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By Matthew Makowski. Originally posted January 7, Updated on January 11 at pm. Investing rock star Warren Buffett has called Bitcoin rat poison, a mirage and worthless.

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Bernard marantelli betting line

The latter has created controversy in the horse betting world, with many punters complaining about the alleged deal. Ranogajec has gradually organised an extensive network of spotters, analysts, bettors and administrators, directing activities from office space he is allegedly occupying in the Fox Sports building at Pyrmont Street, [11] in Sydney's inner suburb of Pyrmont. However indirectly due to his information requirements, to gain the edge, he provides employment to over people in Australia.

Ranogajec's success has been revealed to be based upon favorable discounts and rebates that he has negotiated with betting pool operators. In it was reported that the commercial failure of Tote Tasmania was partly due to the large rebates that Ranogajec had received on his betting turnover. In Ranogajec was named as being the leader of a gambling syndicate which had profited from a rebate arrangement with Tote Tasmania Pty Ltd which was a Tasmanian state-owned company.

The profits paid to Ranogajec and his partners virtually wiped out the profits of the Tote Tasmania Pty Ltd, to the extent that Treasurer of Tasmania was reduced to selling off the entire business to Tabcorp Holdings. Ranogajec headed a group known as the Punters Club, consisting largely of math-inclined gambling geeks, reportedly including high-stakes poker player David Steicke.

The Australian Taxation Office ATO has looked at his activities on numerous occasions over the last 25 years and on each occasion has concluded his activities did not constitute a business. Due to the level of his success, the ATO had decided to probe again in The ATO's current position is that betting and gambling wins are not assessable unless you are carrying on a business of betting or gambling and is contained in published rulings [16] for gambling syndicates in Australia.

His business partner David Walsh believes that he does not owe them money as gambling on horse racing has never been a taxable source of income in Australia. After months of debt claims by the ATO, a settlement was agreed with Zeljko and other members of the punter's club, late October After a court-ordered mediation session between parties.

He was also replaced as a director of the company by Eva Karagianni-Goel [24]. Ranogajec rarely gives interviews. From Wikipedia, the free encyclopedia. Zeljko Ranogajec. Hobart , Tasmania , Australia. Legend Icon Description Has not changed from the previous year Has increased from the previous year Has decreased from the previous year.

The Australian Financial Review. Nine Publishing. Retrieved 31 October The Sydney Morning Herald. Retrieved 21 May The Australian. Retrieved 7 March Walerysiak then listed increases above normal Lotto ticket sales for the previous day, Oct. He also included an eighth ticket outlet on his list — the CLC headquarters in Rocky Hill, where customers not only can cash big winning tickets, but also can buy them.

Marantelli was also buying tickets at the headquarters, where Lotto sales for Oct. Patel said it would take him a couple of hours to run the tickets through his terminal to verify they were winners, and then pay the Marantelli associate who came back to pick up the winnings. Marantelli, the enigmatic sportsman, turned out to be quite a sport, throwing a little party for Patel and other local convenience store owners and employees on Nov.

According to Patel and others, the gambler and his associates were buying tickets for about two weeks prior to the winning ticket being drawn on Nov. Lotto drawings are televised Tuesday and Friday nights about p. Ticket sales cease at and resume at The Nov.

It will grow if no one wins it, as happened in the 19 months since January Other nearby convenience store owners were worried or skeptical, at least to begin with, about the group of strangers laden with so much cash, he said.

While all of that has been happening, hearings continued this past week in the whistleblower case of former lottery security director Alfred W. The latest hearing was conducted for several hours Tuesday in Hartford by Michele Mount, the state chief human rights referee for the Commission on Human Rights and Opportunities, and at least one more such session will have to be held, lawyers for the lottery and DuPuis said.

Smith has refused to say why he did that. But the disclosure of it by Turner in July brought renewed scrutiny by legislators and the governor of the quasi-public lottery — which has been accused in recent years of abusing the special autonomy it enjoys in comparison to regular executive branch departments.

PARI MUTUEL BETTING EXPLAINED LYRICS

As of July, Colossus Bets will join forces with 55 racecourses to run British horse racing pools. After a fight with the Australian Taxation Office, the reclusive Zeljko moved his gambling headquarters to the Isle of Man, a tax haven in the Irish Sea off the coast of Britain. In early , not long after his arrival, he set up Colossus Bets with Bernard Marantelli, the son of a Victorian bookmaker.

The property on Middle Head Road, Mosman, cited in corporate documents. Picture: Wolter Peeters. His outfit employs mathematicians, data analysts, computer scientists as well as racing observers to gain an edge. Once his algorithms have detected a pool or a jackpot reaching a certain amount, his syndicate, known as "the Bankroll", swoops.

But it is not successful wagering that is earning the Bankroll a fortune. Fairfax Media can confirm that one of those to provide kickbacks or "rebates" to Zeljko and other leviathan punters is ASX-listed wagering company Tabcorp. Nor would Tabcorp disclose how much had to be wagered per annum to get a rebate. Industry insiders estimate Tabcorp is giving Zeljko a kickback of between 8 and 10 per cent.

Tabcorp disputes this claim. The pattern is the same. Take the jackpot that went off on March Nicknamed "the Loch Ness Monster", the gambling tsar is rarely seen. His Twitter profile states simply: "Allegedly the worlds sic biggest punter and high stake professional gambler. The syndicate argued that theirs was not a business and therefore no tax was payable on their gambling winnings. The document suggested that, should members be asked how much the syndicate wins, the punters should answer that "no records are kept therefore difficult to estimate turnover or profit and I would prefer not to make a guess".

Picture: Scott Gelston. The pair met during their university days in Tasmania. Correspondence obtained by Fairfax Media reveals that the then year-old Zeljko vigorously disputed his banning. The Acting Commissioner for Gaming said that card-counting gave the player an advantage over "the house" as memorising cards enabled players to predict the odds when it came to betting on a particular hand.

Walsh described the late '80s as tough years. By , they were betting millions of dollars a week on lotto, Keno, the horses, and the greyhounds. Since Keno returns players smaller wins of about 48 per cent of their outlay as an incentive to keep betting, Zeljko ended a few million dollars ahead. Walerysiak then listed increases above normal Lotto ticket sales for the previous day, Oct. He also included an eighth ticket outlet on his list — the CLC headquarters in Rocky Hill, where customers not only can cash big winning tickets, but also can buy them.

Marantelli was also buying tickets at the headquarters, where Lotto sales for Oct. Patel said it would take him a couple of hours to run the tickets through his terminal to verify they were winners, and then pay the Marantelli associate who came back to pick up the winnings.

Marantelli, the enigmatic sportsman, turned out to be quite a sport, throwing a little party for Patel and other local convenience store owners and employees on Nov. According to Patel and others, the gambler and his associates were buying tickets for about two weeks prior to the winning ticket being drawn on Nov. Lotto drawings are televised Tuesday and Friday nights about p. Ticket sales cease at and resume at The Nov.

It will grow if no one wins it, as happened in the 19 months since January Other nearby convenience store owners were worried or skeptical, at least to begin with, about the group of strangers laden with so much cash, he said. While all of that has been happening, hearings continued this past week in the whistleblower case of former lottery security director Alfred W.

The latest hearing was conducted for several hours Tuesday in Hartford by Michele Mount, the state chief human rights referee for the Commission on Human Rights and Opportunities, and at least one more such session will have to be held, lawyers for the lottery and DuPuis said.

Smith has refused to say why he did that. But the disclosure of it by Turner in July brought renewed scrutiny by legislators and the governor of the quasi-public lottery — which has been accused in recent years of abusing the special autonomy it enjoys in comparison to regular executive branch departments.

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It is under the name John Wilson that Zeljko is on the verge of making an even greater fortune. As of July, Colossus Bets will join forces with 55 racecourses to run British horse racing pools. After a fight with the Australian Taxation Office, the reclusive Zeljko moved his gambling headquarters to the Isle of Man, a tax haven in the Irish Sea off the coast of Britain. In early , not long after his arrival, he set up Colossus Bets with Bernard Marantelli, the son of a Victorian bookmaker.

The property on Middle Head Road, Mosman, cited in corporate documents. Picture: Wolter Peeters. His outfit employs mathematicians, data analysts, computer scientists as well as racing observers to gain an edge. Once his algorithms have detected a pool or a jackpot reaching a certain amount, his syndicate, known as "the Bankroll", swoops.

But it is not successful wagering that is earning the Bankroll a fortune. Fairfax Media can confirm that one of those to provide kickbacks or "rebates" to Zeljko and other leviathan punters is ASX-listed wagering company Tabcorp.

Nor would Tabcorp disclose how much had to be wagered per annum to get a rebate. Industry insiders estimate Tabcorp is giving Zeljko a kickback of between 8 and 10 per cent. Tabcorp disputes this claim. The pattern is the same. Take the jackpot that went off on March Nicknamed "the Loch Ness Monster", the gambling tsar is rarely seen.

His Twitter profile states simply: "Allegedly the worlds sic biggest punter and high stake professional gambler. The syndicate argued that theirs was not a business and therefore no tax was payable on their gambling winnings.

The document suggested that, should members be asked how much the syndicate wins, the punters should answer that "no records are kept therefore difficult to estimate turnover or profit and I would prefer not to make a guess". Picture: Scott Gelston. The pair met during their university days in Tasmania. Correspondence obtained by Fairfax Media reveals that the then year-old Zeljko vigorously disputed his banning. The Acting Commissioner for Gaming said that card-counting gave the player an advantage over "the house" as memorising cards enabled players to predict the odds when it came to betting on a particular hand.

Walsh described the late '80s as tough years. By , they were betting millions of dollars a week on lotto, Keno, the horses, and the greyhounds. No winner has yet come forward with that ticket to claim the top prize — he or she has days from Nov. Those security efforts come at a time when the quasi-public lottery corporation and the DCP, its state regulator, are still dealing with recriminations about a retailer fraud scandal that forced the shutdown of the 5 Card Cash game.

The two key officials involved in overseeing the unusual ticket-buying activities are new in their jobs this year, after replacing longtime administrators who retired. But both have had long law enforcement careers. Marantelli and his associates went about their business without attracting any public notice in Stamford — and their story is surfacing here for the first time, after Government Watch obtained security memos via a public records request.

He approached the CLC in hopes that special arrangements could be made for him to buy tickets in huge batches. Walerysiak then listed increases above normal Lotto ticket sales for the previous day, Oct. He also included an eighth ticket outlet on his list — the CLC headquarters in Rocky Hill, where customers not only can cash big winning tickets, but also can buy them.

Marantelli was also buying tickets at the headquarters, where Lotto sales for Oct. Patel said it would take him a couple of hours to run the tickets through his terminal to verify they were winners, and then pay the Marantelli associate who came back to pick up the winnings.

Marantelli, the enigmatic sportsman, turned out to be quite a sport, throwing a little party for Patel and other local convenience store owners and employees on Nov. According to Patel and others, the gambler and his associates were buying tickets for about two weeks prior to the winning ticket being drawn on Nov.

Lotto drawings are televised Tuesday and Friday nights about p. Ticket sales cease at and resume at The Nov.

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Colossus Bets' new CEO David O'Reilly speaks exclusively to Gambling Insider following his appointment to succeed Bernard Marantelli. regulatory issues there, of course, mainly around sharing liquidity across state lines. “I can't quite calculate which profit with American odds but there you go.”His faith that cash-outs can work is based off of the options success in. Viimeisimmät twiitit käyttäjältä Bernard Marantelli (@BernardColossus). Invented and A (presumably) betting tweet that I don't understand at all Anyone got a.