GAMBLING

 

See Also: A DANDY FELLOW; ENTERTAINMENT; FOOD Sandwich; HORSERACING

 

Betfair

Betfair is a person-to-person betting exchange business. The company was founded by Andrew Bert Black and Ed Wray. The former, who devised the underlying concept, had had a variety of employers, including G.C.H.Q.. The latter had had a career at J.P. Morgan. The two men had come to know one another through Black and Wray's brother being bridge players.

Location: Embankment Waterfront, Winslow Road, W6 9HP

 

Betting Shops

In 1961 the Macmillan government's Betting & Gaming Act legalised off-track betting shops.

Ladbrokes

Ladbrokes was founded in 1886 to act as the commission agent for horses that had been trained at Ladbroke Hall in Worcestershire. The business developed into an upmarket turf accountant it was reputed that some members of the royal family used it pseudonymously) that had a Dickensian office in which clerks sat high ledger desks. In 1956 the Stein family paid 100,000 for the firm. Cyril Stein became Ladbrokes s managing director; it is reputed he was able to recoup the purchase price by aggressively collecting the large debts that some of the firm's aristocratic clients had been allowed to run up. The company used advertising to broaden its customer base and introduced ante-post and no limit betting In 1962 Ladbroke's opened its first betting shops.

In 1967 Ladbrokes floated on the Stock Exchange with a capitalisation of over 1m. The business extended itself into casinos and hotels. In 1993 Mr Stein retired from Ladbrokes. The company was then capitalised at around 2bn.

Location: 6 Old Burlington Street, W1S 3AE. Ladbroke's original office. (purple, red)

The Odds

One betting shop manager commented to a friend, in reference to his customers, They never get it there's five paying-in windows and one paying-out.

 

Bingo

The Cricklewood Mecca

Blanche Blackwell (n e Lindo) (1912-2017) was the scion of one of Jamaica s wealthiest families. She was the mother of Chris Blackwell, who set up Island Records. She and Ian Fleming were lovers. In 2003 she moved to London and settled in a flat in Knightsbridge. In Jamaica she had owned and bet on racehorses. In London she had her chauffeur once a week drive her into suburban North-West London so that she could play bingo at The Cricklewood Mecca.

Location: 200 Cricklewood Broadway, NW2 3DU

See Also: IAN FLEMING

 

Casinos

In the mid-1960s the American Mafia was using London casinos as a means of laundering money. The former Hollywood actor George Raft became a director of The Colony Room. In 1968 the law governing casinos was changed to make it harder for foreign criminals to gain influence over them.

Casinos call big spending gamblers as whales .

The Clermont Club

During the 1950s John Aspinall (1926-2000) and John Burke organised baccarat parties in private London houses. They took a share of the winnings.

In the early 1960s Aspinall opened The Clermont Club. The overheads were higher than they had been for the house parties, they were only able to earn a table charge , and they had to pay tax. The crime boss Billy Hill (1911-1984) heard that Aspinall was short of money. Hill proposed the Big Edge. This involved the Clertmont's cards being marked by being gently bent one way or the other to indicate their value. The cards were then reinserted into their packs and these were sealed. A reader would play in games that the cards were being used. He would not the exact value of cards but would have an edge to be able to win more often than not. Burke felt unable too uncomfortable with the scam. Within a year of it having started, he resigned as the financial director of The Clermont. Aspinall used his departure as a means of claiming to Hill that he believed that the sting was too hard to continue.

In 2009 it was reported Aspinall's friends and family did not believe that his alleged involvement in the Big Edge scam was creditable.

Location: 44 Berkeley Square, W1J 5AR (purple, blue)

The Playboy Club

In 1953 Victor Lownes III (1928-2017) left his family. The following year he met Hugh Hefner (1926-2017) at a party. In 1955 Lownes, who had an M.B.A from the University of Chicago, became Playboy's marketing director. In 1960 the company opened its first Bunny Club in Chicago. The same year Parliament passed the Betting & Gaming Act. This liberalised Britain's gambling laws. In 1963 Lownes moved to the U.K. to head Playboy's European operations. Three years later the company opened the Playboy Club at 45 Park Lane. In the late 1970s London's gambling industry enjoyed a boom of Middle Eastern gamblers. Lownes once remarked that if the Israelis wanted to get the Arabs to the peace table they should cover it with green baize. Playboy acquired a number of casinos and set up a chain of bookmakers. Over 1975-81 the European operation made profits oof 660. This was far larger than those of its American parent. For a while Lownes was Britain's highest paid executive.

He was sexually promiscuous. He used Stocks to live the Playboy lifestyle. During the 1970s there were numerous newspapers stories about it. At one party 8000 bottles of champagne were drunk. There had been numerous journalists at the event. How it took three days for the first story to be printed about it. This was because they all needed time to recover.

Lownes had developed enemies in Hefner's inner circle and antagonised Cyril Stein the head of the Ladbrokes betting chain. The latter was able to discover that Lownes had engaged in some technical - but not criminal - infringements of Playboy's betting licences. He informed the police who raided the Playboy Club and Clermont in early 1981. The Americans used this as an excuse to move against Lownes. In 1981 he was sacked. It was this dismissal, rather than Lownes s actions, prompted the British authorities to revoke the licences.

Lownes owned Stocks, a country house in Hertfordshire. It was the venue for celebrities to party in hedonistically. It had Europe's largest whirlpool bath. Private Eye magazine referred to him as Victor Disgusting. He remained hungry for publicity.

Lownes turned Stocks into a country club. He had a love of theatre-going and proved to a successful investor in shows.

Lownes had an off-on relationship with Marilyn Boobs Cole. In 1984 they married. The couple lived in a mansion on Hyde Park Corner. However, over the years they lived in less of it. In the end they occupied just the basement - like a pair of rabbits.

Location: 1 Connaught Square, W2 2HG. Lownes s home. (purple, brown)

14 Old Park Lane, W1K 1ND (orange, blue)

Restitution

Robert Goff (1926-2016) and Gareth Jones's (1930-2016) book The Law of Restitution (1966) set out the basis for the introduction of the concept of unjust enrichment to become established as a legal principle in English law. The particular case involved a solicitor called Norman Cass. He had embezzled 220,000 from the legal firm of Lipkin Gorman, of which he was a partner. He had gambled the money away at the Playboy Club. He ended up being jailed for three years. His former colleagues sought restitution of the money that he had stolen. In 1991 the House of Lords ruled that the casino should repay the partners 150,000. One of the law lords who presided over the case was Goff.

 

Fishmonger Hall

William Crockford was born into a family that ran a fish stall at the western end of the Strand. Although barely literate, he had a mind that proved to be able to understand the statistical realities of gambling. He used the local taverns as academies in which to nurture his skills at playing cards and dice. Horseracing grew to be one of his interests. He became a known figure at both Tattersall's and Newmarket. While retaining his Cockney identity, he took to mixing with aristocrats. He was granted entry into the gambling establishments of St James's and Mayfair.

Crockford appreciated that ultimately managing a West End gaming house was likely to prove to be more profitable than being the customer of one. He opened his own establishment on St James s Street. With time, it grew to fill four adjacent townhouses. On a number of occasions the entrepreneur was charged with keeping a common gambling house. However, through a mixture of bribery and influence, he managed to avoid ever being convicted.

The entrepreneur commissioned the architect Benjamin Dean Wyatt to convert the St James's Street properties into a palace of gambling . The building opened in 1828. It soon became known as Fishmonger Hall.

Location: 11 Carlton House Terrace, SW1Y 5AH. William Crockford's home. (red, turquoise)

12 Park Place, SW1A 1LP (red, blue)

10 St James's Street, SW1A 1EF. The St James's Bazaar building was probably designed by James Pennethorne for Crockford. (orange, pink)

50-53 St James's Street, SW1A 1JT. Fishmonger Hall. (blue, grey)

 

Gamblers

Colonel Thomas Panton

Colonel Thomas Panton (d.1685) was a gambler who had been born the younger son of a gentleman. He excelled at card games, particularly hazard. After a major win he bought estates in Hampshire and Herefordshire and stopped gambling altogether. His inclination to engage in speculative risk was redirected into metropolitan housing development.

Location: Panton Street, SW1Y 4DL (orange, purple)

See Also: ESTATES The Panton Estate

Henry Disney Roebuck

Henry Disney Roebuck acquired wealth at the gaming tables. He commissioned the construction of a country house in Somerset, which he called Midford Castle (1775). The building's unusual three-sided design is reputed to have been inspired by the ace of clubs, which Roebuck regarded as having been his luckiest card.

The 5th Earl of Rosslyn

The 5th Earl of Rosslyn (1869-1939) had a gambling problem. In 1896 he was declared bankrupt. He took to the stage in order to earn a living. He proved to be able to continue with his gambling. In 1908 he and the gun manufacturer Sir Hiram Maxim engaged in a gambling duel to break the bank at Monte Carlo.

Location: 18 Eaton Square, SW1W 9DD (red, pink)

 

Gamblers Anonymous

Brian Lennard (1935-2019) founded the Sacha Shoes chain. He made a fortune, which he gambled away. Having encountered Gamblers Anonymous in the United States he set up its British branch in 1964.

Website: www.gamblersanonymous.org.uk

 

The Pools

In the 1920s the pools developed as a means of betting on football matches. The Street Betting Act of 1906 was circumvented by allowing people to bet on credit one week at a time. The money they handed over to the company representative was for the previous week.

Most people who did the pools were working class although not all. Nigel Lawson the Chancellor of the Exchequer did them. He was once asked Why do you do them? Think of the odds. Thinking of the winnings! he replied.

Zetters was the smallest of the three large football pools companies. The other two were Littlewoods and Vernons.

Location: 86-88 Clerkenwell Road, EC1M 5RJ. Now a boutique hotel. (orange, yellow)

 

Slot Machines

Admiral

In 2024 Admiral had 275 slot machine shops in the U.K.. It was owned by Novomatic, which was controlled by Johann Graf, an Austrian.

Merkur

In 2024 Merkur had 230 slot machine shops in the U.K.. The company was owned by the Gauselmann family, who were Germans.

 

Sports Betting

In 2000 an I.T. programmer and a banker applied stock market systems to sports betting. They created in which gamblers competed against one another rather than the house. Betfair took a 2.5% commission on winnings

 

Spread Betting

Spead betting was established in 1963 when Coral set up Coral Index to take bets on the movement of the New York and London stock markets.

In 1983 Christoher Hales (1939-2018) and Jonthan Sparke set up City Index. At one point, Sparkes became seriously ill. Hales bet him 5000 he would survive. He did but Hales declined to take his winnings.

 

Turf Accountants

The Street Betting Act of 1906 made cash betting illegal off racecourses. People with access to credit could bet with turf accountants.

The great betting shop chains grew out of credit offices that had been established in Mayfair to cater to landowners.

David Backhouse 2024