Sports betting

Frankie vs Goliath: Will Dettori Day change how the industry manages risk?

Colossus Bets CEO Bernard Marantelli investigates how firms can avert Black Swan disasters through things like captive insurance and cash-out

Fond memories or nightmares, depending on your view of Frankie Dettori’s magnificent 7 in 1996, came flooding back on Ascot Gold Cup day as Frankie rode the first 4 winners. This sent the odds of his 5th mount, Turgenev, spiralling south from 16/1 to 3/1 (6/4 with one major online bookmaker), before being collared late…

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