Tom Waterhouse

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Tom Waterhouse
T Waterhouse.jpg
Waterhouse (2019)
Born
Thomas Robert Waterhouse

(1982-06-11) 11 June 1982 (age 38)
Sydney, New South Wales, Australia
NationalityAustralian
Alma mater University of Sydney
OccupationDirector of Tomwaterhouse.com
Spouse(s)Hoda Waterhouse
Parent(s) Robbie Waterhouse
Gai Waterhouse
Relatives Bill Waterhouse (grandfather)
Tommy J. Smith (grandfather)
Website tomwaterhouse.com

Thomas Robert Waterhouse (born 11 June 1982) is an Australian businessman, director of TomWaterhouse.com, co-founder of investment firm ListedReserve.com and CIO of WaterhouseVC.com. He is the fourth generation of the Waterhouse racing dynasty and the grandson of one of the first official bookmakers in Australia.

Contents

His grandfathers on both sides were involved in the racing industry. William "Bill" Waterhouse was the world's biggest bookmaker in the 1960s and 1970s. The late trainer Tommy J. Smith trained 279 Group One winners, including two Melbourne Cup winners.

Early life

Waterhouse was born in Sydney and educated at Shore, North Sydney. He received a Bachelor of Commerce & Liberal Studies at the University of Sydney, majoring in finance and marketing with the intention of working in finance. [1]

Bookmaking

Tom Waterhouse is the fourth generation of the family to embrace racing, a tradition that began in 1898 when his great grandfather Charles Hercules Waterhouse, took out a licence to operate in at the flat at Randwick. The family tradition was carried on from 1954 by Bill, who set a huge betting record as the world's biggest bookmaker. [2]

In 2001, Waterhouse's father, Robbie Waterhouse, asked him if he would help out at Rosehill Racecourse, which Waterhouse enjoyed. He was only six months into his Commerce degree, but he immediately rearranged his timetable so that he could attend the races for the rest of the week. [3]

After obtaining his bookmaking licence he began working as a bookmaker on course in 2003. [4] By 2008, Waterhouse was Australia's biggest on-track bookmaker, holding more than $20 million over four days at the Melbourne Cup carnival, more than all the other bookmakers combined. [1]

For four years Waterhouse lived in Melbourne's Crown Casino for most of the week due to the protectionist betting laws in NSW. [5]

Internet based business

In 2010 Waterhouse launched an online gambling business. The company was one of Australia's largest corporate bookmakers, with offices in Sydney, Melbourne, and Darwin They claim a client list of 100 "high-net-worth individuals" whose minimum bet is $1000. [3] In this time, the company grew from a start-up with three people to over 100 and from less than 1,000 clients to approximately 250,000.

In August 2013 website was sold to the international betting giant William Hill (bookmaker) where Waterhouse then continued as Managing Director of TomWaterhouse. [6]

In July 2014, Waterhouse became CEO of William Hill Australia operating the TomWaterhouse, Centrebet, Sportingbet, and William Hill brands operating from three countries with approximately 500 employees, one million clients, and over two billion dollars in turnover. [6]

In May 2018, William Hill sold its Australian business, seeing Waterhouse to a two-year non-compete agreement. Leaving behind his career as a bookmaker, Tom Waterhouse takes back control of his brand as a racing tipping service straight away. Trying to help punters beat the bookies. [7]

The website has relaunched as a tipping service, giving subscribers and clients the information, tips, and strategies to win on the punt.

In August 2019, Waterhouse formed the WaterhouseVC wholesale gambling investment fund, "open for investors who put in a minimum of $100,000 and almost completely focused on buying gambling or wagering services stocks listed on the ASX or around the world." [8] An information memorandum reveals the fund is an unlisted unit trust and unregistered investment scheme available to wholesale investors only.

In July 2020 Waterhouse launched a betting aggregator service the TomWaterhouse App. The aggregator will compare odds across several corporate bookmakers and allow customers to place bets with the wagering operator of their choice. [9]

Family

The first bookmaker in the family was Charles Waterhouse, who attained his licence in 1898. [3] Waterhouse's maternal Grandfather, T.J Smith was an Australian racehorse trainer. His mother, Gai Waterhouse (maiden name Gabriel Marie Smith) is a leading Australian horse trainer, businesswoman, and a former actress. Gai Waterhouse served an apprenticeship under her father for fifteen years before receiving her own trainer's licence.

Waterhouse's father, Robbie Waterhouse, and grandfather William "Bill" Waterhouse are also bookmakers. They have attracted controversy in the past including the loss of their bookmaker's licences for eighteen years (originally life bans) due to their involvement in the Fine Cotton substitution scandal in 1984. [10]

Tom Waterhouse married wife Hoda Vakili in 2011, in the Italian town of Taormina. The couple met at Sydney University, where Vakili was studying her Master's in Architecture. Close friends for years, Vakili even worked at the track for Waterhouse for three years taking bets during her degree. [11]

Media

Waterhouse is a regular contributor to many sports-related television and radio programs, as well as various newspapers and magazines.

He is the co-host of Sportsline on Sky Business, and the racing-focused Two Cups and a Plate on TVN. He pays to appear on the Nine Network's Wide World of Sports and is a regular during Nine's coverage of the Wallabies, and featured during the Rugby World Cup 2011. Waterhouse is a regular guest on 2GB with Alan Jones on Friday mornings during Autumn and Spring to discuss racing and sports. He regularly featured during the Channel Seven's coverage of Wimbledon 2012, and Ascot on TVN. [12]

Waterhouse was a contestant on Dancing with the Stars in 2006. He was the second contestant voted off. [13]

More Joyous inquiry

At the 2013 Sydney Cup day on 27 April at Randwick Racecourse, John Singleton fired Gai Waterhouse (Tom's mother) as the trainer of his horses amid allegations that Tom Waterhouse gave acquaintances inside information that Singleton's horse More Joyous was unfit to win the All Ages Stakes. Tom Waterhouse denied any wrongdoing and was cleared in a stewards enquiry conducted by the Racing NSW. [14] Waterhouse was warned not to use his mother's name to promote his bookmaking business. [15]

Awards

Waterhouse was included in the SmartCompany's Hot 30 Under 30 class of 2012, group of entrepreneurs aged 30 years and younger. [16] Tomwaterhouse.com was ranked 19th in the Deloitte Technology Fast 50 Australia 2012. [17]

Related Research Articles

Melbourne Cup

The Melbourne Cup is Australia's most famous annual Thoroughbred horse race. It is a 3200-metre race for three-year-olds and over, conducted by the Victoria Racing Club on the Flemington Racecourse in Melbourne, Victoria as part of the Melbourne Spring Racing Carnival. It is the richest "two-mile" handicap in the world and one of the richest turf races. The event starts at 3:00 pm on the first Tuesday of November and is known locally as "the race that stops the nation".

Bookmaker Organization or person that takes bets on sporting events

A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays off bets on sporting and other events at agreed-upon odds.

Thoroughbred racing in Australia

Thoroughbred horse racing is an important spectator sport in Australia, and gambling on horse races is a very popular pastime with A$14.3 billion wagered in 2009/10 with bookmakers and the Totalisator Agency Board (TAB). The two forms of Thoroughbred horseracing in Australia are flat racing, and races over fences or hurdles in Victoria and South Australia. Thoroughbred racing is the third most attended spectator sport in Australia, behind Australian rules football and rugby league, with almost two million admissions to 360 registered racecourses throughout Australia in 2009/10. Horseracing commenced soon after European settlement, and is now well-appointed with automatic totalizators, starting gates and photo finish cameras on nearly all Australian racecourses.

Damien Oliver

Damien Oliver is an Australian thoroughbred racing jockey. Oliver comes from a racing family; his father Ray Oliver had a successful career until his death in a race fall during the 1975 Kalgoorlie cup in Western Australia. In 2008 Oliver was inducted into the Australian Racing Hall of Fame.

William Hill plc is a bookmaker based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Tommy J. Smith

Thomas John Smith also known as Tommy Smith or T. J. Smith was a leading trainer of thoroughbred racehorses based in Sydney, New South Wales.

Gai Waterhouse

Gabriel Marie "Gai" Waterhouse is an Australian horse trainer and businesswoman. The daughter of Tommy J. Smith, a leading trainer of Thoroughbred racehorses, Waterhouse was born and raised in Sydney. After graduating from the University of New South Wales, she worked as an actor for a time, appearing in both Australian and English television series. Having worked under her father for a period of 15 years, Waterhouse was granted an Australian Jockey Club (AJC) licence in 1992, and trained her first Group One (G1) winner later that year.

Chris Munce is a highly successful Thoroughbred horse racing jockey, having won both the Melbourne Cup and the Cox Plate.

William Stanley Waterhouse was an Australian bookmaker, businessman and barrister. Waterhouse was also Tonga's honorary Consul-General in Australia.

Nash Rawiller is a prominent Australian jockey, based in Hong Kong. He has ridden races in many other parts of the world, including France, Great Britain, Hong Kong, Italy, New Zealand, Singapore and United Arab Emirates. He began his career in Victoria but moved to Sydney in 2007 to link up with prominent trainer Gai Waterhouse. Waterhouse has described Rawiller as "a brilliant rider".

Victor Chandler British businessman

Victor William Chandler is a British businessman, bookmaker, and former chairman of the company BetVictor, legally Victor Chandler International.

Jim Cassidy, often referred to as "Jimmy" is a retired New Zealand jockey who has been inducted in both the Australian Racing Hall of Fame and the New Zealand Racing Hall of Fame.

Betstar established in 2007, is an Australian Corporate Bookmaking firm that are based and established within Melbourne and Darwin.

Alan Eskander is an Australian entrepreneur and licensed bookmaker who together with his father, Michael Eskander, founded the successful Australian bookmaking company Betstar in 2007. Eskander currently resides in Melbourne, though travels to the Northern Territory for business.

Sportsbet.com.au

Sportsbet.com.au, also known as Sportsbet, is an online bookmaker owned by British conglomerate Flutter Entertainment, primarily targeting the Australian market. Sportsbet is licensed as a corporate bookmaker in the Northern Territory under the Racing and Betting Act 1993 (NT). Sportsbet offers betting services online through its website and its mobile app as well as by telephone, and has more than 1.25 million Australian customers as at the end of 2019.

Robert "Robbie" Waterhouse is an Australian racing identity, businessman, form specialist, punter and considered Australia's best known bookmaker. Waterhouse is the son of Bill Waterhouse, he is married to thoroughbred horse trainer Gai Waterhouse, and is the father of bookmaker, Tom Waterhouse.

2013 Melbourne Cup

The 2013 Emirates Melbourne Cup was the 153rd running of the Melbourne Cup, Australia's most prestigious Thoroughbred horse race. The race, held on 5 November 2013, at Flemington Racecourse in Melbourne, Victoria, was won by Fiorente. The horse, owned by Andrew Roberts and Barry Pang, was bred in Ireland, trained in Australia by Gai Waterhouse, and ridden by jockey Damien Oliver. It was Oliver's third victory in the event, after previous wins in 1995 and 2002, and his first start after a ten-month ban for a betting offence. Waterhouse, the daughter of Tommy J. Smith, who trained winners in 1955 and 1981, became the first Australian woman to train a winner.

Fiorente Irish-bred Thoroughbred racehorse

Fiorente is a Thoroughbred racehorse bred in Ireland and trained in Australia. When racing in Europe, he showed high-class form, winning the Princess of Wales's Stakes in 2012. He had greater success when campaigned in Australia, winning the Dato Tan Chin Nam Stakes and the Melbourne Cup in 2013. In 2014 he won the St George Stakes and the Australian Cup.

Mark Read is an Australian businessman and former bookmaker, founder of International All Sports.

Barry Pang, 吴国树 is a martial arts instructor who was involved in the development and growth of kung fu in Australia. He is a Melbourne Australian Chinese entrepreneur. The Barry Pang school has been in operation since 1974 and was one of the earliest kung fu schools in Melbourne. Pang is involved in the Australian horse racing industry and was the first Chinese Australian owner of a Melbourne Cup Winner, Fiorente. His son is actor Chris Pang.

References

  1. 1 2 Elliott, Tim (26 May 2012). "A serious man". The Sydney Morning Herald. Retrieved 1 July 2013.
  2. "Brand Waterhouse taps into Family Bloodline" www.smh.com.au
  3. 1 2 3 Tim Elliott. "Tom Waterhouse: Too Rich, Too Young, Too Lucky". The Sydney Morning Herald. Retrieved 12 August 2012.
  4. "About Tom Waterhouse | No Longer A Bookie | tomwaterhouse.com". 18 July 2019. Retrieved 8 July 2020.
  5. Webster, Andrew (10 June 2011). "Behind the scenes with Tom Waterhouse and a bookmaking dynasty". The Daily Telegraph. Australia. Retrieved 12 August 2012.
  6. 1 2 Kwek, Glenda (8 August 2013). "Tom Waterhouse sells to William Hill". The Sydney Morning Herald. Retrieved 8 July 2020.
  7. "Waterhouse on a winner with tips" John Stensholt, The Australian, 31 August - 1 September 2019.
  8. The Weekend Australian Business Review, 5–6 September 2020. "Tom's next big bet: stock picking"
  9. The Weekend Australian Business Review, 5–6 September 2020. https://www.theaustralian.com.au
  10. Young, Craig (16 April 2002). "Waterhouse faces new ban". The Sydney Morning Herald.
  11. Rowlands, Letitia (2 July 2011). "Wedded bliss in Italian paradise for Tom Waterhouse and Hoda Vakili". The Daily Telegraph. Australia. Retrieved 12 August 2012.
  12. "Tom Everywhere.com". Australian Broadcasting Corporation. 29 October 2012. Retrieved 15 May 2013.
  13. "Tom Waterhouse voted off". The Age. Melbourne. 11 October 2006. Retrieved 15 May 2013.
  14. "Nobody escaped unscathed from the More Joyous inquiry". The Daily Telegraph. 14 May 2013.
  15. Davies, Lisa (13 May 2013). "Racing tells Tom: grow up". Fairfax.com.au. Retrieved 14 May 2013.
  16. http://www.smartcompany.com.au/entrepreneurs/049221-hot-30-under-30-2012.html
  17. http://www.deloitte.com/assets/Dcom-Australia/Local%20Assets/Documents/Industries/TMT/Deloitte_Technology_fast_50_Australia_2012.pdf