Bloody hell,don't follow his tips then.

TV's Statto declared bankrupt
TV's Statto declared bankrupt
Gambling expert and TV pundit Angus Loughran has been declared bankrupt, the Insolvency Service has confirmed.

Angus, known to millions of sport fans as "Statto", was unable to pay his creditors and was declared insolvent at a hearing at Manchester County Court on February 4.

Details of how much he owes, and to whom, were not disclosed. It is not known whether he declared himself bankrupt or if it followed a petition from someone he owes money to.

Angus is the BBC's betting expert, regularly appearing on TV at big horse race meetings giving advice to punters.

He first became famous predicting football results on the 90s show Fantasy Football League, alongside Frank Skinner and David Baddiel.

He also commentates on football matches on Eurosport and has a betting column in the Daily Telegraph.

The announcement of the bankrupty was also made in the London Gazette, giving Angus's former address, in Bowdon, Cheshire, and his occupation as sports consultant. A spokeswoman for his agent, Jane Morgan Management, said no one was available for comment.

Loughran is understood to have said the bankruptcy order involves council tax arrears.

As a bankrupt, he will not now be able to obtain credit for more than £500 without disclosing his bankruptcy, open a new bank account, act as a company director or take part in the management of any registered company without the permission of a judge.

The bankruptcy order automatically runs out on February 4 next year.

He can't be much of an expert to be fair