interview with paddy power

As long as you can say "Tell the customer he can have £25 at the price and the balance at SP" you will get the job imo.

The job must be fake as they don't take any risks.

Tell them you'll keep the mugs and **** off the shrewdies.

Do you need to say any more?

Tell them they're **** and you don't want to work for them.

a few too many wannabe comedians on here

whats ure experience & qualifications kiddykid?

experience and qualifications must be zero if he is coming on here asking where to go to find out about things

Why not suggest something revolutionary and say that you have faith odds in your odds compiler and the margin he's built in and that you'll lay anyone whomsoever, without fear and favour, up to your PTL?

Say that the most respected bookies in the world are Pinnacle and that Power are a dog-and-cart show by comparison and that you finally want to be some sort of bookmaker.

Say that the most respected bookies in the world are Pinnacle and that Power are a dog-and-cart show by comparison

They made 121m operating profit in the last financial year and their share price has quadrupled over the past 6 years!!

I love it when people come on here calling bookmakers (and exchanges) jokers and idiots when they consistently churn out millions of pounds profit each year. I do agree with you that Pinnacle is the most respected bookie in the world but I would doubt their profits come anywhere close to PP each year.

So what do the shareholders and leaders of someone like paddypower want? the respect of people like askari1 or their continued success?

TheVis - firms like powers tend to get graduates straight from college with no betting experience whatsoever and train them up, maybe thats why hes asking? give the kid a break

Pinnacle is the most respected bookie in the world

I think we have got to the stage now where we can say Pinnacle is the only bookie in the world.

must be great being a grad in these days of the internet and still having to ask on a forum like this where to get some help

suitangi, their share price has grown on the back of a successful shop expansion into England.

The perspective many of us were looking at it from was 'do they have the courage to stand bets?' Of course they don't; their strategy is to encourage lots of little fun negative-expectation bets from recreational gamblers which if they had a mind to they could reverse.

That being the case, why wd anyone who wants to work for them need to know anything about making a book or managing risk?

As to the question of what shareholders want, to some extent they want an industry that has the reputation of being fair and having a broad social spread of customers.

Ladbrokes bounced along on a share price of 400 for a few years, not just on prospects of European expansion but because many of their customers were high-rollers who would on average lose despite considerable year-to-year variance. In other words, they were a bookmaker on the right side of the odds who laid a price.

This year their share price was down to 120. Analysts have understood the business model of the multiples is directing their habitual, 20 quid a visit or less shop customers towards the FOBTs, BAGS or late-market horses. Any more price-sensitive custom will go elsewhere.

Of course the shareholders in Power don't want people like me to bet, but that's only if my views don't get broader traction in society. Prob. they wd prefer just to restrict me within stringent limits.

They're UK retail business accounted for less than 10% of overall group profits in the last financial year and you reckon their share price success is solely down to this?

The perspective I was looking at it was via the question are paddy power a 'dog and cart' operation? they made 120 million euro profit in the previous financial year, forumites can work that one out for themselves

I've got Ladbrokes shares and had them for a good long while.  They were part of Hilton Group and the hotel side was sold and paid out to sharehlders.  I think over 50% of the value was in the "hotels".  I honestly dont think i've lost money on them although tbh I dont take much notice so could be wrong.

Clydebank, it depends on when you bought. I see that the hotels were sold off to the parent group in Feb. 2006 but even with proceeds being returned to shareholders, the standalone Ladbrokes was offered under its own name at 428; it sank to a low of under 120 last year. The share is no further forward than it was in 2009.

suitangi, you seem to work in the industry while I am just a recreational punter (in relation to the effect my small winnings have on my lifestyle) so I will defer to your explanations of why Paddy Power is doing so well. Even on the most favourable reading of earnings per share growth, the rise in this (32%) and in normalised income (15%) is less than this year's rise in share price (57%). The share is priced as a growth stock, and my feeling is that the growth is in the shops in Britain as well as online.

'Dog-and-cart' referred not to the share price but to the fact that Power are entertaining and have a lot of diverting offers but don't give much to the winning punter.

I think that on the point originally at issue (how to learn about risk management in a firm like Power) you have answered yourself. On one side there were the bettors among us saying 'there's no thing as genuine risk management; Power just knock back the winners and jolly along the losers' and you, who implied that there was more to it than that. But you haven't said what, even in the most rudimentary or conceptual way.

The gaming businesses with sportsbooks that are growing (like Power and Bet365) depend on non-price sensitive punters and migration to non-betting and specifically non-racing products. If we suppose that an increasing proportion of bettors become web-literate, and these become increasingly price-conscious, it isn't looking good for the sports betting industry. As share prices indicate, it's looking worst for businesses with a high st. presence that are felt as increasingly socially odious.

In these circs, it makes sense to me that the books wd not go so far to alienate small winning punters as they do. Let's say that Diane Abbott, Harriet Harman and Mary Portas all started to lobby for consumer advisory notices in Ladbrokes windows, a bit like the warnings on packets of cigarettes. Do you think the 100-quid best price punter would be opposed to this? No, I'm sure he's think, 'too right'.

alright lads interview went well. i was only asking just to see if there was anything someone would recommend to study. do know a bit about gambling as have been limited/barred by a fair few including pp. cheers suitangi for the above-churned out these figures as well in interview.
i realise that they are looking for your recreational punters who are not price sensitive. you cant argue with there business model as it works for them and a lot/most high street bookmakers. Coupled with there superb marketing team-they along with Ryanair are Ireland's fledgling companies in the midst of crippling recession.As mentioned above they are justifiable only to stakeholders(including governments)
If you want a bet there is Pinnacle,Fitzdares,Sporting Circle,Betfair,Sma*kets,purple place or plunge high street bookmakers with your mates simultaneously.
@the Vis its a forum with one of the largest betting communities so why not ask? Can't hurt