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Manoleeds
31 Mar 21 16:43
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Date Joined: 07 Apr 01
| Topic/replies: 1,355 | Blogger: Manoleeds's blog
No not someone getting lucky with an acca.Bet365 boss Denise Coates has taken home Britain's biggest ever salary as part of a package totalling almost £470m last year - about the same as the combined pay for all FTSE 100 chief executives. Where does that  money come from? Can't be from people on here as we are all shrewdiesGrin

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Replies: 62
By:
cardifffc
When: 31 Mar 21 16:46
i did 4 bets with bet 365 and told i could no longer bet with them
By:
sparrow
When: 31 Mar 21 16:48
Incredibly successful bookmaking business.
By:
impossible123
When: 31 Mar 21 16:53
She's above and beyond all the other head honchos in her industry put together. Well deserved. At least most of the profit went her way, not some undeserving shareholders who'd done no work. Bet365 is her family's baby.

No doubt this colossal figure is from punters in America and rest of the world from casino games and slots.
By:
geoff m
When: 31 Mar 21 16:54
In fairness she pays her dues in taxes as well. Not an offshore dodger.
#The family contributed £573 million pounds last year to the treasury.


Still the mind boggles why they wont tAKE A FIVER BET OFF MANY OF US.
By:
s.kenbo
When: 31 Mar 21 16:56
Wow, that’s some contribution to the treasury.
By:
Gaze733
When: 31 Mar 21 17:00
Yeah, a company like that should have a minimum liability of at least 50-100 quid per bet, fugging jokers.
By:
Whippin Piccadilly
When: 31 Mar 21 17:03
They will take bets, just not off people who open accounts and their first bets being £50 ones on the ITV races......
By:
posy
When: 31 Mar 21 17:03
365's usp is being internet based there are practically zero retail outlets ;the cost savings must be immense.
By:
geoff m
When: 31 Mar 21 17:06
Think she transformed the company which was previously a few Betting Shops (Pinnacle Racing) owned by her dad/family around Stoke On Trent area.
By:
impossible123
When: 31 Mar 21 17:10
Also, they do not employ shysters/voiceboxes unlike 'ok koral and boyles' on tv telling fibs and outright lies on Eclipse Day at Sandown. The shysters do not come cheap.
By:
cardifffc
When: 31 Mar 21 17:17
impossible...they do
By:
punts
When: 31 Mar 21 17:32
Anyone know what the secret to their success is ?

I know they gave me 100 quid in free bets when I opened the account that must have been the most generous bookmaker offer ever.

Who doesn't like free moneee
By:
impossible123
When: 31 Mar 21 17:39
'cardiffc', if so I must be watching another racing channel. Bet365 is the best bookie on Oddschecker in every sense eg little or no promotion, but quality on prices; prompt payment; generous ongoing cashouts. The others pale into insignificance.
By:
cardifffc
When: 31 Mar 21 17:41
impossible....i suppose if you dont have any ambition to win they are terrific
By:
Hayden
When: 31 Mar 21 17:42
The answer is simple , a shrewd business model designed to accommodate punters who can contribute to that enormous treasury sum.

There is so much variation of business models out there and having acquired knowledge of the vast majority via contacts it's no wonder some of them have to knee jerk to make ends meet.

Hats off to a shrewd business woman   Happy
By:
howard
When: 31 Mar 21 17:42
As Fred said they were the first to realise internet was the future. Sold all shops. Got the top tech team together. Went for mainstream punters ( losers ) in big numbers rather than big players that had any idea what they were doing.
By:
GAZO
When: 31 Mar 21 17:44
fair play to her as long as she pays her staff well and not just the going rate
By:
sparrow
When: 31 Mar 21 17:45
So 365 are winning fortunes, but where do the shrewdies win their money?
By:
Ramruma
When: 31 Mar 21 17:49
Bet365 has the best user interface of all the big bookmaker sites, at least for racing. It is quick and uncluttered. Of course there are tweaks I wish they'd make but it is far better than any of the others which are typically either slow or constantly trying to push casino games on you.
By:
Hayden
When: 31 Mar 21 17:51
As far as i'm aware she's.......

Paid the staff throughout covid
Paid the Stoke City staff also
Donated £10 million to her local NHS
Not claimed any government furlough.

Whatever your feelings towards bookmakers that's hard to criticise.
By:
greenteethnarrabacktroutmoy
When: 31 Mar 21 17:52
bett365..lose as much as you like but win and acc closed.

great business model.
By:
impossible123
When: 31 Mar 21 17:57
Now with the toothless Gambling Commission and BHA head honchos (tweedle-dee and tweedle-dum) gone let's hope post affordability review the industry could adopt something similar to Australia where every horse racing punter is accommodated an agreed minimum amount regardless. Otherwise, every bookie on the high street cannot have fobt on site.
By:
Ramruma
When: 31 Mar 21 17:58
@greenteethnarrabacktroutmoy (not easy to type btw) -- "bett365..lose as much as you like but win and acc closed. great business model."

That has not been my experience. Maybe I've just been lucky or maybe it is a certain type of winner they want to avoid.
By:
dr . atkins
When: 31 Mar 21 18:01
a lot of clients in africa
By:
xmoneyx
When: 31 Mar 21 18:03
I've paid for the carpet on her
yacht
By:
impossible123
When: 31 Mar 21 18:07
I've not be restricted by any bookie except 'ok koral and ***way' for pinching/forward looking on antepost prices. It was not my fault if their employers had been sleep-walking in their job and got spanked.
By:
howard
When: 31 Mar 21 18:11
Ramruma , they don't want anyone that looks shrewd. You either must look like a dummy ( eg. Foinhaven backer ) and they think you are purely jammy or you have won buttons over a long period of time never beating the price.
By:
matso
When: 31 Mar 21 18:13
Ive e-mailed Denise Coates dozens of times and failed to get any response , I wonder why she feels she can treat her clients with total contempt. an organisation of total filth like all other bookmaking firms .. betfair not much better every time you go to back a horse the price is never there , seems manipulation to force people to take lesser prices is rife on betfair , been going on for a long time.
By:
Ramruma
When: 31 Mar 21 18:17
@howard re never beating the price -- is that code for filthy arbers? Cool

But all this is probably old-fashioned. See the Entain thread and the press release therein about using artificial intelligence (AI) to classify customers. I expect we'll see more of that with bookies looking to steer clear of addicts who might get them a million pound fine for encouraging them, and at the opposite end, sharks and shrewdies. Nothing personal but computer says no.
By:
Ramruma
When: 31 Mar 21 18:20
@matso -- re email.

When I worked as a low-level corporate drone I got hundreds of emails a day. I expect DC gets thousands and any not from a pre-approved list of senders (what we used to call whitelisted) is automatically binned. There are not enough hours in the day. I'm slightly surprised she does not employ a team of assistants to check them but...
By:
greenteethnarrabacktroutmoy
When: 31 Mar 21 18:22
they don't want anyone that looks shrewd. You either must look like a dummy ( eg. Foinhaven backer ) and they think you are purely jammy or you have won buttons over a long period of time never beating the price.

correct.
By:
pulio
When: 31 Mar 21 18:40
So many casuals lose with them and then they must have a few bigger punters who they know are long term losers who they allow to get on. I'd love to know how much bookies make from the virtuals and games/casinos compared to bets they take on sports.
By:
onlooker
When: 31 Mar 21 18:44
Money like that  - can only come from the FAR EAST.

Quite how it is 'attained' in the First Place - by Far East Punters  - including Chinese using VPNs - is a Question nobody is prepared to ask.
By:
impossible123
When: 31 Mar 21 18:47
The Chinese are filthy rich with money to burn (literally). Also, they are gambling fanatics. Has anyone not noticed Monday nights at the casinos? The clientele are almost entirely Chinese outside London.
By:
pulio
When: 31 Mar 21 18:47
The few times I've been in casinos to play a bit of poker it was staggering to see the conduct at the roulette machines. A lot of middle eastern lads throwing chips on what looks like a huge amount of possible outcomes. I'm not sure they understand the mathematics of casino betting or maybe they were just absolutely loaded.
By:
impossible123
When: 31 Mar 21 18:50
Oh yes, same as the Chinese in regional casinos. The Chinese just enjoyed putting chips on the table; usually every number was covered on every spin.
By:
Nebs
When: 31 Mar 21 18:53
Now that the bookmakers are setting the SP there is even less reason for them to be allowed to restrict/ban anyone.
By:
roache
When: 31 Mar 21 22:27
Its embarrassing in that her package reported at the start of this thread is £470 million yet they feel the need to restrict me and many others to win a maximum £10 on certain markets
By:
adamski
When: 01 Apr 21 05:10
Licensed thieves
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