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Bet365 pay out of £470m

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Replies: 62
By:
Trusty
When: 01 Apr 21 07:44
You are lucky to be restricted to £10!

It is disgusting that her hourly equivalent pay of £54k and she doesn't take bets from everyone. Even if they took £50 e/w or £500 liability a horse would be something but to take nothing because they only want the mugs through their introducer network is disgusting.

All the gambling charities, pretend caring groups, restrictions of affordability are all complete utter bull5hit and B3p's profits just confirm that.
By:
harry callaghan
When: 01 Apr 21 08:14
Fair play to the woman

The only thing I’d question is why racing is on its arse?

yet these bookmakers are making fortunes...to think she’s made 473 million for herself and paid 1/2 billion in tax, racing surely contributes plenty to the profit, so why isn’t a percentage taken to go back into racing??

Surely the percentages and contributions to racing are a mile out?
By:
dustybin
When: 01 Apr 21 08:33
That’s the ‘glass ceiling’ argument buggered then.
If women want more equality of CEO pay perhaps men need a pay rise to level up.
By:
Carveth
When: 01 Apr 21 09:07
(Responding to Harry's post) The main stakeholders are struggling to agree on horseracing’s future and have been for some time now. This gets brought up time and time again in the racing media. The sport needs independent scrutiny otherwise it'll continue to fall into a mire with vested interests just squabbling between themselves. What is needed is a strong evidence base so that intrenched views can be challenged. From what I can gather so far, it’s not there. For example, do we know what happens to every racehorse from "cradle to grave"? How much financial information could be obtained from betting companies in a sufficiently disaggregated form for it to be useful? How much money comes back into racing and how is it distributed? You start to realise things are not as they should be when a rehoming charity like the Racehorse Sanctuary sends out a twitter message on the 16th March, during the Cheltenham festival, but doesn't see a surge in donations to their JustGiving winter covid appeal.(They also had a Reliant on Racing slot on ITV racing which would have been viewed by a large audience). The Wellchild sponsorship at the Cheltenham festival, which raised £200,000, was a wonderful idea but this should not distract from the truth.
By:
GAZO
When: 01 Apr 21 09:07
when you see how much they make and how difficult it is for lots to get any sort of bet on its difficult for them to deny they must be encouraging problem gamblers
By:
harry callaghan
When: 01 Apr 21 09:24
I think it’s time to separate the regulator the BHA and the finances of the sport carveth tbh

A separate body that looks after the finances and looks into bookmakers gains really needs addressing?

People say the french model of a tote take out isn’t good but at least it fund’s the sport...Australia works on a tab system that once again goes back into racing...some of the greyhound races in Australia are worth more than British races and that’s day to day....so it’s clear the sport is being raped by the betting firms, that is clear because of the profits these companies are making

I mean bet 365 have basically made over a billion pounds, it is a monster...racing needs to know exactly how much of these profits are made through horse racing...

The direct payments made to the levy per race isn’t good enough...it should be what are the yearly profits made from racing and the wealth should be spread more back into the sport...we wouldn’t end up with 4 runner races anymore if the racing is sustainable and the bookmakers would make more on turnover, they are just diluting the product as people now take the good horses abroad as they have had enough of the poultry prize money

Looking at the french, you can’t tell me they make nearly the turnover on their racing, yet its competitive because the prize money is good...

These profits bet 365 are making just shows how little these bookmakers contribute to any sport they take bets on
By:
GAZO
When: 01 Apr 21 10:15
if the tote wasnt greedy it could be very strong,it needs to cut the take out and then advertise how many times they beat sp,just like how betfair started and then they might get more ordinary and bigger staking punters using it,at present i suspect the bigger stake punters only really get involved in the scoop 6 and jackpot and even then only after a few rollovers
By:
revs
When: 01 Apr 21 10:15
pure greed..I'd say trading standards need to look into these firms that class themselves as bookmakers.  They don't make books anymore, they copy the odds from betfair, add their margin, and ban anyone that shows "potential" to squeeze a little profit.  Her wealth is the result of exploiting desperate, ill-informed punters, some of which, have serious gambling problems.  Disgusting firm!
By:
punts
When: 01 Apr 21 10:20
I agree bookies should not be allowed to restrict punters revs...

However, I don't think she is profiting from those with gambling issues I just think they have a massive share of the casual punter market due to offering £100 in free bets and being the best platform (IMO and others on here... I'm not alone).
By:
fuzzer
When: 01 Apr 21 10:23
Her salary was more than twice the company's profits from the entire year, but if punters make a couple of hundred quid their maximum stakes are reduced to virtually nothing. It's a completely unfair system and would not be tolerated in any other business.
By:
clayfield1
When: 01 Apr 21 10:23
revs, or anyone else, have any of you wrote to the gambling commission about bookies putting prices up and either refusing to take a bet or letting you have penny's on. I wrote the other day about this, don't think it will get any thing done but the more people that complain about these firms the better. GET THOSE EMAILS SENT TO THE GAMBLING COMMISSION.
By:
fuzzer
When: 01 Apr 21 10:24
Come the glorious day comrades.... up against the wall!
By:
punts
When: 01 Apr 21 10:27
Fuzzer you're 100% right.
By:
harry callaghan
When: 01 Apr 21 10:30
if the tote wasnt greedy it could be very strong,it needs to cut the take out and then advertise how many times they beat sp


I think the point is missed here tbh...if bet 365 are making over a billion a year...what is the take out from horse racing? And what percentage of that profit goes towards horse racing?

Why can we not have the figures?

None of it makes any sense to me...

If I worked at the BHA I’d have to question why the sport is on its arse and not thriving when I see these profits...government intervention and a separation is needed for the sport to progress
By:
clayfield1
When: 01 Apr 21 10:36
fuzzer and punts, sit back moaning and do nothing. Saying nothing will get done and not doing anything will never get ANYTHING CHANGED.
By:
1st time poster
When: 01 Apr 21 12:28
she,s basically laundering drug /criminal money from south america,far east etc
By:
kavvie
When: 01 Apr 21 12:48
what ever her business model is its working. fair play to her. started in a small porto cabin. even tho im restricted etc shes better than all the other betting companys ceos combined.one of the main advantages is ther easy to use site. a lot of the other sites are very cumbersome.the pp one particularly so.
By:
ImSoLuckyLucky!
When: 01 Apr 21 13:36
75% of the T/O comes from abroad
In the Wild west where profit margins are
HUGE

Devil
By:
ImSoLuckyLucky!
When: 02 Apr 21 14:18
Seems her charity has almost £400m in reserves
of which only £10 m is availaby for donations
Perhaps sum begging letters is needed

Devil
By:
Ramruma
When: 02 Apr 21 15:36
Not seen the details but imagine charity is set up to be DC's retirement job (and probably her ticket to the House of Lords as Lady Bet365 of Stoke).
By:
Ramruma
When: 02 Apr 21 15:41
Conversely, the other reason for rich people setting up charities is to keep the relatives occupied so the thickos do not have to be found jobs in the main company where they can seriously stuff things up. Worst case on the charity is they accidentally send dying kids to Center Parcs instead of Disneyland.
By:
impossible123
When: 02 Apr 21 16:00
I think she deserves every penny given she and her dad out-thought and out-manoeuvred all the other behemoth public bookmaking entities. Her annual contribution to The Exchequer, support of local charities and full payment of her staff during Covid pandemic not utilising government financial package something even the major supermarkets eg Tesco, Sainsbury, etc, cannot match.
By:
slickster
When: 02 Apr 21 16:12
So she pays HERSELF over a million a day. But wont take a tenner on a 4-1 shot from a punter they SUSPECT is shrewd. Clearly they, and indeed all, are masquerading as bookies and a serious investigation just has to happen. And the robotic games are clearly suspect shall we say.
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