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21 Sep 23
14:13
Joined:
Date Joined:
10 Jan 02
At a Coral's shop on their Bet Station terminal. Makes the ave odds 1.466.
Given the huge over rounds on them it's fair to assume the average price on the exchange was at least 1.55. That would have returned £2,564,000. Alternatively his 35bet was actually worth £0.95. Not that he'll be particularly bothered
Given the huge over rounds on them it's fair to assume the average price on the exchange was at least 1.55. That would have returned £2,564,000. Alternatively his 35bet was actually worth £0.95. Not that he'll be particularly bothered
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[iAlternatively his £5bet was actually worth £0.95.
A Coral customer is celebrating a life-changing windfall after he landed an incredible 30-match sports bet last week which turned his £5 stake into almost half a million pounds.
The Rotherham man, who wishes to remain anonymous, placed the 30-leg acca on a self-service betting terminal in a Coral shop in the South Yorkshire town, and scooped £486,000 when all the selections in his accumulator won, at combined odds of over 97,000/1.
“The bet ran over several days and included specific outcomes in five tennis matches and 25 football matches – from Israel v Belarus to Scotland v England, and concluded with Sporting Lisbon v Moreirense on Sunday night. He needed Sporting Lisbon to win with 1 to 5 goals in the game, and Sporting won 3-0,” said Coral’s David Stevens.
“After 28 legs, he was offered a cash-out option of £222,000, which he – wisely as it turned out – said no to, and was ultimately rewarded with all 30 legs winning, at odds of over 97,000/1.
“It’s fair to say shock was his first reaction to realising all 30 legs had won, but unsurprisingly he was soon celebrating what he has said is a life-changing amount.
“In over two decades at Coral, I’ve never seen such an incredible winning bet. To get four or five predictions right is hard enough, to get 30 is extraordinary, and this punter deserves every penny of his £486,000.”
The Rotherham man, who wishes to remain anonymous, placed the 30-leg acca on a self-service betting terminal in a Coral shop in the South Yorkshire town, and scooped £486,000 when all the selections in his accumulator won, at combined odds of over 97,000/1.
“The bet ran over several days and included specific outcomes in five tennis matches and 25 football matches – from Israel v Belarus to Scotland v England, and concluded with Sporting Lisbon v Moreirense on Sunday night. He needed Sporting Lisbon to win with 1 to 5 goals in the game, and Sporting won 3-0,” said Coral’s David Stevens.
“After 28 legs, he was offered a cash-out option of £222,000, which he – wisely as it turned out – said no to, and was ultimately rewarded with all 30 legs winning, at odds of over 97,000/1.
“It’s fair to say shock was his first reaction to realising all 30 legs had won, but unsurprisingly he was soon celebrating what he has said is a life-changing amount.
“In over two decades at Coral, I’ve never seen such an incredible winning bet. To get four or five predictions right is hard enough, to get 30 is extraordinary, and this punter deserves every penny of his £486,000.”
He knew the 1st 28 legs had won,refused the cashout.
Shocked when he realised all 30 had won.Just another
2 legs.Couldn't have been watching then.
Shocked when he realised all 30 had won.Just another
2 legs.Couldn't have been watching then.
Well after winning nearly half a million on a bet I won't be laughing at him.
Exactly Penzance! He obviously had no interest in the last 2 legs. Instead he was doing his ironing or watching Antiques Roadshow. Only briefly turning his attention away from said 2 tasks to check the result of the Sporting Lisbon game. And once the result was known, he turned to his wife and said "I'm shocked I tell you, shocked!" before turning his attention back to the Antiques Roadshow.
Got lucky. Would you put £222,000 from your own bank on a short priced double, absolutely not.
Nobody on here would ever be in that position in the first place never mind "short priced doubles" to argue about.
If the last leg had went down? I would just say to myself "it was only fiver" 
On punters who cash out. Are we accountants or gamblers?
In the words of Jay Trotter....let it ride!
In the words of Jay Trotter....let it ride!
I know at least one person on this thread who could.
Not arguing anyway. My position on any exotic bet is, would you put that amount on if you had it in your hand. The vast majority would not. I learned that lesson very early on when I was still not officially old enough to bet. Had a £5 treble with Oh So Risky leading at the last hurdle on the last leg, and he got beat
Not arguing anyway. My position on any exotic bet is, would you put that amount on if you had it in your hand. The vast majority would not. I learned that lesson very early on when I was still not officially old enough to bet. Had a £5 treble with Oh So Risky leading at the last hurdle on the last leg, and he got beat
Cider meant someone able to put a £200k bet on a short priced double is on this thread
walofs..betting in fivers and refuses a £222,000 cashout?
wel aye wor kid.
wel aye wor kid.
But, will they find a discepencie and have a stewards.?
course he did.
another 'anonymous' punter lands an incredible acca
just another imaginary win announced by a bookmaker to get some new customers sucked in to impossible acca bets
another 'anonymous' punter lands an incredible acca
just another imaginary win announced by a bookmaker to get some new customers sucked in to impossible acca bets
have you noticed nearly all these massive acca winners are all 'anonymous' yet lottery winners cant wait to be in the limelight
"just another imaginary win announced by a bookmaker to get some new customers sucked in to impossible acca bets"
There are hundreds of thousands of people doing these bets every day; it stands to reason some of them occasionally come off to provide bookie PR fodder?
"have you noticed nearly all these massive acca winners are all 'anonymous' yet lottery winners cant wait to be in the limelight"
Does seem strange - inviting begging letters and the like.
(BF's US arm FanDuel all over the online betting press today for paying out a total of $20m on a promoted boosted acca on field goals - whatever they are - on US Football)
There are hundreds of thousands of people doing these bets every day; it stands to reason some of them occasionally come off to provide bookie PR fodder?
"have you noticed nearly all these massive acca winners are all 'anonymous' yet lottery winners cant wait to be in the limelight"
Does seem strange - inviting begging letters and the like.
(BF's US arm FanDuel all over the online betting press today for paying out a total of $20m on a promoted boosted acca on field goals - whatever they are - on US Football)
I take it your details have to be given on the terminals?
If not how did they get in touch to offer the cashout?.
If not how did they get in touch to offer the cashout?.
THE FULL BET according to this article in the Daily Star...
https://www.dailystar.co.uk/sport/football/coral-rotherham-punter-bet-england-30987691
Ana Bogdan to beat Nuria Brancaccio (Tennis) (1.18)
Irinia Bara to win a set against Camilla Rosatello (Tennis) (1.22)
Dalma Galfi to beat Ela Nala Milic (Tennis) (1.13)
Danielle Collins to beat Louisa Chirico (Tennis) (1.15)
Xinyu Wang to win a set against Jil Teichmann (1.15)
Switzerland vs Andorra – over 7.5 corners (1.36)
Israel to beat Belarus and over 1.5 goals (1.44)
Norway to beat Georgia and over 1.5 goals (1.44)
Scotland vs England – Both teams to score and over 2.5 goals (2.38)
Japan vs Turkey – Both teams to score and over 2.5 goals (2.15)
Germany vs France - Both teams to score and over 2.5 goals (1.85)
Bayern Munich vs Bayer Leverkusen - Both teams to score and over 2.5 goals (1.55)
SC Freiburg vs Borussia Dortmund- Both teams to score and over 2.5 goals (1.73)
Manchester City to beat West Ham (1.44)
Liverpool to beat Wolves and over 1.5 goals (1.62)
Tottenham to beat Sheffield United and over 1.5 goals (1.44)
Norwich to beat Stoke and over 1.5 goals (1.95)
Celtic vs Dundee – 3-6 goals (1.50)
St Johnstone vs Rangers – 2-6 goals (1.22)
Galatasaray vs Samsunspor – 2-6 goals (1.22)
Fenerbache vs Antalyaspor – 2-6 goals (1.22)
Barcelona vs Real Betis – double chance (Barcelona or draw) and over 2.5 goals (1.48)
Inter Milan vs AC Milan – 3-6 goals (1.85)
Cameroon to beat Burundi and over 1.5 goals (1.33)
Porto to beat Estrela da Amadora and over 1.5 goals (1.44)
Benfica to beat FC Vizela and over 1.5 goals (1.33)
Sporting Lisbon to beat Moreirense and over 1.5 goals (1.33)
Argentina to beat Bolivia and over 1.5 goals (1.60)
Spain vs Cyprus – over 8.5 corners (1.70)
Belgium vs Estonia – over 7.5 corners (1.30)
https://www.dailystar.co.uk/sport/football/coral-rotherham-punter-bet-england-30987691
Ana Bogdan to beat Nuria Brancaccio (Tennis) (1.18)
Irinia Bara to win a set against Camilla Rosatello (Tennis) (1.22)
Dalma Galfi to beat Ela Nala Milic (Tennis) (1.13)
Danielle Collins to beat Louisa Chirico (Tennis) (1.15)
Xinyu Wang to win a set against Jil Teichmann (1.15)
Switzerland vs Andorra – over 7.5 corners (1.36)
Israel to beat Belarus and over 1.5 goals (1.44)
Norway to beat Georgia and over 1.5 goals (1.44)
Scotland vs England – Both teams to score and over 2.5 goals (2.38)
Japan vs Turkey – Both teams to score and over 2.5 goals (2.15)
Germany vs France - Both teams to score and over 2.5 goals (1.85)
Bayern Munich vs Bayer Leverkusen - Both teams to score and over 2.5 goals (1.55)
SC Freiburg vs Borussia Dortmund- Both teams to score and over 2.5 goals (1.73)
Manchester City to beat West Ham (1.44)
Liverpool to beat Wolves and over 1.5 goals (1.62)
Tottenham to beat Sheffield United and over 1.5 goals (1.44)
Norwich to beat Stoke and over 1.5 goals (1.95)
Celtic vs Dundee – 3-6 goals (1.50)
St Johnstone vs Rangers – 2-6 goals (1.22)
Galatasaray vs Samsunspor – 2-6 goals (1.22)
Fenerbache vs Antalyaspor – 2-6 goals (1.22)
Barcelona vs Real Betis – double chance (Barcelona or draw) and over 2.5 goals (1.48)
Inter Milan vs AC Milan – 3-6 goals (1.85)
Cameroon to beat Burundi and over 1.5 goals (1.33)
Porto to beat Estrela da Amadora and over 1.5 goals (1.44)
Benfica to beat FC Vizela and over 1.5 goals (1.33)
Sporting Lisbon to beat Moreirense and over 1.5 goals (1.33)
Argentina to beat Bolivia and over 1.5 goals (1.60)
Spain vs Cyprus – over 8.5 corners (1.70)
Belgium vs Estonia – over 7.5 corners (1.30)
The terminals offer cash outs, Penzance. You scan your ticket after a winning leg and a cash out offer appears.
Cheers.
GL to who had the bet up but knowing 28 had won,then shocked when the
last 2 legs came in,just seems strange.
GL to who had the bet up but knowing 28 had won,then shocked when the
last 2 legs came in,just seems strange.
Don't know what happened in most of the Matches/Games - BUT ...
Tottenham to beat Sheffield United and over 1.5 goals
= 2 Tottenham goals in Added-On time
Scotland vs England – Both teams to score and over 2.5 goals
= He owes HARRY MAGUITE a Pint !
Tottenham to beat Sheffield United and over 1.5 goals
= 2 Tottenham goals in Added-On time
Scotland vs England – Both teams to score and over 2.5 goals
= He owes HARRY MAGUITE a Pint !
Walked all way to shop to scan ticket. And didnot cashout
StillLearning Joined: 13 Jun 12
Replies: 1109722 Sep 23 18:10
course he did.
another 'anonymous' punter lands an incredible acca
just another imaginary win announced by a bookmaker to get some new customers sucked in to impossible acca bets
quite so. the top jollies at koral got together and came up with something to get them into the limelight. this time they decided to stretch credulity by making it a 30 leg acca. all were sworn to secrecy because exposure would lead to their dismissal and humiliate the company and destroy whatever credibilty it had
yes, that sounds about it. but they reckoned without this forum genius
Replies: 1109722 Sep 23 18:10
course he did.
another 'anonymous' punter lands an incredible acca
just another imaginary win announced by a bookmaker to get some new customers sucked in to impossible acca bets
quite so. the top jollies at koral got together and came up with something to get them into the limelight. this time they decided to stretch credulity by making it a 30 leg acca. all were sworn to secrecy because exposure would lead to their dismissal and humiliate the company and destroy whatever credibilty it had
yes, that sounds about it. but they reckoned without this forum genius
Must be nervous in the shop.
Walking home with that piece of paper.
Were did he hide it. Incase someone followed him hame
Walking home with that piece of paper.
Were did he hide it. Incase someone followed him hame
Did wifey know. Why she not make him cashoot
never read such a load of absolute fckn shyte in my entire life...for a start it would take hours to decide those 30 bets alone and there aint a person on the planet whoi bets in fivers refusing the cashout..are there actually people in here who believe this actually happened?
pmsl
pmsl
Ana Bogdan to beat Nuria Brancaccio (Tennis) (1.18)
Irinia Bara to win a set against Camilla Rosatello (Tennis) (1.22)
Dalma Galfi to beat Ela Nala Milic (Tennis) (1.13)
Danielle Collins to beat Louisa Chirico (Tennis) (1.15)
Xinyu Wang to win a set against Jil Teichmann (1.15)
Switzerland vs Andorra – over 7.5 corners (1.36)
Israel to beat Belarus and over 1.5 goals (1.44)
Norway to beat Georgia and over 1.5 goals (1.44)
Scotland vs England – Both teams to score and over 2.5 goals (2.38)
Japan vs Turkey – Both teams to score and over 2.5 goals (2.15)
Germany vs France - Both teams to score and over 2.5 goals (1.85)
Bayern Munich vs Bayer Leverkusen - Both teams to score and over 2.5 goals (1.55)
SC Freiburg vs Borussia Dortmund- Both teams to score and over 2.5 goals (1.73)
Manchester City to beat West Ham (1.44)
Liverpool to beat Wolves and over 1.5 goals (1.62)
Tottenham to beat Sheffield United and over 1.5 goals (1.44)
Norwich to beat Stoke and over 1.5 goals (1.95)
Celtic vs Dundee – 3-6 goals (1.50)
St Johnstone vs Rangers – 2-6 goals (1.22)
Galatasaray vs Samsunspor – 2-6 goals (1.22)
Fenerbache vs Antalyaspor – 2-6 goals (1.22)
Barcelona vs Real Betis – double chance (Barcelona or draw) and over 2.5 goals (1.48)
Inter Milan vs AC Milan – 3-6 goals (1.85)
Cameroon to beat Burundi and over 1.5 goals (1.33)
Porto to beat Estrela da Amadora and over 1.5 goals (1.44)
Benfica to beat FC Vizela and over 1.5 goals (1.33)
Sporting Lisbon to beat Moreirense and over 1.5 goals (1.33)
Argentina to beat Bolivia and over 1.5 goals (1.60)
Spain vs Cyprus – over 8.5 corners (1.70)
Belgium vs Estonia – over 7.5 corners (1.30)
Gazes peenus to measure between 2-4" (1.1)
Hulks testicles to weigh 8-12ozs (each)(1.03)
Katie Price to have ridden between 56-78 men (1.03)
had £25 on (sheltland)
Irinia Bara to win a set against Camilla Rosatello (Tennis) (1.22)
Dalma Galfi to beat Ela Nala Milic (Tennis) (1.13)
Danielle Collins to beat Louisa Chirico (Tennis) (1.15)
Xinyu Wang to win a set against Jil Teichmann (1.15)
Switzerland vs Andorra – over 7.5 corners (1.36)
Israel to beat Belarus and over 1.5 goals (1.44)
Norway to beat Georgia and over 1.5 goals (1.44)
Scotland vs England – Both teams to score and over 2.5 goals (2.38)
Japan vs Turkey – Both teams to score and over 2.5 goals (2.15)
Germany vs France - Both teams to score and over 2.5 goals (1.85)
Bayern Munich vs Bayer Leverkusen - Both teams to score and over 2.5 goals (1.55)
SC Freiburg vs Borussia Dortmund- Both teams to score and over 2.5 goals (1.73)
Manchester City to beat West Ham (1.44)
Liverpool to beat Wolves and over 1.5 goals (1.62)
Tottenham to beat Sheffield United and over 1.5 goals (1.44)
Norwich to beat Stoke and over 1.5 goals (1.95)
Celtic vs Dundee – 3-6 goals (1.50)
St Johnstone vs Rangers – 2-6 goals (1.22)
Galatasaray vs Samsunspor – 2-6 goals (1.22)
Fenerbache vs Antalyaspor – 2-6 goals (1.22)
Barcelona vs Real Betis – double chance (Barcelona or draw) and over 2.5 goals (1.48)
Inter Milan vs AC Milan – 3-6 goals (1.85)
Cameroon to beat Burundi and over 1.5 goals (1.33)
Porto to beat Estrela da Amadora and over 1.5 goals (1.44)
Benfica to beat FC Vizela and over 1.5 goals (1.33)
Sporting Lisbon to beat Moreirense and over 1.5 goals (1.33)
Argentina to beat Bolivia and over 1.5 goals (1.60)
Spain vs Cyprus – over 8.5 corners (1.70)
Belgium vs Estonia – over 7.5 corners (1.30)
Gazes peenus to measure between 2-4" (1.1)
Hulks testicles to weigh 8-12ozs (each)(1.03)
Katie Price to have ridden between 56-78 men (1.03)
had £25 on (sheltland)
Hope the guy has picked it up as the way the share price is going there will be nought left in the kitty.
one of the worst performing shares in the last 2 years.
Hope you are all well.
Regards.
Ronnie.
one of the worst performing shares in the last 2 years.
Hope you are all well.
Regards.
Ronnie.
A thinly veiled advert for their self-service betting terminals imo.
Fewer till operators required = fewer staff to pay.
Fewer till operators required = fewer staff to pay.
serious question,ewe go into a shop tomorrow and sit at a terminal ..how long to choose the 30 selections?
bearing in mind most have 6-10 outcomes...
bearing in mind most have 6-10 outcomes...
I'll have a go tomorrow amd let you know, wish me luck.
made up story for free publicity promoting their betting terminals, I for one didn't even know these existed
a group of koral execs got together and decided to come up with the wackiest wager youve ever seen and pretend an anonymous geezer in an dismal gaff in the state of yorkshire had it right off
all were, of course, sworn to secrecy. this is what happened;
'lets make up bet- nobby-you put in some nutty football, herbet, you plonk in a bit of tennis, tristran, find some obscure extreme hopscotch and chuck that in as well. how many events should we invent? 10? naa, not wacky enuff. 20. mmm. lets really push the boat out, how about 30?
'thirty!! youisavinalaff-nobody will believe it.'
'course they will, we only have to fear the betfair forum, but nobody reads that any more so we are sweet'
'what if we get caught?, we will all be sacked'
'never mind, if nobody squeals we can pull this off'
'but why? whats in it for us?'
'never mind. its a giggle and we will make the daily star'
all; 'ok. lets do this!'
trebles all round
all were, of course, sworn to secrecy. this is what happened;
'lets make up bet- nobby-you put in some nutty football, herbet, you plonk in a bit of tennis, tristran, find some obscure extreme hopscotch and chuck that in as well. how many events should we invent? 10? naa, not wacky enuff. 20. mmm. lets really push the boat out, how about 30?
'thirty!! youisavinalaff-nobody will believe it.'
'course they will, we only have to fear the betfair forum, but nobody reads that any more so we are sweet'
'what if we get caught?, we will all be sacked'
'never mind, if nobody squeals we can pull this off'
'but why? whats in it for us?'
'never mind. its a giggle and we will make the daily star'
all; 'ok. lets do this!'
trebles all round
Yeah. Who would believe a mug punter would string together a load of odd-on shots? Has this ever happened before?
Never mind the racing shrewdies do the same thing every Cheltenham.
And the cashout was offered with only 2 legs left, apparently. After 28 winners, the guy was probably feeling lucky.
Never mind the racing shrewdies do the same thing every Cheltenham.
And the cashout was offered with only 2 legs left, apparently. After 28 winners, the guy was probably feeling lucky.
Scotland vs England – Both teams to score and over 2.5 goals (2.38)
If I'd done this acca, that one would have certainly ended 1-1 (all other results the same) - I don't think I've ever won an acca bet in my life with all events coining in. Had numerous with one leg missing though...
If I'd done this acca, that one would have certainly ended 1-1 (all other results the same) - I don't think I've ever won an acca bet in my life with all events coining in. Had numerous with one leg missing though...
just been and done a similar bet..weny in betfraud at 9am..left at 12:34.
rico, i did the same, after 4 hours I got to selection 31 (on ladycarla's recommendation) placed bet only to get message 'You have exceeded the maximum payout, please start again' and the betting slip was cleared
Sep 23, 2023 -- 1:21PM, Rico-Dangleflaps wrote:
just been and done a similar bet..weny in betfraud at 9am..left at 12:34.
see, its worked
Fiver 30 selections acca? Hard to believe but if you have a penny in your pocket and double it 30 times it comes to over a million pounds.
I do a couple of these every week…but mostly on stuff I’m planning to watch.
You will be surprised by some of the odds on shots that get turned over.
Had one a couple months back that only had a few legs left but Penrith Panther managed to lose at 1/40.
Which had me thinking about a potential counter strategy to pick up a huge score.
I think Rugby in general has some wonky prices that can be exploited…just today Portugal nicked a draw vs Georgia…and they should’ve won too.
Super league, NRL and Union…got to be a way to land some sort of fantasy acca with outsiders imo.
You will be surprised by some of the odds on shots that get turned over.
Had one a couple months back that only had a few legs left but Penrith Panther managed to lose at 1/40.
Which had me thinking about a potential counter strategy to pick up a huge score.
I think Rugby in general has some wonky prices that can be exploited…just today Portugal nicked a draw vs Georgia…and they should’ve won too.
Super league, NRL and Union…got to be a way to land some sort of fantasy acca with outsiders imo.
By the way…how on earth do you scribble 30 selections on a that little slip of paper with one of them little betting shop pens?
Guy must have the best hand writing in the world imo.
Guy must have the best hand writing in the world imo.
waiting on gaze peenus size 2-4"..waiting for pic.
Anybody have any idea about the massive share price drop today.
Thanks.
Ronnie
Thanks.
Ronnie
Massive drop follows this trading statement from Entain.
https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4383139&lang=en-GB&companycode=lu-gvc&v=newdesign
It starts
Post the summer, Online Net Gaming Revenue (NGR) has been mixed across the Group, but in aggregate, softer than anticipated. Q3 Online NGR growth is now expected to be up high single-digit percent, and down high single digit percent on a proforma basis. Key drivers include:
· Adverse sporting results impacting sports margins during September
· Group wide implementation of industry leading safer gambling measures and ongoing regulatory headwinds persisting longer than expected, particularly in the UK
· Slower growth than expected in Australia and Italy
· Good underlying Online growth (ex-regulatory impacts) as evidenced by further strong proforma growth in active customers across the quarter
· Strong performance from recent acquisitions, particularly SuperSport in Croatia
· Robust performance across Retail
· BetMGM in the US continuing to perform well: on track to deliver positive EBITDA in the second half of 2023; FY2023 NGR at the upper end of $1.8-$2.0bn guidance; and the successful rollout of Single Account Single Wallet, as well as online sportsbook enhancements supporting strong start to the NFL season
We now expect Group Online NGR for FY2023 to be up low double-digit percent with proforma NGR down low single digit percent. We reiterate our expectations for FY2023 EBITDA to be in the range of £1.00bn-£1.05bn supported by robust operational controls.
From this page: https://www.entaingroup.com/investor-relations/regulatory-news/
https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4383139&lang=en-GB&companycode=lu-gvc&v=newdesign
It starts
Post the summer, Online Net Gaming Revenue (NGR) has been mixed across the Group, but in aggregate, softer than anticipated. Q3 Online NGR growth is now expected to be up high single-digit percent, and down high single digit percent on a proforma basis. Key drivers include:
· Adverse sporting results impacting sports margins during September
· Group wide implementation of industry leading safer gambling measures and ongoing regulatory headwinds persisting longer than expected, particularly in the UK
· Slower growth than expected in Australia and Italy
· Good underlying Online growth (ex-regulatory impacts) as evidenced by further strong proforma growth in active customers across the quarter
· Strong performance from recent acquisitions, particularly SuperSport in Croatia
· Robust performance across Retail
· BetMGM in the US continuing to perform well: on track to deliver positive EBITDA in the second half of 2023; FY2023 NGR at the upper end of $1.8-$2.0bn guidance; and the successful rollout of Single Account Single Wallet, as well as online sportsbook enhancements supporting strong start to the NFL season
We now expect Group Online NGR for FY2023 to be up low double-digit percent with proforma NGR down low single digit percent. We reiterate our expectations for FY2023 EBITDA to be in the range of £1.00bn-£1.05bn supported by robust operational controls.
From this page: https://www.entaingroup.com/investor-relations/regulatory-news/
Basically, too many winning punters (too many winning favs) and not enough punters (GC and all that malarkey).
Circle 3rd of November on your calendar for next update.
Circle 3rd of November on your calendar for next update.
We now expect Group Online NGR for FY2023 to be up low double-digit percent with proforma NGR down low single digit percent. We reiterate our expectations for FY2023 EBITDA to be in the range of £1.00bn-£1.05bn supported by robust operational controls.
What a load of old codswallop.
What a load of old codswallop.
codswallop how sparrow?
(confession, City background, have been reading these things since I was a wet-behind-the-ears graduate).
(confession, City background, have been reading these things since I was a wet-behind-the-ears graduate).
Just my lack of education I expect. Perhaps they just don't want the majority of people to understand what on earth they're talking about. Utter bloody nonsense in truth.
· Group wide implementation of industry leading safer gambling measures and ongoing regulatory headwinds persisting longer than expected, particularly in the UK
Translation of that bullet-point ^ just for you sparrow
We implemented Affordability Checks voluntarily and way, way sooner than we had to. Additionally we (voluntarily) set them at a far lower level than was necessary (some might say we set them at a Draconian level). Having done that, the gambling review has dragged on and on, with delay after delay after delay, leaving us stuck in the ridiculous position that we chose to put ourselves into, for far longer than anticipated. This has cost us a bleedin' fortune in the short term.
Translation of that bullet-point ^ just for you sparrow
We implemented Affordability Checks voluntarily and way, way sooner than we had to. Additionally we (voluntarily) set them at a far lower level than was necessary (some might say we set them at a Draconian level). Having done that, the gambling review has dragged on and on, with delay after delay after delay, leaving us stuck in the ridiculous position that we chose to put ourselves into, for far longer than anticipated. This has cost us a bleedin' fortune in the short term.
sparrow I think more a case of 'jargon' in the best sense - specific words that mean specific things to people in a particular industry or profession. They cannot use terms that are not 100% tightly-defined in communications to investors.
NGR - net gaming revenue - basically the money they make out of betting/gaming, including costs of promos like free bets and BOG, but not the underlying costs of running the business.
EBITDA - earnings before interest, taxes, depreciation and amortisation - basically the profit they make from what they do, including all the day-to-day costs of running the business, but before all the things listed (which can wildly skew reported profit from year to year).
NGR - net gaming revenue - basically the money they make out of betting/gaming, including costs of promos like free bets and BOG, but not the underlying costs of running the business.
EBITDA - earnings before interest, taxes, depreciation and amortisation - basically the profit they make from what they do, including all the day-to-day costs of running the business, but before all the things listed (which can wildly skew reported profit from year to year).
I think that's a reasonable summary TM, and not just for Entain.
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