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Author Topic: The owner of Bet365.com pocketed $1,000,000 every day in 2017  (Read 449 times)
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November 22, 2018, 08:28:11 AM
 #1

Whilst gamblers are struggling to make ends meet, or trying to decide which NBA team would win, or how many points they will score in total, or whether Barcelona or Real Madrid will win the next game etc. etc. you should take a look at this:

https://www.theguardian.com/business/2018/nov/21/bet365-denise-coates-paid-herself-an-obscene-265m-in-2017

Denise Coates, the owner and founder of Bet365.com - took $1,000,000 every day into her pocket - in the year of 2017.

That is $365,000,000 in the entire year, or £265,000,000 in British Pound (average of $1.37 per GBP in 2017 which is more or less the average GBP/USD for that year).

And she took around $900,000 every day in the year of 2016.

-----------------------------------------------------------------------

Now let's ask you this - who is the real beneficiary from gambling? Is it the gambler or the house?
Does she need to risk $3,000 on an NBA game deciding whether the score would be over or under the line? Does she need to spin a roulette or count the blackjack cards?

No, she didn't have to do all this!

The house always wins...! it does!

But you probably didn't imagine how big those house winnings are!

-----------------------------------------------------------------------

Next time you think of placing a bet or gamble - if you truly want to get rich - open a casino or a website.....

BUT

If you want to be fair, just and not unscrupulous - choose a different field... we work in the online advertising industry, we try to avoid the promotion of gambling sites because we know it's going to cause harm to people ....

The gambling industry is bad, full of corruption and greed, and you can see a lady getting $1 million dollars every day and yet this is not enough for her.

Be happy with what you have, appreciate what you have, enjoy your life, enjoy what you have, because true happiness comes from within and not from this.

And as for this lady - she may be wealthy, but she is wealthy because she has emptied the pockets of many sad souls, this is not a good way to be rich .... not at all ..... if she was like Mark Zuckerberg - good for her, but getting rich like this - is quite despicable.

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November 22, 2018, 09:27:22 AM
 #2

Shocking
I think Bet365 has also some casino offers
Never mind.The same Bet365 and others bookies are suspending punters accounts when they are wining
Some punters very well  know what that game is about thanks years of practice  heavy work and technology what is helpful
I know horse racing punter all his bookies account was suspended because he was able to make some money

Next shocking is children addiction to gambling
Over 55000 children in UK have gambling problems
Sometimes they are using his parents credit cards
Colorful slots and aggressive marketing
That number jumped from 16000 last year

 
 

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November 22, 2018, 09:51:14 AM
 #3

Shocking
I think Bet365 has also some casino offers
Never mind.The same Bet365 and others bookies are suspending punters accounts when they are wining
Some punters very well  know what that game is about thanks years of practice  heavy work and technology what is helpful
I know horse racing punter all his bookies account was suspended because he was able to make some money

Next shocking is children addiction to gambling
Over 55000 children in UK have gambling problems
Sometimes they are using his parents credit cards
Colorful slots and aggressive marketing
That number jumped from 16000 last year


The rich gets richer and the poor gets poorer (and addicted).

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November 22, 2018, 09:51:21 AM
 #4

So in other newly news, in gambling the winner is the casino.

Incredible.

You got any more newly news we don't know?

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November 22, 2018, 10:13:17 AM
 #5

It is always the house, I know that bet365 beside sports offer also casino games and they have a few percentage of house edge, 1-3% in most cases. So gambling is for the owners 100% of the time but someone might win a jackpot once in a long while and only that someone has won something from gambling, all others have lost money which has gone to this Denise Coates pocket.

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November 22, 2018, 10:35:34 AM
 #6

So in other newly news, in gambling the winner is the casino.

Incredible.

You got any more newly news we don't know?

I think you missed the point.
Most people know (or at least heard the phrase) that the house always wins.

However very few realize how big are those winnings, perhaps if they would take news like this into account it would dissuade them from gambling or from thinking they "can beat the house".

And regardless of this specific point - taking so much money like this is not something to applaud, this comes over the expense and misery of people who if they could wouldn't be in their current spot in the first place, but the "house" took the best of them.

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November 22, 2018, 10:42:43 AM
 #7

Everytime company wins, becouse there are many users so if some of them even win most of them lose and even winer lose at the end if we talk about online gambling as winner bet again and again to make more but at least he lose everything.


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November 22, 2018, 10:42:48 AM
 #8

I think you missed the point.
Most people know (or at least heard the phrase) that the house always wins.

However very few realize how big are those winnings, perhaps if they would take news like this into account it would dissuade them from gambling or from thinking they "can beat the house".

And regardless of this specific point - taking so much money like this is not something to applaud, this comes over the expense and misery of people who if they could wouldn't be in their current spot in the first place, but the "house" took the best of them.


Sure but it means you should just make gambling illegal. As soon as it's legal it means some people will extort money from others. That's the very basic nature of gambling.

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November 22, 2018, 11:33:19 AM
 #9

We all know that the gambling industry can be... morally questionable, but at the end of the day, it is an industry and in fact one of the oldest ones around.

You can ignore and ban it on ethical grounds, it will still thrive and underground, gamblers will be unprotected. Or you can choose to run the industry properly, fairly and giving players transparency with how things are while also implementing measures to prevent addiction.

I choose this, because I love gambling. And I like how Bitcoin casinos are fair and transparent. They chose to make money, it's for sure not worse than countries going to war to provide employment.

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November 22, 2018, 11:51:53 AM
 #10

And as for this lady - she may be wealthy, but she is wealthy because she has emptied the pockets of many sad souls, this is not a good way to be rich .... not at all ..... if she was like Mark Zuckerberg - good for her, but getting rich like this - is quite despicable.

And getting rich like Mark Zuckerberg isn't morally questionable? He's getting rich by selling people's personal information to advertisers, totally disregarding their privacy, even sharing their freaking phone numbers gathered through their 2FA.

Facebook is also made to be very addictive. Social media can also ruin people's lives. Okay, maybe not to the same extent as gambling websites, but it's still morally questionable.

If gambling would be made illegal, there would still be casinos around. Only, they would not follow any regulations and people wouldn't be as protected as they are today (from bad practices).

That woman has every right to pay herself that kind of salary, she started a legitimate business and is making a profit from that.

Do you think every store owner is immoral, because they sell alcohol to possible addicts?

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November 22, 2018, 12:01:45 PM
 #11

I saw this on the news & it doesn’t really bother me at all. She’s built a hugely successful business, if she can afford to pay herself that much then why not. I don’t get why people are moaning about it & getting jealous etc.
I saw people online saying she should put money into helping addicted gamblers, why the hell would she do that, it’d make her company earn less.

Good for her I say!

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November 22, 2018, 12:44:14 PM
 #12

I saw this on the news & it doesn’t really bother me at all. She’s built a hugely successful business, if she can afford to pay herself that much then why not. I don’t get why people are moaning about it & getting jealous etc.
I saw people online saying she should put money into helping addicted gamblers, why the hell would she do that, it’d make her company earn less.

Good for her I say!

Ok no problem business is business but run honest honest business
If people win on sport betting than pay people instead of suspending accounts
Bookies are able to spy successful tipsters and lower odds on  his bets

Notice 265 mln is only BET365 bookie do you think others are performing worse
Wiliam Hill has been found guilty of ML.16 mln penalty not so much for them customers will pay
Ladybrokers the same case of ML 20 mln pound penalty
Any criminal case

I will even not say nothing about manipulating odds and different betting rules with famous
Rule 4

 
 

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November 22, 2018, 12:59:05 PM
 #13

And as for this lady - she may be wealthy, but she is wealthy because she has emptied the pockets of many sad souls, this is not a good way to be rich .... not at all ..... if she was like Mark Zuckerberg - good for her, but getting rich like this - is quite despicable.

And getting rich like Mark Zuckerberg isn't morally questionable? He's getting rich by selling people's personal information to advertisers, totally disregarding their privacy, even sharing their freaking phone numbers gathered through their 2FA.

Facebook is also made to be very addictive. Social media can also ruin people's lives. Okay, maybe not to the same extent as gambling websites, but it's still morally questionable.

If gambling would be made illegal, there would still be casinos around. Only, they would not follow any regulations and people wouldn't be as protected as they are today (from bad practices).

That woman has every right to pay herself that kind of salary, she started a legitimate business and is making a profit from that.

Do you think every store owner is immoral, because they sell alcohol to possible addicts?

Nobody is saint in this world, and everybody got some skeletons, nobody's perfect.
So a store owner might sell alcohol to someone who should stay away from it - is it good? No, but how many incidents like this could occur? Definitely not a scale of $1,000,000 NET PROFIT per day, right?

I have no problem with her taking a salary, I have a problem with the HOW she makes it. For instance: tactics of delaying withdrawals, asking customers for more and more documents, freezing user accounts for "investigation" that takes over 1 year, and worse of all - getting main profit from addicts who cannot stop throwing away their money.

The way she's getting her salary is via unscrupulous means. Are these legitimate? They are legit but unscrupulous.

And forget about Facebook, would you say an average Joe, a teacher, is getting a salary for doing something less legitimate than this?
What about a construction builder?
An engineer?

Are these jobs just as good as hers? You don't see any difference?


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November 22, 2018, 02:25:07 PM
 #14

I don't get the point of this post. Are you trying to tell us that casinos and sportsbooks make money ?
Because, if you are trying to, that's already a very widely known thing, it is not something people hide? I mean casinos do have a house edge that they literally tell you about or sportsbooks do have odds that they share you with and all of those have a bigger chance for casino to make money.

This is not some "maybe you will be rich" type of Hollywood movie, people know that they will lose their money if they play for long enough time. They will tell you that you are going to lose in the long run.

Nevertheless, people believe that once in a life time deal, maybe just once, only once, they will hit big and become rich. No one believes they can constantly beat the casino but maaaybe they can get them only once for a big win like a huge jackpot and got away with it.
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November 22, 2018, 05:16:12 PM
 #15

I don't get the point of this post. Are you trying to tell us that casinos and sportsbooks make money ?
Because, if you are trying to, that's already a very widely known thing, it is not something people hide? I mean casinos do have a house edge that they literally tell you about or sportsbooks do have odds that they share you with and all of those have a bigger chance for casino to make money.

This is not some "maybe you will be rich" type of Hollywood movie, people know that they will lose their money if they play for long enough time. They will tell you that you are going to lose in the long run.

Nevertheless, people believe that once in a life time deal, maybe just once, only once, they will hit big and become rich. No one believes they can constantly beat the casino but maaaybe they can get them only once for a big win like a huge jackpot and got away with it.

People are not losing in long run on sport betting
Sport betting is about reading stats
Based on that punters are wining in long term
Problem is when punters are wining bookies are suspending accounts
One guy last time won 100/1 on horse racing
his stake was 100  pounds
Bookie paid him after 10 days when case was famous and press was writing about that
So bookie had only two choices or pay or risk to lose customers

Other thing is that UK gov doesn't care of children protection
If shop owner will sell alcohol to kids than he will face big problems
Bookies are holly caws and they know about it

 
 

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November 22, 2018, 06:38:30 PM
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 #16

I don't get the point of this post. Are you trying to tell us that casinos and sportsbooks make money ?
Because, if you are trying to, that's already a very widely known thing, it is not something people hide? I mean casinos do have a house edge that they literally tell you about or sportsbooks do have odds that they share you with and all of those have a bigger chance for casino to make money.

This is not some "maybe you will be rich" type of Hollywood movie, people know that they will lose their money if they play for long enough time. They will tell you that you are going to lose in the long run.

Nevertheless, people believe that once in a life time deal, maybe just once, only once, they will hit big and become rich. No one believes they can constantly beat the casino but maaaybe they can get them only once for a big win like a huge jackpot and got away with it.

Firstly, people are not aware HOW MUCH 1 single person makes in this industry, it's not obvious to see someone making so much ... and it's definitely not taken for granted by the average Joe who might be addicted to gambling.

Also, as Pab said - this lady represents a company that made punters go through hell to claim their winnings ... and it wasn't because of a due diligence check, it was because the punter plays in the house, and the house sets the rule - Bet365 froze many accounts and they are not a "saint" company.

All in all - it's important to discuss this, it's definitely not some "boring" information that is meaningless and worthless.

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November 22, 2018, 08:45:08 PM
 #17

And as for this lady - she may be wealthy, but she is wealthy because she has emptied the pockets of many sad souls, this is not a good way to be rich .... not at all ..... if she was like Mark Zuckerberg - good for her, but getting rich like this - is quite despicable.

And getting rich like Mark Zuckerberg isn't morally questionable? He's getting rich by selling people's personal information to advertisers, totally disregarding their privacy, even sharing their freaking phone numbers gathered through their 2FA.

Facebook is also made to be very addictive. Social media can also ruin people's lives. Okay, maybe not to the same extent as gambling websites, but it's still morally questionable.

If gambling would be made illegal, there would still be casinos around. Only, they would not follow any regulations and people wouldn't be as protected as they are today (from bad practices).

That woman has every right to pay herself that kind of salary, she started a legitimate business and is making a profit from that.

Do you think every store owner is immoral, because they sell alcohol to possible addicts?

Nobody is saint in this world, and everybody got some skeletons, nobody's perfect.
So a store owner might sell alcohol to someone who should stay away from it - is it good? No, but how many incidents like this could occur? Definitely not a scale of $1,000,000 NET PROFIT per day, right?

I have no problem with her taking a salary, I have a problem with the HOW she makes it. For instance: tactics of delaying withdrawals, asking customers for more and more documents, freezing user accounts for "investigation" that takes over 1 year, and worse of all - getting main profit from addicts who cannot stop throwing away their money.

The way she's getting her salary is via unscrupulous means. Are these legitimate? They are legit but unscrupulous.

And forget about Facebook, would you say an average Joe, a teacher, is getting a salary for doing something less legitimate than this?
What about a construction builder?
An engineer?

Are these jobs just as good as hers? You don't see any difference?



Why does the scale of her daily wage matter?

I'm sorry, but there are enough people who are perfectly capable of gambling without getting addicted. She's just providing a service that has wide demand.
Anyone who is selling addictive products or services is just as "guilty" as her.

People are responsible for their own well-being. If you get addicted to gambling, it's your own responsibility to fix that.

Got any proof of these tactics that you mention? Are they delaying withdraws, asking for documents, freezing accounts etc because they want to make it as difficult as possible for customers to get money out - or are they required to do so by law?

Again, I don't see anything wrong with running a successful gambling website and getting huge profits from that.

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November 22, 2018, 09:01:50 PM
 #18

Also, as Pab said - this lady represents a company that made punters go through hell to claim their winnings ... and it wasn't because of a due diligence check, it was because the punter plays in the house, and the house sets the rule - Bet365 froze many accounts and they are not a "saint" company.
She exploits that players love to drive cars without insurance. If you habitually drive cars without insurance, then one day you possibly will have to pay the price.

If car insurances do not exist, there is nothing you can do. If car insurances exist and you do not use it (even cost free), than you are part of the problem!

Yes, she is an unethical person exploiting the wrongdoing of players! But the players are partially guilty as well, acting as single fighters.


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November 23, 2018, 12:07:54 AM
 #19

I'm not quite sure what the purpose of the Op's post is? The Bet365 business is a revenue generating machine and yes many people have lost everything to gambling however you could begin to question the morals of so many organisations. The makers of the soft drinks with all that shit that is in them, fast food outlets who serve up crap, sweet manufacturers, the tobacco industry, alcoholism, the list goes on.
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November 23, 2018, 01:30:19 AM
 #20

Revenue of 2.3 billion.  Thats no small company and its family run it appears which means instead of the normal scenario of banks taking over business or bond holders getting rich, its an worker owner.  I dont mind free enterprise, its open to anyone and I thought with a women collecting this people might be happy for once its a slightly different fat cat.

Quote
took $1,000,000 every day into her pocket - in the year of 2017

Really do I mind, because thats 1 million on a pay cheque just before the taxes and all sorts get deducted.   Thats a pretty high rate of tax in the UK so alot of this money is going to the much needed debt problem the UK gov has

Same as someone driving down the street in a Porsche even if they just own it to show off, that dude paid 20% taxes on the sticker price just to own that car.  He probably sells in a few years anyway and because its a well made car, someone else is getting a nice car at a nice price.  
It dont really do any of us any good in society rich or poor if you put down the people who get sucess in life.  That isnt making me richer, you only have to look at extreme economies where socialism prevents personal profit and you see it has only made all of them equally poor.  Except for that political elite who always sit on top, more equal then all other :p

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