The owner of Bet365.com pocketed $1,000,000 every day in 2017

[onrise]

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.

The only thing probably putting this post would be that gambling owners at the end of the day make huge money and this money is nothing but people like us who gamble and lose it. So probably want to let everyone aware that do not waste your money on gambling as house will always have the edge and make us poor and owner the rich.

[maydna]

The house will get the benefit from gambling, and we don't know how much the money the owner can get. And if the gambling site/place was getting popular, then it means more money the owner will get. Although he spends much money to maintain his site/place, he still gets more money, and it's a big business that attracts people who have a lot of money.

[bering]

Casinos were made to print money and i think it is common if the house can get huge profit from their players especially the house with trustable reputation because i'm sure people are willing to spend their money through them but the statistics can make other gambling sites jealous because some of unpopular betting sites has been sutting down because lack of costumers

[justdimin]

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

Honestly, the children addiction is basically one huge problem that we are beginning to see now, and it even gets worst with blockchain gambling since of course, KYC is not a thing, and age cannot easily be tagged, since you can decide to remain anonymous with blockchain gambling.

The truth of it all here is that people need to realize that even if they want to gamble, it only take huge luck to win, and since the most people carting away with the sad souls money as mentioned by the OP are the owners of the platforms, the necessity to be rethinking approach to gambling or staying away seems to me as something people should be more concerned about now.

[SyGambler]

while it's true that the house always wins , but doesn't mean that there is no professional gamblers who can drain the house

have you ever asked yourself why do bet365 limit and block thousands of accounts ?? cause there are actually smart gamblers that can make bet365 bleed to death if they were allowed to keep betting with the regular limits

so if they could actually beat these gamblers they would be more than happy to keep taking their bets

so basically these bookies are making this fortune from people who are either addicted or just betting for the fun without even knowing what they are doing

[pixie85]

That's a lot of taxes paid to the state. I know it's an incredible amount of money, but other casino owners are also rich. Think of how much the owners of PrimeDice had to make if they held some of the profits in Bitcoin since 2013. People were playing and losing hundreds of coins, but the coins were worth $20 each at the time. Not $20000. Gambling always used to be great for the house but in crypto it had its golden years.

[drlukacs]

I don't know what will she do with that much money. LOL. Every morning, she will have to spend hours to think what will she do with $1m transferred to here account everyday ). I know that the house is always win but this number is incredible.

[Patatas]

You do know right the profits quoted there are without the taxes and money they put in for the promotions? They're like a multinational organization with proper infrastructure and a business model. You aren't considering the fact that in the same year every day 100's of players won insane bets too.

[Vishnu.Reang]

You can never blame someone for his success. He made his money because there are people out there who would gamble away their money. If you close down Bet365, then these gamblers will move under-ground, and this will be even more dangerous.

[onrise]

You can never blame someone for his success. He made his money because there are people out there who would gamble away their money. If you close down Bet365, then these gamblers will move under-ground, and this will be even more dangerous.

This thread should help all the gambling addictions to make them understand that all the money they lose helps the owners to make so much money per day and in return what you get is nothing only health issues, mental stress or problem in relations ships if you continuously keep gambling.

[coinplus]

Probably this would open the eyes of gamblers to the fact that the only set of people who are really making money here are the owners of the gambling platforms and the casinos. As a gambler, you are only just basically paying your dues and being emotionally self-manipulated to paying more to keep gambling while you keep enriching the pocket of the owners.

For those who keep thinking they will be making shit loads of money from gambling, they really need to think again before approaching gambling or betting with that mentality.

[darkangel11]

You can read in the article that she was one of the wealthiest people in the country even before she bought the domain and started the casino. There's this old saying that money makes money. It's really hard for a normal poor guy to make a million dollars at all, and especially 1 million per day, but it's nothing special if you already have billions at your disposal.

[dead_m92]

Haha this is incredible.

I can not even understand how there are too many people in this world that can easily have a million dollars in less than 24 hours.

Anyway, this isn't new at all, we ALL know how casinos works.

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

Incredible.

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

[avikz]

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!

The house always wins - That's true! Because like any other business, gambling is also a business and it needs profit to keep the operations going, to keep paying the salaries to their employees or to sustain the overheads. Why don't you say the same thing when government imposes more than 100% tax on many regular products? Lets assume a scenario of a simple toothpaste which is a regular product for us,

Tax 1: Tax on the raw material
Tax 2: Production tax
Tax 3: Transport tax
Tax 4: Sales tax

In some cases, these cumulative tax goes beyond 100% of the production value. Why are you not saying the same thing for government then? The house always wins doesn't necessarily means that all gamblers loose their money! There are winners as well and people pay out of their pocket for entertainment! Gambling is not a money making method, it's a form of pure entertainment!

[Juggy777]

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.

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

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.

I see this post is more about shaming the owner than the popular topic of discussion 'the house always wins'. I believe the line 'the house always win is cliche' as I have seen many bitcoins users emptying the wallets of casino sites.

I am really baffled Mark who sold our data to make money is a Saint, and she who doesn't forces people to play is the devil are you for real? I feel gambling is just like another business, if one gets addicted and looses it's their fault not the sites fault.

[swogerino]

while it's true that the house always wins , but doesn't mean that there is no professional gamblers who can drain the house

have you ever asked yourself why do bet365 limit and block thousands of accounts ?? cause there are actually smart gamblers that can make bet365 bleed to death if they were allowed to keep betting with the regular limits

so if they could actually beat these gamblers they would be more than happy to keep taking their bets

so basically these bookies are making this fortune from people who are either addicted or just betting for the fun without even knowing what they are doing

Exactly that. If you browse in google for "bet365 limited my account" you will come across a hundred web pages and forums with the same complain and strangeness of something like " bet365 limited my account but I didn't do anything wrong"

If you have the patience to read those forums you will come to the conclusion that is better to play in crypto casinos where limiting of the account is almost not existent.

[Betwrong]

while it's true that the house always wins , but doesn't mean that there is no professional gamblers who can drain the house

have you ever asked yourself why do bet365 limit and block thousands of accounts ?? cause there are actually smart gamblers that can make bet365 bleed to death if they were allowed to keep betting with the regular limits

so if they could actually beat these gamblers they would be more than happy to keep taking their bets

so basically these bookies are making this fortune from people who are either addicted or just betting for the fun without even knowing what they are doing

Exactly that. If you browse in google for "bet365 limited my account" you will come across a hundred web pages and forums with the same complain and strangeness of something like " bet365 limited my account but I didn't do anything wrong"

If you have the patience to read those forums you will come to the conclusion that is better to play in crypto casinos where limiting of the account is almost not existent.

I don't know if that is the case. Are there really so many sports bettors who play so well that they can constitute a menace to a casino? Why don't they simply play on other sites which don't block them then? I think that with more than 35 million customers globally all those profits look possible without any form of cheating. And regarding the hundred web pages with complaints, that's what you get with so many users normally.

[Pab]

Haha this is incredible.

I can not even understand how there are too many people in this world that can easily have a million dollars in less than 24 hours.

Anyway, this isn't new at all, we ALL know how casinos works.

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

Incredible.

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

Ha ha you don't understand .i don't understand  all that ico scams generated mln of dollars so easy in few days
At least Bet365 is providing service with so many customers
The only one thing is that they are suspending accounts if somebody is wining

[SyGambler]

while it's true that the house always wins , but doesn't mean that there is no professional gamblers who can drain the house

have you ever asked yourself why do bet365 limit and block thousands of accounts ?? cause there are actually smart gamblers that can make bet365 bleed to death if they were allowed to keep betting with the regular limits

so if they could actually beat these gamblers they would be more than happy to keep taking their bets

so basically these bookies are making this fortune from people who are either addicted or just betting for the fun without even knowing what they are doing

Exactly that. If you browse in google for "bet365 limited my account" you will come across a hundred web pages and forums with the same complain and strangeness of something like " bet365 limited my account but I didn't do anything wrong"

If you have the patience to read those forums you will come to the conclusion that is better to play in crypto casinos where limiting of the account is almost not existent.

I don't know if that is the case. Are there really so many sports bettors who play so well that they can constitute a menace to a casino? Why don't they simply play on other sites which don't block them then? I think that with more than 35 million customers globally all those profits look possible without any form of cheating. And regarding the hundred web pages with complaints, that's what you get with so many users normally.

yeah that's the case , there are thousands of professional sports bettors and they aren't welcome in bet365 or any other famous fiat site
so they can move to other sites , but they will get limited as well 
the only well known site that doesn't limit winners is pinnacle , so it's kinda the only bookie that professionals use ( and of course exchanges since the site is making money anyway )

that's why at first I thought that bitcoin gambling can be great , but it seems that even bitcoin sportsbetting sites limit the winners at some point

[Ranly123]

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.

These really makes some sense. Gambling house is always the winner or else nobody would dare invest in a casino with only lossing end.  I think it's only natural in a business where the owner is always looking for profit and it's just a success for dennise Coates to earn such big amount.