Topic: The owner of Bet365.com pocketed $1,000,000 every day in 2017 (Read 720 times)

It's a gambling site, you don't need 'something special', gamblers will flock and go and make a bet, and if they lose bet more and they are addicted. I don't know what you mean by transparency and honestly because the house always win.

Regardless, she has built it from ground up and now she is very successful. That's why we have a saying in our local dialect, that if you wanted to be rich, build a casino.

This is an incredible amount from single gambling company. 
I guess if companies like this have transparency and honesty coded in their gambling softwares they wouldn't be making so much.
There is probably something special about the gambling sites that makes gamblers flock there on daily basis. What could that be? Does it benefit the gamblers

Not every casino has similar returns. Bet365 is big. like REALLY BIGG!. I know about many casinos and online sportsbooks that are barely managing. Heck even, directbet couldn't keep up with the high bitcoin fees and was probably why they closed 2 years back. They have an edge, but players these days have many options. In order to make money they need volume which not all casinos have these days.

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.

Is op suggesting that the owner of the gambling business is fraudulent or something?
Guess there is  something special about her gambling centers that makes  gamblers attracted to them?
I guess this is one of the reasons people should embrace the blockchain gambling

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.

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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!

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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.

I also believe in this one, just think of this idea. Why do casinos offers much like a comfortable and even grand place and freebies like water, juice, alcohol, etc. to its players even though they are winning a lot? It is because even though players won the jockpot many times, the house earned it also as many times as the winner in a row. Where do they get those high jockpots though? Maybe if someone wins, they get doubled.

I have not been into sports betting until recently, so I don't have much knowledge on the subject. If what you are saying is true, then it's very interesting, because it means that there are people who can actually make money on gambling, but they are just not allowed to. I've seen several topics started here in which OPs were asking to place bets on their behalf in various bookies because, as they were stating, they were banned because of how good they were. I've been always disregarding those statements as some kind of bullsh*t, and now it appears they could make sense?

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

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.

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.

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.

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.

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