Man of Honour
Some of my family & friends will be happy but I'm going to sound cynical.
I can imagine the meeting "How can I make another 265 million?"
"You might have to dish several million out."
bet365 boss pays herself £265 MILLION
- Thread starter BoyceyLDN
- Start date
Some of my family & friends will be happy but I'm going to sound cynical.
I can imagine the meeting "How can I make another 265 million?"
"You might have to dish several million out."
Associate
- Joined
- 24 Apr 2012
- Posts
- 1,317
Bookmakers do ban/restrict winners.
I used to work as a football trader for one.
We can have hundreds of fixtures (including Ukrainian youth football, Vietnamese youth football etc.) with hundreds of markets. Do you honestly think we get the odds correct in every one?
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I've always been fascinated about bookies odds and how fast they update. How do they do it so quickly? Do they have armies of 400IQ traders with little hand terminals watching the games and updating them every second?
Man of Honour
It just shows how Gamblers are addicted.
My Dad just rang me and then started to tell me he's now betting on dogs and he's got £170 to play with
My Dad just rang me and then started to tell me he's now betting on dogs and he's got £170 to play with
Associate
- Joined
- 24 Apr 2012
- Posts
- 1,317
Companies (most well known is called Runningball) send scouts to watch games and they have some sort of device that they input events into which then gets fed back to the bookmakers.
Caporegime
That is an absolutely astonishing amount of money. It boggles the mind thinking what you could do with it!!
I think that sort of money should only belong to a very.... emotionally stable (read: atypically unemotional) sort of person, as it would just put a weak mortal like me into an existential crisis spin!
Associate
I was considering applying there, I think they are in Newcastle (Stoke). Maybe I should have followed though lol.
Caporegime
Tbf, she gives a hell of a lot of it away.
Soldato
She paid herself £1.2m a day. In the big scheme of things, even giving away half would not be a hell of a lot considering how much she earns.
yep, and there are far worse slippery-Teflonesque-nontaxers.
I still think it should be, nobody needs 400mil.... a year.
tax also needs to be far more transparent and less of a dark art.
that money could change the lives of 1000’s of people per year. But the super rich need a 150m super yacht.
As much as people complain about her wealth, she's built that business to what it is today.
This is certainly one of those 'don't hate the player, hate the game' scenarios. At the end of the day whole betting industry is set up just to take your money, you may win but you'll never 'beat' the industry, they will eventually take your money one way or another. That isn't anything new and these days all the information is out there but people clearly want spend more and more money with these firms and I don't really know why.
This is certainly one of those 'don't hate the player, hate the game' scenarios. At the end of the day whole betting industry is set up just to take your money, you may win but you'll never 'beat' the industry, they will eventually take your money one way or another. That isn't anything new and these days all the information is out there but people clearly want spend more and more money with these firms and I don't really know why.
Soldato
Step 1 own the business, profit. They are more interested in how much tax does the business pay and anything gambling related is a rich haul for the treasury because they take revenue not the normal problem with many businesses (especially foreign) declaring no profits. Im glad its a British business, whole country gets poor quick when most products are foreign sourced. The one upside to the green stuff is we import most energy so its probably healthy on multiple points, cant really argue on gambling but people are going to do it anyway.
It’s because the escapism and ‘desire / satiation’ is inherently fun, feel good inducing, which is compelling and therefore addictive. I have someone close to me in my family with a gambling problem and I would have never in a million years have thought they would suffer like that... it just can latch it’s hooks into anyone.
I suspect that many people quietly and unknowingly cause themselves intense inadvertent suffering with ‘harmless’ frequent browsing of pornography. It’s the same sort excitement in the brain that’s being triggered, but gambling has more of a stigma against it.
Caporegime
There’s tonnes of people around the world who don’t need all the money they have, but that doesn’t give us the right to take it away. I bet her own tax bill is astronomical and does a hell of a lot more than the whole of this forums income taxes combined.
does.
Her tax bill should come to around £220m on that salary.
https://www.standard.co.uk/news/uk/bet365-denise-coates-uk-biggest-taxpayer-a4344926.html
That and for some it is latching on to hope that they will win "one day" i.e. those without a lot of money in the first place.
I never gamble with real money but it can be quite a buzz which for some becomes a spiral of chasing that buzz. I used to play lottery type stuff with some games such as Somer Blink with Eve Online - seeing the blue flashing win icon pop up was easily addictive - fortunately I know how to play a disciplined game and came out on top by only playing for small iterative gains where the odds are much more in your favour - though that becomes tempting then to gamble for real :s but I know there is no guarantee of replicating that.
You mean the firms that build the £150 million super yacht needs billionaires so they can pay their staff and keep their suppliers in business.
Most people just look at the Billions and not what they do to the economy buy spending it...
Why does "need" matter here?
She's paying tax on it so it's up to her what she does with it, a large chunk of what she earns is going to the government to pay for essential services for the rest of us. She's also created plenty of employment with her business.
I don't have any issue with people earning large amounts within their lifetimes, so long as they're paying income tax etc.. I do have an issue with dynastic wealth.