ladbrokes-suffers-worst-cheltenham-festival-in-memory

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Ladbrokes suffers worst Cheltenham Festival in memory

21 April 2016

Bookmaker Ladbrokes has actually said this promotion code year's Cheltenham Festival was its "worst in living memory".
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All bookmakers were hit by a string of favourites winning at the celebration, but Ladbrokes likewise argued that competitors were providing bets at levels that did not make service sense.
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Ladbrokes likewise verified that it has a ₤ 3m liability if Leicester City win the Premier League.

Despite this promotion code, the stated it had actually seen an encouraging start to the year.

Revenue was more than 10% higher.
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Chief executive Jim Mullen said: "At Cheltenham we were reminded of the extreme competitors with offers and prices at levels which, in our view, deserted bookmaking principles.

"We completed hard but refused to pursue unsustainable methods."

He told the BBC gaming was for his customers, not his business: "I've always said we're in the gaming company, we don't gamble ... I believed Cheltenham was a race to the bottom."
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The business said the Grand National winner, Rule The World, which was a 33/1 shot, delivered a bet9ja's welcome offer contrast to Cheltenham.
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Ladbrokes said it was "confident" that its results would be in line with expectations.

'Recreational punter'

In 2015 Ladbrokes revealed plans to merge with its smaller sized competitor, Coral.
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UK competitors authorities are presently taking a look at the yohaig code bet9ja's welcome offer.

Steve Clayton, analyst at Hargreaves Lansdown stockbrokers, said the most recent trading statement from Ladbrokes was encouraging, but the genuine concern was whether the merger with Coral would be enabled: "A merged Ladbrokes and Coral will have a dominant retail position, even if many stores have actually to be offered off.

"We anticipate considerable cost conserving will be possible because there will be vast areas of overlap and unnecessary duplication of functions throughout the combined organization."

Ladbrokes is pursuing a different technique to that of its rivals by focussing on client service and the periodic punter, who will not always hunt for the finest odds.
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Mr Clayton said: "The bookie's technique is to concentrate on the 'leisure punter', in other words the still soft and malleable, unhardened gamblers out there.

"These individuals do not know what the best odds should be, so it is simpler to build a fat win margin into the bookie's terms."