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<br>Ladbrokes suffers worst Cheltenham [Festival](https://englishlearning.ketnooi.com/@yjsdarlene411?page=about) in memory<br>
<br>21 April 2016<br>
<br>Bookmaker Ladbrokes has actually said [this promotion code](https://git.deadpoo.net/tillygentle17) year's Cheltenham [Festival](https://lesla.com/@bellahillard93) was its "worst in living memory".<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>All [bookmakers](https://musiccosign.com/opal6409858687) 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](https://git.esc-plus.com/lonnieromo7403).<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>[Ladbrokes](https://englishlearning.ketnooi.com/@alvatisdale360?page=about) likewise [verified](https://git.pasarex.com/lanretzlaff651) that it has a ₤ 3m liability if Leicester City win the Premier League.<br>
<br>Despite [this promotion code](https://www.kornerspot.com/@dominikrowell3), the stated it had actually seen an [encouraging start](https://video.buzzsharer.com/@wdtalbert94952?page=about) to the year.<br>
<br>Revenue was more than 10% higher.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>[Chief executive](https://x.com/YohaigNG/status/1845872747924123782) [Jim Mullen](https://www.lizyum.com/@eunicestrother) said: "At Cheltenham we were reminded of the extreme competitors with offers and prices at levels which, in our view, deserted bookmaking principles.<br>
<br>"We completed hard but refused to pursue unsustainable [methods](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR)."<br>
<br>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."<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>The business said the Grand National winner, Rule The World, which was a 33/1 shot, delivered a [bet9ja's welcome offer](https://demo.playtubescript.com/@beverlykellogg?page=about) contrast to Cheltenham.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>Ladbrokes said it was "confident" that its results would be in line with expectations.<br>
<br>'Recreational punter'<br>
<br>In 2015 Ladbrokes revealed plans to merge with its smaller sized competitor, Coral.<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
<br>UK competitors authorities are presently taking a look at [the yohaig code](https://hwekimchi.gabia.io/bbs/board.php?bo_table=free&tbl=&wr_id=1073304) [bet9ja's welcome offer](https://www.lizyum.com/@blanchediamond).<br>
<br>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](https://islamichistory.tv/@roxanaseyler64?page=about) and Coral will have a dominant retail position, even if many stores have actually to be [offered](https://www.cupidhive.com/@maribel1052625) off.<br>
<br>"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."<br>
<br>Ladbrokes is pursuing a different [technique](http://git.chilidoginteractive.com3000/alanabevington) to that of its rivals by focussing on client service and the [periodic](https://aiviu.app/@annoconnell082?page=about) punter, who will not always hunt for the [finest odds](https://quickdatescript.com/@christydillon0).<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
<br>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.<br>
<br>"These individuals do not know what the best odds should be, so it is [simpler](https://quickdatescript.com/@jennyuzp295197) to build a [fat win](https://musiccosign.com/vancedimarco5) margin into the bookie's terms."<br>