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

1 Ladbrokes Suffers Worst Cheltenham Festival In Memory

Ladbrokes suffers worst in memory
bit.ly
21 April 2016
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Bookmaker Ladbrokes has actually said this promotion code year's Cheltenham Festival was its "worst in living memory".

All bookies were hit by a string of favourites winning at the celebration, however Ladbrokes likewise argued that rivals were providing bets at levels that did not make company sense.

Ladbrokes also confirmed that it has a ₤ 3m liability if Leicester City win the Premier League.

Despite this promotion code, the company stated it had actually seen a motivating start to the yohaig code year.
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Revenue was more than 10% greater.
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President Jim Mullen said: "At Cheltenham we were advised of the extreme competition with offers and prices at levels which, in our view, deserted bookmaking principles.
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"We completed difficult however declined to pursue unsustainable strategies."
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He informed the BBC gambling was for his customers, not his organization: "I have actually always said we remain in the gaming company, we do not gamble ... I believed Cheltenham was a race to the bottom."

The company 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 stated it was "positive" that its outcomes would remain in line with expectations.

'Recreational punter'

In 2015 Ladbrokes revealed strategies to combine with its smaller rival, Coral.
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UK competitors authorities are presently looking at the bet9ja's welcome offer.

Steve Clayton, analyst at Hargreaves Lansdown stockbrokers, stated the latest trading statement from Ladbrokes was motivating, but the genuine issue was whether the merger with Coral would be allowed: "A merged Ladbrokes and Coral will have a dominant retail position, even if lots of shops have actually to be offered off.

"We expect significant expense saving will be possible due to the fact that there will be vast areas of overlap and unnecessary duplication of functions across the combined service."

Ladbrokes is pursuing a different method to that of its competitors by concentrating on customer care and the periodic punter, who will not always hunt for the yohaig code finest odds.
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Mr Clayton said: "The bookie's strategy is to focus on the 'leisure punter', in other words the still soft and malleable, unhardened bettors out there.

"These individuals do not understand what the ideal chances need to be, so it is simpler to build a fat win margin into the bookmaker's terms."
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