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UK Bookies Suffering From Premier League Bets

UK Bookies Suffering From Premier League Bets

The large British bookmakers had a rough weekend after the top 7 teams in the premier league all won their matches. Because of this the British bookmakers has encountered losses of upwards of £30 million ($49 million) in one single round of Premier League alone.

Ladbrokes spokesman Ciaran O'Brien summed up the weekend shortly: "This is as bad a weekend as there's ever been,".

The Premier League leaders Arsenal beat Aston Villa 2-1 on Monday night, making the weekend a total bust for the bookies as they rely on the larger teams to lose or play draws in order to make money. Ladbrokes estimated that the total cost of the weekend for them was £20 million, while Coral estimated theirs to be £30 million.

Kate Miller, Spokesperson for William Hill made the following comment: "It was another 'magnificent seven' for football customers over the weekend, with the top seven in the league all hammering the bookmakers with winning results,".

Ladbrokes have announced that they will issue a report with an update on the trading for their investors on Thursday, while William Hill have announced they will do the same on Friday. Investing in gambling businesses has been subject to pressure lately in the UK as the prime minister David Cameron has expressed his concern about the fixed roulette games in the betting shops across the UK. 

News by Daniel Allermand
Daniel Allermand - Reporter

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.


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