Search results
Results from the WOW.Com Content Network
Bet365 is an online gambling company offering sports betting and casino type games. In addition to the company headquarters in Stoke-on-Trent, Bet365 have further offices in Manchester, Gibraltar, [1] Malta, [2] Bulgaria, Armenia and Australia. The group employed over 4,000 people as of 2020. [3] [4] Bet365 is a trading name of Hillside (New ...
Peter Coates was born in Goldenhill, Stoke-on-Trent, the youngest of 14 children. [2] He was brought up by his sister, Irene, after his mother died when he was two. [2] His father, Leonard was a miner and World War I veteran who had a keen interest in football, where they regularly attended Stoke City's Victoria Ground. [2]
The business borrowed £15 million from RBS against the family's betting shop estate. In 2005, these shops were sold to Coral for £40 million, which allowed Coates to pay off the loan to RBS. As of 2016, Bet365 is one of the world's largest online gambling companies, with $2 billion in revenues and facilitating $45 billion in yearly bets.
Sports betting is the activity of predicting sports results and placing a wager on the outcome. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies". The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and ...
John Fitzgerald Coates (born January 1970), is an English billionaire businessman and the joint chief executive (CEO) of online gambling company bet365 and joint-chairman of Stoke City. Early life [ edit ]
Parlay bets are paid out at odds higher than the typical single game bet, but still below the "true" odds. For instance, a common two-team NFL parlay based entirely on the spread generally has a payout of 2.64:1. In reality, however, if one assumes that each single game bet is 50/50, the true payout should instead be 3:1.
The company was founded by Harry L. Straus, a computer engineer from Baltimore, who became interested in developing a fairer system of calculating and displaying odds and payouts on parimutuel betting after an incident at a Maryland racetrack in 1927. When a horse listed at 12:1 odds won, but paid off at 4:1, Straus recognized the need for a ...
Reuters noted that as mobile gambling increased in popularity, there were increased corruption concerns about using phone hacking to game the system. [16] Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed ...