Tag: bookmaker
William Hill issue profit warning
Further to my recent post, William Hill have issued a profit warning this morning. Other gambling related stocks have fallen in response.
You can read the full warning here: –
https://www.investegate.co.uk/william-hill-plc/wmh/trading-update/201603230700099669S
In a nutshell: –
- Time-outs and self exclusions are up
- Gross win margin is down due to European football results and also the worst Cheltenham results in recent history.
The numbers & valuation
Profits for the year are forecast to fall by up to £30m. However they would …
Life on the trading desk of a bookmaker – Pt. 3
This episode, how bookmakers trade their markets….
Click on the text for Part one and Part two.
The model
For all sports, a model kicks out the updated prices so there is no extra work involved, it’s just a case of keeping an eye on your position.
Everybody trades differently, some like to keep the liabilities very small and will tend to adjust prices regularly to balance the books, some like to take larger risks and are comfortable with …
Life on the trading desk of a big bookmaker – Pt. 2
The day came to start my new role as an ‘in-play sports trader’……
Inside the offices
The department was massive, large TV screens covered the walls, there were rows of desks with multiple screen set-ups. It looked fantastic, I knew I had made the right decision to apply for this job, I felt a buzz just from being there.
I pictured it to be like the trading floor of a stock broker’s with everyone rushing …
My life on the trading desk of a big bookmaker
Introduction by Peter
Some one recently joined me in helping prep for the new football season. His former job was on the trading desk at a big bookmaker, I thought it may be interesting for you to hear his story. With ‘Britain at the bookies’ on TV, I think it makes it even more relevant. First we start with some background: –
Life before Betfair
I left school with absolutely no idea of what I wanted to do for a …
Book%
I fielded a question from somebody recently about the book% and what information does that contain?
I’ve seen quite a few theories about what the book% can actually tell you, but here is what it tells me.
At it’s most basic level the book percentage is merely a broad measure of the market. A big number of selections will equate to a big book% and small field a small one. This is due to the spread between back and lay …
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