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Bet365 up for sale

They are considering a number of options, but the business I believe is not officially up for sale yet. But tbh I can totally understand if the family choose to sell up. The betting industry has been destroyed in this country by the GC, politicians and do gooders. Bookmakers are scared to take a bet, punters deposit limits are tiny unless they agree to intrusive checks on their affordability. Of course we need to protect the vulnerable, but that accounts for around 1% of all gamblers - of that 1% the majority of problem gambling arises from mobile gambling and online casinos, the majority of racing and sports punters are not affected. Give the 1% the help that they need and deserve - but why punish 99% who don't have an issue. Should 365 sell up, I feel it will be American money that buys it ....... others firms like Evoke and Entain will surely follow them over the next few years, there is simply no benefits in being a UK owned bookmaker these days.

Both Evoke and Entain ( possibly when in previous ownership ) were assessed by a couple of American owned gambling firms, and I firmly believe they will be circling like vultures given the current UK climate. I wouldn't put anybody tucking away some Evoke shares at around 50p ...... I have, I can't see much downside on that price.
 
I reckon this will push me closer to giving up betting.

B365 is the only firm that has never restricted me bar withdrawing special offers like the free bet if you back a 4/1 winner in a TV race but they might have withdrawn that completely anyway. I'm not sure. I'm not sure if it's just me but they longer price-match on TV races either.

I've taken more off them than off any other bookie and they've never batted an eyelid, unlike several others.

I've still never understood Boylesports restricting me to pennies pretty much from day one. I don't recall ever taking money off them.
 
Desert Orchid said:
I reckon this will push me closer to giving up betting.

B365 is the only firm that has never restricted me bar withdrawing special offers like the free bet if you back a 4/1 winner in a TV race but they might have withdrawn that completely anyway. I'm not sure. I'm not sure if it's just me but they longer price-match on TV races either.

I've taken more off them than off any other bookie and they've never batted an eyelid, unlike several others.

I've still never understood Boylesports restricting me to pennies pretty much from day one. I don't recall ever taking money off them.
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Same experience with 365.Boyles took me on for 8 months but when I started to get the better of them they restricted me to pennies.
Sean Graham were the worst by a million miles -my First bet with them was ante post and was placed at 33/1-immediately restricted to the point where they wouldn't take combination forecasts and tricasts in the Topham at Aintree.
 
Desert Orchid said:
I reckon this will push me closer to giving up betting.

B365 is the only firm that has never restricted me bar withdrawing special offers like the free bet if you back a 4/1 winner in a TV race but they might have withdrawn that completely anyway. I'm not sure. I'm not sure if it's just me but they longer price-match on TV races either.

I've taken more off them than off any other bookie and they've never batted an eyelid, unlike several others.

I've still never understood Boylesports restricting me to pennies pretty much from day one. I don't recall ever taking money off them.
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Rather than give up completely, if you still enjoy betting this could be a good time to look at alternative options. The 100 or 50 Index with spread firms could be a good option for you, or the matchbets that I prefer. I've never had a problem backing or laying with spread firms, though the number of firms have diminished significantly since I was using the Massey ratings. Back then I slowly built up the bank and reached a point where I was regularly staking £600 per matchbet, and never had any problems. We only have Sporting Index and Spreadex now as far as I can see, and they are under same ownership, so there probably won't be quite as much liquidity now.
 
Desert Orchid said:
I reckon this will push me closer to giving up betting.

B365 is the only firm that has never restricted me bar withdrawing special offers like the free bet if you back a 4/1 winner in a TV race but they might have withdrawn that completely anyway. I'm not sure. I'm not sure if it's just me but they longer price-match on TV races either.
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Same for me.

I don’t get those offers either or the free bets they used to give out regularly, but I assume they have been withdrawn altogether - possibly worried about Gambling Commission view of them.
 
Nursed my 365 account for years,then had a query, which caused them to investigate,then put the kibosh on that.
Done with Wm Hill too,as 4 days to complete a wtihdrawal that others do in 4 hours is just plain unreasonable.
 
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reet hard said:
Nursed my 365 account for years,then had a quebrake onry which caused them to investigate,then put the kibosh on that.
Done with Wm Hill too,as 4 days to complete a wthdrawal that others do in 4 hours is just plain unreasonable.
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Maybe it depends on who you bank with. I withdrew money from William Hill twice recently and it came through within a couple of hours.
 
NumberCruncher said:
Rather than give up completely, if you still enjoy betting this could be a good time to look at alternative options. The 100 or 50 Index with spread firms could be a good option for you, or the matchbets that I prefer. I've never had a problem backing or laying with spread firms, though the number of firms have diminished significantly since I was using the Massey ratings. Back then I slowly built up the bank and reached a point where I was regularly staking £600 per matchbet, and never had any problems. We only have Sporting Index and Spreadex now as far as I can see, and they are under same ownership, so there probably won't be quite as much liquidity now.
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Thanks, NC. I did experiment with spreads some years ago but worked out that they weren't offering the same value as the fixed odds markets once they started going six and more places in the big races and offering BOGs etc.

I might have another look.
 
Desert Orchid said:
Thanks, NC. I did experiment with spreads some years ago but worked out that they weren't offering the same value as the fixed odds markets once they started going six and more places in the big races and offering BOGs etc.

I might have another look.
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I did spread betting on horses over 20 years ago -it just isn't the same.I also lost 3K betting on the FTSE 100-that was a hard lesson.
 
Getting back to 365-they got rid of best odds on all televised races just under a year ago.I was never elegible for boosts or superboosts until about 6 weeks ago.I've also noticed they are trying to push me towards casino type games-I wonder if this is a strategy pre sale -to get as many as possible playing casino games which are the crack cocaine of the gambling industry.
 
Bet365 let me get £8,000 in front before they restricted me and tbh that makes them historically better than most in my experience.

They've tightened up since.

There are three barriers to winning at this game.

Finding profitable selections - that's the easy bit.

Getting on - much harder.

Getting paid out - eventually the hardest of all.
 
Assuming 365 do sell up, you can guarantee that the product will see a complete overhaul by their new owners - particularly if it is by an American buyer. The free bets - superboosts - cash back - 2 goals up and be paid - numerous place markets on the same race etc etc etc etc will all be gone. Punters will suffer, that is certain. I really don't blame the Coates family for considering the sell off, the difficulties that bookmakers face from the government and the GC are ridiculous, the size of the fines handed out are insane, people are losing their jobs over this - and you don't hear of that. I'm a fairly short price that in a few years time there will be no UK owned major bookmaker on our High Street and the politicians don't seem to give a damn.
 
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