Ladbrokes Suffers Worst Cheltenham Festival In Memory
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Ladbrokes suffers worst Cheltenham Festival in memory

21 April 2016
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Bookmaker Ladbrokes has actually said this year's Cheltenham Festival was its "worst in living memory".
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All bookies were struck by a string of favourites winning at the yohaig code celebration, however Ladbrokes also argued that rivals were offering bets at levels that did not make organization sense.

Ladbrokes likewise verified that it has a ₤ 3m liability if Leicester City win the Premier League.
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Despite this promotion code, the business said it had seen a motivating start to the year.
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Revenue was more than 10% higher.
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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, abandoned bookmaking principles.

"We completed difficult however refused to pursue unsustainable strategies."
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He informed the BBC gambling was for his consumers, not his organization: "I've always said we remain in the betting company, we do not bet ... I thought Cheltenham was a race to the bottom."

The business said the Grand National winner, Rule The World, which was a 33/1 shot, provided a bet9ja's welcome offer contrast to Cheltenham.
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Ladbrokes stated it was "positive" that its results would remain in line with expectations.

'Recreational punter'

In 2015 Ladbrokes revealed strategies to combine with its smaller competitor, Coral.
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UK competition authorities are currently taking a look at the bet9ja's welcome offer.
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Steve Clayton, analyst at Hargreaves Lansdown stockbrokers, said the yohaig code most recent trading declaration from Ladbrokes was encouraging, however the genuine problem was whether the merger with Coral would be permitted: "A merged Ladbrokes and Coral will have a dominant retail position, even if lots of stores need to be sold.

"We anticipate considerable cost conserving will be possible because there will be large areas of overlap and unnecessary duplication of functions throughout the combined company."

Ladbrokes is pursuing a various method to that of its rivals by concentrating on and the yohaig code occasional punter, who will not always hunt for the best chances.

Mr Clayton said: "The bookmaker's strategy is to concentrate on the yohaig code 'leisure punter', in other words the yohaig code still soft and flexible, unhardened gamblers out there.

"These individuals do not understand what the best odds must be, so it is easier to develop a fat win margin into the bookie's terms."
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