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highest paid boss in the uk

likesfish said:
definitely time for restrictions
like guns Guns are fun but unfettered access to guns is not a good thing.
Gambling can be fun but there are nearly 2 million problem gamblers in the UK I play Euromillions that said I don't play every week and can leave it.
my estate has lost its bookies and its been replaced by cafe Haylea's Cafe although internet means you dont need one anymore not that you needed one anyway.
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Aye and its the internet gambling that's more of a problem (that and the fixed terminals) - why have gambling interrupted by some banter and a cup of tea, watching the sport you bet on, physically dealing with slips and payments, and relying to a certain extent on skill and knowledge of the subject being bet on, when you can get people literally gambling on some random numbers on a screen with no interruptions, nothing to slow them down, and at any time of day or night. Same with bingo - take away the face-to-face social aspect (though keep a chat feature so you can advertise it as still being social - some of those ads make me want to smash the tv), the food and drinks, the innuendo, and any skill. The gambling industry always created addicts and profited from addiction, but now that seems to be where the main profit comes from.
 
When people who gamble insist they are "a little bit up long term" 99.9% of the time that's bollocks. I have a friend who went to Vegas who reckoned he came back "about even". Of course he did!

I've gambled for years, absolutely no doubt I am down overall. Stopped it all now though apart from a £5 accumulator I do in the bookies
 
binka said:
When people who gamble insist they are "a little bit up long term" 99.9% of the time that's bollocks. I have a friend who went to Vegas who reckoned he came back "about even". Of course he did!

I've gambled for years, absolutely no doubt I am down overall. Stopped it all now though apart from a £5 accumulator I do in the bookies
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Of the three serious gamblers I know one is part of a syndicate that takes turns to bet and he's shown me the books. They made a three figure profit last year. One has probably lost money over his life time but has discovered a talent for golf betting and has done very well in the last two to three years and the other probably loses a little and does it more for the fun than the profit. I do know any sustained winning streak is immediately met with closed accounts.
 
binka said:
Not sayings it's impossible, but as you say the genuine profit makers struggle to keep an account open. I think a lot of gamblers are in denial about how much they lose
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Yeah, he's definitely the exception. He just knows a fuck of a lot about greyhound racing.

I followed his tips for a while. Stuck £20 in an account and split it each way over 5 dogs per meet that he recommended. Got it up to about £200 before he had a bad night and I lost it all. I told him and he laughed at me and said "well, that isn't how you do it". :D. But it was quite spooky. I would say about 2/3 of his picks either won or placed.

I stuck £100 in an account at the start of the season once after reading some betting tips. Picked single football matches, didn't bet on my own team. Worked out value, rather than who I thought would win. And lost it all by about February. Haven't really bet since. The odds are stacked, think it's about 30% profit to the bookies.
 
tommers said:
Yeah, he's definitely the exception. He just knows a fuck of a lot about greyhound racing.

I followed his tips for a while. Stuck £20 in an account and split it each way over 5 dogs per meet that he recommended. Got it up to about £200 before he had a bad night and I lost it all. I told him and he laughed at me and said "well, that isn't how you do it". :D. But it was quite spooky. I would say about 2/3 of his picks either won or placed.

I stuck £100 in an account at the start of the season once after reading some betting tips. Picked single football matches, didn't bet on my own team. Worked out value, rather than who I thought would win. And lost it all by about February. Haven't really bet since. The odds are stacked, think it's about 30% profit to the bookies.
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The thing about betting on the dogs though is it's so bent you can't possibly have an edge long term.
 
If it was someone who founded a company that had fewer negatives I would be less concerned about a whopping salary, but this business is gambling which just isn't socially acceptable for me.
 
I think kids should be taught how gambling reels you in, if they aren't already; show them how it works as a business, that they couldn't possibly make a profit unless most of their customers lose money. Point out that there are plenty of alternative ways to give your brain that dopamine hit.
 
Unfortunately computer/phone games makes all these online gambling things seem legitimate to kids. I'm not at all surprised that they are making so much money. Are there even any laws that cover it? surely a computer can be programed to appear to be playing "fair" when all it does is fleece the punter even more efficiently than a bookie or casino.
 
NoXion said:
I think kids should be taught how gambling reels you in, if they aren't already; show them how it works as a business, that they couldn't possibly make a profit unless most of their customers lose money. Point out that there are plenty of alternative ways to give your brain that dopamine hit.
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I hear cocaine and heroin are good :thumbs:
 
hash tag said:
Here she is......Meet Denise Coates, the best paid woman in the world
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Vince Cable stating her pay is excessive, failing to understand how a private business operates.

It is terrible that gambling companies can turn such huge profits on the back of so much real misery, I really feel that it needs to be much more regulated, starting with doing away with advertising all together, getting it seen as an odd thing to do rather than normalised which is what advertising is doing to it.
 
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8ball said:
These things are based on what can only really be called "brain exploits".
I've done horses, football, dogs, betting on political events, gentlemen's wagers, and over a good number of years am up by a little bit (more if you count the odd flutter on shares).

This is just nasty toxic exploitation compared to any of that
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Everyone thinks they're up by a little bit.
 
8ball said:
Ok, up by a lot, then. :p
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You know what I mean... It's the hook. The sense that you know a bet better than the others.

Well, checking upthread binka 's covered it pretty well. You're probably not up at all... You've just bet little enough that you haven't notice the losses and have remembered the wins.

There are ways to win of course, games with an element of skill (poker being the obvious one)... Or where it's possible to nudge the statistics in your favour, as in very substantial syndicates. Never is it winning against the house, it's just giving yourself an advantage over the other players.

The beauty of 365 etc is that they let you place bets in areas where you just know you can win. Of course your in-depth political knowledge will trump theirs.
 
I’ve never used bet365 or any other online betting sites.

Was having a think over whether I’m swayed by cognitive biased in my assessment - guess it depends what you count as gambling.

Eg. I bought a house to live in, but if you consider it property speculation it was a definite failure, my pension took a big hit due to illness during the 2008 financial crash which distracted me, and I’m pretty bad at betting on boxing matches...

I’m not going to count charity raffle tickets, though. :)
 
Have known successful gamblers. At the end of the day all money is tainted to some degree but money extracted from bookies is the product of heaps of untold misery in far too many cases. There are better ways to spend a life.
 
kenny g said:
Have known successful gamblers. At the end of the day all money is tainted to some degree but money extracted from bookies is the product of heaps of untold misery in far too many cases. There are better ways to spend a life.
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The money extracted from bookies is the same as all other money.
 
I've never won anything whenever I've gambled. It's always felt like I was just throwing away money. Intellectually I know that I've got a better chance of being struck by lightning than of winning anything big, and emotionally my experience of not winning a damn thing just reinforces that. How do people get hooked on this shit when the odds are so manifestly against you?

I've heard that casinos can become unhappy if a convention of physicists or mathematicians are in town and decide to pay a visit, so it does seem that there are things one can do to improve one's odds and actually make money, but I am terrible at maths.
 
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