Betting firms make profit

Betting firm Ladbrokes has released their financial results for the half-year and showed an increased in their profit. This is mainly due to some surprising results in the Premier League as well as the Euros in France. Although the betting firm has had to pay some big money to people that have backed Leicester City to win the title, they have made more than that on betters that have lost their money.

Indeed there are not many people that would have predicted that Leicester City would have won the league except some die-hard fans. Most of the punters will have spent money on clubs such as Manchester City, Manchester United, Chelsea, Arsenal or Liverpool. There are also some outsiders that have caused upsets during the league, and this has resulted in the firm making an impressive profit. (more…)