You never see a poor bookie: Bet365 owner's salary

[hibsbollah]

The majority view on here seems to be 'you own your business, it's yours, you can pay yourself whatever you want'. I've noticed it on previous similar threads too. I find it massively depressing that I'm in the minority that thinks it's morally wrong.

Who creates the wealth? Is it solely this woman? Do not the hundreds of employees that work in the organisation have some input? In what sense is it 'her' wealth? Have we reached a point where the progress we've made from feudal times, when the landowning class owned everything and everyone else was in perpetual servitude, means nothing anymore?

We need to invest in some guillotines.

[Dashing Bob S]

These guys do a great and vital social service providing hope and inspiration to the aspirational working man who wants to better himself. Worth every penny.

[Hibbyradge]

This quote is hidden because you are ignoring this member. Show Quote

And pay themselves a 'dividend' thereby paying no tax. Yippee for some

That's not the case.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

The majority view on here seems to be 'you own your business, it's yours, you can pay yourself whatever you want'. I've noticed it on previous similar threads too. I find it massively depressing that I'm in the minority that thinks it's morally wrong.

Who creates the wealth? Is it solely this woman? Do not the hundreds of employees that work in the organisation have some input? In what sense is it 'her' wealth? Have we reached a point where the progress we've made from feudal times, when the landowning class owned everything and everyone else was in perpetual servitude, means nothing anymore?

We need to invest in some guillotines.

... and there's a career opportunity right there.

Time for the sans-culotties to go potty again.

[neil7908]

This quote is hidden because you are ignoring this member. Show Quote

The majority view on here seems to be 'you own your business, it's yours, you can pay yourself whatever you want'. I've noticed it on previous similar threads too. I find it massively depressing that I'm in the minority that thinks it's morally wrong.

Who creates the wealth? Is it solely this woman? Do not the hundreds of employees that work in the organisation have some input? In what sense is it 'her' wealth? Have we reached a point where the progress we've made from feudal times, when the landowning class owned everything and everyone else was in perpetual servitude, means nothing anymore?

We need to invest in some guillotines.

I agree with you 100%. Inequality is getting worse and worse and it's all feeding anger in our society. No one needs this amount of money. To the previous poster who said no one would refuse it I can say I certainly would.

This isn't just someone being wealthy, this is obscene. I wonder what their lowest earners receive and whether we the public are paying any benefits to their staff?

[Keith_M]

This quote is hidden because you are ignoring this member. Show Quote

Technically, people who are self-employed can't pay dividends.

Owners of their own LTD company can though.

Being Self Employed and being paid through a Limited Company are not the same. The former generally pay higher taxes than the latter (personal taxation v dividends)

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

He didn't really pay himself a £100M bonus. He was signed up to an incentive plan that gave him access to discounted shares. Because the share price soared he (and other execs in the scheme) made that level of fortune. If the share price had tanked he'd have got nothing. It was impossible for the company to know how much he'd get when he was given the incentive.

The company has benefited massively from taxpayers money through the ridiculous help to buy scheme.


Sent from my iPhone using Tapatalk

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

I agree with you 100%. Inequality is getting worse and worse and it's all feeding anger in our society. No one needs this amount of money. To the previous poster who said no one would refuse it I can say I certainly would.

This isn't just someone being wealthy, this is obscene. I wonder what their lowest earners receive and whether we the public are paying any benefits to their staff?

If anyone can show me a better system than capitalism then I’m all ears.



Sent from my iPhone using Tapatalk

[neil7908]

This quote is hidden because you are ignoring this member. Show Quote

If anyone can show me a better system than capitalism then I’m all ears.



Sent from my iPhone using Tapatalk

I agree but capitalism doesn't have to be this Darwinian, winner takes all system. There can be checks and balances in how economies operate to reduce inequality. Both USA and Sweden are capitalist but work very differently.

[jacomo]

I’ve no problem with people getting filthy rich, but gambling addiction is a huge issue now and these companies are leaving the state (us taxpayers) to pick up the bill: health issues, homelessness, crime etc.

Is this a fair deal? I don’t think so.

[WhileTheChief..]

Typical Scottish way of thinking.

Anyone who creates a successful company is immediately branded a fat cat who earns too much.

Anywhere else in the world and she’d be applauded for creating massive wealth which benefits thousands of employees, suppliers, the tax man and the economy in general.

Not here though. Would have been better if her dad’s business had gone bust due to the influx of online betting companies from around the world, staff made redundant and less money being generated eh!

We could do with a few more companies like hers in Scotland.

Got to create the wealth to spend on services somehow, so if it’s not through successful businesses how else do we do it?!

[MyJo]

This quote is hidden because you are ignoring this member. Show Quote

I’ve no problem with people getting filthy rich, but gambling addiction is a huge issue now and these companies are leaving the state (us taxpayers) to pick up the bill: health issues, homelessness, crime etc.

Is this a fair deal? I don’t think so.

You realise that she is also a taxpayer and out of that yearly income she has probably paid more in tax to the government than all of us will do in our entire life, combined. Even with the use of tax saving schemes.

She also created a highly successful, international company that employs thousands of staff which is headquartered in the UK, improving our economy and paying a load of tax on all those profits they are making as well.

They are operating legally, compliantly and paying their dues. It's hardly their fault that some individuals have an uncontrollable compulsion to gamble and ultimately wreck their lives feeding that addiction.

[Malthibby]

Trouble with capitalism is that it's based on greed, & you need checks & balances which have been stripped away over the years.
Go back to the 70's & the top earners earned around 20x those at the wrong end. Now it's x hundreds. Are these captains of industry
worth countless millions more than the folk who ran industry back then? All of them?
It's morally bankrupt, unlike those at the top.
Noddy Holder didn't like paying 90% supertax, but he could at least laugh about it. And he'd have done a better job at RBS than Fred Goodwin,
whose still earning millions despite having proven to be utterly, utterly incompetent.
And as far as BET365 is concerned, as the OP says, you don't see poor bookies, just poor punters. It's a simple one-way transfer & I don't
feel like praising someone who has just got better at speeding up that transfer.

[calumhibee1]

This quote is hidden because you are ignoring this member. Show Quote

Betfred hiding behind an excuse that the machine had a 'glitch' in not paying out 1.7 million. As the man says how many times was there a 'glitch' when it took his losing money? Pay the man its not his fault the machine allegedly had a 'glitch'. Shocking and hope he wins his day in court but I suspect he'll be offered a huge sum before any legal ruling. No wonder the bookies are mega rolling in the stuff.

https://www.msn.com/en-gb/news/uknew...ing/ar-BBPZgxG

Is paying out any bet not down to the bookies ‘discretion’? Ridiculous that they can just turn round and decide that it’ll cost them a bit of money so they’ll no bother. The punter would never have that opportunity.

Bookmakers should be banned. I know people like a flutter and some people can deal with it alright but the percentages that can’t handle it are so ridiculously high that the whole thing should be outlawed.

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

Trouble with capitalism is that it's based on greed, & you need checks & balances which have been stripped away over the years.
Go back to the 70's & the top earners earned around 20x those at the wrong end. Now it's x hundreds. Are these captains of industry
worth countless millions more than the folk who ran industry back then? All of them?
It's morally bankrupt, unlike those at the top.
Noddy Holder didn't like paying 90% supertax, but he could at least laugh about it. And he'd have done a better job at RBS than Fred Goodwin,
whose still earning millions despite having proven to be utterly, utterly incompetent.
And as far as BET365 is concerned, as the OP says, you don't see poor bookies, just poor punters. It's a simple one-way transfer & I don't
feel like praising someone who has just got better at speeding up that transfer.

Yes but during the 70’s Britain was on its knees, miles behind the rest of Europe and America and the electricity only worked three days a week.
RBS was the opposite of capitalism. They would have went under in a capatilist system. Their losses were socialised.


Sent from my iPhone using Tapatalk

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

Is paying out any bet not down to the bookies ‘discretion’? Ridiculous that they can just turn round and decide that it’ll cost them a bit of money so they’ll no bother. The punter would never have that opportunity.

Bookmakers should be banned. I know people like a flutter and some people can deal with it alright but the percentages that can’t handle it are so ridiculously high that the whole thing should be outlawed.

Prohibition you mean? Because that works so well with drugs? The thought of armed bookmaking gangs is not something I would like to see.


Sent from my iPhone using Tapatalk

[Since90+2]

This quote is hidden because you are ignoring this member. Show Quote

Prohibition you mean? Because that works so well with drugs? The thought of armed bookmaking gangs is not something I would like to see.


Sent from my iPhone using Tapatalk

Bookies in this country literally can't lose.

If they see a pattern of a punter winning they simply close the account and don't allow them to bet anymore. It happened to a mate of mine who won a relatively small amount of a few thousand over a couple of months and they closed the account. How often do bookies close your account if you are losing? Never. You can lose millions and they will be quite happy to keep taking your money. If you are winning? Sorry we don't want you business , goodbye.

It's illegal in countries in Europe for bookmakers to close accounts of winning players but for some reason it's perfectly acceptable in this country and it's a disgrace to be honest.

[Killiehibbie]

This quote is hidden because you are ignoring this member. Show Quote

Prohibition you mean? Because that works so well with drugs? The thought of armed bookmaking gangs is not something I would like to see.


Sent from my iPhone using Tapatalk

A bit like Peaky Blinders?

I reckon the government should introduce laws to make them take a decent bet from everybody instead the bookies being able to restrict or ban unprofitable punters. I doubt it would make that much difference the huge profits they make.

[calumhibee1]

This quote is hidden because you are ignoring this member. Show Quote

Prohibition you mean? Because that works so well with drugs? The thought of armed bookmaking gangs is not something I would like to see.


Sent from my iPhone using Tapatalk

True. I just absolutely hate it. Not a gambler myself but I’m always astounded whenever you read the figures behind it. Sure i read somewhere like half of people who use the machines are gambling addicts. This is also where the vast majority of their income comes from. Scandalous.

[danhibees1875]

This quote is hidden because you are ignoring this member. Show Quote

If anyone can show me a better system than capitalism then I’m all ears.



Sent from my iPhone using Tapatalk

I don't think we'll be seeing the back of capitalism anytime soon - but I wonder if there's a way to allow capitalism to live within boundaries of minimum and maximum incomes. Eradicate the extremes where people are impoverished or have too much money than they could possibly need.

[Tornadoes70]

This quote is hidden because you are ignoring this member. Show Quote

Is paying out any bet not down to the bookies ‘discretion’? Ridiculous that they can just turn round and decide that it’ll cost them a bit of money so they’ll no bother. The punter would never have that opportunity.

Bookmakers should be banned. I know people like a flutter and some people can deal with it alright but the percentages that can’t handle it are so ridiculously high that the whole thing should be outlawed.

Probably the 'glitch' was that the betting game the guy had been betting upon was never supposed to pay out the jackpot. I've bet large sums in the past and as most gamblers will tell you winning is such a high and losing large sums can set one into deep depression.

The trouble is there's vastly so much more to bet on with the machines, cartoon racing, spread betting, foreign races being shown, bookies open to late and seven days a week, online betting etc that gambling is virtually unrecognisable compared to yesteryear when it was really only mainly a football coupon, horses and dogs that were bet upon.

I agree that its become too big and is causing extreme poverty and death in some cases and should at least be railed in with a return to the past when it was mainly limited to football, horses and the dogs but I doubt it will as there's far too much profit in it.

[Gloucester Hibs]

The U.K. must have the most de-regulated gambling industry in the world. Anything goes. Reckon there are now thousands of online gambling sites available to U.K. citizens, we’re bombarded with gambling adverts during fitba matches, the gambling commission itself is toothless in so much as the tail wags the dog. Slight chink of light with regards the new regulation coming to do with max bets on the FOBTs.

[Tornadoes70]

This quote is hidden because you are ignoring this member. Show Quote

The U.K. must have the most de-regulated gambling industry in the world. Anything goes. Reckon there are now thousands of online gambling sites available to U.K. citizens, we’re bombarded with gambling adverts during fitba matches, the gambling commission itself is toothless in so much as the tail wags the dog. Slight chink of light with regards the new regulation coming to do with max bets on the FOBTs.

Saw a young guy about early twenties in the bookies shouting at and kicking a Fobt recently. I was bit alarmed as he was getting more and more aggressive as he seemed to be losing every spin. About twenty minutes later he suddenly became overcome with elation and overjoyed. Someone asked him if he'd got his money back and the reply was that he had put £2000 in and had recouped back to £1700 and was walking out with it 'delighted' he was 'only' £300 down. Didn't look like a guy that you'd expect to have £2000 cash to put in a betting machine.

[Pete]

This quote is hidden because you are ignoring this member. Show Quote

If anyone can show me a better system than capitalism then I’m all ears.



Sent from my iPhone using Tapatalk

Better system for who exactly?

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

Better system for who exactly?

The poorest people in our society?


Sent from my iPhone using Tapatalk

[Onceinawhile]

This quote is hidden because you are ignoring this member. Show Quote

Being Self Employed and being paid through a Limited Company are not the same. The former generally pay higher taxes than the latter (personal taxation v dividends)

I know. That's why I said people who are self employed can't pay themselves dividends.

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

The U.K. must have the most de-regulated gambling industry in the world. Anything goes. Reckon there are now thousands of online gambling sites available to U.K. citizens, we’re bombarded with gambling adverts during fitba matches, the gambling commission itself is toothless in so much as the tail wags the dog. Slight chink of light with regards the new regulation coming to do with max bets on the FOBTs.

Australia has the most deregulated gambling in the world and also the biggest gambling problem. The average Aussie loses more than double what the average Scot loses each year.
The new max bet rules are a good idea.


Sent from my iPhone using Tapatalk

[Gloucester Hibs]

This quote is hidden because you are ignoring this member. Show Quote

Australia has the most deregulated gambling in the world and also the biggest gambling problem. The average Aussie loses more than double what the average Scot loses each year.
The new max bet rules are a good idea.


Sent from my iPhone using Tapatalk

I’ve worked in Perth a lot this year and have to say my own personal experiences don’t tally with this. Never saw a high street bookie, occasional advert on the telly for an online bookies but nothing like the 4 or 5 you get each commercial break here. Maybe the Aussies have actually cracked down on it?

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

I’ve worked in Perth a lot this year and have to say my own personal experiences don’t tally with this. Never saw a high street bookie, occasional advert on the telly for an online bookies but nothing like the 4 or 5 you get each commercial break here. Maybe the Aussies have actually cracked down on it?

I haven’t been to WA but I know in NSW that ‘pokies’ (gambling machines) are in every pub. Only Nevada has more gambling machines than NSW and Australia is 6th in the world for the number of machines despite only having 20 million people.
There are no private high street bookie. Sports gambling is done through the TAB which has terminals in every pub.


https://www.theguardian.com/world/20...d-in-the-world


Sent from my iPhone using Tapatalk

[Gloucester Hibs]

This quote is hidden because you are ignoring this member. Show Quote

I haven’t been to WA but I know in NSW that ‘pokies’ (gambling machines) are in every pub. Only Nevada has more gambling machines than NSW and Australia is 6th in the world for the number of machines despite only having 20 million people.
There are no private high street bookie. Sports gambling is done through the TAB which has terminals in every pub.


https://www.theguardian.com/world/20...d-in-the-world


Sent from my iPhone using Tapatalk

Fair play mate, sounds like a similar problem, albeit done through slightly different channels as the U.K