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Paddy Power 'on the drift'

  • 18-11-2005 1:17pm
    #1
    Bluetonic
    Registered Users, Registered Users 2 Posts: 7,588 ✭✭✭


    Not strictly solely on the topic of Horse Racing but definitely relative and as I see it add value to the fourm so I'm plonking it up.


Comments

  • #2
    masterK
    Registered Users, Registered Users 2 Posts: 2,757 ✭✭✭masterK


    Don't you just feel so sorry for them.

    I would guess the main reasons for the impact on profits are the number of Irish winners during the year, not just at Cheltenham but at Aintree and in a lot of the big flat races across the water.

    The increasing use of exchanges is also sure to have made a dent in profits. Paddy Power needs to cut margins on horse racing especially in Ireland or they can expect profits to keep decreasing.


  • #3
    sector
    Registered Users, Registered Users 2 Posts: 687 ✭✭✭sector


    That was front page news on the Irish Times business section, profit warning.

    agreed with masterk on a review of their margins, i guess they lack someone with bottle to say it in a meeting.


  • #4
    fade2black
    Closed Accounts Posts: 6,937 ✭✭✭fade2black


    Lads I think it's only right that we have a whip round for them...


  • #5
    masterK
    Registered Users, Registered Users 2 Posts: 2,757 ✭✭✭masterK


    fade2black wrote:
    Lads I think it's only right that we have a whip round for them...
    How about we donate all prizes from the tipping competition to them.

    Another reason for their past profitability is their reliance on the so called mug betting shop punter who just backs whoever the Sun tip up and has no real knowledge of the sport, with more widespread use of the Internet and vastly more information available a lot more people are becoming more educated in the sport.

    Even the mug punters have been having a good time of it by following tipster such as Pricewise, so now even their most profitable customers are taking their money.


  • #6
    TwistsAndTurns
    Registered Users Posts: 305 ✭✭TwistsAndTurns


    Originally Posted by fade2black
    Lads I think it's only right that we have a whip round for them...

    I know what whip I`ll take around.............:rolleyes:


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  • #7
    finnpark
    Closed Accounts Posts: 1,541 ✭✭✭finnpark


    Online gambling is costing these a fortune.

    Betfair is cost all bookmakers a fortune every day. Why would you ever back online with Paddypower when Betfair gives better odds and early prices on all races etc.

    Also, punters are able to make more money online as they wait to see the betting before the off for every race from the comfort of their own home. Punters are getting more clever for the bookie all the time.


  • #8
    rabbitinlights
    Registered Users, Registered Users 2 Posts: 4,008 ✭✭✭rabbitinlights


    good time to buy shares in Paddy power?


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