Well, for most of the part, people consider gambling as a recreation activity. Therefore, people do not get the idea that gambling can also be a serious profession. So let’s dive deep into the requirements of gambling as a profession.
Gambling As a Profession
First of all, gambling, like any other profession, requires experience. Without experience, one simply cannot be a professional gambler; otherwise, he might end up losing quite a hefty sum of money.
The next thing that one might require to become a professional gambler is instincts. Without the right instincts, a person cannot be a gambler. The next and most important thing to be a professional gambler is that the person should have a minimum risk appetite; if a person cannot take risks, then, gambling is not for them. Gambling comprises of risk elements, and that is what makes gambling such entertaining, the risk induces among the people a rush. Therefore, gambling, as a profession, has a very wide scope.
Not just that, gambling has become such a serious business that many firms and companies have been formed who earn profits by betting or simply working as a bookie. Seems interesting? Then, come aboard we will be discussing on such bookies and how they have earned millions of Euros just by betting or working as a bookie. Let’s explore some famous UK Gambling organisations.
Top betting companies in the United Kingdom
One of the United Kingdom’s oldest betting companies, Ladbrokes, was formed in 1886 by two commission agents of horse betting, and Coral Inc. was established in Joe Coral in 1986. These two companies merged in 2016, and since then, they have a turnover rate of £2.5 Billion per year as revenue. It employs nearly 30000 employees and has 4000 shops. This Company has a very rich history and is the number 1 company in the United Kingdom of Great Britain for Gambling. Although it has suffered due to some monopoly, still it is the biggest among the UK gambling companies.
William Hill Plc
William Hill is one of the largest betting companies name among the UK Gambling community. Mr William Hill established this company in 1934. It was Great Britain’s number one betting company until Ladbrokes-Coral Plc took over the market. This company, which was established just to cover up William Hill’s illegal business, was eventually established as a totally legal betting company. This company generates nearly £1.7 billion per annum. And it employs 16000 people. William Hill has nearly 2300 stores spread all over the UK. This company is listed on FTSE 250. Although this company has suffered from some corporate losses still, it has quite aggressive betting strategies that earn them a hefty amount of revenue.
Paddy Power and Betfair Plc
Paddy Power and Betfair’s most iconic merging had brought these two companies in the UK Gambling communities’ number 3 position. Their merge was mutually beneficial for both the companies. Paddy Power was established by Ireland’s biggest bettors in 1988, but they were not very popular at that time, but when, Betfair, an online-based gambling company merged with them, they have started earning £1.75 Billion on a yearly basis. This company employs nearly 9000 employees and has more than 600 shops in the United Kingdom of Great Britain and Ireland.
BET 365 is one of the UK Gambling community’s biggest online casinos. This company was established in 2000 by Denise Coates from a small temporary building in Stoke City. Although it doesn’t have any land-based shops, still this company manages to earn a hefty sum of £2.3 Billion annually. This company is said to the UK’s favourite online casino company. It employs nearly 3500 individuals.
At last, I would like to conclude that gambling can be a serious profession and these companies mentioned above proved that. These UK Gambling companies earn a pretty huge amount of money just on betting or by acting as a bookie or bookmakers. So, don’t just wait! Head out and earn some Euro’s while being in the UK. Good luck, there!