You Bet: The Betfair Story and How Two Men Changed the World of Gambling

You Bet: The Betfair Story and How Two Men Changed the World of Gambling
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Описание книги

The fascinating tale of how one company spawned a huge international business success story, created legions of new gamblers and revolutionised the worlds of gambling and sport for ever.In 2000 a company called Betfair, founded by Andrew Black and Ed Wray, began trading. Since then, the brainchild of these two contrasting English innovators has meant the world of gambling, sport, the Internet, government attitudes to betting and public perceptions of what is behind a 'flutter' haven't been the same.Betfair is an Internet betting exchange, which pairs up via the web those who want to have a bet ('backers') with those who want to take one ('layers'), cutting out the traditional middleman, namely the bookmaker. The company's success – Betfair today is one of the world's ten biggest companies operating on the web – has fuelled exponential growth in Internet betting. What's more, the operation has revolutionised the way the globe gambles, forcing bookmakers to change, altered how sport deals with corruption based around betting and how governments worldwide treat betting, and caused shifts in cultural and social attitudes to betting generally.You Bet considers the Betfair story, a remarkable tale of how a simple idea tapped into the modern-day global psyche for betting and became a multi-billion dollar company. But much more than that, You Bet considers the worldwide impact, culturally and socially, of the explosion in Internet betting in which Betfair has been both an agent for change and a beneficiary of evolving attitudes to betting.This vibrant book takes you to the heart of the colourful world of betting, features a range of characters with personality and opinions in proportion and offers unique analysis of why people gamble. The book is both an inspirational – and aspirational – tale of how the dream of two men became a reality.

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Colin Cameron. You Bet: The Betfair Story and How Two Men Changed the World of Gambling

You Bet. The Betfair Story: How Two Men Changed the World of Gambling. Colin Cameron

Table of Contents

PREFACE

INTRODUCTION

Chapter ONE

Chapter TWO

Chapter THREE

Chapter FOUR

Chapter FIVE

Chapter SIX

Chapter SEVEN

Chapter EIGHT

Chapter NINE

Chapter TEN

Index

Acknowledgements

Copyright

About the Publisher

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To Emily and Lois

Title Page

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This cyber pursuit’s popularity means that growing numbers of serious, full-time gamblers – like shoppers who skip visits to the supermarket by ordering provisions online – no longer bother actually to attend race meetings, the greyhounds, and major sports events other than for company. Likewise, spectators previously enthralled only by the game itself, also stay away. For them betting with Betfair while watching the game at home greatly enhances their enjoyment. Satellite coverage of sport means that you can glean pretty much everything via telecommunications then trade through the web. If you have been able, lately, to get a ticket for the big games, it may be because, along with satellite television, Betfair’s appeal has freed up a seat.

From start to chequered flag, first ball to stumps, round one bell to knock out, Betfair handles literally millions of bets, with a financial turnover into tens of millions. This is a stock market for gamblers. Actually, many players derive as much pleasure from simple vindication as they do from outright financial gain. In today’s affluent society, being right is as much valued as being even more rich. Betfair offers a chance to test your theories and expectations against the beliefs of others, betting with them directly on anything from the Grand National to the Eurovision Song Contest. With no middleman, betting is hand-to-hand. Protagonists gather in the Betfair Forum chat room both to boast of successes and to unite against injustices outside their own empowered world. For those who think there is something nerdy about Internet betting, time in the Betfair Forum should dissuade you of the notion. This is not a cyberspace for retiring types. Nor the faint-hearted.

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