Ladbrokes Reports Record Turn over on the Grand National
Ladbrokes Coral has managed to hail a record turnover on the Grand National Day, as well as a surprising growth in its wagering shop stakes for the 1st time in the past years. As Paddy Power, the UK bookmaker stated that it had made a considerable profit on the race, despite the victory of the 4-1 favorite, Tiger Roll.
Bookmaker Comments on the Grand National Success
The PR Director of Ladbrokes coral, Simon Clare, stated that it was such a fantastic Grand National when it comes to mass market wagering appeal. The digital channels of Coral and Ladbrokes witnessed a healthy increase in the stakes, as well as new and active customers when compared to 2018. On the other hand, this is not the grand achievement, as it was more amazing that there was a trend-bucking growth in the turnover of the betting shops across Coral and Ladbrokes Estate of more than 3400 venues, which is something that hasn’t happened in numerous years. He also added that the staff of the betting shops everywhere deserve recognition and great praise of their fantastic service to the customers, on that special sports day. He continued by saying that even though the favorite Tiger Roll won the race, which is something that bookies never hope for, the victory was not as bad as a lot might expect.
Although he was the best-backed member in the race, the bookies mitigated that in part with his short price and Ladbrokes also laid great spreads of money across all of the forty runners. For instance, he stated that the victory of the likes of Rock the Kasbah, Outlander or Blow by Blow, would have had worse results and impact than Tiger Roll.
Ladbrokes Introduces Turbo Options in its Electronic Roulette Game
Starting from April 1st, all venues of Ladbrokes coral reduced the maximum stake for FOBTs from 100 to 2 British Pounds. On the other hand, the company added a new betting option on its Electronic in-shop roulette games, the “Turbo” option. The new option gives players the chance to only wait seven seconds for the results before playing again, instead of the previous 14 seconds.
It seems that this new option might be the operator’s way to overcome the reduction in the stake, so it can make players bet more quickly. On the other hand, this feature is optional, and it is already widely available at online games. Ladbrokes responded by stating that the roulette games changed the maximum stake so it can oblige with the new requirements by the UKGC. Ladbrokes added that the maximum stake is now at 2 pounds, with a minimum spinning speed of 2.5 seconds and that all of the games changed, and became complaint starting from the 1st of April.
It is not only Ladbrokes that made changes to their games and adding new features in an attempt to overcome the stake reduction of the FOBTs. For instance, Betfred and Paddy Power Betfair received a warning by the United Kingdom Gambling Commission after they introduced a new lottery kind of games.