A poor bookmaker is a contradiction in terms and Paddy Power has reported a 54 per cent rise in half-year profits to £43m. £70.5m of bets were placed on the World Cup and the bookmaker made a £15m profit from losing punters. They did particularly well out of patriotic bets placed by England supporters. Spain’s faltering start also deterred punters from placing bets being placed on the eventual winners.
A poor bookmaker is a contradiction in terms and Paddy Power has reported a 54 per cent rise in half-year profits to £43m. £70.5m of bets were placed on the World Cup and the bookmaker made a £15m profit from losing punters. They did particularly well out of patriotic bets placed by England supporters. Spain’s faltering start also deterred punters from placing bets being placed on the eventual winners.