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The bookie has indicated that it could close up to outlets, with the number of closures ultimately dependent on how gamblers change their habits. William Hill is making progress in fulfilling its American ambitions. Since legislation banning sports betting was overturned in May, six states have legalised this form of gambling, and William Hill is present in all six. Sign in Register. Join our community of smart investors Subscribe. Investment Ideas. A non-cash impairment on the UK retail business wiped out full-year profits.

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Haven't they read expert studies which put the number of 'problem' gamblers as high as ,, with a further 1. Don't they know that, each year, more than habitual gamblers will feel desperate enough to commit suicide? For all the avuncular advice doled out by Bet's geezerish frontman Ray Winstone — 'remember, gamble responsibly' — don't they understand that, for many young men, online betting can be as addictive as crack cocaine?

Not long ago, during an investigation into the dangers of internet betting, I attended a meeting of Gamblers Anonymous in Stoke—on—Trent, where Bet is based in a sleek, concrete-and-glass HQ, and heard their harrowing stories. Among the group was 'Gerry', an articulate, middle-aged businessman who appeared far too level-headed to become hooked on 'games' that can drain the money from your bank account with the speed of a suction pump. Feeling bored, one day, however, he had opened an online gambling account and fluttered a few pounds — and within a couple of years he had lost 'hundreds of thousands', along with his house, his wife and family.

The other members of the group were in similarly desperate straits. One young man had spent three days and nights gambling online in his parked car without any sleep. His spree only ended when his parents alerted the police, who found him slumped over the wheel, phone in hand, thousands of pounds in debt. All the kick-offs were delayed by one symbolic minute to publicise a mental health campaign backed by Prince William, the FA's president. The addicts I met were reluctant to blame any specific betting company.

Most had opened accounts with several, and in terms of marketing ploys designed to hook punters, they said, they were all equally as bad. In the grip of their gambling fever, they would have bet on anything from an obscure tennis match in some far-flung country to the winner of Strictly Come Dancing.

Nonetheless, as they were all male and most were sports fans, several of them had started by betting on football. After all, where was the harm in wagering a few quid on whether Stoke City would beat Derby as they supped a few pints on a Saturday afternoon? No doubt many thousands of football fans felt the same last weekend, as they pressed the 'live streaming' button on their mobile phones and watched FA Cup matches that would once have been viewable only on TV.

They might not have been able to savour the pre-match build-up featuring a panel of former players talking about tactics and form. But under the deal, Bet offered live commentary and the luxury of switching between 22 of the weekend's 32 cup games. All they needed to do was open an account and take advantage of this 'generous welcome offer'.

We cannot know how many did so, but we can be pretty sure that one person will have the figures at her manicured fingertips. She is Denise Coates, who — as founder and majority shareholder of Bet — has become the best-paid woman in Britain, and quite possibly the world. In a rare interview, several years ago, Miss Coates, 52, who has five children four of whom are adopted and is married to her childhood sweetheart, claimed to be uninterested in the trappings of material wealth.

But that was before the betting company she nurtured from an office in a portable cabin in Stoke became a multi-billion-pound enterprise — the biggest of its kind. She has since bought up a great swathe of the Staffordshire countryside and turned it into a huge estate, surrounded by a moat-like lake complete with stables she is a workaholic and riding is among her few hobbies , sunken tennis courts and ornamental gardens.

Her last known car was an Aston Martin DB9, and her family also travels by helicopter. Of course, if the Football Association are willing to sell out the FA Cup — English football's equivalent of the crown jewels — Miss Coates can hardly be blamed for taking advantage of their greed. Though her family are steeped in cloth-cap football — her father, Peter, 81, a Labour-supporting miner's son, is the chairman of Stoke City and Bet are the club's owners — she has a business to run.

And in that business, soccer is a highly lucrative commodity. To those of us who love the game in its purest sense, however, this deal is little short of sacrilegious. As a boy of ten, in , I remember attending my first FA Cup tie as though it was yesterday. My hometown team, Morecambe, were then part-timers playing in a provincial league called the Lancashire Combination, and they were drawn to play against York City, then a comparative giant.

The match was not shown live on TV. The only way to experience the thrill of watching a team of plasterers and painters and decorators take on the hardened professionals was to be there — so thousands of us trekked across the Pennines to stand on the terraces with our wooden rattles, banners and red and white scarves. The joy, after we fought out a draw, was unbridled, and though we were eventually knocked out of the cup after two replays, our pride was unbowed. Among supporters of a certain generation, that epic series of matches is still spoken about today.

The fans of countless other minnow teams will have similarly wonderful FA Cup memories. Followers of Sutton United, for example, who shamed then-mighty Coventry City, in , and Hereford United, who slayed Newcastle, in , on a cabbage patch of a pitch. Those heroic feats were captured on BBC's Match of the Day, and are reprised by the programme to this day. Had such marvellous matches been played last weekend, however, the sad reality is that many people would have chosen to view them in the warmth of the pub or living-room, on the Bet app downloaded to their mobile phone.

The immediacy and excitement of the occasion would have been lost so completely that they might as well have been watching computer games. This is the crime that the Football Association, so-called guardians of the beautiful game, have committed by flogging off the grandest of all cups to a betting firm — even if through an intermediary. We can but wonder just how many people took the first step towards addiction when they pressed their 'live streaming' buttons at the weekend.

Mr Humphreys said he hadn't voided any terms of service, but believes the big bookie companies were simply sick of him catching them out on their incorrect odds. Mr Humphreys says his secret to winning is not in studying a particular team or player, but rather looking at average odds for a game or match, and placing a bet when the odds are too high. He said he tries to bet a similar amount each time, which means he only needs to win 60 per cent of his bets to come out with a significant profit.

The sports journalism graduate had even launched a business off his success, Brains Trust Betting, where he exchanged tips - primarily on tennis - for a subscription fee. After making significant bets on players whose odds were higher than Mr Humphreys's research suggested they should be pictured , his account with Sportsbet was limited.

He says he approaches the service as a full time job, and works hard at finding tips - making it even more frustrating to know he can't reap the profits himself. It just sucks and it's not really a fair go. Mr Humphreys said he has had trouble getting an explanation for his bans and the limits placed on his remaining accounts.

Don't bet because [the game] is on TV, bet to make money - bet because you have an edge. Have a staking plan - and stick to it. That means you should always know before you make a bet how much you intend to spend. This means you don't need to win every bet to make a profit. Watch for odds that are higher than they should be - you can learn this by keeping an eye on markets, even when you're not actively betting.

He said Ladbrokes described the ban as a 'business decision', and he'd only discovered the cap placed on his Sportsbet account when he tried to place a bet last week. Mr Humphreys said he is not the first to experience these sorts of bans, and he's certain he won't be the last.

In his first few years of betting, Mr Humphreys said he barely made a cent - and the bookies were more than happy to take his money. When he started taking money from them, it all changed. Mr Humphreys said he is one of many to be booted from the betting platforms after a large number of wins.

Mr Humphreys runs a subscription service, where he shares tips about tennis betting, and says it's 'frustrating' not being able to bet properly on his own tips. The Bathurst man also claims he has been given very limited information about why his accounts have been closed or limited and what he can do to reopen them.

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