SSP and it's still around.
Second line UK books are not much safer than most offshore books. In order of safety my top 5 would be:
hills - biggest market cap book in world I believe, as safe as a second line bank with a very strong balance sheet
ladbrokes - strong book, not as solid as Hills due to the hilton hotels side but their bonds would still get at least an A rating from moody's I'd think.
corals - very solid
paddys - quoted with a strong balance sheet, could challenge the big 3
chandler - not quoted, but clearly solid. Has a lot of high rollers
stan james - pretty solid, high rollers.
Overall though Betfair must be right up there as they have such a high volume on their exchange and have a very solid business model in my view.
hills - biggest market cap book in world I believe, as safe as a second line bank with a very strong balance sheet
ladbrokes - strong book, not as solid as Hills due to the hilton hotels side but their bonds would still get at least an A rating from moody's I'd think.
corals - very solid
paddys - quoted with a strong balance sheet, could challenge the big 3
chandler - not quoted, but clearly solid. Has a lot of high rollers
stan james - pretty solid, high rollers.
Overall though Betfair must be right up there as they have such a high volume on their exchange and have a very solid business model in my view.
My post was for the top 5 or 6. canbet are Aussies with a UK offshoot, but lost money in 03 and seem to me to have gone a lot more defensive in their approach to line setting.
If hillas and ladbrokes are in the Premier league, then sportingbet are in something like division 2 or so. Nothing like the long history of ripping off mug punters, and building up a strong balance sheet.
For the time being though, Canbet and sportingbet seem solid enough to me.
If hillas and ladbrokes are in the Premier league, then sportingbet are in something like division 2 or so. Nothing like the long history of ripping off mug punters, and building up a strong balance sheet.
For the time being though, Canbet and sportingbet seem solid enough to me.
