40 stores to close... (part 3)

Money, investing, mutuals etc
William Joseph1
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Re: 40 stores to close... (part 3)

Post by William Joseph1 » Wed Feb 06, 2019 8:35 am

pabenny wrote:
Wed Feb 06, 2019 6:32 am
Sarah wrote:
Wed Feb 06, 2019 12:49 am
Brighthouse to close 30 stores
Nice to have some good news* in this thread. Now for all of the rest of the stores in this exploitative business.

(* if not for those who work there)
A case could be made for putting Ladbrokes into the same category.
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planteria
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Re: 40 stores to close... (part 3)

Post by planteria » Wed Feb 06, 2019 10:13 am

i'd tend to agree with that. even when areas lose the vast majority of their retail outlets the bookies seem to remain open.
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Re: 40 stores to close... (part 3)

Post by pabenny » Wed Feb 06, 2019 11:03 am

I’ve mixed feelings on that one.

The only winner on games of chance is the house and the players are mugs/fantasists/people with more money than sense. Betting on horse-racing, football results, etc does not appeal to me but I can appreciate that there may be an element of skill and judgement in placing bets and may be a (relatively) harmless pastime. I don’t much care about rich people losing money but sadly it is often poorer people who are seduced by the potential for riches into wasting money on games of chance. Hence the preponderance of betting shops in poorer areas.

So actually, yes, I’ll count Ladbrokes closures as good news as well.
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Re: 40 stores to close... (part 3)

Post by blythburgh » Wed Feb 06, 2019 11:09 am

Skill was mentioned by pabenny.

My friend gambles weekly, only very small amounts. But he often does a bet where the winning from the first race go on to the 2nd and so on to the last race. He did win a nice sum once.

Same friend also has a bet on Norwich City at the start of the season. Why? Because the odds were so good.

Will he win? Nope, the odds were so good because he bet on Norwich going down.

Not a stupid man, he has A levels and other qualifications. But in some areas as thick as a brush.
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Re: 40 stores to close... (part 3)

Post by Sarah » Wed Feb 06, 2019 11:59 am

pabenny wrote:
Wed Feb 06, 2019 11:03 am
I’ll count Ladbrokes closures as good news as well.
They say, however, that the Ladbrokes closures are accompanied by a greater push for their customers to switch to online betting; this could in turn make it easier for those individuals to bet and potentially lose more.
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Re: 40 stores to close... (part 3)

Post by planteria » Sat Feb 09, 2019 9:03 am

so two of the tales discussed here collide, with Mike Ashley and Patisserie Holdings..

https://www.msn.com/en-gb/money/compani ... spartandhp
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