One of the most exciting aspects of betting with Bet365 Sport is that you have a massive choice of bets to choose from. Not only do you have the usual Win or Each Way bets available, but there's a wide range of multiple selection bets available too.
These bets include Doubles, Trebles, and Accumulators. There are also more complicated multiple-selection bets, such as Yankees, Canadians, Lucky 15's, and the like.
- Denise Coates, the U.K.'s highest-paid CEO and founder of global gambling business Bet365, took home a record-breaking £323 million ($422 million) paycheck this year.
- Peter Coates, owner of Stoke City FC, looks on from the stands during a match involving Stoke City at the Bet365 Stadium in Stoke on Trent Credit: Gareth Copley/Getty Images Europe.
However, in addition to all these different types of bets you can access easily at Bet365 Sport, there is another bet which you can access directly from your betting slip. These bets are Banker Bets. They offer punters a different way to bet on multiple-selection bets.
Banker Bets can be tricky to find at Bet365. In fact, it is very easy to miss them, as they are only accessible once you have a bet slip with the required number of selections. However, they do offer punters an exciting and flexible way to bet on multiple selections. The bet offers a fabulous compromise between the single line accumulator bet and the rather expensive to back multiple line combination bets.
In this article, we are going to explain exactly what Banker Bets are . Then we will look at how you can place a bet on them at Bet365 Sport.
Denise Coates, the billionaire boss of Bet365, added another £323m to her wealth this week after the company her family founded racked up another year of huge profits. She's been called the UK's. The Massive growth seen at Bet365 for all its operational years has made this online casino a household name in the gambling industry. Today, Bet365 boasts more than 6 million potential customers in more than 200 countries. Owners and CEO of Bet365 are Denise Coates, John Coates and Peter Coates.
Best Sports Betting Sites for 2021
Explaining the Bet365 Banker Bet
A banker bet is a form of betting on three or more selections on a bet slip. It is different from a standard accumulator bet, which includes all selections on a single bet. It is also different from a combination bet, which can include some or all possible combinations of the selections on the bet across multiple paylines.
There are essentially two steps to placing a banker bet. The first is adding the selections to your betting slip. From these selections you decide which one (or more) you would like to select as your 'banker' bet(s). The second part of the bet is then deciding which out of the available bets based on your banker selections you would like to back.
How do I pick my banker selections for a bet?
You begin making a banker bet in the same way you would any other multiple selection bet with Bet365, and that is by adding selections to your bet slip. Once you have added three or more selections to your slip, then you need to select the 'Banker' betting option on the bet slip. We've provided a guide on how to do this below.
Once the bet slip changes to a Banker Bet, then you will see all your selections listed. When you select one of these as a banker bet, then this (or these) selection(s) must win if any of your bets are to come in. If any of your banker bet selections lose, then your bet loses.
As such, it is imperative that you select your banker options very carefully. You want to ensure you have the utmost confidence in them winning. When you are confident in your banker selection, highlight the box with the letter 'B' inside it on the bet slip. Once this is highlighted, the selection is now one of your banker bets.
Depending on the number of selections on your bet slip, you can elect to have more than one banker bet. When you have a bet slip with a large number of selections, having more than one banker can reduce the number of lines you need to cover. Thus, you reduce the initial size of the bet considerably. However, you have to weigh the benefits of that up against the chances of all your banker bet selections winning.
Now that you have selected which of your selections will be banker bets, you now need to move on to the second part of placing the bet. That is deciding which of the available bets to back.
How do I decide which of my available banker bets I should back?
Once you select a banker bet, then you will notice that the options available on the betting slip change automatically. Underneath the banker section, you will see a list of all the available betting options. These options combine your banker selection(s) with the other selections on the betting slip.
These are listed in a shorthand format, which looks a little like the options outlined below. These are found when you place a three-selection banker bet, when you have just one selection as your banker.
- 1B + 1/2
- 1B + 2/2
Bet365 Owner
How the Banker Bet wager works
This shorthand simply means that there is one banker selection (1B). In the first example, you need one of your two selections to win in order to receive a return. This bet requires you to cover two lines. One is for the Banker Bet and selection one. The other is for the Banker Bet and selection two. Therefore, if you want a £10 unit stake on this bet, this would cost you £20.
In the second option, you have your Banker Bet (1B). You are now saying you want both your other selections to win in order for you to receive a return (2/2). This is a single line bet and a £10 unit stake on this bet would cost you £10 to place.
What makes this bet so flexible is that you can elect to back either just one, or both of these selections as your banker bet. Backing both would cost you £30 for a £10 Unit Stake. However, you can back one of them individually if you prefer. The choice is entirely yours.
For simplicity, we used a three-selection banker bet as an example. As the number of selections in a banker bet grows though, the number of options available for each bet grows exponentionally. As such, punters need to be very wise about which of their bets to use on the Banker Bet. However, by being able to select which bets you cover, you can keep the overall cost of the bet down.
How do I find Banker Bets on the Bet365 bet slip?
Banker Bets are relatively easy to place and understand. The main problem many people have is finding them. This is easy to find when you know where to look, and the answer is to look on the bet slip once you have made your selections.
Here you will see a drop box which contains the word 'Standard'. This means that this is the standard betting slip used to place most bets at Bet365 Sport. Simply click on the drop down box to reveal other options of bet slip. One of these will be 'Banker.' Select this and you will load up the Banker betting slip.
You then place your bets exactly as outlined above. You can be betting using banker bets in no time at all.
How do I pick my banker selections for a bet?
You begin making a banker bet in the same way you would any other multiple selection bet with Bet365, and that is by adding selections to your bet slip. Once you have added three or more selections to your slip, then you need to select the 'Banker' betting option on the bet slip. We've provided a guide on how to do this below.
Once the bet slip changes to a Banker Bet, then you will see all your selections listed. When you select one of these as a banker bet, then this (or these) selection(s) must win if any of your bets are to come in. If any of your banker bet selections lose, then your bet loses.
As such, it is imperative that you select your banker options very carefully. You want to ensure you have the utmost confidence in them winning. When you are confident in your banker selection, highlight the box with the letter 'B' inside it on the bet slip. Once this is highlighted, the selection is now one of your banker bets.
Depending on the number of selections on your bet slip, you can elect to have more than one banker bet. When you have a bet slip with a large number of selections, having more than one banker can reduce the number of lines you need to cover. Thus, you reduce the initial size of the bet considerably. However, you have to weigh the benefits of that up against the chances of all your banker bet selections winning.
Now that you have selected which of your selections will be banker bets, you now need to move on to the second part of placing the bet. That is deciding which of the available bets to back.
How do I decide which of my available banker bets I should back?
Once you select a banker bet, then you will notice that the options available on the betting slip change automatically. Underneath the banker section, you will see a list of all the available betting options. These options combine your banker selection(s) with the other selections on the betting slip.
These are listed in a shorthand format, which looks a little like the options outlined below. These are found when you place a three-selection banker bet, when you have just one selection as your banker.
- 1B + 1/2
- 1B + 2/2
Bet365 Owner
How the Banker Bet wager works
This shorthand simply means that there is one banker selection (1B). In the first example, you need one of your two selections to win in order to receive a return. This bet requires you to cover two lines. One is for the Banker Bet and selection one. The other is for the Banker Bet and selection two. Therefore, if you want a £10 unit stake on this bet, this would cost you £20.
In the second option, you have your Banker Bet (1B). You are now saying you want both your other selections to win in order for you to receive a return (2/2). This is a single line bet and a £10 unit stake on this bet would cost you £10 to place.
What makes this bet so flexible is that you can elect to back either just one, or both of these selections as your banker bet. Backing both would cost you £30 for a £10 Unit Stake. However, you can back one of them individually if you prefer. The choice is entirely yours.
For simplicity, we used a three-selection banker bet as an example. As the number of selections in a banker bet grows though, the number of options available for each bet grows exponentionally. As such, punters need to be very wise about which of their bets to use on the Banker Bet. However, by being able to select which bets you cover, you can keep the overall cost of the bet down.
How do I find Banker Bets on the Bet365 bet slip?
Banker Bets are relatively easy to place and understand. The main problem many people have is finding them. This is easy to find when you know where to look, and the answer is to look on the bet slip once you have made your selections.
Here you will see a drop box which contains the word 'Standard'. This means that this is the standard betting slip used to place most bets at Bet365 Sport. Simply click on the drop down box to reveal other options of bet slip. One of these will be 'Banker.' Select this and you will load up the Banker betting slip.
You then place your bets exactly as outlined above. You can be betting using banker bets in no time at all.
So if you have signed up with Bet365 recently and are looking at enjoying all the sports betting site has to offer, don't forget the Banker Bets . They offer a cheaper and more flexible way to bet on multiple selections than either accumulators or other multiple selection bets.
| Born | 26 September 1967 (age 53) |
|---|---|
| Nationality | British |
| Education | University of Sheffield |
| Occupation | Businesswoman |
| Known for | Founder and joint CEO, Bet365 |
| Net worth | US$10.2 billion (February 2021)[1] |
| Spouse(s) | Richard Smith |
| Children | 5 |
| Parent(s) | Peter Coates |
| Relatives | John Coates (brother) |
Denise CoatesCBE (born 26 September 1967) is a British billionaire businesswoman, the founder and joint chief executive of online gambling company Bet365.[2]
In October 2019, Forbes magazine estimated Coates's net worth at $12.2 billion.[3] In 2018, Coates was paid a £323 million, which included a 50 per cent share of a £92.5m company dividend.[4] As of 2019, Coates is the highest paid chief executive of any UK company and one of the wealthiest woman in Britain according to the Sunday Times Rich list.[4][5]
Early life[edit]
Denise Coates was born the eldest daughter of Peter Coates, chairman of Stoke City F.C. and a director of Bet365. She earned a first class degree in econometrics from the University of Sheffield.[6]
Business career[edit]
While at school, Coates started work in the cashiers' department of Provincial Racing, a bookmaking firm owned by her family. After leaving university, she continued to work at Provincial Racing, as an accountant. Following this, Coates became managing director over the small chain of shops in 1995. That same year, Coates obtained a loan from Barclays to acquire a neighbouring chain.[7]
Bet365[edit]
In January 2000, Coates purchased the domain name Bet365.com.[8] Bet365.com was launched in 2001 as an online betting site. The business borrowed £15 million from RBS against the family's betting shop estate. In 2005, these shops were sold to Coral for £40 million, which allowed Coates to pay off the loan to RBS.
As of 2016, Bet365 is one of the world's largest online gambling companies, with $2 billion in revenues and facilitating $45 billion in yearly bets. The company also owns a majority stake in Stoke City Football Club. In 2015, Bet365 moved its headquarters from Stoke to Gibraltar because of its favourable regulations. Coates still runs the company alongside her brother, and co-CEO, John Coates.[9]
Coates is the majority shareholder with 50.01% of Bet365. Her personal fortune is estimated at $12 billion, as of December 2019.[1]
In 2017, Coates was criticised for paying herself £217 million, with Mike Dixon, CEO of Addaction, saying 'It cannot be right that the CEO of a betting company is paid 22 times more than the whole industry ‘donates' to treatment.'[10] In 2018, it was announced that her salary had increased to £265 million, around 9,500 times more than the average UK salary, with Luke Hildyard of the High Pay Centre commenting, 'Obviously, people who build successful companies need to be rewarded for their hard work, but this is an obscene amount of money for someone who is already a billionaire. It's weird to think that someone so rich would want to get their hands on even more, rather than put it to a more useful purpose.'[11]
Denise Coates Foundation[edit]
Coates set up the Bet365 Foundation in August 2012, and in February 2016 it was renamed to Denise Coates Foundation. It is a registered charity under English law[12] and it donated £100 million[13] to twenty UK charities as of 2014.
Charities which have received funds include Oxfam, CAFOD, the Douglas Macmillan Hospice for cancer sufferers in Stoke, and relief programmes for victims caught in the aftermath of Typhoon Haiyan in the Philippines. University scholarships and theatre donations have also been offered.[14][15]
The Foundation pledged £230,000[16] to St Joseph's College, in Trent Vale, for the school's work to help support vulnerable young people in Bo, Sierra Leone.
Bet365 Owner House
In March 2020 the foundation granted £235,000 to The New Vic Theatre in Newcastle-under-Lyme for essential refurbishment and redevelopment.[17][18]
In April 2020, Coates donated £10 million through her foundation to University Hospitals of North Midlands to support staff fighting coronavirus.[19]
Personal life[edit]
Coates is married to Richard Smith, and they live in Betchton near Sandbach, Cheshire.[6][10] She drives an Aston Martin with personalised number plates bearing her initials.[8]
They have five children, including four that in March 2014 were reported as being 'recently adopted from the same family'.[7][1][20]
Honours and awards[edit]
In January 2012, Coates was appointed a Commander of the Order of the British Empire (CBE) for services to the community and business.[21] In 2012, she received an honorary doctorate from Staffordshire University.[6]
In 2013, Coates was named as one of the 100 most powerful women in the UK by Woman's Hour on BBC Radio 4.[22]
In 2019, Coates was inducted to the Sports Betting Hall of Fame run by Sports Betting Community (SBC) for her leadership in the gambling industry.[23]
References[edit]
Who Is Bet365 Owned By
- ^ abc'Forbes profile: Denise Coates'. Forbes. Retrieved 27 January 2021.
- ^Gill, Oliver; Foy, Simon (18 December 2019). 'Bet365's Denise Coates cements place as world's best-paid woman with £320m payday'. The Telegraph. ISSN0307-1235. Retrieved 26 May 2020.
- ^'Denise Coates'. Forbes. Retrieved 11 May 2018.
- ^ ab'Subscribe to read | Financial Times'. www.ft.com. Retrieved 19 December 2019.Cite uses generic title (help)
- ^'The Sunday Times Rich List 2020: The 10 richest women in Britain'. uk.finance.yahoo.com. Retrieved 1 July 2020.
- ^ abc'Denise Coates CBE'. Staffordshire University. Retrieved 10 February 2018.
- ^ abPagano, Margareta (4 March 2014). 'Against the odds: Denise Coates's good fortune'. The Independent. Retrieved 10 February 2018.
- ^ abBowers, Simon (8 June 2010). 'Denise Coates: the hidden 24/7 woman behind Bet365'. The Guardian. Retrieved 10 February 2018.
- ^correspondent, Rupert Neate Wealth (21 November 2018). 'Bet365 founder paid herself an 'obscene' £265m in 2017'. The Guardian – via www.theguardian.com.
- ^ abNeate, Rupert (12 November 2017). 'Bet365 chief Denise Coates paid herself £217 million last year'. The Guardian. ISSN0261-3077. Retrieved 10 February 2018.
- ^'UK's best-paid boss earns £265m'. BBC News. 21 November 2018. Retrieved 22 November 2018.
- ^'DENISE COATES FOUNDATION, registered charity no. 1149110'. Charity Commission for England and Wales.
- ^Bowers, Simon (11 July 2014). 'Bet365's Denise Coates sets up £100m charity foundation'. The Guardian – via www.theguardian.com.
- ^University, Staffordshire. 'Denise Coates Foundation awards a hundred bursaries to Staffordshire University students'. Staffordshire University. Retrieved 11 May 2018.
- ^'ewb'. www.empoweringwb.org.uk. Retrieved 11 May 2018.
- ^'Bet365 Foundation Donation'.
- ^Elliott, Louise (29 June 2020). 'North Staffordshire theatre set to undergo £750,000 refurbishment'. stokesentinel. Retrieved 1 July 2020.
- ^'NEW VIC THEATRE RECEIVES MAJOR INVESTMENT FROM DENISE COATES FOUNDATION FOR AUDITORIUM REFURBISHMENT PROJECT'. New Vic Theatre. 2 March 2020. Retrieved 1 July 2020.
- ^'Bet365 boss donates £10m to NHS for coronavirus'. BBC News. 7 April 2020. Retrieved 28 April 2020.
- ^Evans, Peter (12 November 2017). 'Bet365 co-founder Denise Coates's £200m payday'. The Times. Retrieved 10 February 2018.
- ^'Denise Coates is among those named in New Year Honours'. BBC News. 31 December 2011. Retrieved 10 February 2018.
- ^'Denise Coates CBE'. BBC. Retrieved 10 February 2018.
- ^'SBC announces new inductees to Sports Betting Hall of Fame'. SBC News. 30 August 2019. Retrieved 30 August 2019.
Bet365 Ownership
