Thursday, 28 August 2008
BetBrokers goes broke
Listed UK company, BetBrokers, the firm you were supposed to use if you struggled to get bets on yourself, went into administration last Friday. The peculiar business model always had its doubters (big bookies close down winners, so most end up on Betfair anyway. Do you think bookies really want to take bigbets from unnamed accounts?) and in the end, those doubts won through. But perhaps it was just shabbily run. It wouldn't be the first occasion that a good idea was ruined by people not knowing how to run a business properly.