British entrepreneur
Andrew Black (born 13 May 1963) is a British entrepreneur who, together with Edward Wray, a gambling entrepreneur, founded 2️⃣ Betfair, the world's first and largest bet exchange. He is now a noted angel investor in technology businesses in the 2️⃣ UK and further afield, and is a keen race horse owner and professional bridge player.
He has won many awards, most 2️⃣ notably Ernst & Young emerging entrepreneur of the year in 2002 (shared with Wray).[1]
Early life [ edit ]
Black was born 2️⃣ on 13 May 1963, the son of a property developer and grandson of Tory MP for Wimbledon Sir Cyril Black, 2️⃣ who campaigned, among other things, against gambling.[2] He attended King's College School in Wimbledon, where he excelled at maths (according 2️⃣ to a moneyweek profile in 2009, not citable due to an entry in Wikipedia's blacklist) and then attended the University 2️⃣ of Exeter but was asked to leave during his second year, saying later that he had spent most of his 2️⃣ time at the bookies rather than attending lectures.
Career [ edit ]
Black took a succession of unskilled positions after dropping out 2️⃣ of university but when his younger brother, Kevin, contracted a debilitating brain infection at the age of 19 Black gave 2️⃣ up work to look after him until his death aged 21.[3] Black then worked in the City of London for 2️⃣ a derivatives business, but during this time was becoming increasingly successful as a gambler, eventually earning sufficient money in winnings 2️⃣ to give up work and concentrate on gambling full-time for a while. After initial success, full-time gambling looked unlikely to 2️⃣ provide sufficient financial support for Black, who was newly married, so he set up a software business. The business won 2️⃣ an on-site contract at GCHQ which involved being 'locked out of the office' every day at 5.00 pm, giving him 2️⃣ long evenings during which to refine his ideas for a bet exchange. He became friends with Wray through playing bridge 2️⃣ together[3] and showed him a prototype he had programmed which succeeded in securing Wray's interest and investment.
Betfair [ edit ]
Black 2️⃣ and Wray launched Betfair in 2000, having secured £1m of investment from friends and family. Requests for venture capital investment 2️⃣ had been rejected by the funds they had approached.[3]
Other bet exchanges launched at the same time, but worked on the 2️⃣ basis of offering single bets which interested punters would then accept individually. Betfair operated on a model more similar to 2️⃣ a financial exchange, allowing among other things, multiple small bets to fill a position offered by a gambler wishing to 2️⃣ place a large stake on a wager. This approach, combined with the acquisition of rival Flutter in 2001, secured Betfair 2️⃣ 90% of the bet exchange market in the UK within a few years of launch.
In 2010 Betfair was floated on 2️⃣ the London Stock Exchange[4] at a £13 share price which valued it at £1.4bn, making Black's 15% stake worth approximately 2️⃣ £200m. Black is known to have retained much of his stake, benefiting from the share price's subsequent climb to £44 2️⃣ before Betfair was delisted when it was merged with Paddy Power in 2024.[5]
Post-Betfair activities [ edit ]
On 3 August 2009, 2️⃣ Black announced that he was going into partnership with Michael Owen with regard to Owen's Manor House Stables; Tom Dascombe 2️⃣ has been hired as trainer and the stated ambition is to own and train Group 1 horses on the Flat.[6] 2️⃣ Black and Owen were the joint owners of the racehorse Brown Panther, who won the Goodwood Cup in 2013 and 2️⃣ the Irish St. Leger in 2014, winning the latter by six lengths.[7]
Investments [ edit ]
Black's known investments include a significant 2️⃣ stake in Hydrodec Plc where he has acted as a non-executive director and whose UK operations he acquired[8] in 2024; 2️⃣ ownership of Morelands Riverdale,[9] a science park being built at Hampton, Surrey; a 30% stake in golfbidder,[10] a sizeable stake 2️⃣ in Touchlight Genetics, and a portfolio of early stage life sciences, gambling, sports and ecommerce business.
Blog [ edit ]
Black has 2️⃣ his own horseracing blog "Bert's Blog" where he discusses his bloodstock operations.[11] The blog also features interviews with former Betfair 2️⃣ staff such as Tony Clare, Steve High and Martin Cruddace.
do da colocação de apostas gratuitas do Sportbook serão creditados na sportingbet tem aviator carteira
ipal e serão livres para usar à sportingbet tem aviator 🌟 disposição. SportsBook: Posso retirar minhas
livres? - Betfair Support support.betfaire : app . respostas ; detalhe a_id Como o
heiro 🌟 para fora funciona para apostas feitas de Apostas Grátis? Este valor de
h Out - Paddy Power Help Center helpcenter.paddypower : 🌟 app skill > Responde ;
r Android device. 2 Search Sportsbet and click update. Otherwise, click this link here.
3 Click open to get started with 🔔 your Sportsbbet account. How Do i Instal OrUpdateMy
on iOS& Android \n helpcentre.sportsbet.au : en-us , articles 🔔 1150095
despite the
rning message that appears after tapping the "Download" button. Get Android Sports app!
nto, mas a aposta é menos provável de acontecer. Em sportingbet tem aviator contraste, o termo
es baixas significa um resultado que é 🤶 mais provável que aconteça, porém por menos
. Odds altas explicadas - O que são probabilidades decimais e como apostar nelas?
g 🤶 : apostando. how-to-bet, chances decaídas de alto potencial também indicam a
dade de um
netbet de casinoode solicitar a retirada até que todos os requisitos para participação tenham sido
feitos. Porque é posso retirar todo o meu 3️⃣ saldo do crédito? - Conta / ApostaS
help shportingbe-co/za : informações gerais). pagamentoes): pago_withdR...
; cl.
al Bomu, 3 Leando n and eann; 4 Use Brave Browser: 5 Interest rewardes". 6
S). 7 Shop AndErN”. 8 Yield 🗝 farming!15wayis Toeount Cancer
with the first deposit
ing code BTCCWB1250, and The second e third Depositions Requerin CSC2NDCwb. Bovada
Code January 2024 🗝 Sports a Casino & Poker Bonus... techopedia : gambling ;