You never see a bookie on a bike

Cheltenham festival week and I was thinking of an expression my grandmother would often use to discourage betting, and about the business model of the bookmaker (turf accountant, bookie etc). “You never see a bookie on a bike” Bookmakers rely on 2 things to make their...

The Race for the bottom

Every day there’s a race for survival and profit in this ‘dog eat dog’ global economy: an organisation basically has three choices of strategy: Stay roughly as we are, spend some money on marketing, try to win more business, and hope for the best. Race to the bottom:...