Betfair

  www.betfair.com
  www.betfair.com
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1 person found this helpful  

Good people, flawed environment

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

I have been working at Betfair full-time (more than 3 years)

Pros

Deeply invested in agile processes. Some very good, capable people. Good work both within and between teams (for the most part).

Cons

Some weak individuals at surprisingly high levels for such a generally good company. Poor corporate structure for technology delivery, split between two CxO's.

Recommends
Positive Outlook
Approves of CEO

105 Other Employee Reviews for Betfair (View Most Recent)

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  1. 2 people found this helpful  

    A good example of a once great company gone wrong

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations in Mosta (Malta)
    Former Employee - Operations in Mosta (Malta)

    I worked at Betfair full-time (more than 3 years)

    Pros

    Certainly a good place to learn a new role, with a variety available at starter level, all the way up to the top. Cross department moves are regular occurrence.

    Cons

    Massive lack of knowledge of the products at all levels within the company, especially middle management. Most of the management have never placed a bet in their lives and wouldn't know how to on the Betfair website.

    Advice to ManagementAdvice

    Try learning about the product and company you work for and don't just treat it like every other bland mid management role. You're not working in a 9-5 accountancy firm! Stop spending millions of pounds on trendy adverts that nobody likes!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Sold its soul when floated and turned staff into robots

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Market Operator in London, England (UK)
    Former Employee - Market Operator in London, England (UK)

    I worked at Betfair full-time (more than 8 years)

    Pros

    Lots of great, committed people in my department creating very friendly atmostphere.
    Getting the days off/shifts you wanted (within reason) was generally fairly easy as long you planned ahead.
    Relaxed policies towards internet use and watching sport/television in office helped create a relaxed atmosphere and made quiet periods more enjoyable.

    Cons

    Unsocialble hours with absolutely no reward for working them. Working Xmas day didn't even get time and a half.

    Career progression/promotion is totally unfair and based on location and making sure the department flow chart doesn't get messed up. Because my department had a group of loyal people who stayed for 8-10 years, very few positions to get promoted opened up in the London office. Instead of changing the flow-chart they decided to let some brilliant, talented staff be held in their starting role and wasted for 5-10 years while someone could join the Stevenage office and get promoted to team lead within months simply because the flow-chart opened up in that office.

    The market management console got outdated very quicky and upgrades were woefully slow in coming. If there was a workaround then according to managment it didn't need upgrading, even if it meant a task which should take seconds could take an hour.

    Had fabulous staff events when I started in 2003, summer & Xmas parties, all you can drink racedays/golf days, after work drinks/parties for individual departments. Pretty much all of these disappeared as time went on to the point where they didn't even have a Xmas party the year before I left.

    Advice to ManagementAdvice

    Betfair was the one company in the gambling industry with a genuine unique selling point. Now it's just becoming another dime-a-dozen sportsbook. Floatation came and as a result staff came last in their concerns, it was all about satisfing the shareholders. Slashing the workforce and pay rates so that Betfair fell into line with industry standards means loyalty and satisfaction amongst staff was gone by the time I left.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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