Yosaif august biography of william hill

William Hill is a possibly the most famous bookmaking name on the UK high street. With a long and rich history, there is quite the story behind the brand and its evolution over the years. From origins in Birmingham and London over years ago to the high street and online giant of today. The company was indeed founded by an individual by the name of William Hill, we have had a look at the history behind the name.

William Hill was the individual behind the world famous betting brand. He was born in Birmingham, England, in As was typical at this time, he left school aged just 12 and was put to work in a factory. Around this time he started to become exposed to the world of gambling, eventually developing an interest in racing and bookmaking that would lead to his career.

He was in his mids when he moved to London and first tasted success laying odds. But it actually came at the Greyhound track, rather than the Horse Racing. A few years on in he founded the company of the same name. Prior to cash betting was only legal at racecourses or dog tracks. It was illegal to operate a cash betting shop elsewhere.

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There was though, a means of working around this restriction, and in William Hill had the foresight to open up a shop in Park Lane, London, for credit betting. As cash betting was illegal, punters were required to bet on credit. William Hill respected this rule this by allowing punters to guarantee their wagers upfront using cheques, even if he did not actually cash them until after they had lost.

Ultimately, due to the laws at the time there was no legal protection for the punter, and no obligation for the bookmaker to even pay out on winning bets!