Ladbrokes reaps rewards of football upsets Turnover at the high street betting chain ticked up 7.4pc last year to just over £1bn and pre-tax profits jumped to £200.7m from £134.6m last time. Ladbrokes enjoyed a particularly strong final quarter as it benefited from inconsistent performances from clubs such as Arsenal, Manchester City and Chelsea, who all attract heavy bets and have disappointed fans and punters alike this season. Richard Glynn, Ladbrokes chief executive and a Leeds United fan, described the results duing the latter months of 2012 as "favourable." While Ladbrokes' traditional high street shops performed strongly, the betting firm is also investing in online technology as punters increasingly gamble via smartphones and tablet computers. Ladbrokes, which has struggled to keep pace with its rivals when it came to online gambling, said it was now seeing evidence that it was making up for lost time.