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Andrew Black (born 13 May 1963) is a British entrepreneur who, together with Edward Wray, a gambling entrepreneur, founded Betfair, 👏 the world's first and largest bet exchange. He is now a noted angel investor in technology businesses in the UK 👏 and further afield, and is a keen race horse owner and professional bridge player.

Black was born on 13 May 1963, 👏 the son of a property developer and grandson of Tory MP for Wimbledon Sir Cyril Black, who campaigned, among other 👏 things, against gambling.[2] He attended King's College School in Wimbledon, where he excelled at maths (according to a moneyweek profile 👏 in 2009, not citable due to an entry in Wikipedia's blacklist) and then attended the University of Exeter but was 👏 asked to leave during his second year, saying later that he had spent most of his time at the bookies 👏 rather than attending lectures.

Other bet exchanges launched at the same time, but worked on the basis of offering single bets 👏 which interested punters would then accept individually. Betfair operated on a model more similar to a financial exchange, allowing among 👏 other things, multiple small bets to fill a position offered by a gambler wishing to place a large stake on 👏 a wager. This approach, combined with the acquisition of rival Flutter in 2001, secured Betfair 90% of the bet exchange 👏 market in the UK within a few years of launch.

Black's known investments include a significant stake in Hydrodec Plc where 👏 he has acted as a non-executive director and whose UK operations he acquired[8] in 2024; ownership of Morelands Riverdale,[9] a 👏 science park being built at Hampton, Surrey; a 30% stake in golfbidder,[10] a sizeable stake in Touchlight Genetics, and a 👏 portfolio of early stage life sciences, gambling, sports and ecommerce business.

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