William Hill said it had been hit by "customer friendly" results at the back end of last year, cutting profits by about £20m.
As a result, its operating profit for 2016 was about £260m, at the bottom end of its predicted range of £260m-£280m.
In November, it had predicted profits would be at the top of the range.
However, William Hill added that underlying trends continued to be positive.
"The recent run of sporting results have not changed our confidence in a better performance in 2017," interim chief executive Philip Bowcock said.
William Hill said it had been hit by "customer friendly" results at the back end of last year, cutting profits by about £20m.
As a result, its operating profit for 2016 was about £260m, at the bottom end of its predicted range of £260m-£280m.
In November, it had predicted profits would be at the top of the range.
However, William Hill added that underlying trends continued to be positive.
"The recent run of sporting results have not changed our confidence in a better performance in 2017," interim chief executive Philip Bowcock said.
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