Always back the horse named self-interest, son. It'll be the only one trying
Not that many months ago Betr were going to buy Pointsbet for upwards of $300 million. There was just one problem. Pointsbet ain’t really worth more than a handful of rubles. It’s a straw house built on sand, a con job that has never turned a profit, and spends more on marketing each year that […]
That’s the Pointsbet share price above. It used to be worth over $15 a share. Now you can buy a piece for $1.80. Betmakers shares (below) were worth $1.50. These days they are worth 14c. Great investments these two have been. A pair of sour lemons in an ever sinking bowl.
The punter whose communications with BetR are detailed below signed up for an account with them on Sunday. He won $700 on an exotic bet straight up, and withdrew most of it, as smart folk do. The next day – yesterday – he went to have some more exotic bets with what remained in his […]
The Federal Government is today to announce that it will be introducing laws to ban punters from betting with corporate bookies using their credit cards. From the moment the law comes in – if it passed through Parliament – it will be cash or nothing. It is going to cost the bookies a fortune, and […]
In NSW a bookie can’t offer or accept a bet that involves an interest in the result of the working of the totalizator on an event, unless they are both licensed, and present at a licensed racecourse. https://legislation.nsw.gov.au/view/html/inforce/current/act-1997-045#sec.88 A licensed racecourse is exactly as it reads. A licenses course where races are held. https://legislation.nsw.gov.au/view/html/inforce/current/act-1998-114#sec.7 A […]
All of sports betting, all of playing poker, and all of options trading is making sure you’re betting against someone you’re smarter than. If you’re not asking yourself, am I the sucker, or am I the [bait], you get arrogant and you get crushed. – Jeff Yass PointsBet is the weirdest company you would ever […]
30 June 2017 Revenue = $373 000 Gross Profit = $103 1000 Expenses = $3.5 million Annual Loss = $3.4 million Cash = $1.6 million Total Losses = $3.6 million ———————————————- 30 June 2018 Revenue = $25.6 million Gross Profit = $5.1 million Expenses = $11.8 million Annual Loss = $6.7 million Cash = $7.5 […]
We wrote a story about the woes of bookie Betr 2days ago. 48 hours later the Sydney Morning Herald have caught up. You always hear it here first ————————————————- PETERPROFIT – Betr was launched only 6 months ago to huge fanfare and publicity on the back of it’s ill-thought out improperly framed $101 odds betting […]
Fledgling wagering company Betr will pay a six-figure fine to the NSW gaming regulator despite arguing it did not breach advertising laws when it aired a controversial promotion last year. Liquor & Gaming NSW is expected to issue a record penalty of $210,000 to the outfit following a long-running investigation into advertisements that ran in […]
