BET Discussion 2022
- Thread starter zeeb0t
- Start date
TheBigDance
Emerged
Cheers guys!! Looking forward to burning the remaining shorts and getting this back to ATH’s.
BET management have a vision and are very talented at there work. We just experienced some tuff times and it won’t always be easy. We will get through. No dramas if people don’t think the same but those who stay will be rewarded. It ain’t easy making money this way. As you can see many bail as things get a little tough. I hated seeing the big red after being up 6 figures on BET, but due to the length of time on downtrend I was able to accumulate more and got average down by 25c - opportunity for some - BET will soon become tightly held with big major shareholders who won’t sell for pips - looking forward to this next chapter and ride!!
BET management have a vision and are very talented at there work. We just experienced some tuff times and it won’t always be easy. We will get through. No dramas if people don’t think the same but those who stay will be rewarded. It ain’t easy making money this way. As you can see many bail as things get a little tough. I hated seeing the big red after being up 6 figures on BET, but due to the length of time on downtrend I was able to accumulate more and got average down by 25c - opportunity for some - BET will soon become tightly held with big major shareholders who won’t sell for pips - looking forward to this next chapter and ride!!
TheBigDance
Emerged
Cheers Reg and will do!!
Thanks zee. Great move
Kotaredrew
Emerged
Nice work Zeebot & Reg.
I know some on the Bet threads may start to get sick of me rambling on about the shorts- and I apologise- but just trying to give them a little back on what they've been doing on the threads. Trying to get them squirming and uncomfortable- like they've done to many on the Bet threads. I can see the potential of the Co and have a really nice holding- and never lost sight of the strong fundamentals of the Co- but realise these paid scums have an agenda and love to make money out of mum and dad investors- and talked some of them into selling.
So just ignore my short ramblings- as I am just giving some of their medicine back.
I know some on the Bet threads may start to get sick of me rambling on about the shorts- and I apologise- but just trying to give them a little back on what they've been doing on the threads. Trying to get them squirming and uncomfortable- like they've done to many on the Bet threads. I can see the potential of the Co and have a really nice holding- and never lost sight of the strong fundamentals of the Co- but realise these paid scums have an agenda and love to make money out of mum and dad investors- and talked some of them into selling.
So just ignore my short ramblings- as I am just giving some of their medicine back.
TeddyFiles
Regular
Thanks team. Great to get into some open air without the dribble. I promise to be good.
Buckwheat Betty
Emerged
Thank you Zeebot for setting up this forum. Hopefully it will be awesomely successful and you get a lot of migration from hotcrapper
Lattelarry
Regular
Massive shorting by MQG and others. Took advantage of the change in sentiment from the ill considered TAB bid and then just by having huge amounts of cash can heavily short and as Reg said they just keep pushing it down to hit ppls stop losses. I was reading a book on a guy who was a trader 100 years ago in the US and it was the exact same game then too.
Have around 45k in shares in Bet, my biggest bag by far and although I’m still slightly in the red I’m absolutely pumped for the future and what this company can do.
If we manage NJ well, I really hope we can slowly stack the dominos of other states. Imagine if we end up with exposure in 20-30 states in 10-15 years. This company could go 20x!
If we manage NJ well, I really hope we can slowly stack the dominos of other states. Imagine if we end up with exposure in 20-30 states in 10-15 years. This company could go 20x!
TeddyFiles
Regular
Looking good.Has everyone checked out the new BetMakers site?
World-Leading Racing and Betting Solutions From BetMakers - Global.Racing
Welcome to the Global Racing divisions of BetMakers Technology Group. Together we harness the power and global reach of BetMakers to deliver solutions that help monetise racing for stakeholders at every stage of the racing and betting lifecycle.global.racing
Reg who are you tipping for the initial 5 NJ licenses?
1. Caesar’s
2. PBH
3. Penn?
4. ?
5. ?
TeddyFiles
Regular
Ok PBH could get left out in the cold.
Have you heard of Dave Portnoy? I’m sure you have.
Barstool Sports sold large portion of the company to Penn National. They now have the Barstool Sportsbook. They have a huge following and Dave loves his racing. Owner/Gambler. He’s an interesting character and created something pretty big.
I did direct message him about BET some time ago when they got into bed with Penn. no reply obviously as he would get millions of messages.
comin2getme
Member
Knock knock,
Great work Reg and Zeeb0t! Good to have a forum that won't get derailed. Following just a few random thoughts and why I am still confident in BET- the focus has been on US fixed odds but I think the other deals will be just as exciting. I'm still confident something will happen with Tabcorp and Foxbet. As we know Tabcorp demerger will happen mid year this year (2022). Todd, I think gave us a bit of gold in the latest qtrly. “The Australian wagering sector remains an attractive growth market for BetMakers as we leverage our proprietary software solutions to support the wagering industry. We envisage this growth continuing as we continue to expand our product offering, and new entrants approach the market.” So I think we can say FoxBet will be the new entrant coming soon.
People are still confused about the Tabcorp bid, but I think by the end of this year it will be clear how it played out. It's worth going back and re-reading some of the announcements that were made previously to get you excited- . From the 5th of July, 2021 announcement "BetMakers in discussions with Tabcorp in relation to commercial opportunities in international markets, instead of progressing bid for Tabcorp Wagering and Media" We haven't heard any outcomes from these discussions yet but I think we will hear once the demerger is complete.
From the Feb,2021 announcement about TRIPP they said- "BetMakers is currently engaged with a number of parties in relation to opportunities which leverage BetMakers’ scalable technology and data platform and looks forward to Mr Tripp’s assistance with these exciting initiatives." I am not sure we have heard about these parties yet. and a reminder what TRIPP is working towards- 1. For delivery of a “strategic deal”, which is considered to be a binding transaction entered into by the Company as a result of Mr Tripp’s introduction or with Mr Tripp’s reasonable assistance and will increase the Company’s Revenues by more than 10% on a pro forma basis, Mr Tripp will be issued 35 million unquoted performance rights. The Company and Mr Tripp are already in discussions regarding several strategic deals. If more than one of these transactions were to be executed, Mr Tripp would only be issued the single tranche of performance rights. 2. For delivery of a “transformational deal”, which is considered to be a binding transaction entered into by or in relation to the Company as a result of Mr Tripp’s introduction or with Mr Tripp’s reasonable assistance and such transaction increases both of the Company’s Revenue and EBITDA by more than 100% on a pro forma basis, Mr Tripp will be issued 32 million unquoted performance rights and 32 million unquoted options at $0.70 per option
Its going to be an exciting year ahead.
People are still confused about the Tabcorp bid, but I think by the end of this year it will be clear how it played out. It's worth going back and re-reading some of the announcements that were made previously to get you excited- . From the 5th of July, 2021 announcement "BetMakers in discussions with Tabcorp in relation to commercial opportunities in international markets, instead of progressing bid for Tabcorp Wagering and Media" We haven't heard any outcomes from these discussions yet but I think we will hear once the demerger is complete.
From the Feb,2021 announcement about TRIPP they said- "BetMakers is currently engaged with a number of parties in relation to opportunities which leverage BetMakers’ scalable technology and data platform and looks forward to Mr Tripp’s assistance with these exciting initiatives." I am not sure we have heard about these parties yet. and a reminder what TRIPP is working towards- 1. For delivery of a “strategic deal”, which is considered to be a binding transaction entered into by the Company as a result of Mr Tripp’s introduction or with Mr Tripp’s reasonable assistance and will increase the Company’s Revenues by more than 10% on a pro forma basis, Mr Tripp will be issued 35 million unquoted performance rights. The Company and Mr Tripp are already in discussions regarding several strategic deals. If more than one of these transactions were to be executed, Mr Tripp would only be issued the single tranche of performance rights. 2. For delivery of a “transformational deal”, which is considered to be a binding transaction entered into by or in relation to the Company as a result of Mr Tripp’s introduction or with Mr Tripp’s reasonable assistance and such transaction increases both of the Company’s Revenue and EBITDA by more than 100% on a pro forma basis, Mr Tripp will be issued 32 million unquoted performance rights and 32 million unquoted options at $0.70 per option
Its going to be an exciting year ahead.
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