BET Discussion 2022

[ScottBET]

TVG Releases Statement After Platform Crash Before Kentucky Derby

FanDuel's platform to bet on horse racing -- TVG -- crashed in the hours before the Kentucky Derby, perhaps the biggest event in the sport's calendar.

www.actionnetwork.com

Bit more on TVG issues- not the first time apparently had issues last year and six years ago on the same day. Maybe an opportunity for BET- this should not happen. Let’s hope this influences people’s decision to go with bet over TVG into the future.

 

[ScottBET]

Yes, reading some of the replies on Twitter, a lot of unhappy punters! Once the online bookies for NJ are announced we know we have the systems to handle large volumes of bets. TVG will be nervous!

 

[ScottBET]

Agree Reg,
BET are covering all their bases to bring in the punters, tracks, casinos and mobile wagering will get plenty of eyes on the product.
The foundations are being laid as more tracks sign up and we bring in the international aspect, the online sportsbooks will have some good content to entice the punters to bet 24/7. I think it will be an exciting few months ahead for BET. I see some good announcement's:

1. Expansion of fixed odd wagering in New Jersey with the addition of more tracks with upto 10 meetings each day from North American tracks before the intended addition of international tracks.
2. Online Fixed Odds solutions for Monmouth Park to be operational next quarter.
3. Announcements of the first five sportsbooks who will partner with BET to offer fixed odds- the contracts are currently being negotiated and believe this will come out once the other North American tracks and international tracks are brought into the feed. As American CEO said today tha to deliver more content hat can deliver solid margins.
4. From 31 July 2022 we will providing Ceasers pari-mutual services- this will then be on the balance sheet!
5. By end of August- ready for the Spring Racing Carnival the new wagering venture powered by Betmakers will hopefully be up and running.

This is just the tip of the iceberg. Find another company that has so many revenue streams coming on line. Fingers cross they can execute quickly and effectively.

 

[ScottBET]

This is good to see, that NY hasn’t greatly impact NJ handle!

 

[Lattelarry]

Nice to see a bit of green today. Very curious how the shorts will play out. They have a huge amount of shares to buy back.
Still no response from Jane about why we didn't get any announcement for Malaysia. So strange as most ASX companies would milk that.

 

[Just Westy]

Nice to see a bit of green today. Very curious how the shorts will pay out. They have a huge amount of shares to buy back.
Still no response from Jane about why we didn't get any announcement for Malaysia. So strange as most ASX companies would milk that.

Yep interesting indeed they need to invest in a West Perth pump pack.

The green is certainly welcome but I have another buy at .50 for when they knock it back down though wouldn't mind if it doesn't get hit.

 

[Lattelarry]

Yep interesting indeed they need to invest in a West Perth pump pack.

The green is certainly welcome but I have another buy at .50 for when they knock it back down though wouldn't mind if it doesn't get hit.

Looks like that buy at $0.50 might turn out to be a good call!

 

[Cameron]

Something tells me bilo on hotcrapper is actually shitting himself right now

 

[Lattelarry]

Something tells me bilo on hotcrapper is actually shitting himself right now

I think he must have closed his short because otherwise there would be a million useless posts from him and new threads with no point.

 

[ScottBET]

Heard on the grapevine that June 4th is called Betmakers Day at Monmouth- I wonder if this will be the day when we ramp up with more tracks added to our offering?

 

[This is Anfield]

Good one Reg, another arm of Betmakers that appears to be going well. Surely you have to throw the 2k into Bet shares tomorrow haha.

 

[Cameron]

Again I'm no Chartist but I know a bull flag when I see one of if we can somehow mop up these shares. To the point of 52c I think we can safely say we won a hard fought battle

 

[Cameron]

I hope not lol

 

[Lattelarry]

Seems shorts have stopped hammering it. Hoping that we will now begin a gradual trip back to $0.70ish where they might try again.

 

[comin2getme]

Seems shorts have stopped hammering it. Hoping that we will now begin a gradual trip back to $0.70ish where they might try again.

You spoke too soon. It's relentless. They are on a mission with purpose and it wont stop until they are done. They are waiting for something. Sneaky nasty or accumulating. Keep some powder dry for the blood days and get those shares from under them.

 

[Lattelarry]

You spoke too soon. It's relentless. They are on a mission with purpose and it wont stop until they are done. They are waiting for something. Sneaky nasty or accumulating. Keep some powder dry for the blood days and get those shares from under them.

Accumulating - taking from the impatient.

 

[Lattelarry]

Not a chartist either Cam……but I think it is a setup for a Bull trap….we could see a push to 54c followed by more macro and other global issues/shortages that will drag us down to possibly worst case scenario of 44-46c……….then we should churn till the release of the 4th qtr and fire up the rockets from there…..just my opinion though.

Looks like this is playing out - probably hunting for stop losses.

 

[Ibetfixed]

Looks like this is playing out - probably hunting for stop losses.

Yes .. Reg has called it to a tee!!

 

[Lattelarry]

Grabbed some more before the close $0.45 was too good to pass up. Even if it drops more it's still a price I never thought we'd see once FO started. And I'm very confident that this will get back above $1 at some point, probably when the shorters finally get squeezed or bored.

 

[comin2getme]

Grabbed some more before the close $0.45 was too good to pass up. Even if it drops more it's still a price I never thought we'd see once FO started. And I'm very confident that this will get back above $1 at some point, probably when the shorters finally get squeezed or bored.

I doubled down at 46c. Seemed like a reasonable place to start averaging down. Will buy more after the report... i reckon there will be some bargains