I posted this across the street a couple days ago. Sbr, when quoting my stuff to make yourself look like an expert, give credit, otherwise you look as bad as sting.
But that's no suprise.
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Starting to see rumours and a pile of BS flying around the net about wwts.
Thought I'd put the facts out.
-wwts, as the main subsidairy of Betcorp, will close out 2003 with about an us$8mil. annual profit (my own projection).
-Betcorp doesn't have any other profitable operations, and is actually just a shell which was purchased by Billy Scott (not the other way around) so he could pull some cash out of wwts. I won't go into the details of that now, its not relevent.
-betcorp is in a sound financial condition. They paid off several months early, $15mil of convertable notes this last fall to Billy Scott etal for the wwts reverse aquisition. They have left about $2.2 mil in notes due in 2005. They have no other long term debt, and are reporting operating profits.
-Many are asking about the 20% bonus and is this a sign of trouble, as well as the aggressive marketing campaign. This is not a sign of trouble.
wwts has found a profitable model appealing to recreational bettors. The bookmaking at wwts is very strong as evidenced by their higher hold % than other bookmakers. IN the past they've eaten through this hold by appealing to a sharper crowd. They've now found it more profitable to offer higher bonuses, with more aggressive marketing, to more square bettors. In short, they are using their high skill in booking to a less smart crowd.
The number of active bettors is rising at wwts, as is their handle, up to $175mil in the 3rd quarter, and with their high hold %, it easily over comes increased marketing costs.
In addition they are marketing heavily to asian bettors, a new field for them.
-management is strong at betcorp, its the old billy scott crowd, with wiz kid simon noble in the mix, who has been successful in greatly improving the internet based sector of wwts business, just as he did at intertops.
-the current financial situation at wwts/betcorp is reflected in their stock price .72au, which has been in a substantial uptrend the last few months. One year ago billy scott was issued 62mil shares at .44, so he and his partners have benefited greatly and there is no reason for them not to keep the money train on course.
In short, the cash position of wwts, their business model, strong bookmaking hold %, and their financial transparancy easily put them in the top 5 safest books in the world for US bettors, for now and the foreseable future.
On another note, their customer service has been at best spotty since their transition, and they are not in control over all their promotions. The confusion with their various offerings has resulted in a lot of bettor frustration, and I empathize with the latest bettor who is frustrated with them not honoring their offerings and is currently slandering the company.
Until wwts can straighten out their promotional nightmare bettors should be careful to have everything nailed down and confirmed before taking advantage of any promotions.
But that's no suprise.
`````````````````````````````
Starting to see rumours and a pile of BS flying around the net about wwts.
Thought I'd put the facts out.
-wwts, as the main subsidairy of Betcorp, will close out 2003 with about an us$8mil. annual profit (my own projection).
-Betcorp doesn't have any other profitable operations, and is actually just a shell which was purchased by Billy Scott (not the other way around) so he could pull some cash out of wwts. I won't go into the details of that now, its not relevent.
-betcorp is in a sound financial condition. They paid off several months early, $15mil of convertable notes this last fall to Billy Scott etal for the wwts reverse aquisition. They have left about $2.2 mil in notes due in 2005. They have no other long term debt, and are reporting operating profits.
-Many are asking about the 20% bonus and is this a sign of trouble, as well as the aggressive marketing campaign. This is not a sign of trouble.
wwts has found a profitable model appealing to recreational bettors. The bookmaking at wwts is very strong as evidenced by their higher hold % than other bookmakers. IN the past they've eaten through this hold by appealing to a sharper crowd. They've now found it more profitable to offer higher bonuses, with more aggressive marketing, to more square bettors. In short, they are using their high skill in booking to a less smart crowd.
The number of active bettors is rising at wwts, as is their handle, up to $175mil in the 3rd quarter, and with their high hold %, it easily over comes increased marketing costs.
In addition they are marketing heavily to asian bettors, a new field for them.
-management is strong at betcorp, its the old billy scott crowd, with wiz kid simon noble in the mix, who has been successful in greatly improving the internet based sector of wwts business, just as he did at intertops.
-the current financial situation at wwts/betcorp is reflected in their stock price .72au, which has been in a substantial uptrend the last few months. One year ago billy scott was issued 62mil shares at .44, so he and his partners have benefited greatly and there is no reason for them not to keep the money train on course.
In short, the cash position of wwts, their business model, strong bookmaking hold %, and their financial transparancy easily put them in the top 5 safest books in the world for US bettors, for now and the foreseable future.
On another note, their customer service has been at best spotty since their transition, and they are not in control over all their promotions. The confusion with their various offerings has resulted in a lot of bettor frustration, and I empathize with the latest bettor who is frustrated with them not honoring their offerings and is currently slandering the company.
Until wwts can straighten out their promotional nightmare bettors should be careful to have everything nailed down and confirmed before taking advantage of any promotions.
BigMo,
I got it from the same annual report you got it from Mr Expert LOL... I thought all you did was make up stuff? Oh yea, you did make up your own little reverse merger conspiracy LMAO..
http://www.betcorp.com.au/Open_Briefing_30_10_2003.pdf BigMo, do you really think you are the only one that can click a mouse? You are a funny kind of moron.
acw
The 20% applies to NT because there are no charge backs or pullbacks, ect.
[This message was edited by Buzzsaw on January 14, 2004 at 11:29 PM.]
I got it from the same annual report you got it from Mr Expert LOL... I thought all you did was make up stuff? Oh yea, you did make up your own little reverse merger conspiracy LMAO..
http://www.betcorp.com.au/Open_Briefing_30_10_2003.pdf BigMo, do you really think you are the only one that can click a mouse? You are a funny kind of moron.
acw
The 20% applies to NT because there are no charge backs or pullbacks, ect.
[This message was edited by Buzzsaw on January 14, 2004 at 11:29 PM.]
Every thing you got from your post came from RIGHT HERE http://www.betcorp.com.au/Announcements.asp
..yet I didn't see you reference any source. I read all their updates all the time moron..LOL Did you just discover that???
That reminds me, you promised some proof on your SBR conspiracy theory... Any moron can make something up BigMo(ron)
..yet I didn't see you reference any source. I read all their updates all the time moron..LOL Did you just discover that???
That reminds me, you promised some proof on your SBR conspiracy theory... Any moron can make something up BigMo(ron)
When without the facts resort to attacks, but name calling just makes you look bad.
Like I said, you never posted any financials until my post went up, you can't spin the facts.
Just so everyone knows, if they sign up to a book through your site you get a cut off all their losses.
That's why he doesn't take "advertising".
That's why books who he can't cut a deal with get a bad rating and no link.
sportsbookreview is joewager.
Like I said, you never posted any financials until my post went up, you can't spin the facts.
Just so everyone knows, if they sign up to a book through your site you get a cut off all their losses.
That's why he doesn't take "advertising".
That's why books who he can't cut a deal with get a bad rating and no link.
sportsbookreview is joewager.
Nah, not name calling...you are a moron for making up silly false conspiracys. I offer to bet you 10 dimes and make your best friend Peep the judge and you run and never post about it again until now. You promised then to provide all your "facts". So where are they? Why not win an easy 10 dimes?
When you make false things up about people you have to expect they are going to stay on your tail like I'm doing to you. Next time you should think twice about your fairy tales.
When you make false things up about people you have to expect they are going to stay on your tail like I'm doing to you. Next time you should think twice about your fairy tales.
