The scale of this deal is extraordinarily large. The deal is that Bartholomew bets $200 million per year or about $3.9 million per week. If he bets on 30 race meetings per week, that would amount to about 260 races. So he's betting $15 000 on average per race. The risk is that the losses incurred catering to Bartholomew dwarf the rest of the business and wipe it out. If he makes 5% on turnover, that's $10 million per year. The opportunity is that they leverage the loss lead off Bartholomew into a viable large scale tote business. There doesn't look to be much middle ground.
Reaper.
- Forums
- ASX - By Stock
- BET
- Ann: One of Australia's biggest punters bets on the Global Tote
Ann: One of Australia's biggest punters bets on the Global Tote, page-3
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BET (ASX) to my watchlist
|
|||||
Last
8.1¢ |
Change
-0.002(2.41%) |
Mkt cap ! $78.17M |
Open | High | Low | Value | Volume |
8.5¢ | 8.5¢ | 8.0¢ | $72.73K | 892.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 178554 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.3¢ | 60000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 178554 | 0.081 |
2 | 60290 | 0.080 |
4 | 289341 | 0.079 |
2 | 350188 | 0.078 |
8 | 439035 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 60000 | 1 |
0.084 | 35400 | 4 |
0.085 | 122884 | 3 |
0.086 | 281656 | 3 |
0.088 | 45000 | 1 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
BET (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online