looks like I'm wrong!!, page-4

What ebet gets from Penn. The confusion may come from a lack of understanding. EBET has a deal that gets it around 2% of all bets taken by EBETUSA but 3% of any further franchises of EBETUSA.
You must remember that the betting company that takes all the bets is Penn Gaming a billion dollar racing and casino operator. That company deducts the percentage for distribution. A percentage goes the horse racing association, a percentage to EBET, a percentage remains with Penn etc.
In Australia the TABs take around 18/20% of every pool. In the whack up of the cash in the US it is the same. Thus eBET gets 3% of every bet or about 16% of the 18/20% deducted.
It is all profit for EBET with promotion lying with Penn or the franchisee such as Playboy or Yahoo! on their websites. The money passes straight through the website via EBET software to Penn Gaming which holds the bets. EBET has no cash outlay and gets paid to conduct work by Penn in relation to the software.
A disadvantage? Well EBET has no rights to control the advertising or promotion of EBETUSA. However with a site like Yahoo! which is the best in the racing world it should sell itself.
I checked with the company EBET gets 3% of every single dollar wagered whether it is on a winner or loser and regardless of any profit or loss by the franchisee or Penn in running the business.