Betr (new betting app)

[The Cryptkeeper]

What $1000 match deposit?

BlueBet often email me with that one. Ladbrokes will occasionally match to $500.

 

[anabac]

BlueBet often email me with that one. Ladbrokes will occasionally match to $500.

I bet and lose with Ladbrokes all the time and the most they offer me is 50% to a Max of $50. You must be losing a lot of money to get those offers

 

[The Cryptkeeper]

I bet and lose with Ladbrokes all the time and the most they offer me is 50% to a Max of $50. You must be losing a lot of money to get those offers

Not at all. I am a $10 bettor mate (not a chance I am in profit though). Rarely use either site.

To be fair, I haven't heard from Ladbrokes in ages but BlueBet send me an email perhaps once every few months. I was running a punters club via Ladbrokes with some mates last Spring so that may have had something to do with it too.

 

[The Prosecutor]

BetR now offering $100 cash to opt out of Penrith at $101

 

[fpm84]

BetR now offering $100 cash to opt out of Penrith at $101

Received this too but surprisingly no cash out offer on the Celtics who are $2.60ish favourites at most outlets.

 

[The Prosecutor]

Received this too but surprisingly no cash out offer on the Celtics who are $2.60ish favourites at most outlets.

I'm sure they're holding out hope the Sixers knock them off.

 

[sohohoho]

Received this too but surprisingly no cash out offer on the Celtics who are $2.60ish favourites at most outlets.

Likely not as heavily backed as Geelong or Penrith.

Panthers would be ginormous liability

 

[kickazz]

BetR now offering $100 cash to opt out of Penrith at $101

Not even half market value for Penrith.

Must have a big liability on these, add in the fine they got for it I'd almost consider cashing out if they weren't backed by serious money.

 

[The Prosecutor]

BetR up for sale: Betr for sale after inbound interest, Barrenjoey hired

 

[anonymoose]

Hopefully they get lowballed like they do with the 100-1 cash out offers

 

[Pklz]

Got offered $250 to cash out both my Panthers and Celtics bets

 

[freo_leo29]

Betr musnt rate Geelong

Haven't been offered jackshit

 

[Fadge]

Got offered $250 to cash out both my Panthers and Celtics bets

Unders.

 

[Peter Doherty]

Got offered $250 to cash out both my Panthers and Celtics bets

Yep, got this exact offer this arvo.

 

[kozi]

Got offered $250 to cash out both my Panthers and Celtics bets

Betfair route is $374 right now just for Boston

 

[kozi]

BetR up for sale: Betr for sale after inbound interest, Barrenjoey hired

Been a classic pump and dump

 

[The Prosecutor]

Been a classic pump and dump

Not sure the ever got the pump TBH. They completely botched the launch and as far as I can tell it has been downhill since. Would certainly appear to be the case since their investors won't contribute any further funding, News LTD are reportedly furious with the built up liability from the initial 101 promos and now they're looking to sell rather than acquisitions.

In all likely hood, the reason the cash out offers are going out now (especially for Penrith who aren't looking that great atm from what I can see) is that the're trying to clear as much of the liability as possible to help push through a sale.

As tasty as the $101 odds were, they massively ****ed up by launching prior to being ready and not having competitive ongoing promos compared to competitors.

 

[Reveen]

 

[Jugada]

The fact they would have got like no retention from their brilliant Spring offers is hilariously bad. How a company with that much money can put out a website that is complete ass is a mystery to me

 

[sohohoho]

would love to know what % of sign ups had more than just the 100/1 bets, there are blokes out there with 100+ accounts all used for this only, completely skewed their early numbers
It is a giant mess for them now

 

[54Dogs]

Bit surprised Tripp has read the market changes so poorly tbh, obvs had plenty of previous pump and dump success and must have assumed doing whatever it takes to build a client database would drive the required value for the sale. Problem is launching with such a poor interface was a train wreck and the minute the promos dried up everyone jumped ship.

They prob modelled that 20-30% of the clients they grabbed via promos would stick but tbh no surprise if they're running north of 95% of accounts as inactive. It's a total mess and not sure who would want to buy it unless it's going at fire sale prices.

 

[iluvparis]

Bit surprised Tripp has read the market changes so poorly tbh, obvs had plenty of previous pump and dump success and must have assumed doing whatever it takes to build a client database would drive the required value for the sale. Problem is launching with such a poor interface was a train wreck and the minute the promos dried up everyone jumped ship.

They prob modelled that 20-30% of the clients they grabbed via promos would stick but tbh no surprise if they're running north of 95% of accounts as inactive. It's a total mess and not sure who would want to buy it unless it's going at fire sale prices.

Rebrand as Bigfootypuntbook.com and get Chief to fund us?

 

[fpm84]

Got a $200 cash out offer on Celtics this morning.

 

[The Cryptkeeper]

I've been offered zip for my Panthers bet.

 

[Peter Doherty]

Offered $250 for Boston and Penrith cash out last week and now $200 for just Boston this morning.