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Global Tote to add some competition into the tote environment - Racing Talk - Racehorse TALK

Author Topic: Global Tote to add some competition into the tote environment  (Read 2002 times)

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Offline bascoe

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O.P. « 2017-Feb-01, 07:53 PM »
Some interesting developments in the development of a new tote to compete with the big 3... Global Tote.

I understand their takeout will be 10%, and I believe the Global Tote will begin operations in the next few months.  The press release below - from the TopBetta website - announces that Ladbrokes will be replacing their current tote offerings with Global Tote

http://www.corporate.topbetta.com/wp-content/uploads/2016/12/1624275.pdf

Liquidity will be the issue at the outset, but who knows where it will lead...
Quote
In addition to the deal with Ladbrokes, TopBetta is also pleased to announce that it has received  approval for The Global Tote by Racing NSW in respect of NSW thoroughbred racing.  The Global Tote, licensed as a B2B  wagering product in Alderney UK, is expected to launch next month and has now been approved by Racing NSW
(thoroughbred) Greyhound Racing Victoria,  Racing Queensland (including racing, harness and greyhounds), Racing Victoria (thoroughbred),  and Canberra Racing Club (thoroughbred, harness and greyhound racing).

Online jfc

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« 2017-Feb-01, 07:58 PM Reply #1 »
It's been coming real soon for a long time.

I'd like to know who is really behind it, but am not holding my breath.

Last time I checked it was clandestine.

Offline bascoe

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« 2017-Feb-04, 12:52 PM Reply #2 »
Here is an update from TopBetta:

Here is a general note to let you all know that the Global Tote is about to kick off with our first meeting to bet on Newcastle gallops on Tuesday next week (the seventh) and some of the details. What we’ve decided to do is get up and running and start betting in a bit of a gradual process; all the backend functionality has and is being exhaustively  tested and will be as ready to go as much as it possibly can (and then some) before being live.

To ensure everything runs as smoothly as possible, we thought just focusing on the one meeting per day initially is the best option.
So in some ways it is a 'soft launch', but it definitely won’t be treated that way as it will be serious betting.

Looking ahead, Wednesday’s meeting will be Sandown and I’ll let you know what Thursday, Friday and Saturday are early in the week; hopefully Saturday could even be both Sydney and Melbourne.

As far as marketing goes, we’ll be doing heaps of promos, emails, texts etc to the Topbetta database like free bets on the Global Tote etc, Dynamic Odds are doing a stack of things, Racing and Sports and 12Follow will also have plenty of coverage as will our affiliated sites

Offline Entropy

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« 2017-Feb-06, 03:49 PM Reply #3 »

Online jfc

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« 2017-Feb-06, 04:15 PM Reply #4 »
Wouldn't surprise me if MWS is Zeljko's disbanded Typhoon Pools Norfolk Island software.

Doubt the whole concept has any chance of getting off the ground.

Far too many middlemen taking their cut.

Therefore overall Rake will be prohibitive.



So what has changed?

Modern Wagering Systems' relationship with Typhoon Gaming has come to a positive end following Typhoon Gaming's decision to leave the market following an asset sale. As such, our pages promoting the Typhoon totalisator and some of the older, Typhoon-centric posts have been removed. We wish them well.


http://modernwageringsystems.com/blog/

http://modernwageringsystems.com/contact-us/

Online jfc

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« 2017-Jul-15, 08:07 AM Reply #5 »
This is now live and all of us can see it in action now.

And TBH has seen a massive price spike, along with an absurdly bullish article from The Australian about TBH's spectacular quarterly figures.

Anyone stupid enough to have actually bought TBH needs to dump them pronto!

I might explain the obvious reasons when I can't find anything better to do.

https://odds.globaltote.com/racing

http://www.theaustralian.com.au/business/dataroom/eyes-on-wa-tab-topbetta-as-tabcorps-tatts-play-drags-on/news-story/d5ac6346a6cc9f2458ae03d9d78d7b5b

Online jfc

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« 2017-Sep-04, 10:19 AM Reply #6 »
The business model is completely wrong.

Far too many snouts in the trough chewing up the low Rake.

That special mates' rates deal with Sean Bartholomew will not add a single cent to EBITDA.

http://www.afr.com/business/gambling/topbetta-primed-for-big-spring-racing-carnival-20170831-gy8lod


Online jfc

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« 2018-Jan-29, 01:57 PM Reply #8 »
TBH came out with its Quarterly a week back.

Sensational QoQ growth.

Turnover now nearly 6% that of Australia's total Tote!

I still think it is ultimately doomed. The next proper Report might hold some clues about how much money it's lost.

Meanwhile I just read a claim about its GOAT product that boosts dividends above Top Tote!

Anyone here know if that's still true?

Anyone here tried it?

Online jfc

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« 2018-Feb-22, 03:25 PM Reply #9 »
TBH just released its Interim Report.

Where there may be some clues.

First one punter (presumably Sean Bartholomew) is responsible for 48% of the soaring Revenue (aka Rake).

Naturally Sean enjoys Kickbacks. They are probably booked under Marketing Expenses and seem to be North of $2 million.

So Sean seems to be on ~4%. Pretty significant when the Rake is only 10%.

As to overall health, EBIT looks very crappy.

It has worsened by $1.5 million to $6.8 million.

Not the way things should go with sensational Turnover surges.

My rating - Prefer others.


Online jfc

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« 2018-May-12, 06:54 PM Reply #10 »
Just checked TBH on the ASX.

In it's running year it's plummeted from ~50 cents to ~10 cents!

QoQ-

-35% Turnover
-26% Revenue
-38% Active clients

I saw something like this coming.

Why couldn't professional fund managers playing with public money do likewise!

Offline bascoe

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« 2018-May-15, 06:21 PM Reply #11 »
Seems global tote have dispensed with TopBetta- Daniel Simic bought it in April
“Fantasy sports company PlayUp has made quite a splash in the wagering industry in the past few days, buying the bookmaking businesses of ClassicBet and TopBetta as well as securing the Australian fantasy sports platform Draftstars.”




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Online jfc

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« 2018-Aug-14, 05:51 PM Reply #12 »
TBH (now minus Global Tote) appears to have continuing problems.

7.6 cents is very far from 40+ cents a year back.

As well as distant from the ~30 cents share issues along the way.

https://www.theaustralian.com.au/business/margin-call/margin-call-betmakers-raising-facing-a-brick-wall/news-story/923964b8105b83923a7c9f0c991e6f57


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