its gambling just like your average joe that doesn’t understand trading and call it gambling. For me, sports betting is not picking your favorite team to win. For me it’s all about math, picking against odds/stats in a game.
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Bear thesis looks fkd for tomorrow
- Thread starter KCalhoun
- Start date
its gambling just like your average joe that doesn’t understand trading and call it gambling. For me, sports betting is not picking your favorite team to win. For me it’s all about math, picking against odds/stats in a game.
Back to talking about trading...
Take 75% off the table and run. Don't walk.
I meant to type that when I logged back in a little while ago but I was side-tracked in another thread.
If you place a bet in sports betting, can you then recall the bet before the end result is known?
yes and i have done it with some games. For example, let say you place a bet for warriors vs mavs for warriors to win the game for a payout of $80. Let’s say the warrior are up by 10 pts in 3rd qt., then they will let you cash out of the winning of $60 instead of $80. Or if the warriors is down by 10 pts in the 3rd qt., they may let you cash out of $50, so you will be losing $50 instead of $100.
Interesting. I always thought of it as one-and-done. Well, in any case, the Warriors are going to win the conference championship. So put a hundo on that one. (I am obligated to say that, because I live with Warrior fans. But I don't like the Celtics, so no sweat either way, ahha).
And who enables all those transactions, data feeds, etc....?
VZ's favorite Swedes.
Swiss/Swedes... whatever.
SRAD>>> $9
AND... They make money.
https://www.barrons.com/articles/sportradar-sales-peers-cashflow-51652886983
Spotted them before they went public.
https://elitetrader.com/et/threads/gbas-2021-stock-phantasma.354298/reply?quote=5357251
It didn't SPAC btw, it ipo'd itself.
BUY BUY BUY!!!!
SRAD>>> $9
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Yet Sportradar’s business is thriving. March quarter revenue was $186 million, compared with $152 million in March 2021 (when the company’s reporting currency of the euro was worth more). Revenue in the U.S. grew 124%, to $29 million. Even a recession won’t be bad for betting businesses, said Koerl.
“Our business in the U.S. is growing like a rocket,” financial chief Alex Gersh told Barron’s after the earnings call. U.S. bookmakers are spending more to acquire customers – through commercials and billboards – than bookmakers in the rest of the world. That unsustainable spending creates an opportunity for Sportradar, which offers online ads that are targeted to individual betters. Revenues in Sportradar’s ad business grew 71% in the March quarter.
Investors have lost patience with unprofitable growth stocks like the bookmaker DraftKings (DKNG), which lost $468 million on $417 million in March quarter revenue. The vortex of falling growth stocks pulled down Sportradar, even though the data vendor is generating cash. In the March quarter, Sportradar had $30 million in Ebitda (adjusted for noncash charges like stock compensation and foreign exchange). After capital spending, half of that cash flow was free cash flow.
Chief executive Koerl told conference call listeners that the war in Ukraine was hurting June quarter revenue growth. But the company thinks it can make up the revenue losses by year end, and maintained guidance for 2022 revenue growth of 18% to 25%, and growth in adjusted-Ebitda of 21% to 30%.
In addition to the cash it is generating, Sportradar has about $870 million in available funds to grow its business, says CEO Gersh. “People put us in the same category as the highfliers who have revenue growth, but no profitability and no cash generation,” said Gersh. “We have a tremendous war chest.”
“Our business in the U.S. is growing like a rocket,” financial chief Alex Gersh told Barron’s after the earnings call. U.S. bookmakers are spending more to acquire customers – through commercials and billboards – than bookmakers in the rest of the world. That unsustainable spending creates an opportunity for Sportradar, which offers online ads that are targeted to individual betters. Revenues in Sportradar’s ad business grew 71% in the March quarter.
Investors have lost patience with unprofitable growth stocks like the bookmaker DraftKings (DKNG), which lost $468 million on $417 million in March quarter revenue. The vortex of falling growth stocks pulled down Sportradar, even though the data vendor is generating cash. In the March quarter, Sportradar had $30 million in Ebitda (adjusted for noncash charges like stock compensation and foreign exchange). After capital spending, half of that cash flow was free cash flow.
Chief executive Koerl told conference call listeners that the war in Ukraine was hurting June quarter revenue growth. But the company thinks it can make up the revenue losses by year end, and maintained guidance for 2022 revenue growth of 18% to 25%, and growth in adjusted-Ebitda of 21% to 30%.
In addition to the cash it is generating, Sportradar has about $870 million in available funds to grow its business, says CEO Gersh. “People put us in the same category as the highfliers who have revenue growth, but no profitability and no cash generation,” said Gersh. “We have a tremendous war chest.”
Dude, you really went off the rails there. You responded to a simple post about who would win conference games in the NBA between myself and vincentnyc, and turned it into psycho-analysis of markets. VZ, I think you need a vacation.
“People put us in the same category as the highfliers who have revenue growth, but no profitability and no cash generation,” said Gersh. “We have a tremendous war chest.”
Ya gotta love the Swiss. They should build Volvo's.
No.... you need to go back to YouTube vids and myofb.
This is a forum for making money.
Try it sometime instead of buying ONE future 3 months out and posting 80 posts/day
I own SRAD at $10 and I love talking my book.