Alright Degenerates- I posted a small little snippet a day or so ago about BFT. I wanted to do a bit of DD on BFT but also wanted to highlight something that was brought to my attention by a degenerate gambler. Lastly, I wanted to compile some good little snippets that have been put together by some other members as well as from the investor presentation. submitted by dhsmatt2 to wallstreetbets [link] [comments] Before reading further please understand the major Risks.
MY POSITIONS - Mostly PRPL, PSTH and BFT/BFT.Whttps://preview.redd.it/ygrfo9vp0b461.jpg?width=1065&format=pjpg&auto=webp&s=ccd5cd4846d0cdcd6f1ed0e7a37548399a5cf461 https://preview.redd.it/fd3o99vp0b461.jpg?width=1072&format=pjpg&auto=webp&s=96faf02b077fc060c6025bbf7976b54edc6db493 The Customers and MOAT
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PayPal has many restrictions in Europe regarding iGaming , so does Square. This is a big play on iGaming for those that aren’t aware. I was a mid- high stakes online poker player through the 2010-2018. Played a variety of sites. : iPoker; PokerStars, Paddy, MicroGaming, 888, Party. Why so many sites? Because I was always on lookout for where the action was, if a big whale sat down at one online casino; you bet your sweet ass I’m there. So let me give you my take as a consumer that’s probably spent over $100,000 in transaction fees personally on Paysafe. This was one of the cheapest and fastest ways to move money around online. Unlike Stripe this which is against risky business such as CBD and gambling, paysafe is actually one of the leading payment providers in both UK/AUS / Ireland for iGaming. Big example is William Hill, Bet365, Bwin. Now why would you want to move money online around as a gambler ? Well, Visa/MC charge close to 50%->75% more, online casinos = the merchant. They don’t wanna pay that, and in fact put limits on this type of payment processor. (Your visa’s credit cards etc). If a punter deposits / withdraws frequently, the online casino could literally be on the hook for like 20-30% of the turnover throughout the gambler’s period. (This assumes the gambler doesn’t lose all his money per deposit. Imagine you’re a professional sportsbettor, you’re not loyal to one site. Different spreads / odds are offered on every site, you want to be able to move your money from one to another quickly and cheaply. Arbitrage opportunities do exist in sports betting as bookmakers hedge their books to minimize risk, diff frequencies of bets occur on each sports book; you get the idea. For recreational punters, it’s simple: some sporting events that are smaller simply don’t exist on one site that exist on another. Eg. Perhaps you using Pinnacle / 10dimes for low spreads on high volume events, but perhaps you want to gamble on live events on bet365 on another day, and bet ponies on Hill. What if you only have $5000 ? Giant pain in ass to deposit money to each site, paysafe lets you move it around easily. Should you use visa, you may get blocked from depositing on various sites; Bodog, WHill, Bet365 just to name a few. Withdrawals and clearing deposits with bank transfers or checks takes days-> weeks and gamblers ain’t gonna wait for that shit. You can also buy prepaid paysafe cards from stores if you don’t wish to use your real credit card; and load that shit up. One of the biggest markets this is prominent in is South east Asia, they are some of the biggest punters and fucking loving gambling. Looking at you pinoys, Indonesians, Malays. Not everyone wants to fly to Macau to get their rocks off. As much as this is a play on FinTech, please understand this company has more or less the best Payment service on online gambling globally. ----------------------------------------------------------------------------------------------------------------------------------------------------- The Comparable VALUATIONSFrom this chart you can see that there looks to be some favorable multiples that could improve once a deal closes. Also, I'm very bullish on the great Margins as well as the conservative growth. I think Foley along with the growing Igaming undervalues the potential of this company. Just the Draft Kings relationship make me tingle. CHART is COURTESY of u/CoachCedricZebaze https://preview.redd.it/aozxwuft0b461.jpg?width=722&format=pjpg&auto=webp&s=e40cbc4538ff3bef87a31050dca316ecae996a9b Management and Growth
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This is an end to end payment processor with big big big name relationships for very disruptive companies that have huge addressable markets. The reason I am excited is because IGAMING is just really starting to take off and Paysafe is a first mover with brand new experienced management and very very fair valuations that could pop after a merger. TL;DR- BUY BFT stock and BFT.W because BFT stands for big freaking tenderloins. |
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Name | Pros | Cons |
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Betway is a worldwide website which has its particular customers from all over the globe. Betway is various from various other bookies due to the fact that they are accredited in a great deal of European territories. Consequently, they have rigorous needs of customer personal privacy, withdrawals as well as deposits as well as on top of them is client protection. | · Great for Beginners due to user-friendliness · Selection in the choice of chances like cricket, football, equine auto racing, rugby and more · The convenient way of transfers: Visa Card, Bank Transfer, Skrill, and also a lot more | Do not use terrific promos. Customer support assistance is of poor quality. |
Betbarter is a family member beginner on the on-line betting market. Yet, they have actually right away approved the scenario as one of the most effective online wagering sites for payouts in numerous European countries, and now they have actually transformed their focus to India. | Uncomplicated to use interface Selection of sports competitors for wagering Enormous promotions use for brand-new consumers Easy ways of deals to sustain local Indian consumers | Client service assistance is a little bit sluggish. |
LeoVegas Here on our website, we have actually seen that massive numbers of customers liking LeoVegas, and we can thoroughly obtain why. They have an amazing product variety with a considerable amount of satisfying club video games as well as remarkable, flexible wagering experience. We enthusiastically prescribe that you offer this bookmaker a shot. It fasts, secured and safe! | Mobile video gaming experience which indicates that you can position bank on the go! Range of casino site video games integrating online gambling establishment tables and online ports. The easy enrollment process to make it possible for new individuals to sign up. | Sports wagering games variety is limited to prominent ones only. Advertising deals are much less. |
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Bodog Although some might be listening to this name for the first time, yet, Bodog is amongst the oldest bookmakers [2] currently running. It was originally developed in 1994, that makes its presence among the earliest sites for wagering. They started as just an on the internet poker area. Nonetheless, with time procured numerous competitors with other betting highlights, and also in the end, turning into the significant and also popular betting website that they are today, complete with betting on sports, on-line betting club, live club, online poker and more. They have now made their entire wagering portfolio accessible to Indian gamers, so we expect that they will wind up being an inexorably widely known as well as best on the internet betting site in India via the span of minimal years! | Practical choices for deposits like Visa card and e-wallets, for example, Skrill, Neteller and also more. Uses cost-free live streaming of different sports matches like cricket, horse auto racing, football and more. Deal both choices of gambling establishment as well as sports video games. | Withdrawal alternatives for consumers are restricted. Competition wagering is not offered. |
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