3P - Why the Delays?

[Hollywood Jesus]

They dont.

This is what I'm trying to say.

EzyBET were going to bring in Eels Bet just like how the Knights and Sharks have their own Betting Agency.

We dont have a direct betting agency with us. Centrebet were brought in as a Sponsor and that's it. Nothing to do with put a percentage back into the club itself.

BetEZY were going to do both, give the club a sponsorship and also set up Eels Bet were eels fans instead of using the other agencies, would place a bet directly with the club and the club would retain a certain percentage of that bet.

Is it possible that the guaranteed sponsorship from Centrebet is larger than the combined sponsorship + return from EzyBET?

Do you have numbers (if, that is, you're allowed to give them out)?

 

[Jodeci]

Is it possible that the guaranteed sponsorship from Centrebet is larger than the combined sponsorship + return from EzyBET?

Do you have numbers (if, that is, you're allowed to give them out)?

I dont have the numbers but I was told that the BetEZY numbers was way more then the centrebet deal.

 

[Hollywood Jesus]

Was that projection based on the inclusion of the returns or purely on the base amount (sponsorship)?

 

[Gronk]

I dont have the numbers but I was told that the BetEZY numbers was way more then the centrebet deal.

I'm confused (not unsual). How would you know how many Parra fans would bet on-line via an Eels flavoured betting website ?

Some might say, that getting a guaranteed amount up front makes life easier when it comes to budgeting, rather than receiving your cash in a trickle and not actually knowing how you will end up. Bird in the hand etc.

 

[MarkInTheStands]

Yeah I remember Sevens talking about the EzyBet Deal.

He said that the club would receive 50% of Turn over, not profit but Turn Over from any Betting done on line or at the clubs (Phone) outlets which could have been on every level of the club.

Sevens also said that if all the members bet $200 a year that would mean EzyBet would cover us for 4 million a year. . . .

I always thought that was some Big Ifs.

At 10% thats $800,000 but even then, all 40 thousand plus members have to bet $200 dollars on TAB or Sports events in the year.

So, when you consider that the TAB Facilities were supposedly costing the club $16,000 a week (Like they do for other pub and clubs as well) and that the board made a financial decision to not keep the TAB as it couldn't cover its own costs, does anyone here think, that we would have the volume of betting required to make any sort of "Real" Cash out of the EzyBet agreement?

I know my family are all members of the club, and our annual spend on the TAB is no where close to $200 each. I am lucky to spend $50 or so on the cup each year.

 

[mickdo]

Mark, there are a lot of non-members who are parra fans too

 

[MarkInTheStands]

Mark, there are a lot of non-members who are parra fans too

Oh no doubts,

But 40,000 of them. . . . Betting $200 a year. . . . At a website where they have to register with their betting and account details and deposit money?

Also do you think that some of them might already be members of say CentreBet or TABSportsbet and might not want to change.

 

[MarkInTheStands]

Mark, there are a lot of non-members who are parra fans too

Also that would mean we would have to get them all going into the website to bet.

Also IIRC Sevens said they would need some sort of account to bet "in person" at the clubs "Phone" terminals so be that the club membership or Registering with EzyBet that is something else to consider.

 

[mickdo]

Oh no doubts,

But 40,000 of them. . . . Betting $200 a year. . . . At a website where they have to register with their betting and account details and deposit money?

Also do you think that some of them might already be members of say CentreBet or TABSportsbet and might not want to change.

Mark, quite obviously that was just an example and not an expectation

 

[mickdo]

Also IIRC Sevens said they would need some sort of account to bet "in person" at the clubs "Phone" terminals so be that the club membership or Registering with EzyBet that is something else to consider.

I don't see what your issue with this is...

 

[El Diablo]

How could the club have had Betezy and the TAB at the same time?

i'm talking about inside the club

 

[MarkInTheStands]

Mark, quite obviously that was just an example and not an expectation

It wasn't obvious to me.

I don't see what your issue with this is...

Who says I have an issue with it. If the Board want to go with EzyBet then go for it. I don't see how having a betting sponsorship that may expire in a few months has any effect on them installing a Betting Stall or booth at the Licensed Venue. Hell it might even ensure we get the Sponsorship when the current one expires.

I am simply relaying some of what I interpreted to be details of the possible arrangements as I understood them when they originally came to light in February or March.

 

[MarkInTheStands]

How could the club have had Betezy and the TAB at the same time?

i'm talking about inside the club

They can't by the sounds of it, But there is no TAB in the club.

 

[Hollywood Jesus]

I don't see what your issue with this is...

I think his issue is that it would not have led to many people actually registering and using the service and thus it would not have resulted in us receiving as much cash as might have been hoped for/projected. In essence, unrealistic expectations regarding forthcoming revenue.

Which is why I asked above about whether the projected earnings were based purely on a sponsorship amount or included projected returns.

For myself, I'd sign up in a heartbeat if the odds offered were favourable. I work with a 3 person syndicate and each week we bet between $30-$50 on the Eels. As such it would make sense for me to switch my patronage to any service which funnels my cash back into the Club.

 

[Jodeci]

I think his issue is that it would not have led to many people actually registering and using the service and thus it would not have resulted in us receiving as much cash as might have been hoped for/projected. In essence, unrealistic expectations regarding forthcoming revenue.

Which is why I asked above about whether the projected earnings were based purely on a sponsorship amount or included projected returns.

For myself, I'd sign up in a heartbeat if the odds offered were favourable. I work with a 3 person syndicate and each week we bet between $30-$50 on the Eels. As such it would make sense for me to switch my patronage to any service which funnels my cash back into the Club.

Spot on

Like yourself, we have a sydnicate that I'm involved in and we cover the $200 easily.

 

[Hollywood Jesus]

Spot on

Like yourself, we have a sydnicate that I'm involved in and we cover the $200 easily.

Yeah but we're in the minority. If <1% of fans are like us then the result isn't going to be a raging stream of funds into the Club.

I'd do it but who else would?

 

[Parra Future]

Yeah but we're in the minority. If <1% of fans are like us then the result isn't going to be a raging stream of funds into the Club.

I'd do it but who else would?

I would and I know I'd be one of the guys that covers the $200. I'm in a syndicate as well like yourself and Jodeci. In answer to some of the questions over the last 10 pages, John Chidiac actually has a sign-on name in league unlimited, so does Guru, so you can actually get through to them ; Directors at Football Club and Leagues Club levels. Sevens still reads these pages regularly as well, as does Geoff Gerard and Ron Hilditch. So the comments about people reading these pages are correct.

On the issue of the betting agency that 3P were promising, Terry would know the full latest extent of things better than I, however what the deal was supposed to mean was that a large windfall would come back to the club through it's usage. The plan was for all members of the LC & FC to be given access as well as non-members. E.G, anyone wanting to have a punt could go through it. However, anyone going through that website would end up seeing a percentage of their bet being given back to the LC. Through the LC and FC memberships, notice of the new initiative would be sent via emails and mailout's so people would become aware.

In more important news than the above, I spoke with Bob Gare the other day and he is still not well, but is a lot better than what he was. His health is improving which is bloody good news. Hope your all well. I'm about to ring Sevens to tell him to read this thread when he gets a chance. Bye all.

 

[Gronk]

Yeah but we're in the minority. If <1% of fans are like us then the result isn't going to be a raging stream of funds into the Club.

I'd do it but who else would?

Not me. The only gambling I do is renewing my season ticket each year.

 

[Suitman]

The only gambling I do is renewing my season ticket each year.

:lol::lol:

Suity

 

[Suitman]

In more important news than the above, I spoke with Bob Gare the other day and he is still not well, but is a lot better than what he was. His health is improving which is bloody good news.

Good to hear PF. Thanks for the update.

Suity