Shares in FanDuel owner Flutter Entertainment jumped 3% after it delivered a strong set of Q3 results this week. The London-listed firm increased total revenue by 30% to £1.325 billion ($1.74 billion) in the three months to September 30. Flutter said the return of sport in Q3 provided it with a significant boost, resulting in surging demand for its services around the world. The United States was the fastest growing market for the business, with revenue increasing 82% to £161 million ($212 million).

Flutter consolidated its market-leading position in the US, with a 46% share of the online sportsbook market and a 29% of the total online gambling sector. FanDuel is the market leader in New Jersey, Pennsylvania and several other states. It also controls the FOX Bet brand after its $6 billion takeover of The Stars Group earlier this year. Flutter attracted another 550,000 US customers during Q3, taking its total active customer count to 1.8 million.

“We are very pleased to have retained our position as the number one online operator in the US, where FanDuel has made significant progress against each of its key priorities,” said Flutter chief executive Peter Jackson. “We have enhanced the customer experience, secured further strategic media partnerships and acquired more new customers than anticipated. We are on track to generate more than $1.1 billion of gross gaming revenue in the US this year, which will mark a major first for an online operator.”

A Unique Position

Flutter’s total US handle in Q3 reached £1.25 billion ($1.65 billion), which represented a 155% year-on-year increase. However, net revenue margin decreased from 5.1% in Q3 2019 to just 2.1% in Q3 2020. Jackson said FanDuel is keeping margins tight in order to see off competition from rivals. DraftKings and BetMGM are among the operators bidding to seize market share from FanDuel. Jackson said the firm did not want to give competitors “a lot of oxygen”.

Flutter had previously advised shareholders to expect an EBITDA loss of £140 million to £160 million for its US business in 2020. It has now increased that guidance to an EBITDA loss of £160 million to £180 million ($211 million to $237 million). That is a result of spiralling new customer acquisition costs as it bids to hold onto its market-leading position.

By contrast, Flutter expects to make a large profit on its non-US business. It increased ex-US 2020 EBITDA guidance to £1.275 billion to £1.35 billion ($1.68 billion to $1.78 billion). The online arm of its Paddy Power Betfair empire increased revenue 14% to £278 million ($366 million) in Q3, while Sky Bet revenues were up 26% to £231 million ($304 million) and revenues in Australia shot up 76% thanks to an excellent performance from its Sportsbet brand.

Flutter does not need to invest so much in new customer acquisition it those mature markets, so it takes a significant profit on those revenues. For example, Sky Bet posted a net revenue margin of 11.6% for the quarter, whereas FanDuel and FOX Bet suffered losses. That shows what FOX Bet and FanDuel must aim for, but it could take several years before they can match that sort of performance.

Overall, Jackson was extremely upbeat after delivering the Q3 results. “We’re now a truly global business with significant scale,” he said. “As such we are in a unique position to respond to the many opportunities we see across our growing markets. Looking ahead, while the outlook with respect to Covid-19 remains uncertain, we’re confident our business is well-positioned to capture further growth in a sustainable and responsible way.”

Challengers Assemble

DraftKings and William Hill have proved to be Flutter’s toughest competitors thus far in the burgeoning US sports betting market. FanDuel and DraftKings are old rivals from their daily fantasy sports days, and DraftKings has made a bold play for the sports wagering sector too. It is flush with cash after a three-way merger with white-label sportsbook provider SBTech and special purpose acquisition group Diamond Eagle Acquisition Corp., and it is also investing heavily in acquiring new customers. London-based bookmaker William Hill has long been the market leader in Nevada, and it has also spread across the country, inspiring Caesars Entertainment to mount a £2.9 billion ($3.8 billion) takeover.

However, BetMGM could yet emerge as the most significant challenger to the throne. The brand is a joint venture between casino operator MGM and another London-listed betting giant, Ladbrokes Coral owner GVC Holdings. Chief executive Adam Greenblatt laid out ambitious plans for the brand in a video interview this week.

“We’ve started in an almost zero base and now we have over 300 hundred people employed directly, and many hundreds more supporting the business from GVC or MGM Resorts,” he said. “The [GVC] product we started with is incredibly robust and proven as a leader in worldwide regulated markets. We tailored it out for US sports prioritization, with football, basketball, baseball, hockey as opposed to the much more soccer-focused centricity and horse racing in international markets.”

On the Expansion Trail

The team has also invested in strategic partnerships with the likes of DAZN, Yahoo Sports and Buffalo Wild Wings, while expanding across the country. “Currently, we are live in nine states,” said Greenblatt. “Our most recent launch was in Tennessee and our performance in these two weeks has been nothing shorter of stellar, absolutely amazing. The brand is resonating more and more strongly with our players.”

Grenblatt said that BetMGM would be live in more than 20 US states by the end of 2021, while it is also pating close attention to the legalization process in Ontario, Canada. A total of 27 US states have now legalized sports wagering after Maryland, Louisiana and South Dakota voters all said yes at last week’s election, and BetMGM wants to be present in the majority of them. Some states run a monopoly, so it is not possible to enter, but Greenblatt said the firm is comfortable navigating legislative requirements on a patchwork, state-by-state basis.

“There is quite a lot of volume and complexity to manage in real-time across all of these states,” he said. “The state by state rollout is working, is not broken, and the federal government has other priorities. Although it would be helpful to have a single policy on KYC and anti-money laundering, it is not necessary to achieve a functioning and vibrant market.”

 

 

 

The pandemic sweeping the globe has had a profound impact on society, but a handful of entities have found resounding success through this terrible period in time. One of these is the blockbuster Netflix docuseries Tiger King, which seems to be on the lips of every man and his dog.

The series follows the true crime story of protagonist Joe Exotic, a self-proclaimed ‘gun-toting gay redneck’ and a whole cast of misfits from the underworld of big cat breeding. Bet Today USA found some uncanny comparisons between a handful of MMA fighters and the undesirables that plug the show.

Joe Exotic: Conor McGregor

Who else would take the tiger king crown other than the one and only Conor McGregor. Both men have built an empire and are wrapped up in their own respected warped worlds. Joe Exotic and McGregor also share their vision of the world, in that they will not stop until the task at hand is completed.

Another trait the two shares are their ability to aggravate foes to an implausible degree. Both men seem to have an arch-rival, Joe Exotics’ nemesis without question is Carole Baskin, while McGregor and Khabib share bad blood. McGregor’s tiger tattoo on his chest is the final nail in the coffin to confirm he is Joe Exotic.

Carole BaskinColby Covington/Ronda Rousey

Colby Covington has proven he wants to be the villain, the proud American will not stop until he has got what he wants and Baskin has similar traits to the red-blooded brawler. Carole Baskins will get what she wants and will leave a trail of destruction in her path to get it. Covington is a man cut from the same cloth, other than Colby seems to be slightly more vocal in his approach.

Both figures have submissive sidekicks by their side which seem to keep the pair grounded to a degree.

Ronda Rousey and Carole Baskins are like two peas in a pod. Both women are very aggressive and alluring characters that are used to being at the top of the food chain. Another attribute they share is being underestimated, many have found not to tussle with the pair because they will get the last laugh.

Jeff Lowe: Dana White

Jeff Lowe could only be Dana White. Both men have the tendency to ride in to save the day, like a white knight in shining armor. Dana White, in 2001, teamed up with the Fertitta brothers and bought out the UFC franchise saving it from the brink of collapse. Jeff Lowe seemed to do the same thing with the G.W. Zoo at the time, haemorrhaging money into it and rescuing Joe with his ever-building legal costs.  

Don Lewis: Paul Kelly

Paul Kelly has all the makings of the acclaimed Don Lewis. Kelly emerged in the world of UFC in 2008 and turned the heads of the fans. The once young prospect was the talk of the sport and had the MMA world at his feet. Kelly’s MMA career came to an astonishing close when the Englishman was jailed in 2013 for 13 years, for heroin trafficking. The story of Don Lewis’ disappearance and Kelly’s life of crime is peppered in controversy and mystery and both share similar stories.

Howard Baskin: Travis Browne

Carol Baskin clearly is in the driving seat and Howard just a mere spectator happy to come along for the ride. Travis Browne is the Howard of the MMA, married to superstar Ronda Rousey, the Hawaii native has his wife’s reputation shadowing over his own achievements in the UFC.

Kelci “Saff” Saffery: Donald “Cowboy Cerrone”

Kelci Saffery is as loyal as a dog when it comes to animal care and has the battle scars to prove it. In horrific circumstances, the G.W. zookeeper’s arm was torn off by one of the tigers through a cage. Saff was rushed to the hospital with the choice of undergoing reconstructive surgery for two years or amputation. The zookeeper opted for amputation, in a self-made sacrifice to avoid a media circus that would place Joe Exotic in a precarious position.

Donald Cerrone was always going to take the war veteran crown. Cerrone is the epitome of a journeyman in the sport of UFC and is near impossible not to like. This is a man who puts his body on the line for the good of the sport. The old gunslinger is a hardened battled veteran, that would first rather throw himself under the bus before Dana White. 

John Finlay: Diego Sanchez 

John Finlay was Joe Exotic’s first husband of the Tiger King docuseries and seemed happy to just be along for the ride. Finlay looks like the kind of man who could take a beating and shrug it off. 

As one of the most popular brawlers in the history of the sport, Diego Sanchez is a rare breed of carnage and heart and Finlay is his equal. This man is blessed with the ability to absorb damage and not grunt and moan afterwards. 

So this week has been blockbuster for all NBA fans in the U.S.A and across the globe. The matchups have been coming thick and fast, so much so that a couple of poorly timed blinks would mean you missed something important. The good news is we have you covered with our reviews and previews, so make sure you check those out. Let’s get into our picks for the games this weekend. 

 

LA Lakers vs. Sacramento Kings

 

The Lakers have cruised past both the Warriors and the Suns since that disappointing defeat at the hands of the Raptors last weekend. They are now at 9-2 for the season and sitting pretty on top of the NBA Western. Another win here would keep them in the driving seat, and would also be their third win on the bounce. 

 

The Kings have also found the right kind of form and have registered two wins in a row in the last two games. That brought them up to 4-6 for the NBA season, and now they have two massive tests in a row. This is the first, and then they will have to go to the leaders of the NBA Eastern to try and gain another win. It’s their most significant back-to-back hurdle of the season so far, and although they have found some decent form recently, we see that running out this weekend. 

 

Lakers to come out on top with a win


 

Memphis Grizzlies vs. Utah Jazz

 

After two wins in the last two games, things are looking up for the Grizzlies in the NBA. They have found a better level of performance in recent outings, and it could be in time to make a late charge for the postseason. Memphis have the same home and away record, so being on their court will not have much of an impact if we can trust the stats. It will take something special for them to add a third win in succession here. 

 

The Jazz are flying high in the NBA Western, and find themselves on a four-game winning streak. That started with a win in the game they played against the 76ers, after consecutive defeats. The last matchup was tight, and they rode their luck, but in the end, they managed to come away with another victory at the expense of the Nets. Another win here would put them within touching distance of the Lakers in the top spot. 

 

Jazz to take the victory in a close game


 

Golden State Warriors vs. Boston Celtics

 

Well, as falls from grace go, the Warriors have nailed it with their performances this season. Five games lost on the bounce, bottom of the NBA Western, and ten defeats from 12 games is more than terrible. If you are associated with the Warriors, you already know the season is over, and you probably can’t wait for it to be done with either. The good news is that it’s an easy game here then…

 

 

The Celtics are looking like the best team in the whole of the NBA so far this term. With nine wins and one defeat, you couldn’t ask for much more as a Boston fan. Their last and only loss of the season suffered by the Celtics came in game one. The last time out, they recorded another hard-fought battle to come away with the result they wanted as they faced the Wizards.

 

Celtics to dominate the Warriors


 

The Verdict

 

That’s the three games we carefully selected for your betting needs and viewing entertainment this weekend. The matchups we have chosen will give you the best value when it comes to the odds, but keep an eye on the news for any changes. We will be back next week with the weekend’s review and a look ahead to the upcoming NBA action. Join us again for that and more as the NBA season progresses. Happy Friday, NBA fans. 
 

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As we approach the twenty game mark in the NHL season, you can feel the excitement growing across the continent. The race for the Stanley Cup is wide open, and there were some crucial matches this weekend between some of the top sides in the ranking.

Now is the time to look forward to the upcoming games this week, and delve into what happened at the weekend passed. It’s going to be another fantastic week of games in the NHL.

 

Anaheim Ducks 2-6 Edmonton Oilers

 

This was a massive game for the Ducks as they aimed to gain some ground in the NHL Pacific. They needed the win to move within three points of the top, but they failed to deliver that and now must try to play catch up.

That leaves their season record at 9-8-1, which is far from terrible, but they now need as many wins as they can muster over the next few outings to stay in contention. Next up for the Ducks is a game against the Red Wings, and we will back against them winning that one.

The Oilers continue to march on, and that was their 12th win of the season. The performance was fantastic, and the three goals from Connor McDavid backed up by two from Ryan Nugent-Hopkins were more than they needed to sail past Anaheim here.

It’s hard to see anyone in the whole of the NHL that could beat them when they find that groove. The next team they face will not be looking forward to the meeting. Our money is on the Oilers, adding another win when they play the Sharks.

For exciting predictions and news click here

 

Boston Bruins 2-3 Philadelphia Flyers

 

The Bruins have lost their way over the last week. All three games have ended in defeat, and although they still lead the NHL Atlantic, their staff and fans will be concerned. Switches in form like this can indicate deeper problems within the squad, and Boston will be hoping they can turn it back around soon.

They never looked like winning this game, and if it hadn’t been for the last period resurgence where they scored twice, it would have been a whitewash. It was lucky they had the chance at overtime, but even with the momentum working in their favor, they threw that final opportunity away. The Bruins must now beat the Panthers next time to keep their position.

Another game, another win for the Flyers. The previous four games have seen the Philly side turn on the style and they look unbeatable at the moment. The last period almost cost them in the end, but Boston is now up to third in the NHL Metropolitan.

The reality is that winning three games on the bounce with a scoreline of 3-2 could look fortunate, but those wins have been hard-earned. It’s going to be a test of their metal as they meet the Capitals next time out. We are taking a punt and backing them for the win.

 

Vancouver Canucks 1-2 New Jersey Devils

 

Well, what can we say about the Canucks and their slide down the standings? If Vancouver fans weren’t worried before, they will be now. This game was the fourth defeat in a row, and considering the opposition, it should have been avoided.

The Canucks need to sort out both their defense and offense. They look impotent in attack and decidedly dodgy when defending. They have a chance at turning the tide next time they play. The Predators are no walkovers, but the odds are on the Canucks getting an overdue win.

The Devils came into this one with a gameplan to frustrate the opposition, and it worked. To put it into context, this was only the fifth victory that the New Jersey side had registered all season. It wasn’t the prettiest of performances by all means, but it delivered the much-needed win.

The NHL season is effectively over for the Devils, and the only hope is that the removal of pressure can get them some more wins. They face the Senators in the next game, and we think they will be back to their current losing form.

 

Next Week in the NHL

 

Those are the three games that gave us the most enjoyment over the weekend. We will be back again later this week with our full predictions for the matchups for the week to come. The NHL season is almost a quarter of the way through now.

At this stage, there is everything to play for. Who can push on, and who will slide further out of contention? What will be the predicted and actual results this week? Check-in with us again to stay up to date.

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