Mybet review

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Walk around the outskirts of Stakersland and you’ll soon come across an old German betting beer house with a contemporary Mybet sign hanging above the doors.

The good old days are long gone, and it seems that the new Rhinoceros Group owners have little interest in bringing the Mybet brand back to its glory days…a quick lick of paint and a new sign is not going to be enough. The betting markets are declining, the staker community is shrinking, and the beer taps are all but dry. It’s not what it once was and that is for sure, but there is still a 93K strong community willing to make that long journey across the park and enter the abandoned Mybet grounds. Most of these stakers are from Germany with a fair share of sentimental Italian stakers joining them as well, but the surprise here is that you’ll suddenly see staker groups from Ghana and Greece queuing up as well. It’s quite an eclectic mix of stakers for a venue so far from the core betting entertainment area of the park. The lack of thought in the redesign is evident from the word go as there is no typical bookmaker reception to welcome you. You are thrown straight into the live in-play markets which has been ordered by popularity of the events, with extra sections on upcoming events for ‘today’ and ‘tomorrow’. Due to Kambi providing the overall betting line, there is also an esports section with a variety of options covering League of Legends, Dota 2, and CS:GO for those who follow this modern style of betting.

Mybet currently uses an overall sports betting ‘rules and limits’ pdf supplied by Kambi. The problem here is that this is quoted in British pounds and so it would be worth adapting these for specific for Mybet. Converting into Euro values would make a lot more sense for their staker members. We are, as the inspectors of Stakersland, wondering if any of the Rhinoceros team members are familar with these details and the scope of the limits. Let us break it down in British pounds as it is stated on the Kambi pdf. The top limit of €250,000 applies for all competitions and match-related offers connected to local German leagues such as Bundesliga, as well as the Premier league in the UK or any international fixtures linked to FIFA and UEFA. The €100,000 limit applies to all fixtures and offers that come under any other international and club friendlies. Tennis limits start at €150,000 for the Grand Slam events and drop down to €75,000 for the ATP and WTA events, and then falls again to €40,000 for all other competitions. This lower limit of €40,000 relates to all of the following sports as well: athletics, cycling, boxing, winter sports, esports, bandy, and trotting. The lowest limit is stated as €25,000 and applies to all other sports offered at Mybet. Stakers might be wondering whether Mybet has enough funds to cover these limits and so our maths guru has made a few calculations to help you assess the situation. It would take Mybet 4-5 days to balance out their top limit of €250,000 and around nine hours for their lower limit of €25,000. In our opinion, Mybet is well over the limit according to the standards at Stakersland and should really consider lowering that upper limit. A limit of €50,000 would be more suitable but this would hinder stakers even more with such a low winning potential. It is a tough situation, but we do expect that their parent company Rhinoceros would be able to find sufficient funds via their Wunderino operation.

A SMALL BUT ACTIVE GROUP OF 93K STAKERS ARE SPENDING AROUND €45-55 PER MONTH AT MYBET. THE BALANCE BOOKS CALCULATE TO ROUGHLY €28M IN GROSS GAMING REVENUE WITH THE NEW OWNERS, RHINOCEROS GROUP, CURRENTLY TAKING AROUND €2 MILLION IN ANNUAL PROFITS.

The monthly ticket sales at Mybet brings around €2-3 Million per month to the Rhinoceros Group with a €45-55 average yield per staker from their 93K community. Much unlike their predecessors, this owner group is a profitable organisation that takes around €2 million in profits which is roughly 7% of the €28M annual gross gaming revenue. Sourcing a similar company in terms of history and structure did prove to be a difficult task for our team here at Stakers HQ, but we eventually decided to look at both Admiral and Pferdewetten. Admiral, the Austrian betting company, holds a German-speaking community of 55,000 stakers and has created itself into a mobile-only betting option at Stakersland. Admiral generates around €30 million in gross gaming revenue which works out to a respectable €45-50 per staker per month. Pferdewetten is the second rival and relates well as they were sold by Mybet Holding back in 2016 for €9.9 million. Nowadays, Pferdewetten holds a 32,000 staker community and again most of which are German speaking. The gross gaming revenue being generated here is roughly €12 million with an average staker profit of €30-40 per month.

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