I always like a contrarian investment. For the last couple of years Betinternet was one of those, but in the wrong sense - its shares kept heading downwards while it seemed any other stock with the words 'game', 'gaming', or 'bet' in the title could only rise.
But now, Betinternet's out of the woods, with an interim EBITDA profit and an upbeat trading statement, while the gaming sector's in the doldrums.
Reason why? It gets a high percentage of its revenues Far East - and practically none from the US, which is where all the trouble is. In other jurisdictions governments are more gambling-friendly - and demand is still rising.
So I'm tempted to put some Betinternet with the William Hill I've already got in my own gambling portfolio.
There is of course the minor difficulty of no forecasts being available, so it's a bit difficult to calculate what the true odds are. But they must surely be better than for Neteller or Partygaming!
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