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The Guardian - AU
The Guardian - AU
National
Henry Belot

Penrith Panthers grand final triumph could damage Betr after it offered gamblers 100-1 odds on win

Betr Panthers Penrith News Corp the Penrith Panthers AFL Geelong Cats NRL
Nathan Cleary of the Panthers
Nathan Cleary of the Penrith Panthers evades a tackle to score a try against the Warriors in the NRL qualifying final. Betr last year offered 100-1 odds on a Panthers win in 2023 – something that analysts now say seems seems likely. Photograph: Dan Himbrechts/AAP

The finances of News Corp-backed gambling company Betr’ could take a big hit if the Penrith Panthers win the NRL grand final, due to a generous inducement that attracted a record fine and criticism from a regulator.

When the gambling company launched in late 2022, it offered 100-1 odds on the Penrith Panthers winning a third consecutive grand final with bets capped at $10. A Penrith victory is now short odds and a likely outcome according to most analysts.

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