In this episode of Give It A Nudge, Steve chats with Tom Waterhouse, a well-known name in Australian bookmaking and online betting. Tom opens up about his fascinating journey, from growing up in a family of bookmakers to launching his own online betting business, TomWaterhouse.com, in 2009. 

He shares how he went from being an on-course bookie to building a business that grew from 100 to a quarter of a million customers in just 18 months! After selling to William Hill in 2013, Tom became the CEO of William Hill Australia, overseeing a massive $2.5 billion turnover. 
But Tom wasn’t done yet—he’s now focused on a new adventure: his own venture fund, investing in tech suppliers for the gambling industry. He explains his unique option strategy and how he’s building a global portfolio.

Timestamps:
00:18 – Meet Tom Waterhouse and a quick intro to his background
01:07 – From on-course bookie to launching TomWaterhouse.com
02:26 – Growing the online business and selling to William Hill
05:45 – Tom’s time as CEO of William Hill Australia
11:15 – Starting his venture fund and focusing on gambling tech suppliers
16:55 – The option strategy and finding the next big thing
19:30 – Diversification and expanding globally
27:00 – Why execution is everything when it comes to startup success
31:10 – What’s next for Tom and his fund

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