UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549
                                
                           FORM 10-QSB
                                
        QUARTERLY REPORT PURSUANT TO SECTION 10 OR 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934


For the quarterly period ended:  February 28, 1998

Commission file number:  33-68570



                          BETTING, INC.
     (Exact name of registrant as specified in its charter)
                                
                                
            MISSOURI                 43-1239043
    (State of incorporation)(IRS Employer Identification number)

                31310 Eaglehaven Center, Suite 10
             Rancho Palos Verdes, California  90275
      (Address of principal executive offices and Zip Code)
                                
                         (310) 541-4393
      (Registrant's telephone number, including area code)
                                
                                
                                
      Indicate by check mark whether the registrant (1) has filed
all  reports required to be filed by Section 13 or 15(d)  of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or  for such shorter period that the registrant was required  to
file  such  reports),  and (2) has been subject  to  such  filing
requirements for the past 90 days.

 Yes            No     X


Number of shares of common stock outstanding as of February 28,
1998:     11,412,234

Transitional Small Business Disclosure Format (Check one): Yes
No   X
                                
                  PART I-FINANCIAL INFORMATION

Item 1.             Financial Statements


BETTING, INC.
                                
                    (formerly Leggoons, Inc.)
                         BALANCE SHEETS
                                                               
<TABLE>                                                        
                                                               
<S>                                          <C>               <C>
                                                               
                                             February 28,      August 31,
                                             1998 (Unaudited)  1997 (Audited)
ASSETS                                                         
Total Assets                                 $1611             $45
                                                               
LIABILITIES AND STOCKHOLDERS' EQUITY                           
                                                               
                                                               
Current Liabilities:                                           
Due to stockholder                            $0                $35,135
Accounts payable                              270,178           283,178
Due to related party                          15,694            0
Commissions payable                           21,400            18,399
Total current liabilities                    307,272           336,712
Commitments and Contingencies                                  
Stockholders' Equity:                                          
Common stock, $.01 par value, authorized                        
10,000,000 shares; issued and                 114,122           78,432
outstanding,11,412,234 and 7,843,234
Preferred stock, $.01 par value, authorized   -                 -
5,000,000 shares; issued and outstanding -
none
Additional paid-in capital                    4,994,319         4,855,535
Accumulated deficit                           (5,414,102)       (5,270,634)
Total stockholders' equity                   (305,661)         (336,667)
                                             $1,611            $45
</TABLE>                                                       
See accompanying notes to interim financial statements
                                
                          BETTING, INC.
                    (formerly Leggoons, Inc.)
                    STATEMENTS OF OPERATIONS
                           (Unaudited)
<TABLE>                                                                           
                                                                                  
<S>                                                                               
                            <C>               <C>               <C>               <C>
                                                                                  
                            Three Months      Three Months      Six Months Ended  Six Months Ended
                            Ended Feb. 28,    Ended Feb. 28,    Feb. 28, 1998     Feb. 28, 1997
                            1997              1997
General and Administrative  $48,775           $15,886           $143,468          $35,912
expenses
Loss from continuing        (48,775)          (15,886)          (143,468)         (35,912)
operations
Net loss                    $(48,775)         $(15,886)         $(143,468)        $(35,912)
Net loss per common share   $(.00)            $(.00)            $(.01)            $(.01)
Weighted average shares     11,062,234        2,787,000         10,489,984        2,787,000
outstanding
</TABLE>
See accompanying notes to interim financial statements
                                
                          BETTING, INC.
                    (formerly Leggoons, Inc.)
                    STATEMENTS OF CASH FLOWS
                           (Unaudited)
<TABLE>                                                  
                                                         
                                                     
<S>                                    <C>               <C>
                                                         
                                       Six Months Ended  Six Months Ended
                                       Feb. 28, 1998     Feb. 28, 1997
Cash Flows From Operating Activities                     
Net loss (Note 9)                       $(25,128)         $(35,912)
Changes in assets and liabilities:                        
Accounts payable                        7,999             8,965
Commissions payable                     3,001             0
Cash Used in Operating Activities      (14,128)          (26,947)
Cash Flows From Financing Activities:                    
Proceeds from additional borrowings     0                 26,947
from stockholder
Proceeds from issuance of common stock  0                 0
Proceeds from borrowings from related   15,694            0
party
Cash provided by financing activities  15,694            26,947
Net increase in cash                   1,566             0
Cash at beginning of period            45                0
Cash at end of period                  $1,611            $0
</TABLE>                                                 

Supplemental Disclosures:

The  Company paid $0 and $0 for interest for the six months ended
February 28, 1998 and 1997, respectively.

The   following   summarizes  noncash  investing  and   financing
transactions:
                                                  
<TABLE>                                           
                                                  
<S>                                               <C>
                                                  
Six Months Ended February 28,                     1998
Issuance of 2,469,000 shares of common stock for  $118,340
services rendered
Issuance of 750,000 shares of common stock for    35,135
due to stockholder
Issuance of 350,000 shares of common stock for    21,000
accounts payable
</TABLE>                                          

See accompanying notes to interim financial statements.
                                
                          BETTING, INC.
                    (formerly Leggoons, Inc.)
              NOTES TO INTERIM FINANCIAL STATEMENTS

1.   Unaudited Interim Periods:

The  information furnished herein relating to interim periods has
not been audited by independent Certified Public Accountants.  In
the   opinion   of  the  Company's  management,   the   financial
information  in  this  report reflects any adjustments  that  are
necessary for a fair statement of results for the interim periods
presented   in  accordance  with  generally  accepted  accounting
principles.   All such adjustments are of a normal and  recurring
nature.   The  accounting policies followed by the  Company,  and
additional  footnotes,  are set forth in  the  audited  financial
statements included in the company's Annual Report Form  10-KSB/A
filed with the SEC in February 1999.

2.   Initial Public Stock Offering:

On  November  18, 1993, the Company completed an  initial  public
offering in which it sold 900,000 Units at $3.125 per Unit.  Each
Unit  consisted  of one share of Common Stock  and  one  Class  A
Warrant.   Three Warrants entitled the holder thereof to purchase
one  share  of  Common Stock at $3.75 per share  and  expired  on
November  18, 1997.  The warrants were callable in total  by  the
Company  after November 18, 1994, at a redemption price  of  $.05
per  warrant  upon 60 days prior notice if the common  stock  has
traded  above  $3.75 for at least 20 out of the 30  trading  days
preceding the date of the notice of redemption.

3.   Earnings (loss) Per Share:

Net  earnings  (loss) per share are computed using  the  weighted
average number of common and common equivalent shares outstanding
during the period.  The Class A Warrants issued during the public
offering  are  anti-dilutive and have not been  included  in  the
computation  of  common  equivalent  shares  outstanding.   Fully
diluted  net earnings (loss) per share for all periods  presented
is  not materially different from primary net earnings (loss) per
share.

4.   Income Taxes:

Effective  September  1, 1987, the Company elected  to  be  taxed
under  Subchapter S of the Internal Revenue Code.  As  such,  the
Company's  taxable income or loss was included in the  individual
tax  returns of its shareholders for Federal and State income tax
purposes.  Upon  the  closing of the  public  stock  offering  on
November  18,  1993,  the  Company terminated  its  Subchapter  S
election.

Betting,  Inc., has unused net operating loss (NOL) carryforwards
of  approximately  $2,800,000  at  August  31,  1997,  that  were
generated  by  Leggoons, Inc.  The unused  net  operating  losses
expire  in  various amounts from 2009 to 2012.  However,  due  to
change  of ownership rules of section 382 of the Internal Revenue
Code some or all of these NOL carryforwards may be unavailable to
offset  any future income of Betting, Inc.  The Company generated
losses  of  approximately $1,658,000 during the six month  period
ended  August  31,  1997,  and losses of  approximately  $143,000
during the six months ended February 28, 1998.  These losses  may
not  qualify as federal and state NOL carryforwards  due  to  the
possible  nondeductibility of the noncash service costs  incurred
and  the change of ownership rules of section 382 of the Internal
Revenue  Code.  The Company provides an allowance for the  entire
amount of any deferred tax assets that are applicable to the NOL.

5.   Due to Stockholder

The Company has a due to stockholder payable to James S. Clinton,
former  Chairman of Leggoons, Inc., in the amount of $35,135  for
advances  made to Leggoons, Inc., prior to March 1,  1997.   This
payable  was paid during the six months ended February 28,  1998,
by the issuance of 750,000 shares of restricted common stock.

6.   Due to Related Party

The  Company utilized cash advances from HPOS/E.T.T. to fund  day
to  day  operations  of the Company.  Thomas  S.  Hughes  is  the
Chairman of both the Company and HPOS/E.T.T.  The amount advanced
during the six months ended February 28, 1998, was $15,694.

7.   Accumulated Deficit:

As  a  result  of the termination of the Company's S  Corporation
status   on  November  18,  1993,  the  accumulated  deficit   of
$1,168,375  incurred  through that date was  closed  out  against
additional  paid-in capital.  The $5,414,102 of  deficit  on  the
balance  sheet at February 28, 1998, is the result of  operations
from November 18, 1993, to February 28, 1998.

8.   Stockholders Equity:

During  the period September 1, 1997, through February 28,  1998,
the  Company issued 3,569,000 shares of common stock for payments
on  accounts  payable and services rendered.  For  the  2,469,000
shares  of  common stock issued for services rendered during  the
period  September  1,  1997,  through  February  28,  1998,   the
following valuation policies were used so that a financial  value
could be assigned to the stock issuance transactions: the closing
"market" stock price was used to determine "fair market value" of
the  1,019,000  unrestricted common shares  issued;  the  closing
"market"  stock price less a 50% discount was used  to  determine
"fair  market  value" of the 1,450,000 restricted  common  shares
issued.   For  the  2,469,000 shares of common stock  issued  for
services  rendered during the period September 1,  1997,  through
February  28, 1998, the closing stock price of the  last  day  of
each  month  was  used to determine "fair market value"  of  each
share  issued so that a financial value could be assigned to  the
stock issuance transactions.

The  financial  value  of the common stock  issued  for  no  cash
consideration  is  required to be expensed by the  Company.   The
"fair  market  value" of such common stock issued, $118,340,  has
primarily been expensed as $87,200 in consulting fees, $7,140  in
legal  fees,  and $24,000 in general and administrative  expenses
during  the  six  months ended February 28, 1998.   Some  of  the
common  stock  shares issued were registered with the  Securities
and Exchange Commission using Form S-8 Registration Statements.

9.   Cash Flow and Income Statement Reconciliation

The  following reconciles noncash financing transactions for  the
six months ended February 28, 1998:
<TABLE>                                          
<S>                                              <C>
Net loss                                         $25,128
Issuance of 2,469,000 shares of common stock for 118,340
Consulting Fees and General and Administrative
Expense
Income Statement Loss                            $143,468
</TABLE>                                         

10.  Contingencies
Going Concern

The  Company's financial statements are presented  on  the  going
concern  basis, which contemplates the realization of assets  and
satisfaction of liabilities in the normal course of business.  As
shown  in the accompanying financial statements, the Company  has
shown a significant loss from operations and has negative working
capital and a stockholders' deficit.

The  Company's continued existence is dependent upon its  ability
to  resolve  its  liquidity  problems, principally  by  obtaining
additional debt financing and equity capital and ultimately  upon
achieving  profitability.   While pursuing  additional  debt  and
equity  funding, the Company must continue to operate on  limited
cash flow. Management is committed to developing the product  and
continues  to  receive  small amounts  of  funding  from  private
investors.   It  is the goal of management to receive  additional
funding  from  an additional public offering of its common  stock
within twelve months.

There   is  no  assurance  that  the  Company  can  achieve   the
profitability  and  positive  liquidity  discussed  above.    The
financial  statements do not include any adjustments  to  reflect
the   possible   future   effects  on  the   recoverability   and
classification  of  assets or the amounts and  classification  of
liabilities  that may result from the possible inability  of  the
Company to continue as a going concern.
   Common Stock Issued

During the six months ended February 28, 1998, the Company issued
3,569,000  common shares.  This has resulted in the total  issued
common  shares exceeding the 10,000,000 common shares  authorized
by 1,412,234 common shares.  Management of the Company intends to
increase the number of authorized shares or to convert the common
shares issued in excess of 10,000,000 to preferred stock.
                   Item 2. PLAN OF OPERATIONS

General:

The  primary general and administrative expenses incurred  during
the  quarterly  period ended February 28, 1998,  were  consulting
fees, legal fees, office expenses and stock expenses.
HPOS License Agreement

On  February 18, 1997, Leggoons, Inc., entered into an  Agreement
to  License Assets from Home Point of Sales, Inc.(HPOS).  HPOS is
a  privately  held  corporation focused on the emergence  of  the
Personal  Encrypted Remote Financial Electronic Card Transactions
industry.   This industry provides consumers with the  option  to
instantly pay bills or impulse purchase from home with real  time
cash transactions. Management believes the proprietary technology
and  the  large  demand  for  wagering opportunities  in  today's
marketplace  will  combine  to  generate  substantial  sales  for
Leggoons, Inc., over the medium term.

Under  terms of the Licensing Agreement, the Company  will  issue
2,900,000  shares of restricted common stock to HPOS in  exchange
for  licensing  home ATM card and SMART card wagering  technology
developed  by  HPOS.  Of this amount, 2,755,000  shares  will  be
placed in escrow and are subject to cancellation on February  10,
1998,  in  the  event the bid price of the common  stock  of  the
Company  is  not  at  least  $3.00  per  share  for  any   twenty
consecutive  day  period  as reported on  the  NASD's  Electronic
Bulletin Board or NASDAQ's Small Cap Market from the date of  the
agreement through February 10, 1998.

As  of  the date of these financial statements the terms  of  the
Licensing  Agreement have not been met by the Company.   However,
the  Company  has  entered  into  amendment(s)  of  the  original
agreement  that  provide  for an extension  of  the  cancellation
deadline from February 10, 1998, to September 1, 1999, subject to
certain conditions specified in the agreement.  As of the date of
these financial statements, none of the conditions have been met.
All  condtions set forth in the original agreement need to be met
on or before September 1, 1999.

The  License Agreement also provides that in the event  that  the
bid  price for the common stock of the Company is more than $3.00
per  share for any twenty consecutive day period, then HPOS shall
have the option to purchase up to 13,822,000 additional shares of
the Company common stock at an exercise price of $.30 per share.

Thomas S. Hughes, Chairman of HPOS, became Chairman and President
of  Leggoons  on  March  1, 1997.  He will focus  on  procedures,
policies  and  state approvals to begin home lottery,  off  track
betting,  casino  and  sports ATM card and SMART  card  wagering.
Thomas  S. Hughes, Chairman of Home Point Sale, Inc., will remain
as  Chairman and President of Leggoons, Inc.  The Company intends
to  seek  shareholder approval of its name change from  Leggoons,
Inc. to Betting, Inc.

Betting,  Inc. is positioning itself to facilitate same  as  cash
ATM  card  or  smart card transactions that are originating  from
bank  host  processing  centers and  are  being  sent  to  gaming
operators.  These transactions are being effected with electronic
equipment  that allows self service pay per play  and  no  actual
communications between the player and the gaming operator.  These
type of transactions will be originating from homes, offices, and
public  walk in locations.  The Company will act as the interface
that  will communicate data to the gaming operators, receive back
their  acknowledgment of the transaction and then  pass  on  this
gaming acknowledgment to the bank host processing center that has
been  standing by for this information and has already  completed
the  bank  authorization of the pay per  play  transaction.   The
business model of the Company is to receive a fee per transaction
paid  to Betting, Inc. by the bank host processing center at  the
moment  of  the transaction.  In general, this fee will  be  from
between  2% to 6% of the wager placed on a pay per play or  a  $6
flat  fee  in the case of an account being opened.  The  Company.
has  many  characteristics commonly associated with a development
stage company.  A development stage company devotes substantially
all of its efforts to establishing a new business and its planned
principal  operations either (a) have not commenced or  (b)  have
commenced,  but  have  not  produced  any  significant   revenue.
However, due to the company's previously established operation as
a  public shell a development stage company presentation  is  not
appropriate for these financial statements.
                                
                   PART II - OTHER INFORMATION


Item 6.  Exhibits and Reports on Form 8-K

  (a) Exhibits  -  None.

  (b) Reports on Form 8-K  - None


SIGNATURE:

Pursuant  to the requirements of the Securities Exchange  Act  of
1934, the registrant has duly caused this report to be signed  on
its behalf by the undersigned thereunto duly authorized.

   BETTING, INC.


   By: /s/ Thomas S. Hughes

       Thomas S. Hughes
       President


Date:  March 31, 1999