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, 1999

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
(Registrants 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, 1999:
14,354,798


Transitional Small Business Disclosure Format (Check one): Yes
No	X

PART I-FINANCIAL INFORMATION

Item 1.	Financial Statements

		BETTING, INC.
		BALANCE SHEETS

		February 28,	August 31,
			 1999			 1998
	ASSETS	(Unaudited)	(Audited)

Cash		$	22,510	$	0

Total Assets	$	22,510	$	0

			LIABILITIES AND STOCKHOLDERS EQUITY


Current Liabilities:
	Accounts payable	$	280,316	$	283,971
	Due to related party	35,569	18,969
	Commissions payable	57,400	21,400

			Total current liabilities		373,285		324,340


Commitments and Contingencies (Note 10)

Stockholders Equity (Deficit):
	Common stock, $.01 par value, authorized
		10,000,000 shares; issued and outstanding,14,354,798
		and 14,284,234 at February 28, 1999 and 1998,
		respectively	143,548	142,842
	Preferred stock, $.01 par value, authorized 5,000,000
		shares; issued and outstanding - none	     -	-
	Additional paid-in capital	5,157,064	5,000,420
	Accumulated deficit		      (5,651,387)		(5,467,602)
			Total stockholders equity (deficit)		(350,775)
	(324,340)
	Total Liabilities and Stockholders Equity (Deficit)	$	22,510	$
	0




See accompanying notes to interim financial statements


BETTING, INC.
STATEMENTS OF OPERATIONS
(Unaudited)

	Three Months Ended	  Six Months Ended
	February 28,	February 28
	1999   1998	1999   1998

General and
	  Administrative expenses	$	175,730	$	48,775	$
	183,785	$	143,468

Total Operating Expenses 	 	(175,730)		(48,775)
	(183,785)		(143,468)

Net loss 		(175,730)		(48,775)	$(183,78
$(143,468)
Net loss per common share	$	(.01)	$	(.00)	$	(.01)	$	(.01)

Weighted average shares outstanding	14,316,067	11,062,234	14,316,067
	10,489,984

































See accompanying notes to interim financial statements


BETTING, INC.
STATEMENTS OF CASH FLOWS
(Unaudited)

		Six Months Ended
		February 28 February28
			1999			1998
Cash Flows From Operating Activities
	Net loss (Note 9)	$	(175,735)	$	(25,128)
		Changes in assets and liabilities:
			Accounts payable		(3,655)		7,999
			Commissions payable		36,000		3,001

	Cash Used in Operating Activities		(143,390)		(14,128)

Cash Flows From Financing Activities:
	Proceeds from additional borrowings from stockholder        	0
	0
	Proceeds from issuance of common stock	149,300	0
	Proceeds from borrowings from related party		16,600
	15,694

	Cash provided by financing activities		165,900		15,694
Net increase in cash	22,510	1,566
Cash at beginning of period		0		45

Cash at end of period	$	22,510	$	1,611




Supplemental Disclosures:

The Company paid $0 and $0 for interest for the six months ended
February 28, 1999 and 1998, respectively.

The following summarizes noncash investing and financing transactions:

Six Months Ended February 28, 1999
Issuance of 161,000 shares of common stock for services rendered

$8,050

Six Months Ended February 28, 1998
Issuance of 1,769,000 shares of common stock for services rendered

$82,590

Issuance of 750,000 shares of common stock for due to stockholder
35,135

Issuance of 350,000 shares of common stock for accounts payable

21,000

See accompanying notes to interim financial statements.

BETTING, 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 Companys 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 companys
Annual Report Form 10-KSB/A filed with the SEC on April 8, 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 Companys
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, losses of approximately $197,000 during the year ended
August 31, 1998, and losses of approximately $183,000 during the
six months ended February 28, 1999.  These losses, totaling
$4,838,000, 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 had 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 in full 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 utilizes 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.

7.	Accumulated Deficit:

	As a result of the termination of the Companys 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 $5,651,387 of deficit on the balance sheet at
February 28, 1999, is the result of operations from November 18,
1993, to February 28, 1999..

8. Stockholders Equity:


	During the period September 1, 1998, through February 28, 1999, the
Company issued 161,000 shares of common stock for services
rendered. 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, $8,050, has been
expensed as consulting fees during the six months ended February
28, 1999.

	During the period September 1, 1997, through November 30, 1997, the
Company issued 2,869,000 shares of common stock for payments on
accounts payable and services rendered.  For the 1,769,000 shares
of common stock issued for services rendered during the period
September 1, 1997, through November 30, 1997, the closing market
stock price was used to determine fair market value of the
569,000 unrestricted common shares issued; the closing market
stock price less a 50% discount was used to determine fair market
value of the 1,200,000 restricted common shares issued.  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, $82,590, has primarily
been expensed as $63,450 in consulting fees, $7,140 in legal fees,
and $12,000 in general and administrative expenses during the three
months ended November 30, 1997.  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, 1999:

	Net loss								 $  175,735
       Issuance of 161,000 shares of
       common stock for Consulting Fees
8,050

	Income Statement Net Loss					  $  183,785

The following reconciles noncash financing transactions for the
six months ended February 28, 1998:

	Net loss								$    25,128

Issuance of 2,469,000 shares of common stock for Consulting Fees, and
General and Administrative Expense
118,340

	Income Statement Net Loss					  $  143,468


10.	Contingencies

(a) Going Concern
	The Companys 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.  This raises substantial doubt
about the Companys ability to continue.

The Companys 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.

(b) Common Stock Issued in Excess of Authorized Shares
During the year ended August 31, 1998, the Company issued a total
of 6,441,000 shares of common stock.  This has resulted in the
total issued common shares exceeding the 10,000,000 common shares
authorized by 4,284,234 common shares.  Most of these shares were
to have been preferred stock.  Due to an error that was discovered
after the close of the year, however, all of the shares were issued
as common shares, resulting in the Company issuing more common
shares than its articles of incorporation authorize.  The Company
is in the process of recalling these certificates totaling
4,550,000 shares and replacing them with preferred certificates.
The net result will not be significantly different.  Holders of
preferred shares will have a priority over common stockholders with
respect to dividends and liquidation rights, but no dividends are
required or anticipated.  The preferred stockholders will have
voting rights equal to those of the common stockholders.  The
stockholders equity (deficit) section of the balance sheet then
would be restated as follows to take into account the preferred
stock:


		February 28,	Proforma	Restated
		1999	Adjustment	February 28, 1999

Stockholders Equity
(Deficit):
	Common stock, $.01
	par value, authorized
	10,000,000 shares;
	issued and
	outstanding,9,803,834	$143,548	$(45,500)	$98,048

	Preferred stock,
	$.01 par value,
	authorized 5,000,000
	shares; issued
	and outstanding 4,550,000	0	45,500	45,500

	Additional paid
	in capital	5,157,064	0	5,157,064
	Accumulated deficit		(5,651,387)	0(5,651,387)
	Total stockholders
	equity (deficit)	$(350,775)	$     0	$    (350,775)

ITEM 2.  MANAGEMENTS DISCUSSION AND ANALYSIS OF FIINANCIAL CONDITION
AND RESULTS OF OPERATIONS.

The following discussion should be read in conjunction with the
financial statements of the Company and notes thereto contained
elsewhere in this report.

Results of Operations.

		The Company had virtually no operations during the three month
period ended November 30, 1998, due to the unavailability of funds.
Near the end of the three month period ended November 30, 1998, and
during the three month period ended February 28, 1999, the Company
received cash from the sale of its common stock to a private investors
and from advances to the company by related parties.  These funds were
used for operations during the three month period ending February 28,
1999.  The primary general and administrative expenses incurred during
the six month period ended February 28, 1999, were consulting fees of
$20,650, legal fees of $17,862, accounting fees of $21,559, license fees
of $92,000 and stock expenses of $10,371. The primary general and
administrative expenses incurred during the six month period ended
February 28, 1998, were consulting fees, legal fees, office expenses and
stock expenses.

Liquidity and Capital Resources.

Net cash used by the Company was $143,390 for the six month period
ended February 28, 1999 versus cash used in operating activities of
$14,128 in the comparable prior year period.

Capital Expenditures.

No material capital expenditures were made during the quarter ended on
February 28, 1999.

Year 2000 Issue.

	The Year 2000 issue arises because many computerized systems use
two digits rather than four to identify a year.  Date sensitive systems
may recognize the year 2000 as 1900 or some other date, resulting in
errors when information using the year 2000 date is processed.  In
addition, similar problems may arise in some systems which use certain
dates in 1999 to represent something other than a date.  The effects of
the Year 2000 issue may be experienced before, on, or after January 1,
2000, and if not addressed, the impact on operations and financial
reporting may range from minor errors to significant system failure which
could affect the Companys ability to conduct normal business operations.
This creates potential risk for all companies, even if their own
computer systems are Year 2000 compliant.  It is not possible to be
certain that all aspects of the Year 2000 issue affecting the Company,
including those related to the efforts of customers, suppliers, or other
third parties, will be fully resolved.

The Company currently believes that its systems are Year 2000
compliant in all material respects, its current systems and products may
contain undetected errors or defects with Year 2000 date functions that
may result in material costs.  Although management is not aware of any
material operational issues or costs associated with preparing its
internal systems for the Year 2000, the Company may experience serious
unanticipated negative consequences  (such as significant downtime for
one or more of its web site properties) or material costs caused by
undetected errors or defects in the technology used in its internal
systems.  Furthermore, the purchasing patterns of advertisers may be
affected by Year 2000 issues as companies expend significant resources
to correct their current systems for Year 2000 compliance.  The Company
does not currently have any information about the Year 2000 status of
its advertising customers. However, these expenditures may result in
reduced funds available for web advertising or sponsorship of web
services, which could have a material adverse effect on its business,
results of operations, and financial condition.  The Companys Year 2000
plans are based on managements best estimates.


Forward Looking Statements.

The foregoing Managements Discussion and Analysis contains
forward looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Act of 1934, as amended, and as contemplated under the Private
Securities Litigation Reform Act of 1995, including statements
regarding, among other items, the Companys business strategies,
continued growth in the Companys markets, projections, and anticipated
trends in the Companys business and the industry in which it operates.
The words believe, expect, anticipate, intends, forecast,
project, and similar expressions identify forward-looking statements.
These forward-looking statements are based largely on the Companys
expectations and are subject to a number of risks and uncertainties,
certain of which are beyond the Companys control.  The Company cautions
that these statements are further qualified by important factors that
could cause actual results to differ materially from those in the
forward looking statements, including, among others, the following:
reduced or lack of increase in demand for the Companys products,
competitive pricing pressures, changes in the market price of
ingredients used in the Companys products and the level of expenses
incurred in the Companys operations.  In light of these risks and
uncertainties, there can be no assurance that the forward-looking
information contained herein will in fact transpire or prove to be
accurate.  The Company disclaims any intent or obligation to update
forward looking statements.

PART II.

ITEM 1.  LEGAL PROCEEDINGS.

The Company is not a party to any material pending legal
proceedings and, to the best of its knowledge, no such action by or
against the Company has been threatened.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.

Not Applicable.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

No matters were submitted to a vote of the Companys stockholders
during the first quarter of the fiscal year covered by this report.

ITEM 5.  OTHER INFORMATION.

None.

SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) 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.



Dated: May 25, 1999				By: /s/ Thomas S. Hughes
							Thomas S. Hughes, President


EXHIBIT INDEX


Exhibit No.					Description

3.1	Leggoons, Inc. Articles of Incorporation and Amendments,
incorporated by reference to Exhibit 3.1 of Leggoons, Inc.
Registration Statement on Form S-1 filed on October 28, 1993.

3.2	Leggoons, Inc. Bylaws Amended, incorporated by reference to
Exhibit 3.2 of Leggoons, Inc. Registration Statement on Form S-1
filed on October 28, 1993.

4	Class A Warrant Agreement, incorporated by reference to Exhibit
4.2 of Leggoons, Inc. Registration Statement on Form S-1 filed on
October 28, 1993.

10.1	ET&T Host Processing Agreement (see below).

10.2	ET&T Licensing Agreement (see below).

27	Financial Data Schedule (see below).