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:  May 31, 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 May 31, 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>
                                                        
                                      May 31, 1998      August 31 1997
                                      (Unaudited)       (Audited)
ASSETS                                                  
Total Assets                          $0                $45
                                                        
LIABILITIES AND STOCKHOLDERS' EQUITY                    
Current Liabilities:                                     
Due to stockholder                     $0                $35,135
Accounts payable                       275,178           283,178
Due to related party                   15,694            0
Commissions payable                    21,400            18,399
Total current liabilities             312,272           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                    (5,420,713)       (5,270,634)
Total stockholders' equity            (312,272)         (336,667)
                                      $0                $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      Nine Months       Nine Months
                            Ended May 31,     Ended May 31,     Ended May 31,     Ended May 31,
                            1997              1998              1998              1997
General and Administrative  $6,612            $51,819           $150,079          $87,731
expenses
Loss from continuing        (6,612)           (51,819)          (150,079)         (87,731)
operations
Net loss                    $(6,612)          $(51,819)         $(150,079)        $(87,731)
Net loss per common share   $(.00)            $(.01)            $(.01)            $(.03)
Weighted average shares     11,412,234        3,902,245         10,907,091        3,158,748
outstanding
</TABLE>
See accompanying notes to interim financial statements
                                
                          BETTING, INC.
                    (formerly Leggoons, Inc.)
                    STATEMENTS OF CASH FLOWS
                           (Unaudited)
<TABLE>                                                  
                                                         
                                                      
<S>                                    <C>               <C>
                                                         
                                       Nine Months       Nine Months
                                       Ended May 31,     Ended May 31,
                                       1998              1997
Cash Flows From Operating Activities                     
Net loss (Note 9)                       $(31,739)         $(87,731)
Changes in assets and liabilities:                        
Accounts payable                        12,999            16,327
Commissions payable                     3,001             0
Cash Used in Operating Activities      (15,739)          (71,404)
Cash Flows From Financing Activities:                    
Proceeds from additional borrowings     0                 26,947
from stockholder
Proceeds from issuance of common stock  0                 33,457
Proceeds from borrowings from related   15,694            11,000
party
Cash provided by financing activities  15,694            71,404
Net decrease in cash                   (45)              0
Cash at beginning of period            45                0
Cash at end of period                  $0                $0
</TABLE>                                                 
Supplemental Disclosures:
The Company paid $0 and $0 for interest for the nine months ended
May 31, 1998 and 1997, respectively.
The following summarizes noncash investing and financing
transactions:
                                                  
<TABLE>                                           
                                                  
<S>                                               <C>
                                                  
Nine Months Ended May 31,                         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  $150,000
during the nine months ended May 31, 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 nine months ended May 31,  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 nine months ended May 31, 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 $5,420,713 of  deficit  on  the
balance  sheet at May 31, 1998, is the result of operations  from
November 18, 1993, to May 31, 1998.

8.   Stockholders Equity:

During  the period September 1, 1997, through May 31,  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 May 31, 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 May 31,  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  nine months ended May 31, 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
nine months ended May 31, 1998:
<TABLE>                                                  
<S>                                                      <C>
Net loss                                                 $31,739
Issuance of 2,469,000 shares of common stock for Fees    118,340
and General and Administrative
Income Statement Loss                                    $150,079
</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  nine months ended May 31, 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 May 31, 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