Betmarkets – Sports betting as an investment

Startup Name: Betmarkets

Tagline: Sports betting as an investment

Elevator Pitch: Betmarkets is a web platform that allows you to invest in sports betting by copying sports betting experts. We developed an engine that replicates experts’ bets in less than a second and integrated it in a platform that (1) is automated, (2) doesn’t require betting accounts, (3) produces reporting output, (4) is free-to-use. Users only need to register, fund the account and select which experts to follow.

After raising $221k and being selected by the Web Summit as one of the three best startups exhibiting in the last day of the conference, we have launched mid-November and achieved +1,000 users in 12 days.

Target Market: Already gamblers that want to replace current loss-making strategies and traditional investors who want to diversify their portfolios.

How will you make money?: Will get a cut of the profits made by users within the platforms. Cut on turnover and affiliate deals with providers.

How much capital have you raised?: 100-250k

Founder(s) Name: Afonso Vieira

Website: http://www.betmarkets.io

Twitter: @Betmarkets.io

City/Country: Porto/Portugal