betr

betr

Digital platform for fantasy sports and microbetting

About

Betr.app is a digital platform that combines fantasy sports with microbetting, targeting sports fans who want to engage in betting on their favorite sports like NFL, NBA, MLB, and NHL. The platform offers two main features: Betr Picks and Microbetting. Betr Picks allows users to make multiple bets on player statistics, with the potential to win up to 100 times their entry, enhancing the traditional fantasy pick'em experience. Microbetting enables users to place bets on specific moments during live sporting events, catering to those who enjoy the fast-paced nature of sports. Betr.app generates revenue through entry fees from users participating in these betting games, making it distinct from competitors by focusing on both fantasy elements and real-time betting excitement. The goal of Betr.app is to provide an engaging and thrilling platform for sports enthusiasts to test their knowledge and instincts while enjoying the betting experience.

Company Stage

Seed

Employees

51-200

Industries

Fintech, Gaming

Total Funding

$116.7M

Headquarters

Miami, Florida

Founded

2022


Simplify Jobs

Simplify's Take

What believers are saying

  • Betr's sportsbook expansion into multiple states increases its market reach.
  • Acquisition of Huddle Tech's technology enhances Betr's sports gaming platform capabilities.
  • Growing interest in microbetting among Gen Z and Millennials boosts Betr's user base.

What critics are saying

  • Betr faces competition from established platforms like FanDuel and DraftKings.
  • Regulatory challenges in new states could hinder Betr's expansion plans.
  • Rapid expansion may strain Betr's operational capabilities, affecting service quality.

What makes betr unique

  • Betr offers instant gratification through microbetting on live sports events.
  • Betr Picks allows users to win up to 100 times their entry on player stats.
  • Betr's peer-to-peer 'Group Mode' enhances user engagement in fantasy sports.

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Growth & Insights
Headcount

6 month growth

8%

1 year growth

8%

2 year growth

8%

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