Sporttrade is a sports betting platform that utilizes a market-making model to offer users competitive prices and high betting limits, akin to trading in financial markets. By eliminating traditional sportsbook fees and delays, it provides a more efficient and cost-effective betting experience for users.
Funding
$36.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CVHRLSI+1Founders
Product
Problem
Traditional sportsbooks often have built-in delays for in-play bets and less favorable odds due to sportsbook fees, reducing potential profits for bettors. Existing platforms may also lack the responsiveness and real-time updates needed for an optimal live betting experience.
Solution
Sporttrade is a regulated sports prediction market that functions as a betting exchange, offering users better prices and instant bet acceptance. Unlike traditional sportsbooks, Sporttrade uses a market-making model where market makers compete to provide the best prices and highest limits. This allows users to trade in and out of positions during live games, capitalizing on fluctuations in the odds and potentially securing profits before the event concludes.
Target Audience
Sporttrade primarily targets sports bettors who engage in live, in-play betting and seek better odds, higher limits, and the ability to actively trade their positions.
Features
- Market-making model providing competitive odds, often closer to -104 than -110
- Instant bet acceptance for frictionless in-play betting without delays
- Real-time updates and a responsive interface for live market monitoring
- Concierge service offering personalized support
- Support for a variety of sports, including NFL, NBA, NHL, MLB, Golf, and more
- Secure and fast deposits and withdrawals