Social Betting App
Is 2020 the year for exploring social betting apps
Kiggit: Social Soccer Betting gives 500 credit points whenever i join it and that is the best thing which i like about this app. Skieredia-ww, Nice game for time wasting.
23 January 2020
Apple has thrown a few spanners in the works over 2019 when it came to the updated App Store Review Guidelines. This has shifted the industry focus on improving app design and functionality. It feels like the industry as a whole is in a rush to make their products more app-like for a continued slice of the App Store market.
- The Wager application (the 'App') is the official app of the peer-to-peer sports betting exchange operated by Cato Partners Limited (“Operator”, “we” or “us”). The App enables registered users ('Users'.
- The social network for sports bettors Never miss out on a winning tip, bold prediction or big play by staying connected to your friends, betting influencers and legal sportsbooks from anywhere in the.
- Betting through connected apps could provide a better social experience. For example, customers would no longer need to check their phones for updates but continue watching TV with results displayed.
Aside from this, where do we see the gambling industry evolving and providing customers with a new experience? I believe there will be more of a focus on sports streaming this year, so let’s take a look at it in more detail.
Streaming is more accessible than ever before
With the roll out of 5G this year, providing consumers with faster data speeds is more possible than ever before. On top of this, phone companies are now starting to introduce larger data packages of 30-60GB a month for £10-15.
With the cost of phone contracts/SIM lowering and increasing data speeds with 5G, consumers have more liberty to stream video content on their devices without worrying about running out of data. But that's just looking at apps on mobile devices, what about TV apps?
Can operators engage their audiences through smart TV apps?
As more and more consumers see the benefits of smart TVs, Amazon Fire Sticks and Google Chromecasts, a new opportunity arises in the gambling industry.
Let's look at football punters. A large proportion of them place bets with friends and go to the pub or a friend’s house to watch a match. Sky Bet has built on this idea in 2019 by developing Sky Bet Group Bets - a way to share and track accumulators with friends.
This is the first step in creating a shared social experience around betting, but what's the next step for Sky Bet? Sky Bet has the potential to make a smart TV app that provides users with sporting event streams and betting. Think Netflix with additional betting functionality. Imagine those football punters previously mentioned, switching on the Sky Bet app on their smart TV, being able to watch a live stream of their favourite sports and check bet updates. Cashing Out an acca could become even more exciting when you have lots of people cheering you on!
Expanding the social betting experience
Betting through connected apps could provide a better social experience. For example, customers would no longer need to check their phones for updates but continue watching TV with results displayed directly there. It would be as simple as casting a song to the Spotify TV app or a video to the Youtube TV app. There would be no need to sign in on the TV app and the customer would just cast their content through a shared wifi connection.
This helps create a stronger sense of community for a group of people having a shared experience around one focal point (the TV), rather than solo experiences (their mobile devices, paper betslips).
Another benefit of having one screen to focus on is being able to watch the match, while having the ability to easily check in and keep track of your friends’ accas and your own. Why go on another channel to watch a football match, when you can stream the game from a betting app to the TV along with viewing Cash Out fluctuations. It brings an added layer of personalisation and excitement to watching it at home.
What is currently available in the realm of social gambling?
Kwiff has a refer a friend scheme similar to Uber. Customers can share a code with friends to sign up to Kwiff to receive a free £10 bet. This campaign uses the power of social sharing to increase their customer base
Bet Bull’s unique selling point is their social betting community. It’s a brilliant concept where their customers can follow and subscribe to tipsters, get notifications on their next tip and view tipsters’ wins and how many people have won by following them.
People can be influenced by their peers to adopt certain behaviours on a largely emotional rather than rational basis. If someone has won £36,051 thanks to a tipster’s advice, some customers would be more swayed to place a bet after reading this information, than going off their own knowledge. Bet Bull also makes use of a lot of gamification but that’s for an upcoming blog.
Wager is a relatively new product on the market that is aimed at people who want to place bets with their friends. Customers can add their friends to the app, send each other bets and receive “instant pay out”. While this concept is unique, it feels like it’s trying to solve a problem that isn’t there. If someone wanted to bet with a friend, they could easily do this through speaking to each other, then transfer the money directly through a banking app or in cash. If someone needs a specific app to pay them back because of a winning bet, then maybe they shouldn’t be betting with that person in the first place.
We can look at the success of Playstation Playlink, Spotify, Apple Arcade or YouTube when exploring connected devices/apps.
Great opportunity for enhancing the betting experience
In a time when streaming is increasingly accessible thanks to numerous providers, higher internet speeds and allowances on devices, and smart technology capability, there could be a great opportunity for operators to jump on this to cash in on social betting.
Creating an app that punters could use for streaming and betting directly from their phones to a TV as easily as casting a show on Netflix, could really extend the engagement around sport and betting. A sports betting app for TV could display live bets, accas, results and Cash out options directly from the screen instead of only being available on the app. It could really enhance the social betting experience between groups of friends as well as keeping the focus on the TV screen for many customers.
While betting through connected apps is a fun and social way to bet, operators will still need to provide responsible gambling tools to these products. From one point of view, it’s helping to remove the “solo gambler” aspect and make it more of a group event. However, maybe betting with friends would introduce new social and financial pressures. If a problem gambler were to view social gambling as a chance for one-upmanship, they could risk potentially betting larger sums than they can afford just to outdo their peers. This avenue is definitely worth exploring, but there needs to be a right balance between making social betting activity fun and responsible.
If you'd like to explore social betting or discuss its potential further, drop us a message to see what we can do!
Sports, Politics, Personal or just for Fun
Get $20 in Contest Cash when you register
First social betting app
Social networking plus Betting what could more fun and exciting.
Players determine what bets to send and accept
Bet on any event or topic, real time or in the future with friends and peers.
Player to player or pool betting
Mybet Ghana
Politics, Sports, personal, just for fun, multiple winners, you decide.
Enjoy bragging rights
Leaderboard and smack talk lets players enjoy the all important bragging rights.
How Does It Work?
Register and validate your mobile number
You are now ready to send and receive both Player-to-Player and group bets
Once bet is completed in P2P bet either player can declare the outcome. In group bets the player who sent the bet declares winners
Buddies can send smack and banter for each bet, the leader board tracks wins and losses
Invite all your buddies and new registered players receive $20
You decide the bet, the amount, the odds, buddies to bet and when bet must be accepted by
If players don’t agree on out come our dispute flow kicks in
Register and validate your mobile number
nvite all your buddies and new registered players receive $20
You are now ready to send and receive both Player-to-Player and group bets
You decide the bet, the amount, the odds, buddies to bet and when bet must be accepted by
Once bet is completed in P2P bet either player can declare the outcome. In group bets the player who sent the bet declares winners
If players don’t agree on out come our dispute flow kicks in
Some Of The Best Features
BuddyBet = Social Networking + Betting
Bet on event or Topic
Buddies determine the bet, who to bet with, amount and when to be accepted by.
Social Betting Application
Players Determine the Outcome
When contest finish players determine winners.
In Play Betting
Buddies can bet real time during event or outcomes in the future
Multiple Betting Options
Head to head and pool betting gives buddies multiple options.
Bragging Rights
Players can send and send banter and smack talk. Leader board tracks wins and losses.
Totally Legit
Social betting between friends is legal when no third party makes money on the bet.
Jeffery Robertson
BuddyBet User
With MyBuddyBet I can finally bet on local sports events with my buddies, where I determine the bet, the amount and which friends to bet with. While we primarily bet on sports, I can also bet socially with my family and co-workers on politics, works and other non sports events and outcome. Now when some one wants to bet I say bring it on.... The other real interesting feature we are using is the ability to sent bets 'In Play' realtime as they happen. This is super fun as you can send multiple bets as the event progresses. And lets not forget the all important bragging rights that goes with each win!
Frequently Asked Questions
BuddyBet Overview
MyBuddyBet is the first self-arbitrating social betting app that allows you to bet on any event, topic or outcome with friends, family or someone with similar interest. Bets can be made in seconds so you can wager real time as events unfold or out in the future determined by you. Bet on a goal, an outcome, event or activity, the possibilities are endless. In contrast betting against the ‘house’ which only allows you to bet on a limited set of outcomes that they have determined and with odds that favor the house and the house usually wins
MyBuddyBet leverages “in-play” betting to its advantage, encouraging groups of friends to place bets between each other on the outcomes of sports events which are in-progress. NudgeBet™ makes it possible to easily create, manage and settle “in-play” bets with friends and colleagues, whether watching TV, experiencing the game live, or out on the golf course. You can even donate your winnings to your favorite charity. So, what are you waiting for download the free mobile app now on your mobile device.
Is BuddyBet Legal in the US?
BuddyBet falls under a category that is known as “Social Betting,” where two people with similar knowledge are placing bets between themselves. This type of betting is considered legal in the US.
BuddyBet does not determine what the players bet on who or they bet against, nor are we responsible for pay-out. If players do not agree on the outcome, we ensure funds are returned to both players. Players use their funds to accept and send bets, and BuddyBet takes a monthly fee from each user for using our app.
The definition of social gambling will differ slightly but is generally considered as wagering amongst friends or with people that have a similar interest or affiliation. Participants must compete on equal terms, and no players can be considered a professional gambler. A $10 wager on the outcome of a golf game or televised sports game would constitute a social wager.
Example of Social Gambling as written in the Arizona Revised Statue:
“Social gambling means gambling that is not conducted as a business and that involves players who compete on equal terms with each other in a gamble if all of the following apply
No player receives, or becomes entitled to receive, any benefit, directly or indirectly, other than the player's winnings from the gamble.
No other person receives or becomes entitled to receive any benefit, directly or indirectly, from the gambling activity, including benefits of proprietorship, management or unequal advantage or odds in a series of gambles.”
How does social betting differ from odds betting?
- The key difference with social betting is that it requires two or more people.
- One player will send a bet, and another person needs to accept it. (no solo betting)
- Players determine what to bet on, what amount, and with whom. (any event or topic)
- Players can communicate with each other before, during, and after the contest.
- Both players must have funds in their account prior to sending or accepting a bet.
- BuddyBet does set limits on the size of bets and deposits a player can add to their account.
- Funds are held until both parties agree on the outcome.
- If parties can’t agree on a contest result, the bet is called a draw and funds returned to both players.
- Sponsio Games does not make money on the bet outcome; we charge a monthly usage fee.
Social Betting: How it works?
Social Sports Betting App
After registration every player each player has $20 added to their account. Players can then invite players from there address book or send an text invite. Each player that you invite is added to your friends list. Once players are in your friends list you can send and accept bets with them.
BetFlow: To initiate a bet the first step a) is to determine the bet next is to b) select the person or in the case of pool bet, persons c) you select the amount of the contest and the date the contest must be accepted by d) you then have the option to set odds.
To send or accept a bet each player in the contest must have funds in your account, we will hold the funds until both parties agree on the outcome or a draw is declared.
Mybet Predictions
Send & Accept a Contest:
- Once a player-to-player (P2P) bet or contest is sent the player receiving the contest will get phone notification in the form of an SMS and in app notification. So, they are alerted a contest has arrived and who it was sent by.
- The bet card will show who the bet is from, the amount, odds and accept by date and time.
- It the accept time stamp expires the contest is closed and player who sent the bet will get a notification and have funds released back to their account balance.
- Any contest can be cancelled any time prior to being accepted.
- Player who received the bet or contest can counter by changing the amount, odds….
- In a pool contest the player who initiate the contest determines the players, amount and accept time, but also determines the payout to the winners. Payout will be a % of funds held for contest such as 1st place 60%, 2nd place 30% and 3rd place 10%.
- It is to note that each player can send banter and smack and other friends can see these bets and contest on the apps home page.
Contest Accepted:
- When a bet or contest is accepted the player who sent the bet will get an alert noting that the player (2) has accepted the bet and game is on!
- Each players bet card will now reflect the bet, funds to be release to winner and that either party may declare the outcome. In some cases, player may also set the date and time when a contest can be declared.
Contest Declaration (P2P)
- When the bet or contest has finished either player in a (P2P) bet can declare they won or lost.
- If they declare they won they will be asked to state the outcome of the bet, in some cases player may add a photo, URL or video. If they lose the player who won will be notified via a SMS they won and to collect funds.
- Once player (1) states the won the bet, player (2) will get an in-app notification and SMS that player (1) has declared they won and to sign into app to agree on the outcome or dispute.
- If player (2) agrees they lost, then the contest will be archived and player (1) account will be credited once they review the contest and select collect funds.
Contest Declaration on a Pool bet.
Social Betting App
- The player that set up the pool bet and the payout for the winners, will also determine the winners.
- He will be ask which player finished 1st, 2nd, 3rd, 4th…. Once selected the app will send a SMS to all players in the bet/contest that the contest has been declared and to sign and check the results.
- Each player in the contest bet card will list the winners and those that won will select collect funds and have winning added to their account.
Dispute Flows
- While over 95% of contest will be mutually agreed upon their will, because of misunderstanding or interpretations, that with certain bets players will not be in agreement on the outcome.
- In this case we provide multiple disputes flows in order to resolve these disputes.
- If a player (1) declares the won and player (2) disputes he will be asked to to state why he won and to add any evidence in the form a picture, link, final score
- Player (1) will receive a SMS that player (2) has disputed and to sign it to review the dispute.
- Player (1) can then accept that outcome by declaring they agree and that they lost or they can provide their own information to counter the claim in the from or result, picture, link…
- If player (1) still states, they are the winner and do not agree with player (2) stated outcome then the contest is declared a draw and funds are returned to each player account balance.
- Other safeguards include a countdown where a player declares they won and player (2) does not reply. Player (1) can send a nudge which is a mobile SMS to the player they need to agree to outcome. If player (2) does not reply to the declaration or nudge, player (1) can initiate a countdown where they give player (2) a set time to reply by in days.
- If player (2) does not reply the multiple mobile SMS’s, in app notifications and email if available, then player (1) will be declared winner.
Star Rating and Leaderboard
- While MyBuddyBet is a social app where players know each other or have accepted and invitation from a player, we do track and provide a star rating for each player
- This rating is based on contest accepted, contest sent and contest disputed.
- Each player can see this rating data so they can decide if they want to send or accept a bet from a players.
- But each player always has the ability not to accept a bet or contest from someone they believe is not playing fairly.
- Each player can remove and or block a player. If blocked the player who was blocked will just get notification that the bet expired. If removed we will remove both players from each other friends list.
- As mentioned there is a leader board where a player can see how much they have won or lost in total or with each player.