Users have reported a fun experience with the app, but have complained that it is buggy and tends to log them out randomly. They also have fewer deposit options than other sportsbooks and are committed to responsible gambling.
The company betr was co-founded by social media star Jake Paul, who is a professional boxer. Its CEO is Miami Tech veteran Joey Levy, who previously founded B2B product development firm Simplebet.
It’s a microbetting platform
While sports betting is mostly based on money lines and point total over/unders, Betr’s co-founder Joey Levy believes micro-betting offers an opportunity to “simplify the sports user experience.” The company’s beta version, available now in select states, allows users to place wagers on specific events within games such as individual NBA possessions, NFL drives, or baseball pitches.
The app is designed to appeal to a younger demographic, and it offers a variety of betting options that are often unavailable at major sportsbooks. During a recent interview, Mike Denevi, Betr’s head of media, and Alex Ursa, the company’s head of product, explained how the Betr app deviates from traditional sports betting.
Social-media influencer-turned-boxer Jake Paul and sports betting entrepreneur Joey Levy have raised $50 million in a Series A funding round for their new venture, Betr. The list of investors includes the owners of the San Francisco 49ers, Boston Celtics, and Miami Marlins as well as sports-themed technology firm Simplebet.
It’s a sportsbook
Betr, a sportsbook co-founded by celebrity influencer Jake Paul, is trying to bring micro-betting to sports fans. The app offers players the chance to place bets on individual player performances, team wins, and total scores. It also includes so-called props, or proposition bets. A prop bet is basically a wager on an event that is unlikely to occur, for example, betting on heads or tails on a coin toss.
The app features a clean, easy-to-navigate user interface and focuses on microbetting. It is unlike the major sportsbook operator apps, which feature a variety of different betting options and a confusing layout. The app’s odds are displayed in a straightforward format with multipliers next to them, making it easy for novices to understand.
The app is currently available for free-play in Ohio, and will be launching for real money later this year. It is backed by the Anti Fund, which invests in early-stage consumer and creator economy businesses.
It’s a casino
Betr is a casino that offers sports betting and some other types of gaming. The company does not have brick-and-mortar locations but is available to players in all states where it is legal. They offer markets on all major domestic professional and college sports as well as fantasy contests. The company also provides customer support for its users. Their help page has a search function that guarantees a response within 72 hours and they have a dedicated email address to answer any questions. The company has also chosen not to accept credit cards as a way to promote responsible gambling.
Founded by former SimpleBet co-founder Joey Levy and YouTube celebrity and professional boxer Jake Paul, Betr has raised over $50 million from a group of high-profile investment firms and celebrities. It plans to launch its real-money sportsbook on a state-by-state basis, beginning with Ohio. The company is also undergoing licensing review in Massachusetts, Virginia, and Indiana.
It’s a betting app
Betr is a sports micro-betting app co-founded by social media influencer Jake Paul that offers stress-free sports wagering on demand. It focuses on short-term, in-game wagers and features payouts priced in multiples rather than traditional odds.
Its focus on micro bets is a welcome change to the industry, which has historically been dominated by money lines and point total over/unders. It is also likely to push other operators to introduce more betting options, such as same-game parlays.
Despite being new, betr already has a significant following in the United States. It has launched in Ohio and Massachusetts, with license applications pending for other states as well. Its sign-up process is simple and secure. It only takes a few minutes to register an account, and it is possible to start placing real money bets shortly after the registration process is complete. The betr app is available on iOS and Android devices. It is free to download and offers a $50 bonus credit upon registration.
