New industry incumbent Betconnect, an enterprise seeking to deliver betting’s ‘next-generation exchange, said that it is trading at unrivalled year-1 growth after recording another record-breaking month following the release of its October figures which show over £2 million of monthly matched bets.
Officially launched last February, Betconnect’s figures confirm the company’s ninth consecutive month of growth, and more than doubles its previous record of £1 million matched bets achieved in July.
Dan Schreiber CEO & Co-Founder of Betconnect, commented: “We have achieved a remarkable amount over the past nine months with some of the country’s biggest professional sports bettors using betconnect to get bets on without worrying about stake limits or account restrictions. Our Punters are bringing the liquidity, with big bets matched at speeds that would make other exchanges blush. No wonder our Pros keep coming back.”
As well as the high growth rates the company is currently experiencing, Betconnect is also considering bringing its next round of fundraising forward in an attempt to ensure it has adequate resources in place to support the rapid expansion it expects. Until then, the company has reiterated its commitment to seasonal offers with horse racing at 0% commission for all bets placed in November.
Betconnect is the world’s first ‘transparent betting exchange’ that offers users the chance to get Bet Requests from Pro sports bettors that would otherwise be restricted by traditional bookmakers.
The pros create and submit bets into the Betconnect platform on all major sports and betting markets, using the best real-time odds. These bets are then distributed to a network of punters who are able to match the bet in exchange for the tip received in the process. Users also have the ability to browse Betconnect’s directory of Pros and connect with those whose bets they’re interested in following.
Speaking at the start-up’s launch in February, Schreiber said: “Millions enjoy betting as a hobby and now recreational punters can follow the bets of professional gamblers. The central idea is about sharing expertise in a way that everyone benefits. eToro has proved the concept and appetite of people to be guided by financial trading experts. We are applying the same concept to betting.”