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BettorTakes is an App that helps sports bettors win more by uncovering situations where they have an advantage. After a favorable 2018 Supreme Court ruling, sports betting became legal at the federal level, and individual states have begun adopting it since. It is one of the hottest industries in the country, with oversized stock gains, huge VC investments, and companies with large losses selling at many multiples of revenues.

BettorTakes helps sports bettors identify their strengths and weaknesses by analyzing their previous betting history. When the bettor makes a prediction, BettorTakes proprietary software looks at their record in similar situations and distills the variables into an EDGE score, letting the bettor know their proficiency before they decide to wager.

BettorTakes’ main advantage is its experienced, well rounded management team, which includes sports betting insiders. Sports gambling professionals include Bobby Firestone, a professional sports gambler and noted DFS personality with a media presence and following, Eric Haber, DFS professional, former #2 world poker player, and hedge fund manager, and Shane Sigsbee, professional sports bettor and business owner. Management includes CEO and high-level professionals in marketing, development, sports business, UX/UI, and data science.

BettorTakes has a nearly completed product, with its first version nearly ready for beta testing, and plans for release in early 2021. BettorTakes has no direct competition. There are several apps in the marketplace that offer bettors information, but those mostly sell picks or offer strategy & expertise.

Many have rudimentary ‘bet trackers’ that keep track of your history by league, but none analyze previous bets to find the individual bettor’s strengths and weaknesses.

Currently there are 10 people working for BettorTakes, all compensated with equity and no salary. The company has been funded by its founders thus far and has spent a total of $1,500 to date. Because everyone is working for equity, BettorTakes does not need much money to finish developing its software, go live, and start growing organically. The company has a round of funding open at a valuation of $2.5mm, and is looking for a small amount of funding, at most $100,000, to go live, gain traction, and hopefully sign up one or more partners that help gain exposure.

Once BettorTakes is established in the marketplace, the plan is to start a larger raise, at a much higher valuation, to grow the company quickly. There is a significant number of large investments and buyouts in the industry, and BettorTakes will try to take advantage of the current market place and create value quickly. The ultimate aim is a buyout at multiples of the current valuation.