London – 2nd August 2019 – Innovative new betting exchange betconnect has reached its first major milestone with over £1 million of monthly matched bets placed on the platform in July.
Launched in February 2019, betconnect is the world’s first transparent betting exchange, offering punters the chance to get Bet Requests from Pro sports bettors who are restricted by traditional bookmakers. It is the first notable disruptive technology platform in the industry since Betfair in 2000.
The new milestone means that almost £4 million worth of bets have now been matched on betconnect in just six months as punters flock to the platform to benefit from its Pro sports bettors’ expertise.
betconnect hit the July £1m million mark faster than fellow betting exchange SMarkets, highlighting the growing demand from matched bettors, exchange bettors and layers for high liquidity to maximise winnings and expert-initiated crowd transactions.
Bookies restrict more than £1bn of bets annually, leaving Pro gamblers strapped for liquidity. betconnect brings together Pros who want to get a bet on with regular Punters who want an inside edge, connecting them in a simple exchange of a tip for a stake.
Ex-trader and CEO of betconnect, Dan Schreiber, commented: “An earthquake has just landed in the sports betting exchange market. While competitors set sail for the gold rush in the US, betconnect is quietly disrupting the UK sports betting industry and taking market share at a record rate. With the English Premier League kicking off next week, there’s never been a better time to use betconnect.”
Pros can create and submit bets into the betconnect platform on all major sports and betting markets, using the very best real-time odds. The bets are then intelligently distributed to a network of punters who are prepared to match the bet in exchange for the tip received in the process. Recreational punters can browse the directory of Pros and connect with the ones whose bets they are interested in following.
betconnect is the world’s first transparent betting exchange, connecting professional gamblers looking for liquidity with punters looking for an inside edge.
betconnect.com is licenced and regulated by the U.K. Gambling Commission (Number:000-044346-R-323354-001) for customers in Great Britain.
