Favourit – social network App helps you bet smarter. Their new platform offers a brand new way for sports fans to engage in social sports betting experience with real money betting partners to tap the wisdom of the crowds.
Favourit, the smartest tipping and betting community for sports fans can be downloaded at the App Store beginning today for free. The Sports Techie blog spoke on Skype to Toby Simmons, Favourit CEO, about his sports technology business and the pioneering launch of their iPhone app. “It is an open source platform and data is the key driver,” said Toby.
Favourit – The Smartest Social Betting Network
Favourit is wagering that a fusion of sports, betting and social media will return a huge payout for sports fans, betting operators, brands, teams and sports media partners worldwide. The groundbreaking Favourit social sports and betting platform, backed with more than $3.6M in funding from international and local investors to date, today announced the company’s global launch with the release of its Favourit iOS app in markets worldwide, to complement its existing web and mobile HTML apps.
Toby found that peers, bettors and most people in general would lay down a bet then open their social networks and chat it up. This habit was typically followed by opening up the betting app again to see what was going, if that kind of real-time information was even available. Instead of the constant back and forth between social media and stats or bookmakers, their business idea was to create an environment that has both options built into one app, with localized content that calculated the winning and losing performance of the crowd in real-time.
Favourit’s platform integrates with betting operators in regulated markets including UK market leader Paddy Power and its Australian subsidiary, Sportsbet.com.au, as well as Luxbet, a part of the TABcorp Group. In addition, a number of European market operators are moving forward with integration into the platform in the coming months, highlighting the attractiveness of the technology. As a result, Favourit powers a new channel for these companies to engage with users and offer a more personalized experience. Whilst Favourit operates its own branded portals, the business is also working with a number of partners to launch co-branded platforms. Favourit doesn’t facilitate real currency transactions but instead lets users access their existing accounts with these market-leading betting operators worldwide directly through the Favourit platform, via a cutting edge integration experience:
“Sports are about bringing people together to have fun, compete and win,” said Toby. “Social media platforms have changed the way we communicate on so many levels, and Favourit harnesses those capabilities for sports fans, giving them a revolutionary new way to discuss their teams, see the latest trends and stats from experts, and place virtual or real bets to increase the excitement of following the sports they love. While there’s nothing better for sports fans, this is also the future for sports betting operators.”
iPhone App Features
The new iOS app makes it simple – any Sports Techie can download the app to place bets, get live scores, follow unique insights into the game from expert tipsters as well as peers, and track leaderboard rankings. The user friendly TipTracker feature gives members a snapshot of global betting trends, and Favourit’s proprietary technology determines participants’ “Bet IQ” as they place their bets, letting them see how they stack up against other fans. The Dashboard is loaded with different sports and lines.
Favourit, which operates as a “Facebook for the sports betting world”, connects sports fans, their friends and licensed betting operators worldwide, providing a central hub where fans can come together to demonstrate their skills and knowledge about the most popular professional sports worldwide, including football, tennis, AFL, NRL, NFL, NBA and much more. Fans can compete against friends and fellow sports enthusiasts on the site or via the free mobile app by placing bets, either with virtual currency or real cash integrating directly with some of the world’s top betting operators.
Favourit was launched in June 2012 by brothers Toby and Josh Simmons, who are opening a formal Series A fund raising process to spearhead international expansion, having already received significant interest to date. Toby, 26, and Josh, 31, recognized an unmet need for a social networking platform to connect fans, licensed betting operators and sports experts, all in one convenient place.
Toby has work history with a web development company in Australia, corporate advisement, pioneering new markets, and ecommerce. He is a bookmaker and system development Sports Techie. I asked him why he started this business. He said it was because it was a, “Nice opportunity and no solution existed. This is a Global platform opportunity that offers value.”
Backed by an experienced team that includes Chairman Martin Dalgleish, Advisor of the Ellerston Capital Technology Fund, as well as Richard Kuo, Founder and CEO of Pier Capital, Favourit is in high-growth mode, with expansion plans underway into the Asia and US markets, and is shortly to release its applications to these international markets, among others.
Brands and advertising agencies benefit from the new platform by gaining access to a highly prized customer group, primarily males between the ages of 20 to 35. With Favourit, brands can engage prospective customers on a platform they’ll visit often and for extended periods of time as they follow the latest sports action.
Sports media partners and teams also receive a unique fan engagement opportunity: Favourit offers a second screen experience during live sporting events as well as new ways to connect with fans via widgets and gaming elements teams can incorporate into existing online and broadcast platforms. This gives them a new way to “gamify” their sport, putting fans at the center of the action.
Sports with the most user traction include the NBA, Football and Cricket, in addition to the Aussie centric IRL and AFL. “The sport that has been a pleasant surprise is tennis,” shared Toby.
Virtual gaming and wager currency is allowed the UK and Australia, however, certain regulations in the United States make it illegal. Toby feels that we might see significant changes in these laws in the U.S. over the next 2-5 years.
I enjoyed hearing how the company name came about by simply dropping a vowel as in the E. They are not working with the ATSN on this launch but Toby does know about them.
Download the free iOS app at https://itunes.apple.com/gb/app/favourit/id598098133?ls=1.
Founded in 2012 by brothers Toby and Josh Simmons, Favourit is the smartest tipping and betting community for sports fans, serving as the primary hub for online sports fun.
Favourit gives fans a new way to connect and compete with friends, follow leading sports opinions, create their own trends, and place bets using virtual currency or real cash through licensed betting operators worldwide.
With tools like TipTracker to keep tabs on betting trends worldwide and Bet IQ, which ranks individual tipsters on their sports prediction prowess, Favourit engages sports fans in a truly unique way.
Sports Techie, Getting started is easy. Login in via a social media account. You can take a three minute tour, follow an expert or start betting. By taking the tour you get started with 2500 Favourit Caps. Live scoring, expert commentary and tips, together with a Leaderboard competition that has outstanding prizes, are just a few of the reasons to join the world’s smartest social betting & tipping community.
Many bettors copy others because they know by doing so they can win too, some call this a tip. At Favourit you now have the opportunity to pick a winner through licensed operators, go head to head, climb the leaderboard, bet on the Champions League soccer final, wager of your countries National team, and share it all on a social network.
By providing a new social sports and betting network, Favourit is disrupting the sports betting industry in a positive way for everyone involved. Sports fans benefit by having a new social media hub they can use to compete with friends, access the latest sports opinions, and view live sports scores while showcasing their sports knowledge. Integrated betting operators get a new distribution channel that allows them to showcase their services to the next generation of punters.
Engage with your Sports Techie peers; find expert tips, news, stats, analysis, and previews, while betting the lines with fixed odds. Watch results, Challenge player to player, win points and prizes on the new Favourit social network App that helps you bet smarter. Thank you to Toby for sharing about Favourit with the Sports Techie community.
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