Categories: Headline

Jake Paul’s Micro-Betting App Betr to Get Its First License

A few months ago, YouTube star-turned-boxer Jake Paul and his entrepreneur friend Joey Levy invested $50 million in a start-up called Betr. The project in question is actually a micro-betting app that allows users to place wagers on prop bets in live events. So far, users could do this only for fun, but starting January 1, 2023, some of them will be able to micro-bet for real money.

The first day of the new year is when legal sports betting will kick off in Ohio with 25 licensed gambling sites set to go live. One of those sites is Jake Paul’s Betr.

Betr to Become the 1st App for Micro-Betting with Real Money

Jake Paul and Joey Levy teamed up to fund Betr, an innovative start-up that’s meant to cash in on the sports betting frenzy that’s been happening in the United States. As more and more states make this gambling activity legal and regulated, sportsbook operators are turning incredible profits.

Betr is supposed to bring its founders a great turn on investment but through a bit different angle. Rather than letting the users bet on the outcome of sports events – as regular sportsbooks do – Betr is focused on micro-betting.

If you’re not familiar with the term, micro-betting is an activity in which you put your money on bets that are going to be settled within minutes or even seconds.

Micro-Betting Explained

With regular sports betting, you put your money on the outcome (or some other market) of the game. For the bet to settle, you need to wait for the game to finish. With micro-betting, you bet on live events, that is, the games that have already started.

You have this option in regular sportsbooks as well, in the live betting section. That’s where you can bet on the outcome, the total number of goals, and so on. With micro-betting, however, you get to bet on stuff that is going to be settled much quicker.

Some examples of micro bets include:

  • Team to score the next point(s)
  • Player to make the next foul
  • Method of the next point
  • Correct score at the end of the current minute
  • Result (1X2) in the next five minutes

With micro-bets, you don’t have to wait long before your bet is settled. This means that you will get your winnings quickly as well. This means that you can then continue micro-betting until the final whistle.

As you can see, micro-betting is a gambling activity that will keep you glued to the screen. You need to be involved actively, rather than just passively watching the game.

Grant Mahon

Grant is the self-professed casino madman and reporter that brought this eclectic team of dedicated and talented writers together from around the world to proudly build an humble empire of authentic casino news.

Recent Posts

  • Industry

Yahoo Sportsbook Launches at The Venetian Hotel in Vegas

The Las Vegas Strip has gotten another sportsbook! Last Thursday, Yahoo Sportsbook was launched at The Venetian. As its name…

2 weeks ago
  • Headline

Florida Player Wins the Record-Breaking $1.6 Billion Mega Millions Jackpot

The biggest news in the gambling world last week was that an unnamed lottery player from Florida won the Mega…

4 weeks ago
  • Headline

Another 4 NFL Players Suspended for Gambling

In April, five players got suspended by the NFL for breaking its gambling rules. Two months later, another four footballers…

2 months ago
  • Headline

800k Maryland Cars End Up Advertising a Filipino Cockfighting Site on Their Plates

What do cars in Maryland have in common with an online casino in the Philippines called Casino Gcash FAFA855, which…

3 months ago
  • Industry

MGM Casino Lifts Ban on Photos & Videos for Table Game Players

MGM is amending its policy regarding photos/videos/live streaming for table game players. From now on, the casino will issue permits…

3 months ago
  • Business

Jay-Z’s Roc Nation Gets Involved in Times Square Casino Lobbying

Entertainment agency Roc Nation, which is owned by American hip-hop artist Shawn Corey Carter a.k.a. Jay-Z has started lobbying for…

4 months ago