Social Betting App

Posted : admin On 3/30/2022

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Social Betting App Rating: 3,3/5 3302 votes

The phrase “social betting” is an umbrella, referring to a wide variety of activities around a common theme. The idea behind social betting is simple – take the house and/or the bookmaker out of the equation and allow wagers head-to-head between real people.
Social gambling apps are where social media and Web-based sports betting overlap. Capitalizing on people’s desire for all things social and the still-burgeoning online sports betting market, social betting apps are aimed at customers looking for new ways to participate in sports fandom.
Some social gambling sites and apps allow for cash prizes and real money transactions, but many reward bragging rights only. It should be no surprise that social betting apps that don’t reward cash are popular – they are nothing more than specialized social games, which have been popular nearly as long as sites like Facebook and Twitter.
The market for peer–to–peer gambling apps is growing – these days, apps designed to mimic fantasy sports league play are increasingly popular. These are similar to private “sportsbook” services that incorporate the same betting lines available from traditional bookmakers but are limited to a select group of participants, much like a fantasy football league.
The built-in social element raises the stakes, whether a social app pays tangible prizes or not. Success can be celebrated at the expense of losing friends, and victory can be shared among friends that bet in a similar way. The best social betting apps for iOS and Android know how to combine the trappings of a traditional social network with the features of a modern bookmaker app.
To that end, here are the five top social betting apps available for sports betting fans today. These apps allow for increased social interaction among bettors and have created a new way to wager, one that doesn’t involve a centralized authority like traditional bookmaker apps.
BETYOU - WWW.BETYOU.IE

Best Social Betting App
Social Betting App
Best Betting Apps
Social Betting Apps

Sports, Politics, Personal or just for Fun

Get $20 in Contest Cash when you register

First social betting app

Social networking plus Betting what could more fun and exciting.

Players determine what bets to send and accept

Bet on any event or topic, real time or in the future with friends and peers.

Player to player or pool betting

Politics, Sports, personal, just for fun, multiple winners, you decide.

Enjoy bragging rights

Leaderboard and smack talk lets players enjoy the all important bragging rights.

How Does It Work?

You are now ready to send and receive both Player-to-Player and group bets

Once bet is completed in P2P bet either player can declare the outcome. In group bets the player who sent the bet declares winners

Buddies can send smack and banter for each bet, the leader board tracks wins and losses

Invite all your buddies and new registered players receive $20

You decide the bet, the amount, the odds, buddies to bet and when bet must be accepted by

If players don’t agree on out come our dispute flow kicks in

nvite all your buddies and new registered players receive $20

You are now ready to send and receive both Player-to-Player and group bets

You decide the bet, the amount, the odds, buddies to bet and when bet must be accepted by

Once bet is completed in P2P bet either player can declare the outcome. In group bets the player who sent the bet declares winners

If players don’t agree on out come our dispute flow kicks in

Some Of The Best Features

BuddyBet = Social Networking + Betting

Bet on event or Topic

Buddies determine the bet, who to bet with, amount and when to be accepted by.

Players Determine the Outcome

When contest finish players determine winners.

In Play Betting

Buddies can bet real time during event or outcomes in the future

Multiple Betting Options

Head to head and pool betting gives buddies multiple options.

Bragging Rights

Players can send and send banter and smack talk. Leader board tracks wins and losses.

Totally Legit

Social betting between friends is legal when no third party makes money on the bet.

Jeffery Robertson

BuddyBet User

With MyBuddyBet I can finally bet on local sports events with my buddies, where I determine the bet, the amount and which friends to bet with. While we primarily bet on sports, I can also bet socially with my family and co-workers on politics, works and other non sports events and outcome. Now when some one wants to bet I say bring it on.... The other real interesting feature we are using is the ability to sent bets 'In Play' realtime as they happen. This is super fun as you can send multiple bets as the event progresses. And lets not forget the all important bragging rights that goes with each win!

Frequently Asked Questions

BuddyBet Overview

MyBuddyBet is the first self-arbitrating social betting app that allows you to bet on any event, topic or outcome with friends, family or someone with similar interest. Bets can be made in seconds so you can wager real time as events unfold or out in the future determined by you. Bet on a goal, an outcome, event or activity, the possibilities are endless. In contrast betting against the ‘house’ which only allows you to bet on a limited set of outcomes that they have determined and with odds that favor the house and the house usually wins

MyBuddyBet leverages “in-play” betting to its advantage, encouraging groups of friends to place bets between each other on the outcomes of sports events which are in-progress. NudgeBet™ makes it possible to easily create, manage and settle “in-play” bets with friends and colleagues, whether watching TV, experiencing the game live, or out on the golf course. You can even donate your winnings to your favorite charity. So, what are you waiting for download the free mobile app now on your mobile device.

Is BuddyBet Legal in the US?

BuddyBet falls under a category that is known as “Social Betting,” where two people with similar knowledge are placing bets between themselves. This type of betting is considered legal in the US.

BuddyBet does not determine what the players bet on who or they bet against, nor are we responsible for pay-out. If players do not agree on the outcome, we ensure funds are returned to both players. Players use their funds to accept and send bets, and BuddyBet takes a monthly fee from each user for using our app.

The definition of social gambling will differ slightly but is generally considered as wagering amongst friends or with people that have a similar interest or affiliation. Participants must compete on equal terms, and no players can be considered a professional gambler. A $10 wager on the outcome of a golf game or televised sports game would constitute a social wager.

Example of Social Gambling as written in the Arizona Revised Statue:

“Social gambling means gambling that is not conducted as a business and that involves players who compete on equal terms with each other in a gamble if all of the following apply

No player receives, or becomes entitled to receive, any benefit, directly or indirectly, other than the player's winnings from the gamble.

No other person receives or becomes entitled to receive any benefit, directly or indirectly, from the gambling activity, including benefits of proprietorship, management or unequal advantage or odds in a series of gambles.”

How does social betting differ from odds betting?

The key difference with social betting is that it requires two or more people.
One player will send a bet, and another person needs to accept it. (no solo betting)
Players determine what to bet on, what amount, and with whom. (any event or topic)
Players can communicate with each other before, during, and after the contest.
Both players must have funds in their account prior to sending or accepting a bet.
BuddyBet does set limits on the size of bets and deposits a player can add to their account.
Funds are held until both parties agree on the outcome.
If parties can’t agree on a contest result, the bet is called a draw and funds returned to both players.
Sponsio Games does not make money on the bet outcome; we charge a monthly usage fee.

Social Betting: How it works?

After registration every player each player has $20 added to their account. Players can then invite players from there address book or send an text invite. Each player that you invite is added to your friends list. Once players are in your friends list you can send and accept bets with them.

BetFlow: To initiate a bet the first step a) is to determine the bet next is to b) select the person or in the case of pool bet, persons c) you select the amount of the contest and the date the contest must be accepted by d) you then have the option to set odds.

To send or accept a bet each player in the contest must have funds in your account, we will hold the funds until both parties agree on the outcome or a draw is declared.

Send & Accept a Contest:

Once a player-to-player (P2P) bet or contest is sent the player receiving the contest will get phone notification in the form of an SMS and in app notification. So, they are alerted a contest has arrived and who it was sent by.
The bet card will show who the bet is from, the amount, odds and accept by date and time.
It the accept time stamp expires the contest is closed and player who sent the bet will get a notification and have funds released back to their account balance.
Any contest can be cancelled any time prior to being accepted.
Player who received the bet or contest can counter by changing the amount, odds….
In a pool contest the player who initiate the contest determines the players, amount and accept time, but also determines the payout to the winners. Payout will be a % of funds held for contest such as 1st place 60%, 2nd place 30% and 3rd place 10%.
It is to note that each player can send banter and smack and other friends can see these bets and contest on the apps home page.

Contest Accepted:

When a bet or contest is accepted the player who sent the bet will get an alert noting that the player (2) has accepted the bet and game is on!
Each players bet card will now reflect the bet, funds to be release to winner and that either party may declare the outcome. In some cases, player may also set the date and time when a contest can be declared.

Contest Declaration (P2P)

When the bet or contest has finished either player in a (P2P) bet can declare they won or lost.
If they declare they won they will be asked to state the outcome of the bet, in some cases player may add a photo, URL or video. If they lose the player who won will be notified via a SMS they won and to collect funds.
Once player (1) states the won the bet, player (2) will get an in-app notification and SMS that player (1) has declared they won and to sign into app to agree on the outcome or dispute.
If player (2) agrees they lost, then the contest will be archived and player (1) account will be credited once they review the contest and select collect funds.

Contest Declaration on a Pool bet.

The player that set up the pool bet and the payout for the winners, will also determine the winners.
He will be ask which player finished 1st, 2nd, 3rd, 4th…. Once selected the app will send a SMS to all players in the bet/contest that the contest has been declared and to sign and check the results.
Each player in the contest bet card will list the winners and those that won will select collect funds and have winning added to their account.

Best Betting Apps

Dispute Flows

While over 95% of contest will be mutually agreed upon their will, because of misunderstanding or interpretations, that with certain bets players will not be in agreement on the outcome.
In this case we provide multiple disputes flows in order to resolve these disputes.
If a player (1) declares the won and player (2) disputes he will be asked to to state why he won and to add any evidence in the form a picture, link, final score
Player (1) will receive a SMS that player (2) has disputed and to sign it to review the dispute.
Player (1) can then accept that outcome by declaring they agree and that they lost or they can provide their own information to counter the claim in the from or result, picture, link…
If player (1) still states, they are the winner and do not agree with player (2) stated outcome then the contest is declared a draw and funds are returned to each player account balance.
Other safeguards include a countdown where a player declares they won and player (2) does not reply. Player (1) can send a nudge which is a mobile SMS to the player they need to agree to outcome. If player (2) does not reply to the declaration or nudge, player (1) can initiate a countdown where they give player (2) a set time to reply by in days.
If player (2) does not reply the multiple mobile SMS’s, in app notifications and email if available, then player (1) will be declared winner.

Star Rating and Leaderboard

While MyBuddyBet is a social app where players know each other or have accepted and invitation from a player, we do track and provide a star rating for each player
This rating is based on contest accepted, contest sent and contest disputed.
Each player can see this rating data so they can decide if they want to send or accept a bet from a players.
But each player always has the ability not to accept a bet or contest from someone they believe is not playing fairly.
Each player can remove and or block a player. If blocked the player who was blocked will just get notification that the bet expired. If removed we will remove both players from each other friends list.
As mentioned there is a leader board where a player can see how much they have won or lost in total or with each player.