DubClub Aims to Help Amateur Sports Bettors Win More
In 2023, the American sports betting market generated a staggering $10.9 billion in revenue for casinos, sportsbooks, and iGaming. This figure is expected to reach $30 billion in the next few years, making it an attractive space for entrepreneurs and investors alike. However, as we delve into this industry, it becomes apparent that there are inherent structural disadvantages that can make it challenging for amateur bettors to win.
The Disadvantage of Amateur Bettors
According to Ryan Gaertner, co-founder and CEO of DubClub, a Chicago-based startup, "When betting on sports, you are at a structural disadvantage versus the sportsbooks. They have more data than the average person. Those companies make money when people lose." This is precisely where DubClub comes in – aiming to level the playing field by connecting amateur bettors with expert handicappers.
DubClub: A Platform for Expert Handicappers and Amateur Bettors
DubClub is a platform that allows amateur sports bettors to subscribe to professional ‘cappers,’ individuals who research and pick winners using their own handicapping systems. These cappers are experts in their field, with years of experience and a proven track record. However, as Gaertner notes, "Cappers really wanted to get paid, and they were already getting paid for their advice, but the system was archaic." DubClub’s founders recognized the need for a platform that would bring these cappers together with amateur bettors in a more efficient and trustworthy manner.
The Idea Behind DubClub
According to Gaertner, the idea behind DubClub came from a conversation he overheard between co-founders Andrew Daschbach and Lewis Burik. Daschbach wanted to get better information to help him find an edge while sports betting. He found handicappers online that were willing to share their picks, but finding these handicappers was fragmented, the payment process was sketchy, and it was hard to avoid scams.
Gaertner figured Daschbach wasn’t the only one with this problem, and thus DubClub was born. The company spent several years developing a platform that would connect cappers with amateur bettors in a secure and efficient manner. With its launch, DubClub aimed to address the structural disadvantages faced by amateur bettors.
The Benefits of DubClub
DubClub offers several benefits for both cappers and amateur bettors:
- Efficient Connection: The platform allows cappers to connect with multiple clients at once, streamlining their workflow.
- Transparency: Amateur bettors can view the track record and ratings of each capper before subscribing.
- Trustworthiness: DubClub’s payment system ensures that cappers are paid for their advice, while amateur bettors can trust that they’re getting expert advice.
The Future of DubClub
Gaertner is optimistic about the future of DubClub. He wants to eventually add features where users will be able to discuss different bets almost like a social media company. This would allow cappers and amateur bettors to engage with each other, share ideas, and learn from one another.
Conclusion
The American sports betting market presents a lucrative opportunity for entrepreneurs and investors alike. However, as we’ve seen, there are inherent structural disadvantages that can make it challenging for amateur bettors to win. DubClub aims to address this issue by connecting cappers with amateur bettors in a secure and efficient manner. With its innovative approach and user-friendly platform, DubClub is poised to revolutionize the sports betting industry.
Related Topics
- Sports Betting
- Startups
- Venture Capital
- United States
