As its name suggests, FriendBet is about betting against friends rather than bookmakers. The site curates a list of sport events, news stories and TV shows to bet against and users can then choose a group of friends to bet on the result with.
While Smarkets sets itself up as a social â€śBetting exchangeâ€ť and Betable has a â€śBet with your friends on anythingâ€ť approach, FriendBet is somewhere between the two. It offers traditional betting subjects but focuses on small groups of self-organising friends. Co-founder and CEO TimothĂ©e Luneau says â€śWe target casual betters, using Friendbet to put their money where their mouth is. We worked a lot on the interface to make it very quick and understandable to place a bet and challenge friends.â€ť
London-based FriendBet operates in the UK and France. Luneau tells us that the service is set to be enhanced with improved social features and a broader range of betting options in future. The startup, which has raised â‚¬650,000 from French and British private investors, is currently in the process of signing partnerships with amateur football and rugby clubs to increase its userbase.