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.
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While Smarkets sets itself up as a social “Betting exchange” and Betable has a “Bet with your friends on anything” 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 Timothée Luneau says “We 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.”
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 €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.