BeeBettor logo

BeeBettor

Robinhood for sports prediction markets

Summer 2024active2024Website
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Report from 29 days ago

What do they actually do

BeeBettor is a mobile app that helps sports bettors find and act on positive expected value (+EV) bets. It provides a ranked +EV feed, odds screens, minute-by-minute line-movement charts, and bet tracking so users can save plays and review performance later Google Play, App Store. Short demos show how the app weights +EV signals and how users organize plays in the “Hive” YouTube demo 1, YouTube demo 2.

Today, most users research in BeeBettor and then place bets in their sportsbook apps; BeeBettor is in a closed beta with one sportsbook partner that supports in‑app bet placement. The company sells a subscription “power tool” and reported roughly $10.4k in MRR from these research/price‑shopping features YC company page.

Early users mention an active Discord and founder responsiveness in public reviews, suggesting a small but engaged community providing feedback and helping shape the product App Store.

Who are their target customer(s)

  • Value-seeking bettors hunting +EV plays: They can’t scan every book fast enough; prices move and manual price‑shopping causes them to miss edges. They need a faster way to surface +EV opportunities and verify line movement Google Play, YouTube.
  • Timers and “sharp” bettors focused on short-term line moves: They lack a single place to see historical movement and the fastest venue to place a bet; current in‑app execution is limited to one integrated book in closed beta Google Play, YC.
  • Semi‑professional bettors and strategy builders: They need reliable tracking and analytics to measure what actually makes money across books and markets; manual spreadsheets are error‑prone Google Play.
  • Casual bettors with many sportsbook accounts: Repeated KYC, juggling multiple apps, and checking prices everywhere creates friction; they want one interface and simpler execution (a roadmap goal) YC.
  • Power users who already pay for tools: They expect advanced filters, automation, and dependable execution/routing; they churn if the product stays research‑only without reliable in‑app placement YC.

How would they acquire their first 10, 50, and 100 customers

  • First 10: Founder-led, hands‑on outreach to known sharp bettors, engaged Discord members, and tipsters with free premium, white‑glove onboarding, and direct feedback loops to secure early advocates and testimonials.
  • First 50: Scale within niche communities: targeted posts and invite codes on Discord/Reddit, 1:1 demos for micro‑influencers, small podcast sponsorships, a simple YouTube demo, early referral tests, and partner cross‑promos to validate messaging and channels.
  • First 100: Make acquisition more repeatable: ASO and a lightweight launch, expand referrals/affiliates, templated onboarding, small paid tests (search/Reddit), case studies/newsletters, and one more sportsbook integration with co‑marketing to drive in‑app execution signups.

What is the rough total addressable market

Top-down context:

U.S. regulated sportsbooks handled roughly $150B in wagers and generated about $13.7B in revenue in 2024, indicating a large underlying market ESPN/AGA. Global sports‑betting revenue is also in the high tens of billions annually Statista.

Bottom-up calculation:

Starting from ~29.2M U.S. online sports bettors in 2023 eMarketer/Insider Intelligence, if BeeBettor converts ~0.5% (~146k users), ARR ranges from ≈$17.5M at $10/mo to ≈$219M at $125/mo; at 1% conversion, those figures roughly double.

Assumptions:

  • Focus on U.S. online sports bettors; international expansion excluded.
  • Paid conversion of 0.5–1.0% of online bettors is achievable with a compelling power tool.
  • Pricing spans $10–$125 per month; excludes affiliate/routing/B2B revenue.

Who are some of their notable competitors

  • OddsJam: Real‑time odds scanner and +EV/arbitrage alerting across many sportsbooks; strong on alerting/arbing workflows, less focused on multi‑book account aggregation or in‑app routing.
  • Betstamp: Mobile‑first odds comparison and bet tracking with closing‑line value and verified records; overlaps on line‑shopping and tracking more than multi‑book execution routing today.
  • Action Network: Large media/tools platform with live odds, projections, bet tracking (BetSync), and one‑tap bet‑sending (QuickSlip/Playbook); broader distribution and content, while BeeBettor emphasizes EV feeds and future aggregation.
  • OddsShopper: Odds aggregation and EV/portfolio tools aimed at fast deployment of many EV bets; a direct competitor for power users seeking scalable +EV execution workflows.
  • BetBurger: Arbitrage/surebet and value‑bet scanner for professional arbers; overlaps on finding mispriced lines, but not positioned as an account‑aggregation or execution hub for retail bettors.