Betolio

Social betting on the rise

Press Release   •   Feb 10, 2016 08:52 GMT

Betolio is turning the tables on the gambling industry

A new tech industry startup has developed Betolio – a social betting app that lets Facebook friends make real-money bets with each other on football.

When co-founder and creative director Aaron McCoy was asked to describe the app, he painted a picture familiar with sports fans everywhere: “Imagine that you’re at the pub watching football with friends. Someone puts €10 on the table and announces "I bet Barcelona scores next!”. You accept the offer, and instantly the match becomes even much more exciting. Betolio is like that, but even better – it’s an app.”

Football is the most popular sport in the world, and until now there hasn't been an app for fans to make real-money bets with friends. Sure, there are plenty of options for traditional online gambling, but those sites are complex, intimidating, and ignore the social aspects that fans crave. Meanwhile, offline betting is difficult to track and generally ends with a failure to pay.

Betolio connects friends through Facebook and let’s them make real-money bets with each other on football. Simply select a match, bet, and friend – and the app does the rest. It's simple, social, and users always keep 100% of the winnings.

Betolio is prepping for the public release of a crowdfunding campaign on the 12th of February, hosted by FundedByMe. The campaign has been available via invite-only to investors since 27th of January, successfully raising over €100,000. Interested parties can view the campaign at http://betolio.com/fbm.

Betolio’s co-founder and business director Christoffer Johansson recently said, “Social Sports Betting is going to be huge. No one has succeeded in building a product to replicate, improve, and ultimately replace offline betting between friends. We believe Betolio is that product.”

If you would like more information about Betolio, please contact them using the information below or visit http://betolio.com

Please direct inquiries to:

Christoffer Johansson | christoffer@betolio.com | (SWE) +46 708 44 87 31

Aaron McCoy |  aaron@betolio.com | (USA) +1 626 644 6130

Betolio connects friends through Facebook and let’s them make real-money bets with each other on football. It's simple, social, and users always keep 100% of the winnings.

Find out more at http://betolio.com/fbm