Sajeev C. Krishnan & Manoj S. Doshi
Industry: Betting Website
Founded: Ithaca, NY 2010
Website: www.betly.net
Email: manoj.s.doshi@gmail.com
We plan to start a subscription based betting website which would be the first of its kind operating out of the United States. Although betting is a much sought after service, especially amongst users in the US, there are no websites legal and immediately available and it is our aim to fill this void.
The website is based on a subscription based model. Users can sign up using their facebook accounts and pay to gain access to exclusive tiers of membership or may choose to be on the website for free. Users receive a certain amount of betting points everyday that cannot be rolled over, transferred or exchanged directly for anything of value. There will be a database of bets available to every user, but users themselves cannot create an event but can make suggestions regarding the same which we may decide incorporate. The user can wager any amount of points and the mechanics remain the same as with conventional betting. The points each user gains/loses is tallied to make up leaderboards per tier (so members of a particular tier only compete with others of the same tier) Depending on the tier, leaders would get prizes of different values; essentially, users pay more to win better prizes. The bets available on the website would cover a broad range of topics, not necessarily confined to the events in a particular region. We would provide brief information supplemented with links to other websites, for users who might not be familiar with a particular bet. As a result our website would be a wholesome learning experience in addition to providing users with the actual experience of betting.