Betconnect Co-Founder Gives Analysis in Interview

In this report, we will be looking at the interview with the Betconnect Co-founder, Daniel Schreiber, to see what he had to say about his verdict on the gambling market in the UK. Let’s take a look. 

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Verdict of the Betconnect Co-founder 

Without further ado, let’s take a look at what Daniel Schreiber had to say:

What developments have occurred since Gambling Insider caught up with Betconnect at ICE?

We had just launched the product a couple of weeks before ICE and the last five months have been a whirlwind. As it is a new concept, people have been very keen to know more about it.

To be honest, we were overwhelmed with the interest we have received. A lot of our clients are trying to crack social gambling and with it being a new concept, everyone has been keen to see how we would progress and the impact we would have on the industry.

We’re attracting all kinds of users: exchange layers, for example, are coming to Betconnect as no other exchange offers commission-free laying. On other exchanges, if you lay and you win, you pay commission whereas with Betconnect our punters, who are effectively our layers, they are always commission-free. That has helped us attract a much wider audience.

How many pros is Betconnect now working with?

We now have over 800 registered pros on our books. Predominately, over 50% of our volume is on horseracing, which is great because where the industry suffers in terms of the exchanges, liquidity on horseracing doesn’t exist between early morning until half hour before a race. Liquidity is pretty light, especially if you’re a big hitter. 

If you are looking to back horses at the early prices, the only place you can get a reasonable bet on is with the bookmakers. So what we have noticed is we are becoming that kind of market to our players, between early morning and 20 minutes before the race itself.

This wasn’t something we expected at first; we were surprised with the significant interest in horseracing, with pros placing bets of all sizes. The lack of liquidity on exchanges has definitely helped us gain more players.

Ideally, by the end of 2019, we want to be up to 2,500 pros and we believe this is more than achievable as more and more people begin to discover Betconnect. I think the customer service side of the industry has been lacking in recent years, and that’s something we really pride ourselves on.

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