FAYETTEVILLE, AR — BroThrow is a sports betting app that’s different than what many people are used to. BroThrow co-founder and CEO Brady Sharp says with his app, he’s not betting on houses, he’s betting on real people.
“You’re betting directly against other people, whether it’s your friends or other people on brothrow.com, or you can create your own group of individuals who want to bet directly.” Sharp said.
Sharp says BroThrow is different from most sports betting apps because the site takes money from bets evenly, saving users money.
“The main difference is that you’re not betting against the house, you’re betting on someone else, and you’re betting on fair terms,” Sharp said. “So if you go to bet at a traditional sportsbook, you’re paying $110 to win $100…and with BroThrow, you’re betting $100 to win $100. , you can save a ton of money…money, too,” Sharp said.
Sharpe and his associates came up with the idea as undergraduates at the University of Central Arkansas when they wanted to bet on their friends but had no legal options to do so in the state at the time. Ta. Instead, Sharp and his two co-founders, Andy Winkelman and Chad Dickinson, got creative.
“So we decided to make a social bet,” Sharp said. “We had a lot of people in the fraternity house, so we just started a group chat and we were making bets on each other and doing it for even money. And it turned into a group chat with over 120 people participating. “Grown” initialization. “
RELATED: New sports betting approved in Arkansas
RELATED: Arkansas has record year for sports betting
Arkansas legalized in-casino sports betting at the end of 2018. In its first full year, the Arkansas sportsbook brought in $11 million in total revenue. Now, app-based sports betting has become part of the equation, totaling almost $400 million this year.
“This year, $350 million was wagered on sports through casinos and their apps,” Sharp said. “To put it in perspective, about $50 million was wagered on-site, which means people in the physical casinos were wagered, leaving $300 million,” said Scott Hardin, a spokesman for the Arkansas Horse Racing Commission. Everything is done through the app.”
BroThrow is not affiliated with any casino betting app, but Sharp said it may be considering entering casino betting apps in 2024.
“We’re actively talking to casinos in the area, and we’ve been talking to Saracen here in Arkansas,” Sharp said. “One of our goals for 2024 is to find the right strategic partner locally as a casino operator to help take BroThrow to the next level.”
View 5NEWS Youtube.
Download the 5NEWS app on your smartphone.
Stream 5NEWS 24/7 on the 5+ app: How to watch 5+ apps on streaming devices
To report typos or grammatical errors, please contact us by email. KFSMDigitalTeam@tegna.com Please elaborate on which story you are referring to.