WagerWire

WagerWire is a revolutionary startup operating in the sports betting industry. It provides a unique marketplace and tools that enable users to actively manage their sports bets, similar to how investors manage a portfolio of stocks. The platform allows users to buy and sell open bets, cash in on parlays before they bust, and trade game lines. This innovative approach empowers individual bettors to take control of their betting experience beyond just placing bets.

The company's business model is based on creating a secondary market for sports bets, a concept that has the potential to disrupt the US sports betting industry. This secondary market allows users to capture value by buying low or selling their action for a profit, even if the team they bet on goes on to lose. This model serves sports bettors who are looking for a more dynamic and engaging betting experience.

WagerWire also offers tools for bet tracking and analysis, enabling users to monitor their bets' performance and optimize their betting strategy. The platform also offers a community feature, fostering a sense of camaraderie among users that traditional sportsbooks do not provide.

The company generates revenue through transaction fees from the buying and selling of bets on its platform. It also earns from partner rewards and sharing bets with friends. WagerWire's rapid growth and innovative approach have earned it recognition in the industry, including being shortlisted for the SBC North America’s Sports Affiliate of the Year Award 2023.

Keywords: Sports Betting, Secondary Market, Bet Trading, Bet Tracking, Bet Analysis, Community, Disruptive, Innovative, Sportsbook, Transaction Fees.