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Startups Want to Lure You Into Sports Betting

“Now that it’s legal, there will be a broadening of the market, where people are open to doing sports bets,” King said. King lays out a scenario where someone would come to an app and decide, say, that she liked Tom Brady. Putting down $5 would set off a series of bets paying out different amounts if he threw for two touchdowns, or if the Patriots won, or if he had more yards than any other quarterback playing that day. The user could either look under the hood to check the odds of and wisdom of each bet or—more likely—not worry much about it. Each aspect of the game might fall into a different legal category. Part of Readyfire’s service would be to convert all that complexity into the simply pleasure of a digital dopamine drip. Every time Brady completes a pass, the player on her phone would be a step closer to winning, without having to bother with the exact mechanisms of the game.  Another company that has been building an audience it hopes to convert to sports gambling in the near future is WinView Inc., whose investors include Graham Holdings Company, former owner of the Washington Post, TV company Discovery Inc., and Monumental Sports & Entertainment, which owns several sports teams. WinView offers a quiz-like game where people make series of predictions about what will happen in a particular match. Because smarter players outperform others, such contests are considered games of skill, rather than gambling, and are allowed.  Tom Rogers, the former CEO of TiVo, is WinView’s executive chairman. He said his company’s technology could be used to offer proposition bets, where people wager on something other than the outcome of a game, like whether a kicker will make the next field goal. Such games are popular in Europe, where sports betting is legal.

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