Target Audience and Market Expansion
Our initial target audience consists of experienced bettors in the UK, with plans to expand to the US market when American football begins. By Q4 2024, we will cater to novice bettors who seek better returns on their bets, expanding our reach to more casual sports enthusiasts.
BetLookr will initially offer free access to build an audience, transitioning to a subscription model by September or October. We may explore affiliate revenue models similar to those used by casino sites, depending on the success of our subscription strategy.
Prediction System Evolution
Previously, our prediction tool utilized five AI-based and five mathematical models to provide probabilities across 40 betting markets for 50 competitions. To refine these predictions, human-based filtering was applied, which involved creating filters based on logical criteria (e.g., a home team winning at least three out of their last five home matches). While effective, this method was time-consuming and labour-intensive.
In preparation for the new launch, our data science team developed an autonomous filtering system. This new system eliminates the need for human intervention by allowing the computer to automatically decide on filters.