Sportchamps

About

Sportchamps is an Australian based online sports and race betting services provider. The company allows users to enter sports-related tournaments within a web or app based social platform to win money based on individual player performance. Contestants participate across a wide range of sports (AFL, NRL, Racing (Horse, Harness Racing, Greyhound), MLB, NHL, NFL, NBA, PGA and Soccer.

Sportchamps was established in 2016 by Alan Eskander, former founder and CEO of Betstar. The company currently operates out of their headquarters located in Cremorne, Melbourne. Sportchamps was able to successfully raise the capital funding required to bring their product to market in early 2016. The Sportchamps wagering model differentiates itself by offer tournament style betting. It focuses on providing a social betting platform for users to interact with each other whilst betting in sport and racing tournaments. The platform also allows users to play longer in tournaments by placing numerous bets and rebuying. The company's first tournament launched in November 2016.

Sportchamps offers a variety of sport and racing contests, in which players compete against each other throughout the length of a given tournament. Using real money to acquire ChampCash (SportChamps virtual currency), players are able to compete against each other in an effort to finish the highest on the leaderboard. Players will select the tournament that they wish to compete in and will then need to place a minimum of 5 bets in that tournament to satisfy the eligibility criteria. Players will choose from the markets provided and add the amount that they wish to place on each bet. From there players can check their positioning on the leaderboard for a live view on their standing in the tournament. Players will be able to re-buy to stay active in tournaments, however, they will need to place an additional 5 bets per rebuy. Once all players' bets have been resulted, then those who finished in winning positions (variable depending on the type of tournament) on the leaderboard, will be paid out a sum reflective of their overall standing.