Use the promo code GOLD to try SimBull with zero trade fees this September. Invest in sports teams like the stock market and make money every time a team in your portfolio wins!
Register using the promo code GOLD to receive one free week of SimBull Gold this September. What does this include? SimBull Gold is a membership plan that offers investors free trading. Typically, the $1/trade fee is used to fund win payouts on the SimBull market. Invest wisely during this week and every win your team picks up this season is 100% profit!
|Offer||1 Free Week of SimBull Gold|
|Terms||Check SimBull FAQs for a breakdown of how SimBull Gold works.|
SimBull is a sports marketplace that allows you to buy shares of teams. It functions just like the stock market where you can aim to “buy low” and “sell high” to maximize your profits. SimBull is perfect for sports fans that want some skin in the game but prefer to be in action for the long term.
SimBull was founded by a group of three friends who each have in-depth experience in sports betting, investing, and finance. Kenneth Giles, SimBull’s CEO, came up with the idea after watching the Cincinnati Bengals draft Joe Burrow back in April of 2020. Giles wished there was a way he could bet on the Bengals to be a good team “in a few years”.
Through futures wagers the sports gambling marketplace does allow bettors to invest in sports teams for this season. However, there is no way to invest in how a team will perform years down the road. Furthermore, bettors pay a 10% premium on the majority of bets they place.
Giles got together with two finance friends, Dallas Klein and Patton Fitzpatrick, to bring his idea of creating a stock market for sports to life. This allows sports fans to invest in the future of different teams, without having to pay juice to a sportsbook.
SimBull works exactly like the stock market, but instead of looking for undervalued companies, you want to find undervalued teams. Let’s say you are a diehard Cowboys fan and believe they will dramatically improve on last year’s disappointing 6-10 season. You can log in to your SimBull account and purchase as many shares as you want of the Cowboys for their current price of $47 per share.
If Dallas has a decent season and makes the playoffs, their price may rise to a hypothetical $77 per share. You can then “cash-out” your profits and receive a nice payout or hold your shares and hope Dallas makes a Super Bowl run. You can also make money in the form of win payouts.
SimBull offers win payouts every time your team wins a game. In our above Cowboys example, you will receive $0.50 per share every time Dallas brings home a W. Profit from the Cowboys just like Jerry Jones!
Think of win payouts like you would a dividend in the stock market. The cool thing is with SimBull you don’t have to wait once a month, quarter, or year to see those dividends like with the stock market. Each time your team plays a game provides you with an opportunity to earn a win payout.
Since each sports league plays a different amount of regular-season games, the win payout structure varies from sport to sport and league to league. Each football win is worth more because of the lesser amount of games each year.
We strongly recommend reading through the FAQs on the SimBull website thoroughly. They cover everything from depositing and withdrawing funds to how initial offerings and additional shares are handled.
Below are some key notes we think our subscribers should be aware of before completing their first trade.
No, SimBull is not a sports gambling website. Players are not wagering on any single sporting event.
SimBull is 100% legal in all 50 states because it’s an exchange that allows people to buy and sell shares of an asset. Similar to the way fantasy apps like PrizePicks give fans in non-betting states access to prop betting, SimBull gives sports fans in all 50 states access to futures betting.
The current price per trade on SimBull is only $1. However, SimBull does offer a monthly plan for only $3 or a yearly plan for only $25. This is SimBull Gold, which includes unlimited free trades. New users that register using one of our promo codes can receive a free week of Gold.
If you are going to be trading frequently, go with the yearly plan to save on trading fees. Paying these small amounts in fees is way better than paying an extra 10% to your bookmaker in juice every time a bet loses!
SimBull accepts all major credit cards, debit cards, PayPal, and Venmo. SimBull processes all payout requests through PayPal for a processing fee of 3.4%. It is important to keep this fee in mind when trying to determine if you should take profits as cash or reinvest them in the SimBull market.
Sports fans that were early into SimBull are raving about this product and we can certainly see why. SimBull is fulfilling a demand that has existed for decades by offering people the opportunity to trade sports teams just like stocks. Though the company is still fairly new, SimBull has already processed over 50,000 win payouts for their users.
The SimBull website has a nice layout and is very easy to navigate. Signing up for a new account takes less than a couple of minutes. The Portfolio page lets you quickly view your account balance, the shares of your current teams, and your win payout amounts.
SimBull has the potential to shake up the sports investing world by providing a service that you cannot find anywhere else. It combines aspects of the stock and crypto markets with professional and collegiate sports.
Given Simbull announced college football on June 17, 2021, they are clearly expanding the product into new leagues. This could open the door to everything from college basketball and hockey to UFC and golf. Golf would require the ability to invest in individual players which would be an exciting update.
If SimBull could create a large enough market that they could allow fans to invest in players this space could explode. Imagine being able to invest in players just entering the league (think Dynasty rookie draft) and then following those players as they develop and their stocks grow in value.
For now, we are grateful SimBull was able to execute a killer idea that opens a totally new marketplace for sports bettors in all 50 states.