Bragbet

While the start-up team had taken a step back to focus on other areas in recent times, Bragbet is aiming to gain a stake in the social gambling space. "We all had other commitments. I had an MBA I was doing part time which I finished last month. We are now looking to push on with the concept and drive it forward to a profitable business," says Riordan.Gartner recently predicted that mobile gambling could reach a global figure of US$100bn by 2017, driven by social gaming and the development of mobile wallets."Online betting has never been a very social activity and we want to change all that by integrating it with the very best aspects of social media," says Riordan.

For instance, teams that sign up will be able to use social networking platforms just as Facebook and Twitter to post details of what teams they are putting their virtual bets on.