Used for over a year
I used SimBull for over a year and no longer use. Thought I would give a review of my experience.
PROS: First it is a legit service. I deposited $100 and through winning payouts and referral bonuses, I was able to successfully withdrawal to my PayPal account. I also never had any issues with receiving winnings and really love the idea.
CONS: The app crashes regularly and is not the best built. Can be frustrating to have to reopen multiple times just to place 1 order. Additionally, there is not large volume of users so buy and sell orders don’t get activated.
And finally the main reason I recently closed my account is I don’t think it’s sustainable. I am not sure how this company makes a profit when paying out winnings and only taking a small percentage on each trade. I wanted to love this app, but don’t see it being around long term.
PROS: First it is a legit service. I deposited $100 and through winning payouts and referral bonuses, I was able to successfully withdrawal to my PayPal account. I also never had any issues with receiving winnings and really love the idea.
CONS: The app crashes regularly and is not the best built. Can be frustrating to have to reopen multiple times just to place 1 order. Additionally, there is not large volume of users so buy and sell orders don’t get activated.
And finally the main reason I recently closed my account is I don’t think it’s sustainable. I am not sure how this company makes a profit when paying out winnings and only taking a small percentage on each trade. I wanted to love this app, but don’t see it being around long term.
Show more
Don’t be stupid like me
I don’t know why I gave these people a cent. Big mistake.
The business model doesn’t even make sense. Where are they getting the money to pay out dividends? How does this app generate money? Through fees? OK, best case scenario for these developers, this app gets millions of downloads with tens of millions of transactions per day. Wouldn’t that just drive up the price of a team to be so astronomical that the dividend payout wouldn’t even be worth it? A good team now will run you about $40 per share. Say it’s an NBA team. You get $0.10 per win. So you’re paying $40 to make 10 cents. Now imagine there’s millions of actual users and the price gets driven up to $100, $200, $500 per share??? Nobody in their right mind would pay that type of money, even if the team goes 82-0, you’re better off putting that money in a savings account at 1% interest.
I played around for like 6 months and made around $40 on my initial $170 investment, counting both what I made in dividends and “share value increases.” When I go to withdraw my $210ish, they say the max I can withdraw is $170, minus processing fees. Great, OK, whatever, fine, just give me my money back, oh wait, the app crashed (like it always does) and now it says I have insufficient funds in my account to make a withdrawal.
This is terrible app design at best and fraud at worst. Don’t be stupid like me.
The business model doesn’t even make sense. Where are they getting the money to pay out dividends? How does this app generate money? Through fees? OK, best case scenario for these developers, this app gets millions of downloads with tens of millions of transactions per day. Wouldn’t that just drive up the price of a team to be so astronomical that the dividend payout wouldn’t even be worth it? A good team now will run you about $40 per share. Say it’s an NBA team. You get $0.10 per win. So you’re paying $40 to make 10 cents. Now imagine there’s millions of actual users and the price gets driven up to $100, $200, $500 per share??? Nobody in their right mind would pay that type of money, even if the team goes 82-0, you’re better off putting that money in a savings account at 1% interest.
I played around for like 6 months and made around $40 on my initial $170 investment, counting both what I made in dividends and “share value increases.” When I go to withdraw my $210ish, they say the max I can withdraw is $170, minus processing fees. Great, OK, whatever, fine, just give me my money back, oh wait, the app crashed (like it always does) and now it says I have insufficient funds in my account to make a withdrawal.
This is terrible app design at best and fraud at worst. Don’t be stupid like me.
Show more
Excellent App, Trustworthy Company
Solid experience!
RUN AS FAST AS YOU CAN
I had high hopes… app crashes every 2 min, the layout is really confusing and you can’t cash out!! Total scam.
App closes
The app keeps closing by itself. Trying to make trades and it closes.
Good Concept, Rough App
Would use this app more if it were at all stable. Just crashes on me constantly and can hardly ever get the team pages to load to actually buy anything.
Best betting app so far
I love it it’s definitely legit and If I could give it a 10 star I would !!
Don’t miss out on this .
Especially if you like basketball and football most definitely the App for you worth every penny you invest
Don’t miss out on this .
Especially if you like basketball and football most definitely the App for you worth every penny you invest
My favorite sports betting experience
The stakes are as high or as low as you want. Fun for sports day-traders or grinders. I love to invest in my favorite teams and celebrate each win again when I collect my pay out. Just awesome.
Fun way to enjoy sports
I’ve really enjoyed my start with SimBull! First week and I’m already getting dividend payments!!
Download now
Must have for sports fans!
Great app
I love this concept, it gives me the ability to make money with sports which I love, whether it is by share price or win payout the choice is yours.
Great!
I love SimBull!
SimBull
Fun way to invest in your favorite teams!
Fun and exciting!!
I can’t believe how cool of an idea this app is! I’m a huge sports fan but not much of a stock trader. SimBull has opened the doors and combined the two. You won’t regret this app download!
Cool Concept
This is a great concept and a good alternative to DFS in states where certain gambling restrictions still exist. They’re responsive to inquires and actively seek feedback on ways to improve the app.
Great investing app
Love this app, it’s easy to use and easy to make money from buying and selling stocks
Great app!
One of my favorite trading apps out! Never have any issues and it is super user friendly!
Great
A great app and fun way to invest in sports.
A stock market for true sports fans
I have been using SimBull for over a month and have already seen significant returns in my initial investment. I find it to be an awesome way to have some “skin in the game”, as I find value in teams across several leagues (NFL, NCAAF, NHL). Love this app. Wish I was smart enough to have built this myself!
Show more
Simbull is Great!
Awesome app that allows sports fans to make investments on teams and really take advantage of their knowledge
