MyBetFund is a sports betting prop firm that funds bettors after a two-step evaluation. Packages run from $1,000 to $25,000 with entry fees from $10 to $170, a 70% profit split, and monthly payouts. Step 1 asks for 10% profit and Step 2 asks for 5%, both under a 5% daily loss cap and a 10% total drawdown limit. The firm does not publish a founding year, a company location, or third-party review data, so treat it as an early-stage option and start small.
Rating Breakdown
Pros
- Low entry cost, starting at $10 for the Beginner package
- Clear two-step rules with fixed profit targets
- No personal betting capital at risk during the challenge
- Stake cap of 2% per bet builds in risk control
- 70% profit split once funded
- Monthly payouts processed in the first week
- Four account tiers to match different bankrolls
Cons
- No founding year published on the site
- No company location or HQ country listed
- No Trustpilot or third-party review record found
- 70% split is average and below the top sports prop firms
- Sportsbooks or bet-logging platform not named
- Scaling plan mentioned but details not published
- Short track record as an early-stage firm
Account Packages and Pricing
Two-Step Challenge Rules
| Evaluation type | Two-step (Step 1 + Step 2) |
| Step 1 profit target | 10% |
| Step 2 profit target | 5% |
| Minimum betting days | 7 per step |
| Max daily loss | 5% of account |
| Max total loss | 10% of account |
| Max stake per bet | 2% of account value |
| Time limit | Not stated |
Payouts and Profit Split
| Profit split | 70% to the funded bettor |
| Payout cycle | Monthly, processed in the first week |
| Capital at risk | None of your own during the challenge |
| Payout method | Not stated on the site |
| Scaling plan | Mentioned but details not published |
Our Verdict
MyBetFund calls itself the world’s first betting prop firm. The idea is the same one that works in trading prop firms. You pay an entry fee, pass a two-step evaluation, and then bet with the firm’s capital while keeping a share of the profit. For sports bettors who have a real edge but not much of a bankroll, that trade is worth a look.
The rules are simple and easy to follow. Step 1 asks for a 10% profit and Step 2 asks for a 5% profit. Both steps run under a 5% daily loss cap and a 10% total drawdown limit, with a minimum of 7 betting days and a 2% stake cap per bet. Those numbers are clear, and the stake cap forces you to spread risk rather than swing for one big win. The entry fees are low too, starting at $10 for the smallest account, so the cost to try the model is small.
The 70% profit split is fair but not market-leading. Some sports prop firms pay more, so MyBetFund sits in the middle of the pack on that measure. Monthly payouts in the first week of the month are a reasonable schedule, though we could not verify payout speed from outside sources.
The bigger issue is transparency. The site does not publish a founding year or a company location, and we could not find a Trustpilot page or any third-party review record. It also does not name the sportsbooks or the platform bettors use, and the scaling plan is mentioned without detail. None of that proves the firm is unsound, but it does mean you are relying on the firm’s own word with little outside proof to back it up.
Our take: MyBetFund is an early-stage firm with a clean rule set and a cheap entry point, held back by thin public information. If you want to test the funded betting model, start with the $10 Beginner package, read the full terms before you pay, and treat any larger account as a step you take only after you have seen a payout land. Compare it against other sports prop firms before you commit.
Frequently Asked Questions
Is MyBetFund a legitimate sports betting prop firm?
MyBetFund is a live sports betting prop firm that runs a two-step evaluation and pays a 70% profit split. It states that you do not risk your own capital during the challenge. It does not publish a founding year, a company location, or third-party review data, so treat it as an early-stage firm and start with a small account.
How does the MyBetFund challenge work?
MyBetFund uses a two-step challenge. Step 1 asks for a 10% profit target and Step 2 asks for a 5% profit target. Both steps use a 5% daily loss cap and a 10% total drawdown limit, a minimum of 7 betting days, and a stake cap of 2% of the account per bet.
What is the MyBetFund profit split?
Funded bettors keep 70% of profits. Payouts are monthly and are processed in the first week of the month.
How much does MyBetFund cost?
MyBetFund has four packages: Beginner at $10 for a $1,000 account, Basic at $45 for a $5,000 account, Standard at $85 for a $10,000 account, and Advanced at $170 for a $25,000 account.
Ready to try MyBetFund?
Two-step challenge. Entry from $10. 70% profit split. No personal capital at risk during the evaluation.
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