Betswaps.com is an online sports tipping marketplace. This was started by Michael Timbs in 2016. As of January 2024, Betswaps.com’s net worth is over $10 million. They’re pulling in a whopping $10 million in annual revenue. 

In May 2016, they appeared on season 02 of Shark Tank Australia and made a deal with Glen Richards and Steve Baxter for $200,000 for 15% of equity. The final valuation was $1.3 million, down from the founder’s initial estimate of $2 million.

The appearance on the show and securing a deal allowed Betswaps.com to boost its sales and expand the business. As of January 2024, Betswaps.com is performing well in the market. You can get Betswaps.com services through the company website. 

Betswaps.com Net Worth

Net worth$10 million (2024)
Annual Sales Revenue$10 million (2024)
Profits–
Lifetime sales–
InvestorsGlen Richards and Steve Baxter
FounderMichael Timbs
Employees<10

Betswaps.com Net Worth Timeline

Net Worth 2024$10 million
Net Worth 2023$10 million
Net worth valuation in 2016 after appearing on Shark Tank  $1.3 million
Net worth valuation in 2016 before appearing on Shark Tank  $2 million

Betswaps.com Pitch on Shark Tank

ProductAn online sports tipping marketplace
EpisodeSeason 02 Episode 03
FounderMichael Timbs
Asked for$200,000 for 10% equity
Company nameBetswaps.com
Final deal$200,000 for 15% equity
SharksGlen Richards and Steve Baxter
LocationAdelaide, South Australia 

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Betswaps.com Founder

Michael Timbs founded Betswaps.com in 2016. Michael graduated from the University of Adelaide, completing his Civil Engineering degree. Michael is a tech enthusiast. He is an entrepreneur as well as a Software Engineer. He has been working as a Software Engineer for years in various companies. Betswaps.com’s founder, Michael Timbs’s net worth is unknown as of 2024.

Key accomplishments

YearAccomplishment
2016Betswaps.com was featured on Shark Tank and secured a deal.

Conclusion

From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Betswaps.com and its continued success.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

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