Stakemate is a social betting platform, where the users are the bookmakers and their friends and everyone else are the pundits. No money is involved. Only respect at stake.

Bet on everything. The weather, sports, the night out, politics etc. Select an opponent among your friends and determine:

- What's your win chance?
- What's at stake?
- When is the bet stop for your opponent and 3rd parties, who wants to bet on the outcome of your bet?
- Should the bet be visible to everyone, only your network or perhaps just you and your opponent?
- What's at stake for people joining the bet as 3rd party?

As an opponent you have the opportunity to counter the bet, before you accept.

- Counter your win chances (in percentages)
- Counter what's at stake

As 3rd party you join bets you are not directly involved, and cannot settle a bet, but you can bet on the outcome of a bet, e.g. among your friends. The 3rd parties will have their own point pool to fight about and the people, who backed the winner will share the pool.