FK Radnik Surdulica

What FK Radnik Surdulica does

FK Radnik Surdulica is identified in the firmographics as a 22-employee entity based in Surdulica, Central Serbia, with a website at fk-radnik.com. The operational and market data supplied, however, describes an online sports betting and iGaming platform operating under the brand SBOBET88, founded in 2004 and self-described as the first online football betting provider globally. The platform offers sportsbook wagering (single bet, mix parlay) on football and other sports, alongside live casino, online slots, arcade games, keno, and horse racing, all accessible through a single integrated account. Underlying technology is a mobile-first web platform with a lightweight WAP interface and a regularly updated system of anti-blocking alternative links designed to maintain access in markets where ISPs restrict gambling sites.

The business model is transaction-fee based: the house earns on the margin embedded in betting odds and on casino/slot game economics. The customer base is concentrated in Indonesia and described as "hundreds of thousands" of football betting players. Customer acquisition is driven by promotional incentives — new member bonuses, cashback, and daily promotions — combined with a regional agent/referral network that assists with deposits and withdrawals, since direct payment rails in Indonesia are constrained. Distribution is primarily direct-to-consumer via the website, with bottom-of-funnel conversion supported by 24/7 WhatsApp and live chat. The company holds licensing from First Cagayan Leisure and Resort Corporation (Philippines/Isle of Man jurisdiction) and claims a public listing on the London Stock Exchange under ticker SBOb, though no financial disclosures are available in the source data. Pricing signals indicate a low-friction entry tier with a minimum deposit of 5,000 Indonesian rupiah.

Note: the data exhibits a significant mismatch — firmographics describe a Serbian entity with 22 employees, while all substantive product, technology, GTM, and revenue data describe an Indonesian-market online gambling platform. This description is grounded in the substantive operational data; the firmographics mismatch should be resolved before any investment decision.

Name

FK Radnik Surdulica

Legal name

SBOBET88

Website

https://fk-radnik.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

FK Radnik Surdulica is a 22-employee entity based in Surdulica, Serbia, though the substantive data describes an online sports betting and iGaming platform branded SBOBET88, founded in 2004, serving Indonesian bettors with sportsbook, casino, and slot products via a mobile-first web platform.

Ownership category

akta.pro rank

Product category

Online Sports Betting

NAICS

Gambling Industries (7132), Other Gambling Industries (713290)

SIC

Services-Amusement & Recreation Services (7900), Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Sportsbook Affiliate & Comparison Sites (MPAEAMAA)

akta.pro secondary industry

Payments, Wallets & Cashiering for Sports Betting (MPAEACAG)

Keywords

• Online sports betting
• Football betting platform
• Mix parlay wagering
• Online casino games
• Mobile betting site

Headquarters

HQ city

Manila

HQ country

Philippines

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Marketing or Sales, Operations, Personnel

Revenue model

1. Sports Betting/Stake Revenue: Platform generates revenue through betting stakes placed on sports events including football, with odds-based pricing that provides the house edge.
2. Casino Games: Revenue from live casino games, online slots, arcade games, and keno available on the single account system.
3. Promotional Incentives: Platform offers cashback, daily bonuses, and new member bonuses which drive player engagement and retention.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Online sports betting and casino platform providing football betting (single bet and mix parlay), live casino, online slots, arcade games, keno, and horse racing through a unified account. Targeted primarily at Indonesian consumers with mobile/WAP access, alternative links to bypass network restrictions, and 24/7 online access with a minimum deposit of 5,000 Indonesian Rupiah.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Sports Betting (Football Wagering) Online football/soccer betting platform offering single bets and mix parlay combinations across Asian competitions and leagues, with competitive Asian-handicap odds, for Indonesian and Asian consumers.
• Live Casino Games Live dealer casino games available on the same account as the sportsbook, targeting existing platform users.
• Online Slots and Arcade Games Online slot games and arcade games offered within the SBOBET platform under a single account.
• Keno and Horse Racing Wagering Keno and horse racing betting products available on the unified account, supplementing the sportsbook and casino offerings.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• First Cagayan Leisure and Resort CorporationcoreOthersLicensing and regulatory body that provides official licensing and certification for SBOBET operations. Based in Isle of Man jurisdiction from Philippines.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Dafabet: Dafabet is a leading Asian-facing online sportsbook and casino operator offering football betting, mix parlay, live casino, and slots to players across Southeast Asia, including Indonesia. It is the closest direct competitor in product mix, target market, and Asian-odds positioning.
• IBCbet / Maxbet: IBCbet (rebranded as Maxbet) is a long-running Asian online sportsbook serving Indonesian and Southeast Asian players with sports betting, mix parlay, and live casino offerings — a direct competitor with similar product positioning and target geography.
• CMD368: CMD368 is an Asian-focused online sportsbook with strong presence in Indonesia, Malaysia, and Thailand, offering football betting, mix parlay, and live casino — directly overlapping with SBOBET88's product mix and Indonesian target audience.
• 188Bet: 188Bet is an established Asian and European online sportsbook offering football betting and casino products with deep penetration in Southeast Asia, making it a direct competitor for the same Indonesian bettor base.
• M88: M88 is an Asia-focused online sportsbook and casino brand serving Indonesian and Vietnamese players with sports betting, casino, and slots. Comparable in product, regional focus, and reliance on affiliate/agent networks for player acquisition.

Broad incumbents

• SBOBET: The original SBOBET brand, founded in 2004 and licensed by the Isle of Man/Philippines, is the global sportsbook whose name and platform SBOBET88 effectively white-labels for the Indonesian market. It is the most direct comparable in terms of product offering (football betting, mix parlay, casino) and licensing lineage, but at vastly larger scale and with broader geographic reach.
• Pinnacle: Pinnacle is a globally recognized high-volume online sportsbook known for competitive Asian odds and sharp-bettor focus. It competes for value-oriented Asian football bettors who also patronize SBOBET-style platforms.
• Betway: Betway is a major global online sportsbook and casino offering football betting, in-play, and casino products. While not Indonesia-specialized, it competes for international-facing Indonesian bettors seeking global brands.
• 1xBet: 1xBet is a large global online sportsbook and casino operator with significant presence in Southeast Asia, offering sports betting, mix parlay, casino, slots, and aggressive promotional bonuses targeting the same price-sensitive Indonesian and broader Asian segments.
• Bet365: Bet365 is the largest globally recognized online sportsbook, offering comprehensive football betting, in-play, casino, and slots. While not Indonesia-specialized, it competes for the same online sports betting wallet share among Indonesian players who can access international platforms via VPN.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/fk-radnik-surdulica

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FK Radnik Surdulica