PicksPal, a Silicon Valley company (Mountain View, Calif.) that says it is the American Idol for sports, has raised $3 million in a third round of funding including former investors Bay Partners and Canaan Partners.

We wrote about the company here, when it raised $6 million.

Sports fans bet on the outcome of sports games, including baseball, NFL football, pro football, and other games. The best performers get profiled.

No word on how much money the company is making from advertising.