Noticias de ultima
  • 12.00 Pennsylvania Government Officials to Kick Off NCLGS Summer Meeting
  • 12.00 Pay4Fun's X-Ray report detailing payment law in Brazil
  • 12.00 Lawsuit Challenges Lottery Regulations in Brazil
  • 12.00 CT Interactive traces the future of iGaming in LatAm
  • 12.00 CasinoBeats Summit: Innovating the Conference Experience with Workshops and Hackathons
  • 12.00 EEGS presents its inaugural Affiliate Webinar
  • 12.00 Successful participation of Sportradar at SIGMA Americas 2024 with strategic focus on Brazil
  • 12.00 Soft2Bet’s Betinia shortlisted in five categories of the EGR Marketing and Innovation Awards
  • 12.00 Ocean Casino Offering Summer Helicopter Transportation to NYC
  • 12.00 Chance games may use results from foreign draws to place bets in Colombia
Sportsbook

Fox Sports makes a move into the sports betting market

Tuesday 25 de June 2019 / 05:48

2 minutos de lectura

(US).- A recent partnership with the Stars Group sees media giant Fox Sports making a move into the sports betting market, through the creation of Fox Bet. The news that Fox Bet will be also be delivering a Free-to-Play (FTP) game in their launch – to coincide with the forthcoming NFL and NBA seasons – suggests that FTP is now being considered a basic sports betting product requirement in the US.

Fox Sports makes a move into the sports betting market

Fox Bet’s FTP offering will be looking to replicate the great UK success of Sky Bet’s weekly Premier League soccer prediction game, Pick 6. The Pick 6 format is very simple: players predict the correct results of six fixtures to win a jackpot – with the Sky TV announcing winners as they progress, during their weekend sports broadcasts.


Despite the simplicity of the game, there is no guarantee that importing the model wholesale into the US market for the NFL and NBA will replicate Pick 6’s UK success.


As SportCaller MD Cillian Barry was recently quoted in US industry publication PlayUSA.com:


“A copy and paste of Super 6 won’t be enough in the US where there is a much more fragmented sports landscape with a greater regional focus. They will need to take a hyper-local approach with a long tail of free-to-play products across sport, state, team, college, even perhaps by player.”


In the UK, there has been a dramatic move toward FTP games as sportsbooks face increased regulation and the unsustainable costs associated with awarding free bets and offering enhanced odds to retain customers.


“Sky Bet led the way, and others followed, showing that a simple game format can bring in good quality customers and keep them coming back,” Barry says. “Free-to-play is also proving highly effective at cross-selling, whether operators want to move customers from soccer to other sports or encourage and educate a casino or poker customer around the basics of sports betting.”


In addition to FTP’s proven low-cost customer acquisition and retention benefits internationally, it possesses benefits specific to a newly regulating sports betting market, such as the US, by:



  • Providing an educational tool in relation to betting mechanics and parlaying a bet without the player losing any real money

  • Being acceptable in states in which real-money wagering is not yet permitted

  • Having the capacity to bridge the gap between fantasy sports and live betting

  • Being flexible in relation to their level of integration with an operator’s online sportsbook: providing a fully integrated, seamless live bet conversion pathway for new betters in states like New Jersey – but a much lighter degree of integration in states yet to license, or ones that have licensed but with greater restrictions.


However, it would be risky to assume that carbon copies of successful UK games will gain the same sort of traction in the US without considering the unique and highly fragmented nature of the US market.


 

Categoría:Sportsbook

Tags: Sports Betting, Sportsbook , betting software, Online Betting,

País: United States

Event

GAT EXPO CARTAGENA DE INDIAS 2024

09 de April 2024

Casino Garage: committed to sustainability

(Cartagena de Indias, Exclusive SoloAzar) - Meet Ester Tarres, the visionary behind Casino Garage, a world leader in refurbishing second-hand slot machines since its creation in 2006. With a team of professionals, Casino Garage has become synonymous with excellence. In this article, Ester tells us about her presence at the GAT Expo, held from 9 to 11 April.

Tuesday 07 May 2024 / 12:00

Responsible Gaming, Regulation and Certification in Latin America and the Caribbean

(Cartagena de Indias, Exclusive SoloAzar). - Karen Sierra-Hughes, Vice President for Latin America, the Caribbean and Spain at GLI (Gaming Laboratories International), led the GLI Corporate Conference: Technology and Sustainable Gaming. With her extensive experience as a gaming regulatory consultant in the region, Karen offered key perspectives on how technology can drive sustainability in the gaming industry.

Tuesday 07 May 2024 / 12:00

Unveiling innovations: WA.Technology's highlights from GAT Expo 2024

(Cartagena de Indias, SoloAzar Exclusive).- In an exclusive interview with Patricio Molloy, Business Development Latam at WA.Technology, we delve into the latest offerings showcased by this leading gaming solutions supplier firm at the GAT Expo Cartagena 2024. From a comprehensive iGaming platform to cutting-edge AI integration, discover how this company is shaping the future of gaming experiences in Latin America and beyond.

Monday 06 May 2024 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST

MÁS CONTENIDO RELACIONADO