One of the main inhibitors to success for suppliers is operator prioritisation, or in their cases, the lack of it. It is unlikely that an operator will dedicate internal resource to integrating a
standalone alternative or niche sport offering. Operators may still offer the product, but via manual upload of prices and settlement, which is far from ideal. JEEVAN JEYARATNAM
Chief Betting Officer Abelson Sports
The Attention Economy of Betting Reshaping Sportsbook Strategy
Abelson Sports’ third-party partner network is uniquely positioned to help operators target the next generation of bettors with fast, diverse and socially shareable betting content. Jeevan Jeyaratnam, Chief Betting Officer, explores how this ecosystem enables sportsbooks to innovate faster and build products that feel native to the way younger audiences consume sport today.
How is the behaviour of younger, social-native bettors fundamentally different from traditional sports punters and what does that mean for sportsbook strategy?
Te single biggest factor for me is attention span, though to be honest this isn’t just a trait confined to younger generations. Older generations, of which I am part, have also witnessed a change to prefrontal cortex function, in particular, in regards to attention. Te main culprit, of course, is the smart phone.
Short-format events and ‘highlight’ reels have gained in popularity and operators have shown willingness to cater to fans of this style of content.
Cricket provides an interesting case study for examining the changes in human attention. Traditionally, cricket, even in its shortest one-day format, would be played over 100 overs per match. More recently, Twenty20 cricket, played over just 40 overs, and the 100 (just 100 balls per side) have taken over the game both in terms of popularity and commercial revenues.
Test matches, traditionally a five-day affair, are finishing in record times, the 1st Test in the current Ashes series testament to changes in players’ attitude and attention, ending in just two days.
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Micro-markets have gained a real foothold within the industry over the last few years, a fact that supports my theories on concentration and fulfilment. Micros are the most casino-like markets available on a sportsbook and are perfectly positioned to benefit from changing behaviours.
Why are micro-sports, alternative sports and high-frequency events becoming essential for attracting and retaining the next generation of bettors?
Mobile phones offer access to a plethora of entertainment, and allowing for the negatives they also deliver, are here to stay. Te younger generation know little of what came before and have come to demand that their media content hits the right note within the prefrontal cortex in order for them to retain focus. Tis has led to opportunity and transition within a sportsbook.
In addition to micro-markets for traditional sports, there has been a shift towards providing new, varied sporting content to appease today’s younger crowd.
Social media and advances in streaming technology, tethered to low cost and speedy streaming data, allows content creators opportunity to launch their own channels has also opened doors for niche or new
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