iGB Intelligence reports | Page 105

Chapter 4: Customer Engagement Marketing expenditure as a % of revenue by operator, 2014 36% 35% 33% 29% 28% 24% 13% bwin party 888 32 Red Betfair Betsson Unibet William Hill 10% Paddy Power Source: Operator annual reports 4.2 Attracting new customers Digital sportsbook operators need to balance the requirement of making their services easily accessible to novice gamblers with the provision of creating more sophisticated services for established customers. There needs to be a comprehensive offering that is priced competitively and that is tightly controlled and closely monitored by the operator. Sportsbook success factors 2 of sports, bet types • Breadth • No. of live events covered Product Pricing • • 1 Accurate pricing mathematical models controlled • Tightly • Closely monitored Risk management 3 Source: Paddy Power 4.2.1 Brand power Operators that are consumer-facing typically have a strong marketing-led business model seeking to attract customers to their website and to encourage loyalty from their active customers. These tend to be brands that offer a mix of sportsbook, casino gaming, poker, skill games and bingo and often have a well-known land-based brand (for example Ladbrokes and William Hill). Such operators vary from those that only offer betting, casino, poker, bingo and/or skill gaming, some of which have been around for nearly a decade or even longer and have grown to a substantial size often due to first mover advantage (such as PokerStars in the digital poker industry). 4.2.2 Standing out from the crowd In order to differentiate themselves in a crowded marketplace, digital sportsbooks are having to work 98 Digital Sports Betting