Will Faster MLB Games With Pitch Clocks Affect Microbetting Markets?
Simplebet announced a partnership with bet365 on Tuesday. The agreement is similar to Simplebet's pre-existing partnership. MLB, college football and NFL betting seasons occur simultaneously.
Nearly $1 million in handle for a recent A's–White Sox game. About $25 million on a top operator during the NFL season.
Microbetting is growing in popularity in the US. In-play betting caters to 25-45-year-old men and casual fans.
Simplebet CEO Chris Bevilacqua believes microbetting is going to be a dominant product across the landscape.
The average time between pitches in 2022 is 23.1 seconds. Baseball's new rules call for pitches to be thrown in 15 seconds with nobody on and 20 seconds for runners on base.
Bevilacqua says that two pitch level-markets make up over 50% of their baseball volume.
Pitch clocks will be faster than 94.5 mph in MLB games.
Simplebet CEO says that in-play betting will not be hurt by the new pitch clock. He points out that Simplebet's scale allows pitch-level markets to stay open for 21 seconds instead of 23 seconds.
Massachusetts Gaming Commission wants to ban in-game betting. The commission is aware that it is dangerous for problem gamblers. The compromise would be to allow customers to set limits on the amount they plan to wager in a single game.
