UFC is pulling no punches with its new in-play product. But will it take off for a sport in which live betting currently accounts for just 8 percent of wagering volume? (Image: UFC)<\/figcaption><\/figure>\nThe company\u2019s first in-play betting product, UFC Event Centre (UFCEC), hopes to revolutionize the way fans bet on the MMA promoter\u2019s events. Created by UFC\u2019s sister company, IMG Arena, the UFCEC will create over 50 betting opportunities per bout, including 20 completely new propositions.<\/p>\n
UFCEC will be made available to partner operators across the world, including IMG Arena\u2019s existing portfolio of more than 300 operators. Partners will receive UFC\u2019s official data feed with a less than two-second latency, the company said Thursday, making it effectively real-time.<\/p>\n
Neither UFC nor IMG Arena have divulged the cost of licensing fees for operators or the cut of gross gaming revenue UFC is expected to take.<\/p>\n
In-Play Just 8 Percent of Bets <\/strong><\/h2>\nIMG Arena was launched last year by sports and talent management company IMG to capitalize on the growing liberalization of sports betting in the US. The New York-based agency shares a parent company, Endeavor, with UFC.<\/p>\n
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UFC is no stranger to gambling. Its former owners, the Fertitta brothers, own Station Casinos. They sold the championship to Endeavor for $4 billion in 2016 after building it into a global brand, having purchased it in 2001 for just $2 million.<\/p>\n<\/div>\n
But it\u2019s difficult to find data on the volume of bets placed on the UFC because US sports books tend to combine all betting revenue that isn\u2019t football, basketball, or baseball under the title \u201cother,\u201d which includes everything else, whether it\u2019s UFC, NHL, MLS, golf, or NASCAR.<\/p>\n
Last year in Nevada, \u201cother\u201d accounted for just 5.1 percent of the sports books\u2019 total win.<\/p>\n
According to IMG Arena, in-play betting accounted for just 8 percent of bets placed on UFC bouts \u2013 in tennis, it\u2019s 70 percent.<\/p>\n
Ramping Up Engagement <\/strong><\/h2>\nBut the UFC believes its new product will boost betting volume and drive fan engagement in the sport. The new options will enable betting on things like knock downs, submissions, takedown attempts and takedowns landed.<\/p>\n
\u201cIn-game betting is the fastest-growing part of the sports-gaming industry,\u201d Lawrence Epstein, UFC\u2019s chief operating officer told Bloomberg<\/em> Thursday. \u201cSome of the stuff we\u2019re doing is stuff that hasn\u2019t been done with respect to UFC in the past.<\/p>\n\u201cIt\u2019s fun to go to a Vegas sportsbook at 11 o\u2019clock at night and watch everybody go crazy over the University of Hawaii game, which no one would care about but for the fact that it\u2019s the only college football game left,\u201d he said. \u201cWe\u2019re for anything that increases fan engagement.\u201d<\/p>\n
Freddie Longe, executive vice president and managing director of IMG Arena, told Bloomberg that the UFC demographic — male, with an age range of 21 to 33 — is \u201cright in a sportsbook\u2019s sweet spot.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
While US sports leagues are furiously striking deals with data companies to disseminate official data to sports book operators, the Ultimate Fighting Championship has opted to do it all in-house. The company\u2019s first in-play betting product, UFC Event Centre (UFCEC), hopes to revolutionize the way fans bet on the MMA promoter\u2019s events. Created by UFC\u2019s […]<\/p>\n","protected":false},"author":36,"featured_media":116994,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,1074],"tags":[],"acf":[],"yoast_head":"\n
UFC Hopes to Revolutionize Fight Betting with New Global In-Play Product<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n