What is Micro Betting When It Comes to Sporting Events?

Written by:
Aaron Goldstein
Published on:

Micro betting is considered a recent innovation that is basically a win-lose proposition.  One can place bets on incremental in-game events.

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“With a micro bet, you can bet on every pitch and at-bat in baseball, every drive in an NFL game—every betting opportunity that happens while the game’s in play,” said Chris Bevilacqua, CEO of Simplebet, a pioneer in the space, in an interview with GGB News. “These bets occur while the game’s going on; they’re created and resulted immediately. In other words, within minutes or seconds sometimes, you know if you’ve won or lost.”

Along with near-instant gratification, Bevilacqua said, micro bets “allow for gamification of the game, and turn live sports into something more like a slot machine.”

Sports Betting Rolls Out in DC Bars

D.C. sports betting kiosks will start operating Friday at Ben's Next Door on U Street, Lou's City Bar on Irving Street NW, Dirty Water Sports Bar on H Street NE and Takoma Station Tavern on 4th Street NW. These will be the first in the nation's capital.

The machines will only accept cash and people 18 years or older can place bets on nearly any sporting event.

Similar to a lottery ticket, participants can cash in any winnings at any of the kiosk locations.

"On average, you’ll probably see about three or four kiosks in these locations. At larger locations they can do more, but it's really about integrating into their business. So, I want to make sure the community knows we’re not trying to set up betting parlors," said Nicole Jordan, with D.C. Lottery.

SBC Announces Book With Confidence Plan As In-Person Events Return

The return of in-person conferences and trade shows marks an important step back towards ‘business as usual’, but ever-changing travel restrictions mean people are understandably wary of buying tickets for events they may end up being unable to attend. To remove some of that uncertainty, SBC has introduced a Book With Confidence refund plan for its SBC Summit Barcelona event. 

SBC Summit Barcelona, at Fira de Barcelona Montjuic on 21-24 September 2021, will be the biggest international event for the sports betting and igaming industry for more than 18 months, and there is huge interest in attending among operators, affiliates, suppliers, regulators, and the media.

With CasinoBeats Summit in Malta earlier this month, SBC demonstrated that it can hold a successful event in COVID-safe conditions and enable the exchange of ideas, networking and business conversations that make conferences and exhibitions so valuable.  

While an event organiser can control conditions inside the conference rooms, on the exhibition floor and at networking venues, it cannot manage governments’ policies on travel restrictions - which is why SBC has introduced its Book With Confidence promise. 

It means that delegates can claim a full refund for their SBC Summit Barcelona pass if circumstances change and they are unable to attend. They simply have to request the refund at any time up to 14 days before the event. 

The promise is designed to ensure that anyone who finds that their country’s international travel or quarantine regulations change after booking their pass is not left out of pocket. Similarly, if the authorities in Spain impose restrictions that make it difficult for a delegate to attend, they will not lose out.

Alternatively, delegates who find they are unable to attend will be able to transfer their ticket to a colleague free of charge. This can be done at any time up to 24 hours before the event.

Dennis Algreen, Marketing Director for SBC, said: “We’re living in a time when travel plans can all too easily be derailed by changes to regulations and we wanted to ensure that our terms and conditions are suitable for the unique circumstances of 2021. And, more importantly, that we treated people fairly.

“SBC’s Book With Confidence initiative is designed to do that. It means that anyone who wishes to learn from the expertise of the speakers, make valuable new connections and meet prospective clients at SBC Summit Barcelona can book their pass safe in the knowledge that if circumstances change, they are entitled to a full refund.”

SBC Summit Barcelona, the global betting and igaming show, will bring together industry stakeholders from around the world for a high-level conference that examines the key issues influencing the future direction of the industry, an exhibition featuring the latest innovations for 100 leading suppliers, and a full programme of networking events. 

A handful of Super Early Bird tickets remain at just €295, a saving of €200 on the full price and the lowest price that event passes will be available for.

- Aaron Goldstein, Gambling911.com

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