DraftKings to Offer Micro-Betting on Nearly Every College Football Game This Season – Casino.Org News

Posted on: August 25, 2022, 12:06h.

Last updated on: August 25, 2022, 12:06h.

DraftKings bettors will not have a shortage of wagering opportunities during the upcoming college football season, which kicks off this weekend.

The sportsbook and iGaming leader announced today that the platform will offer micro-betting on almost every college football game this season. Powered by Simplebet, DraftKings will allow bettors to bet on the outcome of each down and drive. The sportsbook expects to take action on over 100,000 plays during the 2022-23 regular NCAA football season.

DraftKings micro-betting lines will be available wherever the sportsbook operates online. DraftKings mobile operations are currently limited to Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.

DraftKings partnered with Simplebet a year ago this month for micro-betting. Simplebet is a business-to-business tech firm that utilizes computer learning to allow every moment of every sports betting event to become a betting opportunity.

Simplebets turnkey sportsbook add-on product seamlessly allows an online operator like DraftKings to incorporate micro-betting lines. Unlike traditional sports betting where bettors wager on the outcome of a game either straight up or with a points spread, micro-betting breaks things down to provide in-game betting throughout the competition.

Before micro-betting, in-game betting was limited to scenarios such as which college football team would score more points in a specific quarter and if a certain player would rush for a certain number of yards. Micro-betting takes things further to allow betting on the result of the offensives next play, or in baseball, whether the next pitch will be a ball or strike.

DraftKings will offer users three in-game betting opportunities for most college games this season.

DraftKings micro-betting lines will additionally enable users to bet if a team will reach a specific yard line such as the 50 or red zone.

Sportsbooks and leagues see in-game betting as a way to increase fan engagement. Micro-betting comes with regulatory difficulties, but Simplebet claims its product is able to quickly produce in-game lines, take bets, and close the market all in a matter of seconds. While occasional glitches should be expected, state regulators will keep close tabs on DraftKings debut of micro-betting this college football season.

Assuming the platforms launch goes relatively smoothly, gaming analysts at JPMorgan believe micro-betting will quickly bypass traditional betting in terms of handle and sportsbook income. The financial services firm expects Americans to wager more than $9 billion legally on sports annually by 2025, with nearly $7 billion coming from in-game and micro-betting lines.

Problem gambling specialists say micro-betting poses substantial risks.

Micro-betting shortens the lag between bet and reward, increasing the speed and frequency of gambling, which increases the risk of problematic behavior and negative consequences, said Keith Whyte, executive director of the National Council on Problem Gambling.

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DraftKings to Offer Micro-Betting on Nearly Every College Football Game This Season - Casino.Org News