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PayPerHead Agents Expect 2021 Triple Crown Revenue Bounce Back

San Jose, Costa Rica, 2021-Apr-28 — /EPR INTERNET NEWS/ — Because of the pandemic, the handle on the 2020 Kentucky Derby dropped significantly from the previous year. Handle on America’s signature horse race fell 49.8% from 2019. Churchill Downs didn’t run the race until September 5, four months after Derby’s traditional race day on the first Saturday in May.

PayPerHead agents are hopeful the 2021 Triple Crown results in a racebook revenue bounce back. The 2019 Kentucky Derby set a record handle of $165.5 million. 2019’s handle was 10% higher than 2018’s $149.9 million, which had been the previous record.

This year’s race lost star power after winter book favorite Life Is Good became injured. But Essential Quality is undefeated, owned by Godolphin, and trained by Brad Cox, who has ranked in the top ten in wins and earnings in the past four years.

The 2020 Breeders’ Cup Juvenile winner won’t be the only undefeated horse in the race. Rock Your World, who won the Grade 1 Santa Anita Derby, has victories over grass and dirt. Known Agenda, the Florida Derby winner, and Hot Rod Charlie, who won the Louisiana Derby, will also enter.

Although three races comprise the Triple Crown, for agents, the Kentucky Derby is the most important. Per Nate Johnson, PayPerHead’s product development manager, the Derby attracts more betting action than any other thoroughbred event.

“The Kentucky Derby may be the most popular horse race in the world. In 2019, Japan saw $4.1 million wagered on the Derby. It’s also the one race that should produce action for almost all of our agents,” Johnson said.

PayPerHead agents see most revenue from the sportsbook, live in-game betting platform, and products like the digital casino and live dealer. Johnson said few agents rely on horse racing revenue but that all see horse racing action on the Kentucky Derby and Preakness Stakes.

When asked about betting action on the Belmont, Johnson said it was hit or miss. “Everyone wants to see if the Derby winner can take the Preakness. If there’s a Triple Crown at stake, the same horse won both the Kentucky Derby and Preakness, the Belmont could attract more action for our agents than the Derby.”

Johnson added, “Our agents count on the Kentucky Derby for racebook revenue followed by the Preakness. If different horses win the Derby and Preakness, the Belmont becomes just another horse race.”

Via EPR Network
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U.S. Presidential Election Wagering Heats Up

San Jose, Costa Rica, 2020-Oct-08 — /EPR INTERNET NEWS/ — The 2020 U.S. Presidential Election on Nov. 3 has already proven one of the most contentious in American politics’ history. From now until the first Tuesday in November, neither candidate, incumbent Donald Trump nor challenger Joe Biden, figures to become less combative. And local bookies have already taken a significant amount of bets from players; meaning this could be the most profitable election for independent bookmakers in US history according to Payperhead.com.

The Democrats’ dislike of Trump and Republicans’ fear for a Biden Presidency has already led to one of the most wagered upon Presidential Elections ever. On Sep. 1, a leading sportsbook accepted a massive over $67,000 wager on Donald Trump.

Although Biden remains the favorite, wagers like that have driven Trump’s odds down on sportsbook software platforms like PayPerHead. Since the large wager, Trump and Biden have had their first debate, Vice Presidential candidate Kamala Harris and Mike Pence have also debated, and President Trump has tested positive for the coronavirus.

A Supreme Court Justice Senate Confirmation Hearing and two more Presidential Debates could determine where wagering action lands before Election Day. The second debate between Trump and Biden is on Oct. 15, while the third organized verbal showdown takes place on Oct. 22.

In 2016, PayPerHead saw an uptick in U.S. Presidential Election betting about two weeks before American citizens headed to the polls. The wagering trends appear to be on a similar path with the bulk of election bets most likely happening in the fifteen or so days before the election, just like what happened four years ago.

In the last Presidential Election, Hillary Clinton held a percentage lead in the national polls with about two weeks to go. Clinton remained the favorite, but Trump gained more wagers the closer the U.S. got to choosing their next president. Overall wagering, bets on Clinton and Trump, also significantly increased in the final stretch before the election.

PayPerHead Product Manager Nate Johnson expects action in the final fifteen days before Nov. 3 to resemble what happened in 2016 with one caveat, PayPerHead doesn’t know where the action will land. Johnson said, “We saw action on Trump. This year could be different with players backing Biden. Not that our agents care…but they love all the action.”

“Bookie agents on the PayPerHead platform don’t care so much about where the action goes because they’ve got tools to manage action no matter which candidate their players prefer,” Johnson said. He added, “We expect a flood of wagers on our platform after the second debate. If Trump performs well, everyone will know he’s over the coronavirus. Hopefully, they both perform well, and our agents see action on both candidates.”

Via EPR Network
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