Yesterday, Ronnie took part in a panel about the relationship between betting and sport as reported here :
Snooker Betting Forum launches in London
Fifty betting executives came to Sports Bar and Grill in Marylebone, London, for SBC’s inaugural Snooker Betting Forum.
A panel talked about the relationship between snooker and betting with five-times world champion Ronnie O’Sullivan, pictured left.
Hilly Ehrlich, CEO of BetCris, said: “We were looking for a passionate and well-known ambassador and Ronnie fitted the bill perfectly”. O’Sullivan said: “Snooker is interesting to punters around the world. A lot of people love the game and want to bet on something they love whether they play or not”.
Keith O’Loughlin, executive vice president of Sports at NYX/Openbet, added: “The timing of snooker is critical and yields a great content window. Combined with the amount of streaming and 50 markets betting on every single outcome makes snooker very appealing to consumers.”
The panel talked about match fixing. O’Sullivan noted that its hard to make a living in the lower echelons of snooker so “players are in a tricky situation to make a living,” but said “the UK has done a great job of cleaning things up”.
A good-humoured session ended with O’Loughlin joking: “Ronnie is the only player that breaks our trading algorithms.”
Rasmus Sojmark, founder of SBC, commented: “These events are part of our strategy to engage the sports betting community with all sports. Next week sees our Betting on Sports at Olympia in London. We have 1,200-plus senior execs and almost 200 speakers across 44 sessions.”
This once again shows how big the difference is between the perception on betting in the UK, and Asia, and what it is in most countries in Western mainland Europe.
I perfectly understand how important betting is for snooker nowadays in terms of sponsoring, but I’m still convinced that this strong tie is not helping its development in mainland Europe where betting is strongly regulated and doesn’t have a very positive image. And I’m also not convinced that the quasi monopoly of betting companies as sponsoring partners is safe. Remember tobacco?
Anyway… apparently there was some time too for a bite and a game… of pool.
And on that note … Worldsnooker has just announced that the German Masters 2018 has a sponsor, D88, an Asian company with business in betting and online gaming.
2 thoughts on “About betting …”
That is very interesting and makes me wonder how it happebed that betting/gaming became if not the only, but the major sponsor for snooker?
Not sure, but apparently other businesses are rarely interested and, of course, Barry Hearn does everything in order to please them as well. The more unpredictable an event, the better for the betting business, and have a look at some of the changes we’ve had: flat draw, shorter formats and, cherry on the cake, the shootout becoming a ranking event.
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