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Explore how At The Races utilizes data for commercial and betting revenues both domestically and internationally, with insights into data importance, strategies, and challenges in the horseracing industry.
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AT THE RACES & DATA IFHA, Paris, October 6th 2008
At The Races • The UK and Ireland’s most watched, dedicated horseracing channel • Majority owned by racecourses and racecourse groups • Worldwide media rights to 30 UK tracks and all 27 Irish racecourses • 1,200 fixtures / year • 60% of UK fixtures and 100% of Irish fixtures • attheraces.com is the UK & Ireland’s biggest racing website
Contents • What’s different about ATR and the UK/Ireland market? • How we use data in our domestic business • The importance of data to our international business • What value for data rights owners in UK/Ireland? • “Pictures are pretty important too”
Tote = less than 4% of total racing turnover in UK Source: UK Tote, 2007
Tote = 22% of total betting on Irish racing in Ireland Source: HRI, 2007
What’s different about ATR and UK/Ireland? • More complex process for creating price data • We are a rights holder not a betting operator • A competitive market place of several betting operators provides commercial opportunities
Data in our domestic business • Data is integral to our content on air and online • Daily preview programming relies on market information and live data • Branded price graphics on screen inform viewers and offer commercial value • Dynamic ‘L Bar’ graphic helps retain viewers through the ad break
DTH Commercial Impacts Growth Data is used to help retain viewers through advertising breaks
Data in our domestic business • Increasing online revenues coming from data related services • ‘Racecards’ and ‘Form’ account for more than 50% of attheraces.com traffic • ‘Best Odds’ price comparison service uses dynamic, live data to deliver affiliate betting revenues • ‘Bet & Watch’ product serves live racing on a per stream model via betting partner websites
Data in our domestic business Live price data has helped grow betting affiliate revenues, +95% y/y
Data in our domestic business ‘Bet & Watch’ streams have doubled Jan-Jul 2008
Data in our international business • Data is clearly crucial in a traditional bet turnover model • At The Races distributes UK & Irish racing into over 20 countries via its dedicated ATR International service or via SIS into fixed odds territories • Problems of compatibility of data formats
Data in our international business 4. HENRYTHENAVIGATORpur-sang, 3 ans Performances 5 1 1 1 1 3 2 1 4. HENRYTHENAVIGATORthoroughbred, 3 yrs Performances 1 2 3 1 1 1 1 5
Data in our international business • Ensure supply of formatted racecards to international territories • Use data to syndicate content and provide locally tailored microsites • Localised websites: attheraces.it, attheraces.sa, attheraces.au • Provide bespoke form guides based on international bet type preferences
Value for rights holders? • 10th November 2004 - The European Court of Justice ruled that William Hill's use of horseracing data did not infringe the British Horseracing Board's database rights. • The volume of data extracted by William Hill represented “only a very small proportion of the whole of that database”. • The resources used by the BHB represented “investment in the creation of the materials contained in its database”, which is “not relevant in terms of the Directive's protection”.
Summary • Data is critical both domestically and internationally • At home it drives both commercial and betting related revenues, on air and online • Internationally it is essential within a traditional betting turnover related model and an important marketing tool • Compatibility of race data is an issue we are dealing with • Currently the use of data in UK does not infringe database rights