SPORTS EVENTS ARE MISSING FOR SPORTS BETTING
(International) .- The terrifying advance of the coronavirus in recent weeks continues to impact a large part of the planet’s population, so much so that the World Health Organization (WHO) declared a pandemic state last Wednesday (11). As one of the top recommendations is to avoid crowds of people, the spread of the virus has had a direct impact on the sports world, and most major leagues postpone or cancel their events in the coming months.
In addition to the closure of casinos worldwide, the cancellation of major sporting events will compromise the sports betting market and the actions of operators in this modality. The postponement of major sporting events falls like a bomb on the betting market.
“The actions of the major sports betting companies fell more than 15% in one day … and should get much worse!”, Commented CEO and cofounder of Pay4Fun Payment Services, Leonardo Baptista.
CBF announced that all the competitions organized by the entity are suspended indefinitely as of this Monday (16). Currently, Copa do Brasil, Brazilian Women’s Championships A1 and A2, Brazilian Championship U-17 and Brazilian Cup U-20 are underway.
As these are competitions organized by state federations, they will have the autonomy to decide on a possible strike.
Until Monday afternoon, state federations from different regions of the country announced measures to prevent the proliferation of COVID-19.
This is the situation of the main sporting events:
UEFA decides to postpone Euro 2021
UEFA has decided to postpone this year’s Euro Cup due to the coronavirus pandemic, which has paralyzed competitions around the world. The competition was rescheduled for the period from June 11 to July 11, 2021.
Copa América is also canceled
Soon after, Conmebol decided to also postpone the 2020 Copa América to 2021. The South American entity will use the same period in the calendar that was chosen by UEFA for the Euro Cup: from June 11 to July 11. The tournament continues in Argentina and Colombia.
Liberators and South American Cup
Even with the lowest incidence of the virus in South America, Conmebol spoke last Thursday indefinitely suspending the Copa Libertadores, the Copa Sudamericana and the playoffs. The Copa América is also at risk and the event may be canceled.
The postponement also has a direct impact on the betting world, as the third round of Libertadores brought several interesting duels, such as the champion Flamengo against Independiente del Valle or River Plate against São Paulo.
Champions League and Europa League
Obviously, the main competition for clubs in the world would also be affected. The first four games of the knockout rounds took place last week, two of them with closed doors, but soon UEFA announced the indefinite postponement.
In the Europa League, too, everything was canceled, including two matches that didn’t even have first-round matches, as they involved Italian teams: Rome v Seville and Inter Milan v Getafe. Even the plane carrying the Giallorossi to Spain did not have an authorized landing.
Premier League, La Liga, Serie A, Bundesliga and Ligue 1
All the major European leagues have been stopped indefinitely. Italy, the world’s worst affected country far from Asia, remains in full quarantine and no return is forecast, including the possibility of local championships being canceled.
The Premier League is also in a curious situation: Liverpool are 25 points ahead of Manchester City with nine games remaining until the end of the competition and they would be champions in one or two rounds. The discussion is whether or not to end the season as it is.
NBA and major American leagues
The main active American league at the moment, the NBA even considered playing closed-door games early last week, but activities definitely stopped last Wednesday (11) after Utah Jazz player Rudy Gobert tested positive. minutes before entering the court. With roughly 20 games at the end of the regular season, the league may return as early as the playoffs, or in a best of five games postseason.
In the NHL, another active league, everything was also paralyzed. The regular season was in the final stretch: the playoffs would begin on April 6. The MLB season is also expected to have a delayed start. The NFL, with the season starting in September, has yet to comment on deferrals or cancellations.
The 2020 season would start on Sunday (15) in Australia, but even late, the FIA announced the postponement of the event, when a McLaren official tested positive for Covid-19 last Friday. The next stages, Bahrain and Vietnam, have also been postponed and the Chinese Grand Prix has already been canceled.
After canceling the Indian Wells Masters 1000, ATP announced that the circuit will stop, initially, for six weeks. The other canceled tournaments were the ATP 250 in Houston, the ATP 250 in Marrakech, the Masters 1000 in Monte Carlo, the ATP 500 in Barcelona and the ATP 250 in Budapest.
The real losers here are the fighters, who are paid, in practically all cases, only when they compete. Bellator canceled her event last Friday. UFC Brasilia passed, but with the doors closed. Dana White said she will not stop the events.
Other modalities as an alternative
Leonardo Baptista stresses those sports betting needs events and that this moment of quarentena outras modalities can be an alternative boa for betting sites.
“Sports betting needs events to move markets, but electronic games do not. Right now, bingo, casino, slot machines, and online poker are “immune.” Despite the trend being that stocks are falling due to the general market reaction, perhaps there will even be a ‘gambler migration’ (after all, there are those who want to play anyway), for other verticals. Some even discover that I ‘like’ fronts other than the sports merchant. An advantage that I think few thought before the pandemic. Misfortune for some, opportunity for others? Now is the time for bookmakers to focus on promotions and bonuses for other verticals, “ Baptista suggested.