By The Numbers: Huddle’s March Madness Performance
BlogBy The Numbers: Huddle’s March Madness Performance
March Madness just finished on Monday and the University of Connecticut team won the championship by beating Purdue. They were really strong throughout the tournament, just like last year. This makes them the first team to win two titles in a row since the University of Florida Gators did it in 2007-2008.
Huddle is back again with our performance statistics on Uptime and Market Making (Pricing) performance during the March Madness Final Four and Finale games. In collegiate sports, Huddle stands out for its fast reactivation rates, surpassing the market average. The achievement of Huddle's NCAAB product emphasizes the value of our trading team, effective models and precise data.
Lets dive into the numbers
Suspension Reactivation Performance: Huddle vs Market
Our data shows that Huddle achieved impressive 96% reactivation rate within just 15 seconds, which was superior than the market average of 73%. Even over longer periods, we're still surpassing the competition with even higher reactivation rates.
Huddle's robust infrastructure ensures seamless betting experiences for users, allowing them to place bets, access real-time odds, and engage in live betting without disruptions. This reliability enhances customer satisfaction and trust, ultimately translating into higher turnover for sportsbook operators. In essence, Huddle's NCAAB product not only delivers superior performance but also sets a new standard for excellence in collegiate sports betting and major US sports.
Market Making Performance: Huddle vs Market
Our data showed that during the Final match between UConn and Purdue, pricing differences occurred in instances when Huddle's pricing differed from the market by over 3% and by over 4%. In both of those instances, the market adjusted to Huddle pricing.
Huddle's pricing differed from the market by over 3% in several instances, and in 58% of these cases, the market adjusted to align with Huddle's price.
Huddle's pricing also differed from the market by over 4% in several instances, and in 60% of these cases, the market adjusted to align with Huddle's price.
March Madness 2024 At a Glance
During the entire March Madness season, Huddle's pricing differed from the market by over 3% in several instances, and, on average, in 57% of these cases, the market adjusted to align with Huddle's price. This outcome highlights Huddle's market-making ability and underlines its leading position in pricing.
During all these games, Huddle achieved an outstanding 93% suspension reactivation rate within just 15 seconds, which is significantly higher than the market average of 58%. Moreover, over longer periods, we consistently outperform our competitors with even higher reactivation rates.