6 min read
To differentiate themselves in a crowded market, Picklebet was looking to create a better consumer experience in order to maximize retention and lifetime value (LTV).
Pairing Braze with their proprietary betting and promotional engine, they built a solution that enabled the team to personalize and test offers to individual users based on their preferences across a mix of IAM, SMS, email, and push. Their implementation even allows their marketing team to control (via Braze) which content certain customers see on their app front end—allowing VIP customers access to exclusive betting markets.
After overhauling its cross-channel messaging campaigns, the company has significantly increased engagement, leading to higher LTV and reduced CAC payback periods.
Increase in Sessions Per User
Increase in retention
Improvement in CAC payback
Picklebet is on a mission to welcome the next generation of sports fans into the riveting world of sports betting with its innovative app. Founded in 2019, the Australian company that has been celebrated for bringing a better entertainment experience to its customers across sports, esports, and racing.
In what’s rapidly become a crowded market, Picklebet has used customer engagement to stand out from the rest. While legacy sports betting brands push expensive promotions to all their customers in an attempt to win a share of the wallet, the company focuses on profitability with a digital approach that has enabled them to significantly increase customer lifetime value and engagement, all while dramatically reducing the payback periods of their customer acquisition cost.
As business needs evolved, there was a clear and present need to invest in a platform capable of supporting the real-time and cross-channel experiences customers have come to expect of sports betting applications. Given the structure of their team, they also set out to find a solution that was easy to use and implement and soon settled on Braze. It was also crucial that the solution plays well with the tools they already had in their vertical stack, like Segment and Mixpanel.
Furthermore, to meet the customer demand for personalization, they found Braze offered them the versatility they needed to create a highly engaging experience without sacrificing speed or execution time. While legacy sports betting brands are often saddled by tech debt and outdated marketing clouds, Picklebet could create more relevant experiences with Braze since it is built on first-party streaming data that processes information and audience segments in real-time. With its ability to support in-the-moment engagement, Braze allowed Picklebet to orchestrate complex cross-channel journeys using Canvas Flow. Their innovative team of three marketers now uses the Canvas Flow all-in-one interface and drag-and-drop feature to intuitively build, customize, and send messages without writing a single line of code.
The first few days after a new customer joins Picklebet are make-or-break for the platform. This is the brand's chance to retain customers and cement the value of their platform. They built a proprietary betting and promotional engine that could sync with Braze to meet their customers at key moments throughout their gaming journey. The first step toward building that experience was to focus on the activation stage.
*All offers were displayed to eligible, existing customers only in accordance with local laws & regulations.
Three marketers run Picklebet’s customer team. To build these new campaigns, they partnered with their engineering team to support implementation. First, they identified how success would be measured and chose metrics to help them understand the short-term and long-term returns on their investment. The first metric was daily sessions per user: This would ensure users were getting the most value out of the app in their first few days of onboarding. The second was two-month retention rates: This would enable the platform to ensure users continued using the app after the initial onboarding period of a few days or weeks.
To get the right channel mix early on, the team quickly mapped the customer journey and linked each channel to the appropriate business goals. They used SMS and push notifications for time-sensitive campaigns to drive users to the app. For less-time-sensitive campaigns or more general communications that were better suited to long-form delivery, email and targeted Pay-Per-Click (PPC) were a perfect fit.
Last but not least, they knew they would rely on serving up a series of compelling in-app messages to keep sports betting fans engaged while in the app. Combined, they had the ingredients for a cohesive experience that would resonate with their users.
A fine-tuned growth strategy is critical to any brand’s success when paired with a pathway to profitability. Instead of employing overpriced promotional offers to clients to capture their loyalty, Picklebet took a more sustainable approach– keeping users authentically engaged to retain them.
1.Having established their ideal onboarding flow, the team focused on a broader company-wide goal of profitable, efficient growth. It’s hard to sustain rapid growth long-term; they needed to devise a way to drive genuinely higher engagement rather than provide expensive promotional offers that would quickly devour their budget.
2. Rather than “buy” customer loyalty, they created a pipeline in the user experience. To do this, the team set out to understand what drove profitable engagement and retention and focused on this.
3. Picklebet’s customer team first created a range of promotional offers to test which types generated the highest engagement within their app. Next, they composed a series of automated campaigns with Braze Canvas Flow. Within the customer journey orchestration tool’s streamlined interface, they could easily segment customers for more advanced experimentation and access analytics in real-time to inform and adapt future optimizations.
4. Ultimately, they found the most expensive offer, despite generating the most robust response, did not yield the best ROI for the business.
5. Additionally, Picklebet’s team tested multiple channel mixes to determine which allocation was most effective in driving engagement. They leveraged and tweaked various combinations of in-app messages, push notifications, SMS, email, and paid ads until they found the correct “goldilocks ratio” that met their goals.
Braze was a good fit for our business, particularly as it supported real-time in-app engagement and complex multichannel journeys and is easy to use and implement. It also fits neatly alongside our incumbent platforms, Segment and Mixpanel.
By the end of their initial experimentation, Picklebet saw clear signs that veering away from legacy sports betting customer engagement strategies was the right move forward. Instead of expensive promotions, they focused on customer engagement strategies that could help them minimize the cost of customer acquisition and shorten the time to pay back. By prioritizing longer-range company goals like a higher lifetime, they were able to drive more efficient and profitable activities around activation and customer retention. Ultimately, their Customer team used a mix of in-app messages, push, SMS, email, and paid ads to achieve a 13% increase in 2-month retention and a 116% increase in sessions per user.
Picklebet is proving the future of sports betting is delivering personalized, cross-channel experiences that draw users directly into the heart of their favorite games and live events—keeping customers coming back for more without overextending their budgets.