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How to Increase Your Odds of a Successful Online Gambling Strategy

How to Increase Your Odds of a Successful Online Gambling Strategy

By   September 15th, 2016

Online gambling is one of the most profitable digital industries, and it’s constantly expanding. Yet, it’s also one of the most challenging markets for digital advertisers. As technologies improve and strategies develop, the competition grows fiercer each day.

At the same time, the rise of social media forms a perfect marriage between a gaming industry that’s exploded and an advertising channel perfectly suited to what online gambling providers want to achieve—an even larger market and more players.

Advertising strategy for online gambling depends on many factors, differs according to specific brand requirements and goals, and requires a lot of testing to determine what works best. The key to success is to have a clear strategy and apply a few general best practices.

In this article, we look at an example of a robust gambling strategy, discuss challenges, and offer recommendations for campaign optimization.

A Four-Pronged Strategy for Online Gambling Providers

You should include four essential phases in your strategy:

  • Branding
  • Acquisition
  • Retargeting
  • Retention

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To make sure you’re staying ahead of the competition, it’s important your strategy covers all phases of the typical online gambler journey, from the branding to retention, and that you use ads and targeting tactics that are the most useful in each phase. Any tweaks to the strategy will depend on your budget and resources, but having a clear structure makes planning easier and your ad campaigns more successful.

Further, there are a few things to note in order to maximize the effectiveness of your campaigns:

  • Facebook provides plenty of options for each step of the user journey. Determine what would be suitable for your core strategy, and consider others as appropriate. Make sure each option has a clear rationale.
  • Prepare the creative assets in advance for each ad type you’re launching and align it to the right steps in the user journey.
  • Define your preparation plan in great detail and always have a plan B. Build your targeting audiences and have a few additional ones built in case the core ones aren’t performing. Your preparation plan should include testing, and that plan should easily and efficiently allow you to determine the best performing demographics, ad types, placements, etc.

What are the Benefits of This Strategy?

Here are several great advantages from using this strategy, plus a few more tips for how to get the most out of it.

Branding

  • Facebook video ads: Facebook video ads are approximately 7x cheaper compared to YouTube, and open up an opportunity to reengage users who viewed your video.
  • Reach and frequency: Reach a significant number of people and control message frequency through reach and frequency campaigns, ideal for brand awareness.

Acquisition

  • Ad types and segmentation: Test different ad types to make sure you’re covering all available opportunities, and segment your audience to make sure you’re targeting high-value users. Audience segmentation and exclusion can significantly improve delivery and performance.
  • Instagram ads: Because of the image-driven nature of Instagram and the fact that users are more likely to connect with interactive content, these ads maximize the value of your creative and increase user engagement. This is a great option to leverage your content and increase the number of conversions.
  • Video reengagement: Use this to reengage with users who are familiar with and have shown interest in your brand. This is a good option for increasing the number of conversions and driving more high-value players.

Retargeting

  • Custom audiences: Make use of all ad types and optimize accordingly. Target audiences using Website Custom Audiences. Also create custom audiences of people who’ve registered but haven’t made a purchase, and target with an alternative offer.
  • Search intent retargeting: This allows you to improve audience targeting and lower the CPA on your retargeting campaigns. Cross-channel retargeting ensures you’re reaching all of the most relevant, high-value users.
  • Dynamic Ads (DAs): Use Facebook DAs on different games to automate retargeting, and to show the most relevant game to your engaged users, driving them to convert.

Retention

  • Segmentation: Segment your custom audience and make use of ad types and messaging accordingly. Apply a “softer” method of engagement with these users by leveraging blog content, different offers, upgrades, and photo albums from user events. Also use Facebook’s immersive Canvas ads to get users more involved in the life of your brand.

Challenges

Once your strategy’s clear and your campaigns are live, you’ll likely run into a few challenges. Here are a few common ones and how to handle them.

  • Your ad images, text, and targeting affects CTR—the lower the CTR, the higher the CPC: Stop any ads that aren’t meeting targets and have very low CTR.
  • Targeting or product affect CVR—the lower the CVR, the higher the CPA: Review your targeting strategy, your website, and your user funnel.
  • Campaigns have poor delivery: Check audience overlap and make sure to use exclusions. Also make sure you’ve allocated sufficient budget.

For a real-life example of how an online gambling site hit the jackpot with their CTR and saved big on CPAs, read our Leo Vegas case study.