How would you define the success of Stats Perform's Watch&Bet live streaming service?

Introduction

Defining the success of Stats Perform's Watch&Bet live streaming service requires a comprehensive approach that considers multiple stakeholders and metrics. To effectively address this product success metrics challenge, I'll follow a structured framework covering core metrics, supporting indicators, and risk factors while considering all key stakeholders.

Step 1

Product Context

Stats Perform's Watch&Bet is a live streaming service that allows sports bettors to watch live events while placing bets in real-time. This product sits at the intersection of sports entertainment and gambling, catering to passionate sports fans who enjoy the thrill of in-play betting.

Key stakeholders include:

1. Sports bettors (primary users)
2. Betting operators (B2B clients)
3. Sports leagues and rights holders
4. Stats Perform (the company)

User flow:

1. Users log into their betting account
2. They browse available live streams and betting markets
3. Users watch the stream and place bets simultaneously
4. They can adjust bets based on real-time action

Watch&Bet aligns with Stats Perform's strategy of providing data-driven solutions for the sports betting industry. It leverages their existing relationships with sports leagues and betting operators to create a unique, engaging product for end-users.

Compared to competitors like Sportradar's Live Channel Online, Watch&Bet differentiates itself through deeper integration with betting platforms and more comprehensive coverage of global sports events.

Product Lifecycle Stage: Growth - The product has proven its concept and is now focused on expanding its user base and feature set to capture more market share.