In this post, we are going to explain the basics of live betting. The world has evolved so much that today you can place wagers online while a game is being played. It is very simple and straightforward, and any bettor can take advantage of it. It can also be referred to as in play betting or in running betting. It offers a few betting opportunities and takes gambling to a whole new level. It does make things more interesting for punters. Below, you can read more about live betting lines and the benefits that come with them. Proceed to read the sections to update your general knowledge about sports betting. Let’s get it started.
How Live Betting Works
As we mentioned above, the basics of in-play betting are easy to make out. In fact, if you already know a thing or two about sports betting, then you know how in play betting works. You make a bet, you stake some money, and you wait until the event is finished to see the results. The difference is that with live betting you are allowed to make wagers after the game has begun. And this makes a world of difference in how the odds are operated. You know, as far as standard betting is concerned, the bookmaker will set the odds before the game, and they may need to make a slight change in the odds after a while, but usually, the difference is not significant.
However, when it comes to live betting odds and lines, they have to be changed on a consistent basis as the game progresses. See, during an event, a lot of things can happen that can affect the outcome, and bookmakers have to act fast. For example, if during a football match one of the teams scores two goals at the very beginning of the game, this will inevitably lead to a change in the odds.
Totals line is another thing that may be changed while the event is taking place. The point spread may be affected as well. The type of bets available for a particular sports event might be changed by the bookmaker too. For instance, if a tennis match scores a tiebreak, then the sportsbook may decide to add new markets related to said tiebreak.
The best part about in play betting is that you have more bet options to choose from. The biggest concern is that the in-play betting lines and odds change constantly, so you need to be very fast placing your wagers.
Bets Available in Live Betting
There are a multitude of bets you can use in live betting. Some of them are not even possible before an event begins. This opens up many opportunities that you simply have to take advantage of. This is one of the reasons why live betting is so attractive. It offers things you cannot get anywhere else. For example, you may be given the opportunity to predict who is going to score the next goal in a football match or you can guess who will score the next points in an American football game.
Here is an example of what wagers could be available for a tennis match:
- Set 1 Result
- Set 2 Correct Score
- Set 2 Winner
- Set 2 to Go to Tiebreak
- Set 3 Result
- Set 3:
- Race to 2 Games
- Race to 3 Games
- Race to 4 Games
- Correct Score
- Score After 2 Games
- Score After 5 Games
- Total Games Odd/Even
This is just some of the available options for a single game. Like we said, the options are plentiful. We cannot list all of them. Besides, you can find different wagers for the same game at different bookmakers. Which means an abundance of in-play bets. And if this is just a fraction of the wagers for a tennis game, imagine how many bets there can be for other sports.
Advantages of Live Betting
From what you have read above about the basics of live betting, you probably assume that the advantages of live betting are plentiful. Right you are. First and foremost, it is the availability of additional bets that you cannot take advantage of when it comes to standard betting. And this is amazing because you may not be able to predict the outcome of an event, but you can try to guess who will win the second set in a tennis match or who will score a goal next in a football match. There is a plethora of markets to choose from.
Another great thing about in-play betting is that you can make more accurate predictions once the game has started rather than a few days before it has even begun. Your decisions will be much more informed because watching the game and seeing how each player is doing, you can see which team is in its best shape.
Let’s say you decide to back your favourite team in an upcoming game, but once the event starts, one of the most crucial players on the team gets injured and has to leave. This will surely lower their chances of winning and jeopardise your stake. However, if you decided to bet in-play instead, you would be able to make more precise judgments based on what had already happened during the game. On that note, this form of betting can help you manage your risk more effectively. If a game is not turning out exactly how you expected, you can cut losses by taking a different approach in real time. There are many techniques you can use.
If you are experienced enough, you will know how to turn things in your favour. Just keep in mind that betting odds are different than the regular ones. They change pretty quickly, this is why you need to act fast, or you might miss your opportunity.
There is one more benefit of in-play betting. It brings a thrill. It is much more exciting than placing a standard wager. This also makes watching a game more fun.
All in all, live betting is a fascinating way of making a profit. If you play your cards well, you will not only have some fun but also increase your bankroll. So, go for it.
Sneek a peak at the rest of the types
Types of Betting
- Arbitrage Betting Explained
- How Hedging Bets Work
- Kelly Criterion Betting Strategy
- Moneyline Betting in Sports
- Parlay Betting Explained
- All about Point Spread Betting
- Meaning of Over Under Betting
- Understanding Outright Bets
- What Prop Bets are About
- Explaining a Bet Accumulator
- Making Betting Permutations
- What is Exchange Betting
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