Spend 6 Minutes To Learn
|‣||What Is Live Sports Betting?|
|‣||How Sportsbooks Calculate Live Odds|
|‣||Live Betting Strategies|
In the past, if you forgot to place a bet or if you couldn’t confirm your bet in time, your only option was to sit, sulk, and wait for the next game.
Now, however, thanks to the simple, technological times that we live in, you can quickly jump in on the action with live betting.
Live betting, which also goes by the name “in-play betting,” is a thrilling option as it allows users to place bets on live and ongoing events.
Live betting has gained a lot of traction since the 2010s and it has become so popular that it’s almost impossible to find a sportsbook that doesn’t offer a form of live betting.
To give you a better understanding of live betting, we’re going to show you what your live betting options are, the pros and cons of live betting, and how you can use live betting to your advantage. So be sure to read on!
Simply put, with live betting, you can place a bet on a game once it starts. When a sports event begins, the sportsbook will list available markets that you can bet on, and most of these will be offered until the end of the game.
So unlike the standard form of betting where you have to bet on a game before it begins, in live betting, you wait for the event to start, and then you’ll be able to place a live wager, betting as the game occurs.
Live betting is great because it will give you a unique, exhilarating betting experience, especially if you have one eye on the game. In addition to this, live betting has a lot of betting flexibility, plus it gives bettors many money-making opportunities.
Most people place live bets using their mobile devices because of how easy mobile betting is; however, as long as your sportsbook has a desktop site, you can still use your computer or laptop to place live bets.
You can expect a wide range of live betting options, though this will largely depend on the sportsbook. However, most of the top sports and leagues will have in-play betting options since real-time statistics for the top leagues are easily accessible.
To check your live-betting options, simply go to your sportsbook and click on the tab titled “live”. A full list of all the live events will appear, and you’ll also be able to view some of the upcoming games.
When you click on a game, all the betting markets available for that game will appear, as well as real-time statistics and a game tracker. In some scenarios, you might even get live streams, but that will also depend on your sportsbook.
Most of the top sportsbooks always have in-play markets for the following sports:
Depending on your location, you may not be able to place bets on live college games involving teams from your state or on college games that are taking place within your state.
When searching for a site specifically for live betting, most of the basic necessities of a sportsbook should still be prioritized.
However, there are some other things that you should consider when choosing a betting site you will use to place your bet.
So before you settle for a sportsbook, always consider some of the following factors:
We have reviewed several sportsbooks, so you can start by checking out some of those reviews if you’re looking for a great sportsbook for live betting purposes.
Live odds always change and will reflect a game’s momentum. For example, if team A is constantly on the attack, they’ll most likely be the favorites to get the next goal, and the odds will be reflective of that.
If you’re wondering how live sports betting odds are calculated, sportsbooks use either odds compilers or computer algorithms.
Odds compilers are people who help sportsbooks to set odds. During live betting, they alter the odds by looking at the current score and real-time statistics.
Sportsbooks that use computer algorithms lessen the burden for themselves. The software takes into account several factors and then uses those key factors to calculate live odds.
You can still expect your normal dose of point spreads, moneyline bets, and even totals during live betting, though you shouldn’t expect the same odds and lines as the pre-game market.
In many sports, there are also other alternatives that you can still bet on. These are mainly prop-like bets that focus on certain achievements during the game. Common examples of these types of bets are:
Obviously, we all want to profit from our live bets. Since the opportunities are endless, you can end up getting confused. Fortunately, we’re here to help with a few proven strategies.
So the next time that you want to place a live bet, you can consider one of these strategies:
Some of the pros of live betting include the following:
On the other hand, live betting still has a few negatives. Some of its drawbacks include the following:
Live betting is great because of the freedom that it offers. Though live betting may have a few drawbacks, it’s still a fun and unique way of placing bets.
So in case you’re tired of pre-game bets, you now have the option of going for live bets which offer you more flexibility.
Thirsty For More Betting Knowledge? Check Our Sports Betting Guides Hub.