Sports betting can be very exciting and one thing that makes it more exciting is live betting. Also known as in-play betting, live betting is made after the event or sports game has already started and is ongoing.
Live betting can be found in most sports and sporting events, making it a huge betting option around the globe. Any sports betting site worth its name like those at https://www.oddsnet.com/bettingsider will include live betting as an option as it attracts many punters.
What is live betting and how does it work?
Live betting happens when a game is already in play. The beauty of this type of betting is that you can watch your wagers in real time and make changes as the game unfolds. The odds, lines, and totals are always changing as the games progress, allowing you to take advantage of the fluctuating odds.
There are important statistics you need to pay attention to while a game continues like the current score and the remaining time. In-play betting is fast and you have to consider such statistics to make an insightful decision. However, you have to make a really quick decision to minimize your losses or maximize your chances to win.
Just like in pre-game betting, predictions can be wrong and you must research and time your predictions right to take advantage of some valuable odds before they’re updated to reflect what is happening.
Types of Live Bets
Once a game starts, some opportunities close and you won’t be able to access them again during the game. Each game has a different in-play bet you can make. One of the secrets of successful sports betting is to arm yourself with the right betting strategies and insights to help you make an informed decision.
Soccer
Live soccer betting
The moneyline is the most basic way to bet on any sport and it focuses on setting odds for each side based on the implied probability of winning. The best way to bet on soccer is to focus on the 3-way money line. The three-way moneyline allows you to bet on the match’s final result, including a win for either side or a draw after regulation time. This line features a 1X2 format in which you have a win for Team 1, a draw, and a win for Team 2.
Football
In the NFL, live betting offers you the potential to win big during the game. Popular in-game betting markets include the money line, over/under, point spread, player props, and others, such as the next team to score.
Basketball
Live betting in basketball is focused on point spreads. Basketball games can change a lot in very little time as the game is extremely fast-paced the game. It’s important to monitor league developments and player injuries and change your bet accordingly.
Baseball
Strikeout totals are one way betters can enjoy live betting but you can also bet on the
result of the next pitch or the live run line prop.
Hockey
Hockey betters bet on the puck-line which is similar to the run-line. Live props are also popular during hockey live betting.
Pros of Live Betting
There are many ways live betting is advantageous.
- It allows you to go with your intuition. Pre-game betting focuses on what’s not seen yet but live betting allows you to see things live and make adjustments as it goes.
- Anything can happen in a game. A losing team can suddenly pick up and change everything, becoming the winner.
- Thrill in betting. Betting while a game is being played has a thrilling factor as the game can go any way.
Cons of Live Betting
Live betting can be very addictive. Sports betting can be addictive enough on its own–and live betting can push it over the edge. This is where responsible gambling comes into play.
Calculating Live Betting Odds
Sportsbook oddsmakers do extensive research to come up with computer programs that are used during live betting. When a game starts, live lines are updated depending on the flow of the game. It’s important to remember that the computer program doesn’t account for certain factors like injuries the way you would and the odds will be calculated differently.
Sportsbooks can’t always closely monitor each game, especially when many games are happening at the same time in a tournament or event. This is why you need to be able to calculate the odds by looking at the current score and time remaining.
Final Thoughts
Live betting has changed how we look and engage in gambling. The number of sports one can bet on has increased and so have the betting odds. With the ability to place bets in-game, you can place your wagers on halftime scores, fines, or even fouls. As the odds keep on changing, during the live games, the stakes are even higher, giving you a chance to evolve as the game evolves. This can be very exciting but the losses can also be high. For this reason, it’s important to keep a level head when engaging in live betting.
