Live betting has become the most popular way of betting. Bettors can choose from a range of sporting events, that are available to watch live on screen while betting.
The betting markets on live events offered by betting sites are plentiful, like team to win, team to score first, over 2.5 goals, turn of the result, draw no bet, number of corners/yellow cards/red cards and many more, while the odds keep changing as the sporting event progresses, making it the most entertaining feature of the sportsbook for many bettors!
How does live betting work?
Live betting is defined as the bet that the bettor places during the duration of an event, i.e. at any point in time from the commencement to the end of the event.
Live markets exist in almost all sports and are offered on a distinct platform from the betting site operators. The variety of the betting options available depends primarily on how commercial an event is and secondarily on the importance given by the betting company on the quantitative satisfaction of its customers.
Differences between pregame and live betting
Live betting is one of the most important sections in every betting company site. Watching the game or/and checking stats and information about these is a key factor.
Live betting, also known as “in-play betting,” refers to gambling that occurs after a game has started. It allows players to place bets throughout the game rather than only before its start, causing the odds to change in response to what’s happening during the game.
Find below the main differences between Pregame and Live Betting
- The time! The main difference is the time factor. Before the start of an event, the bettor can study and evaluate his betting choices, unlike in live betting where he must act in the shortest possible time.
- The sportsbook Ηouse Edge! In many betting sites, the rake on the markets that have not started yet is lower compared to that in in-play betting.
- Information vs. Live Action! Before kick-off, the bettor relies on the available information at hand. After the beginning of the event, watching the live game is the decisive factor in the selection of the bet.
Most of the sports markets also have in-play betting markets, on a distinct platform from betting. The amount of in-play betting available options depends on how commercial an event is and, on the bookmaker, available options in total.
Betting platform speed
Live betting is an area that a bettor must study before placing a bet. The speed of the platform, watching the matches through live streaming broadcasts but also services such as cash-out, play their own decisive role in the final selection.
It is equally important for each bettor to check the responsiveness of the website in mobile devices or in the dedicated applications offered by the betting site operators. Let us not forget that live betting can be played anywhere, even in the stadium where you watch the match! So easy access is something you cannot leave to chance.
Live betting markets
The betting markets offered by the betting sites are quite plenty. Which team will win, which team will score first, over / under 2.5 goals, turn of the result, draw no bet, number of corners, number of yellow cards / red cards, and many more.
The more commercial a match is, the bigger the live betting menu and the more special markets a player is offered.
Odds changes in Live Betting
The odds keep changing and the change can be mild or rapid depending on the events taking place and on how the sporting event progresses. For example, a two pointer in a basketball match or a point scored in volleyball will cause a small change in the odds offered.
But a goal towards the end of a football match scored by the home team, can easily turn a Home Win odd offered at 11.00 on the 92nd minute to an odd of 1.05. This is one of the fastest changing odds that can occur in a betting market. A good rule to have in mind is that the fewer the things that happen during a market, the more they affect it.
In a nutshell, live betting is loved by the players as it offers them excitement and entertainment.
Betting Advantages and Disadvantages
Advantages:
- You are watching the event and can make the right decision at the right time.
- Opportunity for more generous odds.
- Chance to Turn a Loser into a Winner. If a favorite team concedes early in the game, their odds will rise, although they still have the chance to win the game. In this case, you may get more lucrative odds in comparison to those offered before the kick-off.
- In-play betting is particularly interesting when it comes to fast-paced games like ice-hockey and NBA basketball since the odds fluctuate all the time.
Disadvantages:
- Live betting can be addictive and that can lead to players spending extra cash and time at a sportsbook.
- You have to be Quick. In-play odds go faster than pre-game odds.
- You have to watch the game and pay attention to every detail
Find here the best sports betting sites offering a wide selection of betting market options.