For people who like to bet on sports, watching the action is half the fun. In today’s world, it’s very easy to do both at once from your computer or smartphone as betting apps are widely available and easy to use while live streams of sports can be found on the web. There is a simple way to take this experience to another level – by placing bets after the game has already begun. This is called live betting, and it is becoming the preferred method for many punters around the world.
If you are not familiar with live or in-game betting, this article will explain the basics and point out smart ways to use it to your advantage. So, pause your game for five, minimise the tab, and give this a read if sports are in your zone of interest.
How Live Betting Works
This mode of betting is not too different from regular betting, except for one detail – wagers are accepted after the match starts. Of course, this changes everything as bettors can follow the game and deduce what is going to happen next, quickly translating their insights into promising wagers. To account for that, sportsbooks are dynamically adjusting the odds to reflect the likelihood of each outcome and provide incentives for the bettors to make bold predictions. This creates a very intense and time-sensitive environment where winning bets can be made in every moment, but the opportunity to benefit from good odds can vanish quickly. In such an adrenaline-fueled game, those who can keep a cool head and a sharp eye for details have an edge, while the range of possible winning bets in much wider than in traditional betting.
Why Sports Fans Love Live Betting
All over the world, betting sites are seeing a huge influx of traffic to their live betting sections. Some of it comes from casual fans, but they are not truly driving the trend. The group that is most active in live betting are hardcore sports fans, who see it as an extension of their game day experience and keep the betting app open constantly. Sports fans have a lot of information about the games, so they are well positioned to interpret what they see and translate it into actionable predictions. With live betting, it’s always possible to change your mind and make a correction to a previous bet, so the process is more demanding but also more rewarding for the player. This betting format is not for the faint of heart, but quick thinkers who don’t hesitate to pull the trigger find it more conducive to their style of play.
How Common Is Live Betting on Online Sportsbooks?
When this feature first rolled out, it was limited to a few betting platforms. It was an immediate success, which resulted in its quick adoption on practically every site. Today, it is considered a core part of the offer and bettors fully expect to find it on every online sportsbook they join. Since implementation isn’t too difficult technically, providers understand they gain far more by including live betting than they have to spend to enable it. However, not all players who have access to live betting decide to try it as they are not familiar with how it works or concerned they are not skilled enough for it. Sportsbooks could do a better job promoting this option and educating less frequent users about its benefits, as this would result in even more robust growth for this category.
Integration of Live Betting with TV Broadcasts
As major sports leagues in the US and worldwide forge closer relationships with sports betting companies, and companies like woom bet sports emerge into the competitive space,there is a tendency to include betting propositions in game broadcasts. Live betting fits perfectly with this concept, as it provides lots of opportunities for showcasing the changing odds while commenting the game. In addition to predicting the final score, viewers can be prompted to make prop bets on a number of in-game parameters. Purists might object to this merging of fandom and commercial betting, but fans who love having a side wager are delighted. As digital broadcasts already present the viewers with a trove of statistical data on top of live action, offering betting odds in the same screen is the logical next step.
How to Win Consistently at Live Betting
The golden rule of live betting is that you should only bet on sports you know a lot about and actively follow. Unless you know the teams playing and how their players match up, it’s very dangerous to dabble in live bets – even if you are watching the broadcast. This betting format is really well-suited only for the superfans, and even they should be selective with the type of bets they are making. It’s equally risky to chase long odds in real time as it is on a futures bet, but the adrenalin rush can mask the risks and make the bettor more impulsive. That’s why it’s recommended to bet strategically by pre-determining the triggers for taking action – for example, if a favourite falls behind in the first half and the odds reach a certain number, take the bet on them to win. That’s much more sustainable than following every hunch or whim.