Recent statistics reveal that worldwide, 26% of people gamble. Further, 17% of people gamble online.
If you are a part of the gambling population, then you will love live betting if you have not tried it already. Betting is fun, but in-play betting takes fun to a whole new level.
Are you ready to get your adrenaline going? Let’s dive into some details of how to live online bet like a boss.
What is Live Betting?
In the sports betting market, there have been a lot of changes over the years. Previously, you could only place a bet before the game begins. Then, as the game is underway, your bet is locked.
There were no other chances to bet, and you would need to wait for the next game. The best sportsbooks realized they could offer a better experience for their bettors. Thus, they now have a new system to allow bettors the opportunity to place wagers while the game is underway.
And there you have it, the magic of live betting! You can also refer to making wagers after the games start as in-play betting or in-running betting.
When Are Wagers Offered?
Sometimes sportsbooks will allow wagers between periods or quarters. Other times, sportsbooks allow wagers to follow every single drive or play. Essentially, at any point during the game, bettors can place bets on many things.
The frequency with which the wagers change, and the number of betting types depends on the sportsbooks’ technological capabilities. That is why live online betting is the best for this.
Live Versus Online Sportsbooks and Casinos
Online sportsbooks and casinos will offer a bettor the most options. They also offer the most variety. That is because they possess the technological resources to keep up with the games.
There is a lot of change in action, and online sportsbooks and casinos can handle it. For the bettors, it makes wagers much easier. That is because you do not have to wait, so you never risk a wager could change because you could not get at it fast enough.
Now, let’s discuss the common bets that are offered.
Traditional Bets
The bets that are available before the game will be available too after the competition starts. What will change is the odds. The odds change in real-time as the depict was happens in the game.
Let’s say the Green Bay Packers are playing and they are the favorite to win the game. After the game starts, the quarterback sustains an injury and cannot play for the rest of the event. Then, the Packers are no longer favored and maybe now seen as an underdog.
Live odds will reflect this kind of change. You could make a more reasonable bet after the start of the game.
Prop Bets
If you place your bets with a technologically savvy sportsbook or casino that can keep up to speed, prop bets are available for in-running betting. While this includes fun prop bets, you can also wager on items like how many goals or touchdowns a player will make, and things of this nature.
If you think a player is a slow starter, this could prove valuable to you. Maybe a player’s performance is about to change, and you can capitalize on it.
Parlays
Sometimes, when you are in-game wagering, you could be able to turn a single bet into a parlay. For example, let’s say you made a bet on something you think will happen because of a trend you see. Then you believe it will continue to happen.
After the game starts, you could add to your original bet, seeking to capitalize on your prediction. The best sportsbooks will even let you create new parlays with live betting, which bettors love.
Check out this sportsbook and find your state: https://www.therx.com/sportsbooks/caesars/
Benefits of Live Online Betting
Online sportsbooks and casinos are developing new ways to give bettors the ultimate experience, offering new and exciting benefits that did not exist before. You get a lot of the benefits that you would have with a traditional wager, however, live online betting amplifies it.
Here, we will discuss the best reasons people enjoy online legal sports wagering.
The Odds
All odds on all wagers should be accurate, technically speaking. They should be correct about what you are betting on. The best sportsbooks take a lot of time and spend money to set up a computer system or hire professionals to assist them with perfecting odds.
Should a sportsbook make a mistake setting a line, and many bettors place their bets on it before they catch the error, they could lose a log of money. However, sportsbooks have days and even weeks to research and prepare the lines in advance.
With live betting, though, forget all that prep work! The best sportsbooks must make predictions and change odds in real time. They have to keep pace with the competition, so there is no time for second-guessing.
A sportsbook could set in-running odds in two ways. One way is via a smart team with smart bettors that have the responsibility to set lines. They rarely mess up with their reputation for being the best in the business.
The second way is with a computer system. The complex machine takes in all known data and generates real-time new lines and new odds.
Still, while both systems are excellent, neither is perfect. Especially considering these online betting opportunities are real-time.
Humans can make human errors. Computers analyze quantitative data, not qualitative data. Therefore, there could be a mistake in the lines, and that means there could be an opportunity for you to capitalize on if you get lucky.
People Are Easy to Influence
Expanding upon the idea that a mistake could occur, keep in mind that almost all the time a sportsbook puts out a correct line. However, lines can move because of public opinion, or public betting.
While the people and the computers who put the lines together are brilliant, the public is not as smart. Often, the public will want to bet with their heart. They will not use their heads, looking at statistics and analyzing the game as they should.
This means that if the public goes one way of betting incorrectly, the line shifts. The odds on the other side of the bet get much better.
Still, this does not guarantee that you would win the bet by going to the other side of it. However, you would get better odds and a higher payout if something should happen. You would need to repeat such a pattern often to become a successful sports bettor in the long term.
Entertainment
If you want to feel an exciting rush while watching a fun sports game, live online betting is perfect for you. For anyone new to live online sports betting, it is highly entertaining.
Traditional betting has a lot of action too, and it lets you get the betting out of the way so you can just watch the game. However, if you enjoy something more fast-paced, then in-play betting is something you should try at least once. Give it a shot and see what you think.
Live Betting Strategy Tips
First, start with a pre-game bet, even with live online betting. That is the best starting point. This will help you do some pre-game homework, too. It will put you in the right state of mind too.
Know Your Limits
With the rush of adrenaline, you could get swept away easily by the fierce competition. That is why it is important to keep track of how much you have on the line, especially when making bets in real time.
For a beginner, a pencil and paper will help you keep a tally. More experienced bettors might want to have a spreadsheet on a laptop available.
Watch the Entire Game
This may seem obvious, but too often, new bettors will succumb to this. It is important that as a live online bettor; you watch the entire game. Watching the entire game will allow you to catch something that seems tiny and give you an edge in making wagers.
Know the Interface
While this is the last point of this article, it is by far the best advice you can get. Live online betting interfaces are a little different from traditional odds charts. Remember, it is real-time, so it is constantly updated, which can seem overwhelming at first.
That is why before you place live bets online, you must familiarize yourself with the interface.
How to Live Bet Like a Boss
If you are a sports wagering enthusiast, nothing compares to the entertainment of live betting. We hope you take this advice and win big!
We are always posting timely articles about what’s new in the world and tips to capitalize on it, too. Stick around and find more informative articles to enjoy!
