Pros and Cons of Live Sports Betting
It allows you to bet on sports or sporting events while they are ongoing.
Live odds positively differ from pregame odds because they are based on how the games unfold.
Live betting gives you better chances of winning because you can take advantage of altered odds.
It can make betting more exciting.
Depending on the sportsbook, live betting may cover several sports and markets.
Not all sportsbooks offer live betting services.
The live betting may not cover all sporting events.
What is Live Sports Betting?
Live sports betting is a service that allows you to wager on a sporting event while it is still ongoing. Normally, the live betting odds differ from pregame odds because they are normally based on how the event unfolds. This element allows you to take advantage of the altered bets and gives you better chances at winning the bets. The events that are covered by this service usually differ depending on the sportsbook. In a nutshell, key defining factor about live betting is that bets are placed when a contest is in action.
How Does Live Sports Betting Work?
Most betting platforms that offer a live betting feature usually provide an “In-Play” or “Live Bet” button. When you press on any of these buttons, you get to bet on more propositional factors as opposed to picking a sportsbook or loser before the start of an event guessing the correct score at the end. This function creates more excitement for bettors because you get to pay attention to the performance of individual players.
For example, you can make a moneyline bet on team X, anticipating that they will win over team Y before the beginning of a game. As the game unfolds you can also bet on what the next play will be. You can bet on options like a complete pass, run, sack, or even an interception. Basically, you can bet on what you expect the next move will be.
What is an In-Play Bet?
In-play betting is a form of wagering that usually takes place after a sporting event has started. This feature allows players to place bets on events up to their conclusion. This means that the betting odds will constantly change depending on how the event is fairing. This type of betting is popular in sporting events that take a longer tile to playout, such as football, cricket, and tennis matches. It can also be applied for events that take days to conclude, like golf tournaments.
In-play betting allows a punter to watch how an event is progressing and asses the chances of different aspects occurring before placing a bet. It also allows bettors to only make further bets in a market after assessing how it is going. Placing a bet in play is quite simple. You basically get to place the bet the same way you would a pre-match bet. The only difference is that you get to place the bet as the game or event continues.
How to Choose the Best Sports Betting Site?
As live betting is becoming more popular in the online betting scene, several sportsbooks have this feature on their websites. This means that if you want to participate in live betting, you have several sites to choose from. Below are some things you have to consider when choosing a live betting site.
📜License and regulation
The first thing you must always consider is whether the betting site is licensed and regulated. The key sign that a betting site is trustworthy is its licensing. When a site is licensed, it has to operate under strict regulations and is frequently audited to make sure that the regulations are not broken. Therefore, you can rest assured that you are protected from fraudulent activities. Therefore, always go for a site that is fully licensed and regulated. Ensure to check that the license is up to date and the licensing body is legitimate.
🎁Available bonuses
If the site is licensed and regulated, the next thing you can consider is the available bonuses. The welcome bonus is always a good place to start. However, do not focus only on the figures of the bonus. You ought to go deeper and find out the terms behind the bonus. This is the best way to know if the bonus is legitimate and if you can actually benefit from it. A bonus may seem great or large but if the terms are not lenient, the entire bonus may be worth nothing. Besides the welcome bonus, you also have to consider the available bonuses for existing clients and how frequently they are offered.
🎈What does the bet builder look like?
A bet builder is a feature that allows bettors to build bets for football and other sports. It allows bettors to customize their bets by choosing a number of bet selections within one event with the boosted odds for every leg that is required. A bet builder is a great betting tool as it allows you to bet on exactly what you want, especially in live betting. So, when choosing a betting site, it would be wise to consider if the site has a bet builder and how it looks and works.
📄Terms and conditions
The terms and conditions under-which the betting site operates are also worth looking into. Firstly, you must make sure that the betting site is transparent about its terms and conditions. Next, read through the terms and conditions and make sure you understand them before you agree to them. Do not forget to check the terms for bonuses, which are also very important. As annoying as reading pages of terms and conditions may seem, it is worth while when you plan to trust a betting site with your funds.
🤺What sports are available
A sportsbook may offer live betting, but it may also not cover your favorite sports. So, before you get excited about the availability of a live betting feature when looking for a good sportsbook, make sure you check the available sports. Even if the site does not cover all sports, it would be great if you could get one that covers your favorite sports. Besides the sports covered in live betting, also look into the overall sports coverage of the betting site.
👨💻Customer service
When betting with a land-based bookie, you can always ask questions and get help if necessary. This is not the case with online betting. In online betting, clients have access to customer support via customer service channels. So, when choosing an online sportsbook, make sure you check the available channels for support, their responsiveness, and effectiveness. A good betting site should offer several channels for customer support, including direct ones like live chat and phone support. The support staff should respond promptly and be knowledgeable enough to handle the questions and provide effective support.
💰Payment options
In betting, you have to deposit money into your sportsbook account so you can use the funds to place wagers. Therefore, you need a betting site that offers convenient payment methods. You need payment methods that promote instant deposits so you can bet more flexibly. The withdrawal methods also matter. The last thing you want is to have to jump through hurdles to get your winnings. When looking at the payment options offered by a betting site, you should consider factors like the range of options, security, limits, fees, and availability in your location.
4 Tips on Maximizing Your Sports Betting Earnings
- Come up with a budget for betting and stick to the budget. This will allow you to benefit from your winnings instead of losing them to more bets.
- Do not get too excited when you get a lot of winnings that you make rush decisions that cause you to end up losing more. Learn to stop when you are on top.
- Take advantage of bonuses so that you can save your winnings.
- Take advantage of features like in-play betting that give you higher chances of winning.
Which Sports Can You Bet on Live?
⚽Football
Football is one of the best sports for live betting because it extends over a long time. A standard football match usually lasts for about 90 minutes or slightly longer, depending on the outcome. In those 90 minutes, an in-play bet feature allows you to place a bet later on in the game as you assess how the teams are performing. You can bet in the second half of even towards the end. Also, there are several football leagues from different parts of the world and matches that you can bet on. This is why most betting sites with live betting allow this feature for football wagers. You can't bet on certain things in the game, despite them making major changes such as yellow or red card being issued. The website software typically doesn't account for that.
🏀Basketball
Basketball is one of the most popular sports in the world. It is also a fantastic sport for live betting because of its popularity and also how long a basketball match usually takes. With live betting, you can follow how a basketball match is going and place bets as it continues. There are several basketball games that you can be on and even leagues from different parts of the world. Therefore, if you want to bet on basketball live, then you have several options at your disposal.
🏇Horse Racing
Several online betting sites with live betting also cover in-play or live betting for horse races. This is because there are several horse betting enthusiasts that the betting sites can cater to. The thrill of live horse betting is that you can place your bet as the pace of the race quickens and the stakes rise. It allows bettors to be strategic in their betting and opens you up to the world of live streaming in the horse betting scene.
🎾Tennis
Tennis is also a fantastic option for live betting because it offers a lot of action. It creates more opportunities for live betting. There are several tennis tournaments to bet on. Tennis matches are also usually longer than other sports giving players a fantastic opportunity to bet live. There is room to analyze the match as the stakes rise so that you can place a bet at the right time and when there are better odds. This is why a lot of live betting sites provide live betting for tennis matches.
🏒Ice Hockey
Ice hockey is a popular international sport. However, it is even more popular in North America, the United States, and Canada. This means that through out the year, there are several ice hockey tournaments that you can bet on. It is a thrilling game that you will enjoy watching and live betting on. With ice hockey live betting, you can increase your chances of winning by taking advantage of better odds and the information you gather from your assessment of the game and the players before placing your live bet.
🏈American Football
American football, known in the US as simply football, is one of the most popular sports in the betting scene. It has been around for decades and people have been betting on this game for just as many years. A lot of betting sites that offer live betting usually cover American football. This is primarily because of the length of a match and the popularity of the sport. An American football match lasts for 60 minutes. However, it is made up of 4 parts of 15 minutes each and sometimes overtime may occur. This gives live bettors a lot of chances to bet live.
🏏Cricket
Perhaps the key reason that cricket is a fantastic sport for live betting is its duration. Normally, the duration of a cricket match varies, depending on the format of the match being played. Test matches are usually the longest with games played over five days with six hours of game play each. International matches usually last one day and there are also some that last for days. Longer games are ideal for live betting because clients have time to assess the match calculate the payouts based on the odds and make a decision before wagering on an ongoing match.
⛳Golf
One of the best things about golf live betting is that some tournaments can take up to several days. This means that you have several opportunities to place a bet. You can take your time to analyze the game, assess the players and their strengths, even research their histories with previous games, before you can place a bet. With golf, you can also bet based on the stats of the players and their performance in the event or previous ones.
🐶Greyhound racing
Greyhound racing is an organized, competitive sports where greyhounds are raced. It usually takes place around a track or a course. Based on where the races take place, there are two kinds of greyhound races (track racing and coursing). The handler of the greyhound may use a lure that travels ahead of the greyhound on a rail until the animal crosses the finish line. The one that crosses the finish line first is the winner. This is a popular sport in the live betting sector because of its lure and how exciting it is.
💻E-sports
An e-sport is any form of sport that is played using video games. E-sports are usually organized, involve multiple players (professional players), and played using electronic devices (mostly video games). The type of video game will determine the type of e-sport. These games have gained so much popularity in recent years that they have made their way into the live betting sector. Nowadays, a good number of betting sites allow live betting for e-sports.
Types of Bonuses to Look for When Making Live Sports Bets
Stake.com Bonus
Welcome Bonus Up to 1,000$
+5
Accepted
lucky10
Mystake Bonus
Welcome Bonus Up to 500€
+11
Accepted
BC.game Bonus
Welcome Bonus Up to 20,000₮
+3
Accepted
22Bet Bonus
Welcome Bonus Up to 122€
+10
Accepted
1xBet Bonus
Welcome Bonus Up to 100€
+14
Accepted
🎁Welcome bonuses
This is one of the most popular types of bonuses in the online betting and gambling scene. Players are usually given welcome bonuses when they register or create accounts with betting sites. In live betting, welcome bonuses are usually given when players make their first live bet. Basically, they do not welcome clients to the betting site. Instead, they welcome them to the world of live betting. A welcome bonus may be a percentage of the amount spent on the first bet, a free bet, site credit, or more, depending on the betting site.
📈Risk-free bets
When you place a live bet and it settles at a loss, the betting site may give you a free bet of the same amount as the bet you lost. This way, you can place your next bet in the live betting section without putting up any real money. This is what a risk-free bet is. Basically, it is a chance to place a bet without any risk. The risk-free part is that you wont wager any real money and so you won’t lose any money if the bet settles at a loss.
💰No Deposit bonuses
A no deposit bonus is one of the rarest types of offers in the online betting scene. It is a chance for players to claim bonuses without depositing any money. No deposit bonuses are usually given to new players. For instance, if you want to place a live bet for the first time, a sportsbook may give you a bonus that you can use to place the bet without wagering any money. No initial deposit is needed, hence the name “no deposit bet.” New account holders are also sometimes given no deposit bonuses as a way to introduce them to the sites.
🏒Cashback Bonuses
A cashback bonus is where a sportsbook gives back a percentage of the cash that a bettor has lost on bets within a specific period like 24 hours or more. The betting site usually calculates the amount of losses that a player has suffered and refunds a percentage of the total amount. The cashback bonus is normally given in terms of cash, not free bets, or site credit, hence the name “cashback bonus.”
🎖Parlay insurance
A parlay bet is where you place a bet on several selections. This means that if one of the selections does not pen out, then you lose the entire bet. So, a parlay insurance is a feature that protects you from losing all your stake when only a few or one selection of your bet loses. The insurance will refund a percentage of your stake instead of losing it all. So, if you make a parlay live bet, this insurance will help reduce the risk.
💵Boosted Odds
A boosted odd is an enhanced odd that gives bettors a chance at better winnings. It is usually given by an online sportsbook as a marketing strategy to encourage players to bet on markets or sports with less appealing odds. Boosted odds can be used in live betting to enhance the potential winning amounts.
💸Deposit match bonus
A deposit match bonus is similar to a reload bonus because it is usually a percentage of a deposited amount of money at a sportsbook. However, it does not target existing clients. It normally targets newbies. A deposit match is given when a player deposits funds into their sportsbook account for the first time. It can be a percentage or specified amount. A minimum deposit limit is usually attached to it.
❓Live Sports Betting FAQ
Live sports betting is where a putter gets to place a wager on a sporting event while it is going on. Bettors can even place bets when the event is almost coming to an end. It provides better odds and gives players a chance to gather more information and analyze a match before placing a bet.
The internet is the place to go. There are many prominent online betting sites that offer live sports betting. You simply have to research on the internet the best live sports betting sites. When choosing the best site, always consider elements like the licensing, trustworthiness, bonuses, reviews, and markets covered by the site. This will help you make the best decision.
Some sports are more ideal for live betting than others. For instance, sports like football, cricket, greyhound races, horse races, American football, golf, and basketball are fantastic. This is because of their duration and popularity.
You can make live bets for free if you have a free bet bonus that your sportsbooks allows you to use on live betting. So, it basically depends on the site that you are using to bet and whether you have bonuses that can be used for live betting.
Live betting is not rigged. It is nearly impossible to rig a live bet because you cannot anticipate the outcome of a live match. Casino games like slots can be rigged because they are mechanical. However, when it comes to live betting, it is nearly impossible to rig them, especially on the side of the sportsbook. If a player were to cheat they would get IP banned in your accessing country from the casino.