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What is Live Betting and What Should You Know About It?

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Trends come and go in the world of online gambling but what’s here to stay is live betting. Also called in-play or in-game betting, this way of wagering on sports is becoming popular with more and more punters. It’s a great way to add more thrill and excitement when watching a live match.

Live betting takes place while a game or match is ongoing. Back in the day, this may have been a less feasible thing to do but online casinos and sportsbooks have made it an easy experience. 10CRIC Live Cricket betting is good to check if you’re into cricket and sites like Unibet and Bet365 are great for football live betting. Either way, you can now easily place live bets on any sports that you can think of on different online sportsbooks.

Many US and UK online bookies offer live betting services. However, in Australia, live betting is prohibited since 2001. The 2001 Interactive Gambling Act in Australia prohibits interactive gambling and live betting is categorized under this. Still, elsewhere in the world where sports betting is popular, live betting is gaining more enthusiasts.

More About Live Betting

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The types of bets available during a live betting event are similar to the ones offered for regular betting like the totals, point spreads, and money line. However, live betting is fast-paced as the odds are constantly changing. Typically, odds offered for live betting would only be available for a few seconds or less than a minute and this is why it isn’t for the faint of heart.

While this is becoming a popular way to bet on sports, it’s still not offered by all sportsbooks. Even if technology allows bookies to accept live bets efficiently, it’s still a bit of a complicated system that only some bookies could handle.

There are fewer live betting odds compared to regular betting odds because of how fast-paced it is. Live betting odds are calculated by odds compilers. You can think of them as traders who are monitoring the prices of stocks in the market. These compilers closely monitor the game instead and put out odds depending on what’s currently happening and the real-time stats.

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It sounds tedious but some sportsbooks rely on a computer algorithm to do all the calculations for them. If this is the case, the odds will mainly depend on the team stats. Either way, it’s a tough process that could take manpower.

Why Participate in Live Betting?

Live betting has simply changed how people can enjoy sports betting for good. It’s great for people who want their viewing experience of any live events to be taken to another level. Since odds are only available for a short time, it gives punters plenty of opportunities to win throughout a single game.

It puts punters into an advantage because they can place bets as the match progresses. This means that bets can be more logical because the data or information they have about the match is live. It’s easier to make judgment calls if you’re seeing the game live in action. Also, many bookies are trying to get more punters into live betting by offering bonuses that they can take advantage of.

Even if not all sportsbooks offer live betting just yet, it’s still good to know that many offer live odds of the most popular sports today like football, cricket, basketball, baseball, hockey, tennis, MMA, and many more.

Are There Any Disadvantages?

Like with any other form of gambling, live betting can also come with a few risks. While it could easily add thrill to the match you’re watching live, it could also easily bring the joy away from the pressure involved in deciding on your bets. This is why if you’re not into fast-paced betting, this isn’t an activity for you.

Since multiple odds are also offered throughout a match, the chances that punters would chase their losses are a bit higher. Chasing losses could easily lead to problematic gambling behavior. If you’re prone to this, then you should avoid participating in this activity.

The best that you can do is to start with a budget that you are only allowed to spend throughout the game. If the budget runs out, it’s time to just sit and enjoy the match. Also, avoid placing bets under the influence. This could cloud up your judgments which would give you a hard time sticking to your strategies and even budget.

Read: Messi holds the record for the most missed penalties in Champions League history

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Rahul Roy
Rahul Roy
I am a computer guy by profession and a sports fanatic by choice.

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