What is live betting?
The gambling industry has undergone some drastic changes throughout the years, and one feature which has revolutionised the market is live betting! Gone are the days when the only time you could place a bet was before a sports match kicks off. Although the first live bets date back to the early 1900s, today’s technological advancements have simplified live betting and made it even more sophisticated and accessible. So what is live betting? In-play or in-game betting, as it is sometimes referred to, enables punters to place bets while a sports event is unfolding.
Pre-match betting is already exciting as it is, but in-game betting has gained more momentum throughout the years. Placing bets during a match is, by far, more electrifying than putting them before the game commences. So if you’re looking for the ultimate exhilaration, in-game betting is the activity for you! Whether you’re watching a sporting event live or from home, live betting promises more fast-paced action; odds can change at any second, so you need to keep track of all the action and stay alert for any favourable shifts in the betting odds.
Why is in-play betting such a popular concept? There are several underlying benefits which attract opportunistic bettors. First and foremost, watching a game unfold will put you in a better position to make more accurate predictions and place more informed bets. You can benefit from an increased number of betting opportunities and find higher-value odds on a variety of sports if you’re focused and take advantage of the changing odds at the right time. Its flexibility also enables punters to place new bets until the game comes to an end. What you need to remember is that timing is of the essence when you place these types of bets.
Types of live betting
LV BET’s live betting platform is home to a wide range of sports and countless betting options. While football remains the sport with the most extensive selection of betting markets, you can bet on other popular sports, including volleyball, table tennis, tennis, baseball and basketball, or on esports, such as League of Legends (LoL), CS:GO and DOTA 2. The range of betting options depends on the sport in question, but in most cases, the majority of pre-match betting options are still active for in-play gambling. The only difference you’ll notice is the shifting odds. Thus, you can place a Moneyline bet - whereby you predict the match winner, over/under bets or bet on the exact result or the scorers. The options are endless, and you may even place accumulator bets for higher possible wins.
Apart from these standard betting markets, in-game betting has opened a whole new dimension with additional gambling opportunities. You can place a bet on which team or player will score next, time of next goal, or next corner, and many more options, depending on the sport in question and the way the match unfolds. One thing’s for sure: as one market closes, you can expect another one to open, and the range of options is expected to grow even further soon.
Since new betting opportunities will arise every second, you must stay on your toes to avoid missing favourable odds. It would be wise to start with the most basic gambling options until you gain enough experience, build up your confidence and learn to judge in which direction the odds will shift. Just be careful not to get carried away and go over your budget while placing live bets - strict financial discipline is of the essence.
Live Betting Odds
Unlike pre-match betting odds, odds can change quickly during a game. Their fluctuations depend on how a game is progressing and how the teams are performing. Any action, such as a goal or an injury can have an impact on the odds, so you need to monitor them, watch the action play out and act fast when the odds are favourable to get the very best value out of your bets. Jumping in when the time is right is crucial as the odds are usually available for a limited window until they disappear. Specific outcomes become more probable than others throughout the course of a match, and odds drift to reflect the new possible results.
Online sports betting has paved the way for the latest trend: betting on the go! Together with in-game betting, they make the ideal combo. It’s more convenient to place live bets on your mobile, wherever you are in the world! Visit LV BET’s mobile betting platform for any live bets you want to place and benefit from the same user-friendly interface you’ll find on desktop.
✅How does live betting work?
You can place live bets during any active sports match. Since odds are always changing, you need to be vigilant and monitor the ongoing action thoroughly to benefit from the most favourable odds. Keep in mind that when particular actions occur, betting is suspended for a few seconds until the odds are updated. Moreover, if you encounter favourable odds, you need to act fast before the odds shift once again.
✅How are live betting odds calculated?
Before a match kicks off, a fixture will have set odds, which will eventually shift according to how events start to unfold and how teams perform. Let’s say Team A is the favourite to win, but Team B takes the lead at an early stage. The odds of Team A will gain a higher value. Any action can have an impact on the odds and the eventual outcome of the game.
✅How do you place live bets?
Placing live bets is no different than pre-match betting. You log in to your sportsbook account, choose a fixture, select a betting option, such as the match winner or the first scorer, and place your bet when you think the odds are the most favourable. There will only be a few seconds delay from the moment you place your bet to it being accepted.
✅Why is live betting better?
In-play betting is considered a better alternative than sports pre-match betting for several reasons. Once the game starts and you immerse yourself into the fast-paced action, you’ll be able to make better predictions on the outcome of the game, and benefit from additional betting opportunities. Since odds are continually changing, betting gets more exciting and entertaining, keeping punters on their toes. You can even take advantage of more favourable odds than pre-match betting if you jump in at the right time, consequently adding more value to your bets.
✅Can you make money through live betting?
Yes, you can win money if you stay focused, monitor the odds and place your bets at the right time. However, you will also suffer some inevitable losses, as no bet can ever guarantee a 100% win. It ultimately all boils down to luck as you have no control over the outcome of a sporting event. Gambling should never be treated as a source of income, and you must set a budget, and always bet responsibly.
✅Is live betting profitable?
In-game betting can be profitable if you follow specific procedures. It would help if you familiarise yourself with the teams or players you intend to bet on, understand how odds shift and identify the factors which can have an impact on the outcome of the game. You must analyse any performance patterns, stay focused to take advantage of the best odds, and place your bets as fast as you can. All these actions will help you gain a slight edge over the sportsbook. You can also minimise losses by hedging your bets and betting against the momentum. Do bear in mind that gambling can become an addiction, so manage your bankroll and gamble responsibly.