These days the world of sports betting is not only growing, but it’s also evolving. One of its fastest-growing features is the ability to make bets on the fly, live, while you’re watching the gameplay out. That’s called Live Betting, also known as In-Play Betting, In-Running Betting or In-Game Betting.
What is Live Betting ?
A live bet is one made any time after the game begins and before it ends. Like the title implies, your bet is happening while the game is live.
You can make lots of the same bets you’re used to in regular sports betting like:
- Point spread
- Money line
Bear in mind that the lines and odds will be constantly changing based on what’s happening in the game.
There are also special proposition bets that are only possible thanks to live betting. One common one is a bet on which player will score next. When the next goal happens, that bet is resolved and a new market opens up to bet on the next player to score.
Because it’s a complicated system that relies heavily on technology to work properly, not all US online casinos and sportsbooks offer live betting. However, the top shops that can handle the job offer lots of exciting in-play bets paired with flawless software.
For now, since in-play betting lines are largely decided by human decision making, the general consensus is that in-play betting lines are looser simply because the oddsmakers have less time to study and are more likely to make subtle mistakes.
This holds true across all sports of live betting – which is what makes it such a special opportunity for gamblers.
Make bets live from your mobile with the best sports betting apps.
Why Are There Fewer Live Bets Than Regular Bets ?
Sportsbooks that offer live betting give you certain lines of in-play wagers but not as many as are available before the game. The reason the list of in-play bets is smaller is because of a few factors, mainly the time and manpower it all requires.
There are just too many games happening across the board and simply not enough time or employees to offer a full range of accurate lines for in-game betting since each game’s dynamics change so quickly. Every sport is different and each event has tons of constantly-fluctuating variables occurring simultaneously across a wide range of action.
As technology improves to give bookmakers the tools they need to be able to offer live betting, expect more and more sites to widen their range of in-play betting opportunities. If we look across the spectrum of online sportsbooks operating now, how a site handles live betting is a huge differentiator.
Some sites have taken a big lead while others lag behind and are forced to make it up to their clients with things like extra sweet bonus offers and better betting odds.
Top Live Betting Strategies and Tips
Whether you enjoy a constant feed of new freshly-made lines to bet on for a high scoring basketball game or prefer the methodical in-game wagering strategy of football or hockey, there are tons of strategies that can lead you to short and long term profit.
#1 Research the Games Before They Happen
If you are putting time and effort into your pre-game wagers, the positive spillover effect will be that you are already primed for action when the live in-game lines come out.
As the game unfolds it will begin to tell a story. No matter which direction the story goes, it will have an impact on the lines as compared to the original lines. Try to think as if you are the author writing the story and each event in the game is foreshadowing what will happen later. If you get good at this skill you will be able to identify the best in-game odds and take advantage.
#2 Pay Attention
Think about it this way: if you want to find an edge in a live bet you need to observe and analyze the game better than the bookmakers. That may be a tall order but at least you are making an effort and have a clear goal.
By thinking about it this way and putting your focus into the game you will have a way better chance of picking up on little details like momentum shifts or certain players getting hot, exploiting opponents, or having unusually good nights. Bookmakers are human so you might pick up on something they haven’t.
#3 Identify Factors That Can Change the Dynamics of the Game
If a football team is trailing by a large margin they will likely start to take more risk and pass more. A soccer club trailing by a goal late in a game will put more attackers forward which could lead to more corner kicks, shots on goal, or counter-attack chances the other way.
By understanding these forced changes you can anticipate what lines will change and how to bet them.
#4 Look For Line Shifts When the Underdog Has A Good Start
When a favorite is losing early it can force a sportsbook to move lines too quickly. If you are confident that the favorite will come back and win you can take advantage of a line that is way more favorable than it was before the game started.
Again, be sure to actually watch the game with your own eyes and see why they are losing early. Is the underdog shooting the lights out or have they figured something out? If it’s the latter, maybe the favorite won’t make a comeback after all.
#5 Have a Plan and Stick to it
Be prepared to move and move quickly but also stay within your bankroll and don’t get carried away. With live betting, you can find yourself chasing your losses multiple times per game. That’s a recipe for disaster.