Live betting is one of the most popular and exciting ways of placing bets. It allows you to make quick predictions and place bets while sporting events are ongoing.
Knowing the current situation and stats in a game and betting only after that may give you an advantage over pre-match betting. Stay with us so you can have live betting explained in detail and find more examples.
What is Live Betting?
When you bet live, it means that you place a bet while a sports match is still on. The game period during which you want to place a bet doesn’t matter. This is because most sportsbooks will let you bet live during any match period.
Live bets also come with different live odds. For example, pre-match odds for a home team to win may be -110. But after the event starts, the away team may take the lead. So, the odds for the home team to win automatically go up.
It’s up to you to make quick decisions and grab the chance to place a bet with the top live odds you can find at a given moment.
Difference Between Live Betting and Pre-Match Betting
It is rather easy to understand the difference between live betting and pre-match betting. As the name implies, pre-match betting is about placing bets before any events begin. You have odds set before the games start. Once you place such a bet, your stake amount or odds cannot be changed.
As far as live betting goes, it becomes available the moment a sporting event kicks off. Moreover, platforms are open for live bets just before the last seconds of a match. So, you can place bets at any time during a game.
The odds for live betting are most often different from those for pre-match betting. This is due to the situation, intensity, and all the other aspects of a sports event changing during it. So, operators tend to adapt the odds according to the real chances of something happening.
All in all, what mainly separates pre-match and live betting is the time spent placing bets. Also, the time during which you can place live bets is much longer. Another important element is that odds in live betting constantly change due to the game dynamics. This isn’t really the case with pre-match betting because you can find certain odds before you place a bet, and once you place your bet, no changes are accepted.
How Live Betting Works?
Now that you know that live betting is all about placing bets while sports events are on, we can dive deeper into this world and explain some additional elements.
Explanation of the Mechanics
The live betting mechanics are not hard to understand or use. They revolve around using the betting platform the right way, i.e., joining, funding your account, finding events you want to be on, picking the markets, and making your slip.
It’s up to you to decide upon your stake amount, and whether the odds given at that moment are suitable for you. In case they are, you may want to take the opportunity to create your slip, as the odds constantly change.
Real-Time Odds and Updates
Just as we mentioned before, odds are subject to change. While this is generally true, live betting odds are even more variable. The reason for this is that the situation in a match constantly changes.
Therefore, one team or player may take the lead in the game. That’s when, for instance, the winning odds will change. As the game progresses, the same winning odds will be updated more times due to new potential changes in the match. Having live betting odds explained also means that you know the right time to place a live bet.
Types of Live Bets Available
Live bets can be as diverse as pre-match bets at times. In other words, you can place almost all bets during an ongoing event you would otherwise find in the pre-match betting section (moneyline, spread, over/under, and even some prop and parlay bets).
As this way of betting is more dynamic, it’s up to you to develop your live betting strategy. You may first get a very good insight into teams or players competing in a game and know their playing styles so that you can be prepared to act according to the pace of the match.
Benefits and Drawbacks of Live Betting
Getting all things together, we found what may bring a pleasant experience to users in live betting and also elements that may not do that.
| 👍 What We Like | 👎What We Don’t Like |
|---|---|
| Very interesting, immersive, and dynamic. | May be a bit stressful at times. |
| A chance to see a game atmosphere at a given moment. | Live betting does not involve many numbers and stats. |
| Intuition-based. | Harder to develop a strategy for. |
Live Betting: Final Experience
We conclude that live betting can make bettors’ experiences much more dynamic and interesting. The opportunity to have all the information about stats and game courses gives you a head start and, in a way, increases your chances of placing a successful bet.
It’s fast-paced, so you need to act quickly when it comes to temporary live odds and predictions. In contrast, this may sometimes lead to a bit of stress. Also, such swift decision making doesn’t leave much room for many betting strategies.
But indeed, the more you explore and have live betting explained, the higher your chances of success.
Live Betting: All You Need to Know
You can read the answers to quick questions about live betting below.
Generally, live bet odds are not very high. However, the average win-loss ratio may be a bit higher than pre-match bets.
You find a brand to sign up with, verify your account, make a deposit, and locate ongoing events that you want to bet on. Then, you select a market that comes with particular odds, choose your stake amount, and confirm your slip.
You can simply open a live betting section on an operator’s website. Next, you have to open the game and see the available markets. You’ll find the odds beside every market, where the lower ones stand for something more likely to happen, and the higher ones are for outcomes that are less probable to become true.
Looking at the overall numbers and percentages, live betting may generally present lower odds for live outcomes.
