If you’re an avid gambler, then you’re most likely familiar with sport live betting as well. It’s a type of gambling wherein you make bets while the game or match is ongoing, making the betting experience all the more thrilling.
For instance, you can watch a major NFL game with your friends and place wagers on which player will score a touchdown. Using apps such as the ThisWin app sport live, you even have the option to check and track what the latest statistics are in real-time, allowing you to have better judgment the next time you place a bet.
What Is Live Betting?
US residents have enjoyed live betting for quite some time now, specifically ever since the very first online sports-book appeared. As time passes, more and more states have been legalizing sports betting, so now is the best time to take advantage of this form of gambling while it’s still constantly rising in popularity.
As you can imagine, everything happens in real-time when you’re participating in live betting. Meaning to say that if something happens in the middle of the game that changes the odds, the sports betting site you’re checking will also immediately update the data shown. Most of the time, this is done by algorithms.
Here’s an example to put things into better perspective: imagine that you’re participating in NFL betting. If a team is moving in closer and closer to the rival team’s end zone, the sports-book betting site will also update what the odds are that the closing team will land a touchdown. When it comes to in-game betting, there are so many chances that you’ll win actual money even before the game ends.
What Are the Benefits of Live Betting?
How online sports-books worked was completely changed when live betting was introduced to gamblers. Since its conceptualization, live betting has become of the most popular forms of gambling. The odds are always changing in in-game betting, depending on whatever happens during the match, which means there’s always a chance you get to win something even before the match has ended.
That being said, here are some other benefits you might appreciate:
- You have the chance to earn cool bonuses
- You have the opportunity to win actual money even before the match officially ends
- You can change your decision or bets while watching the match
- The odds of the game are constantly changing, so you can find value in the market
Which Major Sports Allow Live Betting?
Most of the time, live betting is allowed on sports wherein there are real-time statistics being showcased. If your online sports-book has a live schedule tab, you can check the complete list of events from there. If you want to see the game tracker or the full statistics, then you can click on the game to check these data out.
Typically, the most popular sites offer live betting on major sports, such as soccer, football, tennis, basketball, hockey, baseball, and MMA. There could be other options too, depending on the sports betting website you’re using. But for the most part, these major sports are usually available.
How Does It Work?
Even if you’re not that familiar with sport live betting just yet, this form of gambling isn’t that difficult to understand and get into. Let’s take the Grand Slam tennis match as an example in this case. Here’s the situation: Serena Williams is up against Simone Halep during the US Open, and an online sports-book site has opened up live betting for this match.
The moneyline starts at -110 for Williams and +110 for Halep, but the game’s situation changes, and the live betting odds also change to -110 for Halep and +110 for Williams as a result. See how unpredictable yet exciting live betting is?
If you want, you can even place “fast market” bets on whoever scores the next point or whoever wins the match next. However, if you don’t have access to a live stream or TV broadcast, there’s still a way for you to remain updated on what’s happening in the game via a match tracker.
A match tracker shows fans what’s happening to the game via a graphic form. Through a match tracker, you can keep track of the in-game stats, points made, serves, double faults, and more. In this way, you can still make an informed decision about your next bet.
How Are the Odds Calculated?
As mentioned, the odds are constantly changing because everything happens in real-time. If a favorite is leading the game, then the odds will lower as well to reflect what’s happening in-game. That being said, how is this calculated?
Actually, live betting platforms employ the help of odds compilers. These function like traders, who change or update the prices depending on real-time stats and the game’s score. Most betting platforms make use of computer algorithms to make this job easier for them.
Tips and Strategies
Whether you’re new to sport live betting or a veteran, take note of these tips and strategies so that the next time you make wagers, you’re not just making random decisions and flailing mindlessly.
Take Advantage of the Statistics
This is a very important point—you need to take advantage of the statistics being displayed so you have an actual chance of winning. Do your research and read up on important information regarding the teams and players.
Place a Pregame Wager Beforehand
While in-game betting is indeed fun, it’s actually recommended that you place a pregame wager beforehand. As long as your pregame bet was placed wisely and you actually thought it through, there’s a chance that your wager once the game commences can serve as an insurance.
For instance, imagine that you bet that a certain team would win pregame, but you received odds-on. If you find that the match is swinging in favor of the other team during the actual game, you can actually trade off your pregame wager.
Without a doubt, sport live betting continues to thrive as a form of gambling, and it’s no wonder why. It’s an exciting form of betting that will keep you on your toes for the entire match, watching and waiting to see whether you’ll win.