With the growing legalization of sports betting in states around the country, live betting is seeing increased interest. It offers a different type of gambling, with bets available and shifting as the game unfolds.
Live betting works much like pregame betting, but the chance to get a look at how the game is playing out can be valuable. The quickly changing odds can give gamblers the chance to get better prices than they could have before the game started.
This guide will go through everything from the basics to advanced techniques so that you can best understand all there is to live betting. No matter if you’re a novice gambler, or one looking for an edge on the house, read on for more info.
At its core, live betting — also known as in game betting — is simply the act of gambling on a contest as it occurs. This means making wagers on a game in real time as it happens. Oddsmakers offer odds that change as the game plays out, reflecting the events that have happened. For example, if one team gets off to a large lead, its odds will shorten, offering a smaller return.
Major events, such as the Super Bowl, will have more live betting options than your everyday games. This is the same as pregame betting but it’s still something to keep in mind when planning to bet on a game live.
While live betting is possible on any sport, these are the five that are best for those looking to experience live betting:
The NFL is one of the most popular sports to live bet on and for good reason. Because the NFL is such a large betting market, the pregame lines are often razor-sharp. Live betting offers a way to find more beatable lines.
A team that was a seven-point favorite before the game can fall behind by a touchdown early and see odds shift to make it a three-point favorite, even if there is most of the game left to play. The ability to get solid lines in the NFL, a sport that is notorious for its tough lines, is what makes live betting on football so popular.
The live aspect gives soccer bettors additional chances to bet on the action. By watching the first bit of a game and getting a feel for how it’s going, you make sure that you’re informed before making wagers.
This can allow a gambler to get an idea of the form a team is in — perhaps it is playing very poorly that day. If you wait to bet live, you ensure that you can factor this information into your betting. Live betting on soccer is popular across the globe.
The NHL is perhaps the professional league with the most parity, and thus there are plenty of upsets. This can make it advantageous to bet once a game has started. Hockey can also offer larger odds, and empty-net situations can mean plenty of late-game excitement. Thus live betting odds can shift quickly near the ends of games and result in profit or losses. Placing live bets is a great way to add more excitement to the Stanley Cup as well!
Golf is a great sport to bet on live and may be the sport most suited to this type of wagering. There are many types of bets available every round, and gamblers can bet on everything from the winner of the round to a golfer’s score on the next hole.
Live betting on the final round of a large golf tournament is a common activity, and for good reason. It offers plenty of excitement and a chance for profit. Bookmakers will often group golfers together so that you can gamble on different matchups.
Last but not least on this list is tennis. Tennis is great for in game betting as the game moves fast, allowing gamblers to move from one bet to the next one at lightning speed. You have many betting options, on everything from single points to the full matches.
Let’s now take a look at some of the pros and cons of live betting on sports.
There are many things to like about live betting. Here are some of the best points as to why in play betting is a solid option:
While there are plenty of advantages to live betting, there are also some things to watch out for. Here are some of the largest ones:
As mentioned above, many live betting options are similar to what might be available pregame. However, there are a few bets that are great live options:
Moneyline bets are an attractive bet to make live due to how much they fluctuate and the good price a savvy gambler can grab them at. For example, let’s say that in an NHL game the Chicago Blackhawks are the favored team and they face off against the Nashville Predators. The Blackhawks have moneyline odds of -180 before the game, and you don’t feel as though that is a good price.
However, early in the game, the Predators score a goal, and now the live odds swing to +125 for the Blackhawks. You can now bet on their moneyline for a much better price, and there is still plenty of game left to be played.
The spread is an equalizer that oddsmakers apply to even out the two options available to gamblers. For major betting markets, such as the top professional leagues in North America, the pregame spreads are usually very accurate. This means that it can be very hard to make money on those lines.
Once the game starts, the spread can move the same as the moneyline as described above. This means that gamblers can get a chance to bet on the same outcomes for better prices.
Player totals are another type of bet that is well suited to live betting. Before the game begins, various players will have lines set for major stat categories. These are different for every sport, but every major oddsmaker will offer them.
For example, let’s say that LeBron James has his player point over/under set at 27 before a big game. James scores just two points in the first quarter, and thus the line drops to 23. As a gambler, you feel as though James does most of his scoring toward the ends of games anyways. So taking the bet at 23 instead of 27 is a much more attractive line, and you were able to do this through the power of live betting.
Live betting is currently available to New Yorkers at the physical locations where gambling is regulated. At the moment, traveling to these locations to place wagers is the only legal way to bet live in the state of New York.
However, when compared to mobile betting, in-person live betting is a clunky experience. The strength of mobile betting is that the speed and convenience are much greater than what they are when placing wagers at a physical sportsbook. While lining up at a physical sportsbook, you may miss the odds that you needed to make your wager.
If and when online gambling is legalized in the state of New York, it will change live betting for the better. Gamblers will be able to use the much easier interface to place bets at lightning speed.