What are live bets and how do they work

What are live bets and how do they work

July 13, 2024

What is live betting?

Live betting, also known as in-play betting, is a type of sports betting that allows you to place your wagers while the game is already in progress. Unlike traditional bets made before the match starts, live betting brings a new dynamic to the world of sports gambling.

Advantages of live betting

  • Excitement: Watching the game and being able to bet on specific events adds an extra layer of thrill to the match.
  • New opportunities: The flow of the game can create unexpected situations that generate good betting opportunities.
  • Correcting mistakes: Did you misjudge the initial score? With live betting, you have a chance to recover from mistakes made in pre-game bets.

How does live betting work?

Sportsbooks offer live odds for various events within a match. These odds change constantly based on how the game unfolds. For example, in a soccer game, you could bet on the next team to score, the outcome of the next corner kick, or even which player will receive the next foul.

Types of live bets

  • Outcome of the next event: Bet on which team will score the next goal, who will get the next card issued, etc.
  • Specific markets: There are markets for betting on corner kicks, offsides, substitutions, and other events within the game.
  • Live handicap: Similar to the pre-game handicap, but with odds adjusted according to the current score.

Tips to start profiting with live betting

Live betting offers a dynamic experience, allowing you to wager on specific events unfolding within a game as it progresses. Here's a breakdown of some popular live bet types:

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  • Outcome of the Next Event:
    • This is the most common type of live bet. You wager on the immediate outcome of an event, such as:
    1. Next team to score: Predict which team will put the next point on the board.
    2. Next player to receive a card: Bet on who will be the next player to get a yellow or red card.
    3. Outcome of the next corner kick: Will the corner result in a goal, be cleared away, or lead to another corner?
  • Specific Markets:
    • Live betting delves deeper than just the overall game outcome. You can wager on specific events within the match, such as:
    1. Number of corner kicks: Will there be more or less than a certain number of corner kicks in the entire game or a specific half?
    2. Offside calls: How many offsides will be called throughout the match?
    3. Substitutions: How many substitutions will a specific team make before the final whistle?
  • Live Handicap:
    • Similar to pre-game handicaps, this adjusts the odds to create a more balanced betting opportunity. Here's how it works:
    1. Favorable handicap: The underdog gets a virtual head start (e.g., Team A 1 goal). If Team A wins by any margin or draws, your bet wins.
    2. Unfavorable handicap: The favorite gets a virtual disadvantage (e.g., Team B -1 goal). They need to win by more than one goal for your bet to win.

These are just a few examples, and the availability of specific live bet types may vary depending on the sportsbook and the event itself.

Final considerations

Live betting is an exciting option that can bring profits to savvy bettors. However, remember that all types of betting involve risk. Study, practice, and gamble responsibly to get the most out of the world of live betting.

FAQ

Live betting, also known as in-play betting, allows you to place bets on sporting events while the game is ongoing. This is different from traditional betting where you wager before the match starts.

There are several advantages to live betting, including:

  • Increased excitement: Live betting adds an extra layer of thrill to watching the game as your wagers play out.
  • New betting opportunities: The game's flow can create unexpected situations that present lucrative betting opportunities.
  • Correcting pre-game mistakes: Misjudged the initial score? Live betting allows you to potentially recover from errors made in pre-game bets.

Sportsbooks provide live odds for various events within a match. These odds constantly fluctuate based on the game's progression. For instance, in a soccer match, you could bet on the next team to score, the outcome of the following corner kick, or even the player to receive the next foul.

There are several types of live bets available, including:

  • Outcome of the next event: Wager on which team will score next, who will get the next card, etc.
  • Specific markets: Markets exist for betting on corner kicks, offsides, substitutions, and other in-game events.
  • Live handicap: Similar to the pre-game handicap, but with odds adjusted based on the current score.

Here are some tips to help you start profiting from live betting:

  • Study the sport: The more knowledge you have about the sport, the better you can understand the game and make informed decisions.
  • Manage your bankroll: Allocate a separate bankroll for betting and stick to a strategy for distributing your wagers.
  • Control your emotions: The fast-paced nature of live betting can lead to impulsive decisions. Stay calm and collected!
  • Watch the game: Watching the match live is essential for understanding the flow and making choices based on what's happening on the field.
  • Utilize live statistics: Websites and applications offer real-time statistics that can aid you in making your bets.

Live betting can be an exciting option with the potential for profits, but remember that all gambling involves inherent risks.  By studying, practicing, and gambling responsibly, you can maximize your enjoyment of the live betting experience.

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