I think you have already gotten the gist of it, but let’s go over the basics of live betting once again. The idea here is to use your knowledge of the sport to study the game and make predictions that can pay off handsomely.
In a football match, for example, you can expect which team will score the next goal when you watch the game. Let’s say, Arsenal and Manchester United are playing. Arsenal had pre-match odds of 2.40 to win the game, and odds for a United victory was set at 3.30. Bookies priced a draw at 3.00.
Now, let’s say the match is at 0-0 after 65 minutes. United coach Ruben Amorim takes off Tyrell Malacia and brings on Amad Diallo. You see this as an opportunity for Arsenal to score. Why? Diallo is more attacking-minded than Malacia, and he has been brought in to move further up the flanks.
This will create an opportunity for Arsenal right-winger and their best attacking threat Bukayo Saka to run into the space left behind Diallo.
At that time, the odds for an Arsenal win were set at 4.00, a draw at 2.80, and a United win at 4.40. You read the game state and took a decision before the football in play betting odds shift. As per your prediction, Arsenal will score next and win the game.
So, you can place a bet on Arsenal winning the match at higher odds. When Arsenal do start to attack with more intensity, the odds will readjust and the odds for an Arsenal win will shorten. If Arsenal win the match, you will get a heftier payout than other punters because you placed the bet before the odds got slashed.
Here’s why in play betting is more alluring to punters:
- You can make a more informed decision after the match begins.
- There’s room for more strategic betting. Since you are watching the game live, you will spot unique betting opportunities opening up, like Xavier Savage scoring a try, Kane Williamson hitting five sixes in a match, or Chris Wood getting a red card.
- Best in play betting sites sometimes offer early payout options. If you are convinced that a bet you had placed early in the game might not pay off in the end, you can minimise your loss by requesting an early payout. You will be paid at lower odds than those you initially bet on, but you can still get your stake back plus some extra.
Live Betting Markets
Live betting sites spread their live wagering offerings across several markets. I have mostly talked about match results up until now, but there are a lot more options. Let’s discuss the most popular live betting markets:
- Moneyline Bets/Match Results: Predict the final outcome of the match as the match progresses. The odds for the most probable result will get shorter as the match advances.
- Total Goals/Points/Runs: The total amount of goals, points, or runs scored in an entire match. Sometimes, bookmakers offer these bets within specific phases of the game, such as total goals scored in the first half of a football match or the total runs scored in the second innings of a cricket match.
- Handicap Betting: Bookies can also offer handicap live betting odds. For instance, when a team is two goals up with 30 minutes to go, there could be odds for the team to cover a -1.5 goal spread.
- Specials: These are live bets focused on specific events that can happen before the events. For example, live horse racing betting sites can offer odds for a red colored horse winning the race halfway through the race, or rugby betting sites can offer odds for a certain player going to the sin bin after the match begins.
Odds Fluctuation
Bookmakers reassign the live odds throughout the match in relation to align with the unfolding events of the match. Let’s go back to our Arsenal vs. Manchester United example to explain how this mechanism works.
If Arsenal score, the odds for Arsenal winning the match, and a draw will get shorter. On the contrary, the odds will move in the opposite direction for a United win. If United equalises, the odds for Arsenal winning will lengthen, and the likelihood for a draw will get stronger.
So, odds for a draw will drop. Manchester United will not become the overwhelming favourites to win the match after restoring parity, but their odds of winning the match will shorten.
The bottomline is, live gambling sites will keep on assessing the situation and reassign the odds in response to real-time game developments.
Live Streaming Options
A betting live stream is a premium feature that only a handful of bookmakers offer. Bet365 and Betway have the best live streaming coverage. These betting apps let you watch the game and bet at the same time. It’s a great feature to have, especially for people like me who don't want to miss out on betting while travelling.
A word of warning, however: don’t expect excellent quality on these live streams. The video quality is usually quite low, so it’s not a replacement for your regular streaming plans by any means. Live streams on betting sites are more of a convenient backup than a primary viewing option.