What is Sports Live Betting
The latest and most exciting choice available from bookmakers is live betting. Also known as in-play sports betting, it has revolutionised the way we bet, and the best in-play betting sites offer a great variety of sports to bet in-play.
Simply put, live betting is the ability to place a bet on a sporting event as it happens. The process of betting can happen during a football match, a basketball game and sometimes during a horse race. Live bets provide unique gambling excitement right up to the final result. The fact that situations and conditions can change during the event, causing odds to fluctuate, makes the betting experience vastly more exciting.
To add to the betting experience, the best in-play betting sites have introduced live streaming of many sporting events allowing customers to bet whilst they watch. Match alerts and up-to-minute latest offers are all the things customers should expect.
Hundreds of fans enter their bets in real-time as the game begins. The odds for multiple bets are active and alter based on the course of the event.
All the related information is available in real-time:
- the current score;
- over-and-done time; and
- yellow and red cards.
Whereas previously, bet types in tournaments were limited to pre-match betting on outcomes, live betting has opened a new door to the types of in-play bets a customer can make. Betting on which player will score the next basket, who will serve the next ace or the outcome of a corner are all examples of the types of in-play bets that the betting sites offer.
Placing In-Play Bets
Placing in-play bets is the same procedure as placing a pre-event bet but with the added advantage of making an informed decision based on what is going on in the event you are betting on.
Each betting site will have a list of live betting events where customers can place in-play bets. The best live betting sites will have an entire in-play betting section dedicated to in-play betting showing live scores and stats, updated bets and odds and live streaming. Customers can easily select their bet, enter their stake, and place it.
Cashing Out In-Play Bets
Cashing out in-play bets can benefit both the punter and the bookie. On the one hand, the customer will have the advantage of taking a cash-out option and guaranteeing a profit without waiting for the final result of a match, even if it is less of a profit than if they had waited until the end of the match taking place now.
For example, if a customer places a bet on a team to win a match and the score is 1-0 with five minutes remaining, the betting site will offer the customer a cash-out option with reduced odds as to the original bet. The customer can take the winnings without taking the risk of an equalizer being scored, whereby they would walk away with nothing.
This can also benefit the bookmaker as, in some cases, it will mean they do not have to pay out the full amount of the original bet. As the odds constantly fluctuate, the best in-play betting sites calculate the outcome of the cash-out option to their benefit by tempting the customer to give up the potential of their winnings.
In summary, cash out is fun and puts the customer in much more control of their bets. However, using cash out too often means the customer is not getting the full potential of their winnings, but the bookie’s margin will increase.
When to Bet In-Play
There is no ideal time for betting in play, it all depends on what circumstances occur during the event that customers are betting. The odds fluctuate depending on these factors. Imagine wanting to place a bet on a football match where one team is highly favoured to win the match. Therefore, the betting odds are low on this team. However, if the lesser favoured team score first, the odds for favourites will lengthen, making it a better time to place the bet with the enhanced odds.
Bookmakers will also throw in a selection of special in-play bets during the match, such as Harry Kane scoring the next goal or the next goal being scored from a header. These offers are enticing and make in-play betting exciting. The secret for the customer is not to get too involved in the excitement and use the in-play betting option with caution.
What Sports are Available to Place Bets In-Play
As in-play betting grows in popularity, more and more favourite sports are being covered by live betting sites. Here is a list of the most popular sports covered, including live football betting:
- Horse racing
- Ice Hockey
- American Football
- Greyhound Racing
Examples of Live Bets
There are various markets offered by live betting sites, with live bet features being introduced in many shapes and forms by the betting sites all the time. As with pre-match betting, some more dominant sports, such as football, rugby or tennis, have more betting opportunities than others.
Here’s a list with examples of the types of in-play bets that customers can place:
- Which named player will score the next goal?
- Which player will serve the next ace?
- What will the outcome of the penalty be?
- Which player will be the next to receive a red card?
- Which team will be winning at the end of the first half?
Choosing the Best Live Betting Sites
Selecting the best live betting site requires research. Therefore, bettors must consider the following tips before selecting the right live betting site. Most importantly, find a trusted and reputable betting site, such as the top-rated bookmakers listed on this site.
Find out more about the site of interest
Examine everything about the betting site, including:
- License and reputation
- Sign-up bonuses, welcome offers and other promotions
- Terms and Conditions
- Bet Builder
- Available sports for live betting
- Existing bonuses for betting
- Customer services
- Payment options
- Use the Site’s Resource Segment
Various gambling sites can provide a step-by-step guide to betting. These are usually very supportive sites and help bettors to start betting.
Top Online Betting Sites
Betting with the right sportsbook is important to gain maximum results as a bettor. The top online betting websites offer live play betting with attractive extra benefits.
Being one of the world’s most established online betting sites, William Hill does not disappoint with in-play betting options and facilities. An extensive amount of in-play betting markets and quality odds is partnered with one of the best live streaming systems. William Hill TV is one of the best for live-streaming horse racing. William Hill also offers customers excellent cashout options and bet live matches.
888 Sport is very well known for its in-play betting section. A user-friendly betting tab with the popular Bet and Watch live streaming options enhances the betting in-play experience. 888 Sport offer competitive live odds over a broad range of betting in-play markets and cash-out options.
Ladbrokes are one of the world’s mega bookmakers. Its in-play betting experience stands out amongst its competitors, continues to enhance its reputation as one of the best live betting sites, and gives great odds for the Premier League and the World Cup. A huge range of betting markets, live streaming, competitive in-play odds and very good cash-out options.
Nearly all of the best live betting sites have a mobile app or website for mobile devices such as iOS and Android phones and tablets. As in-play betting increases in popularity, sports betting apps are becoming increasingly easier and more effective. As well as being able to place bets, customers are kept up to date with all the latest stats and scores, and live streaming allows customers to watch and bet as the action unfolds as it happens.
In-Play Sports Betting Secrets From a Pro Bettor
Understanding how the odds comparison varies per the betting situation is the key to triumph. The following betting in-play strategies can help beginners to understand and improve their betting tactics.
#1. Careful concentration
Careful observation by a bettor during a course of a match can reveal that online sportsbooks follow specific patterns. To make good use of big money opportunities, the bettor needs to pay close attention to what is going on in the match and how the online sportsbook responds to the events.
#2. In-Play Sports Betting Systems
Beginners to in-play betting can consider betting systems developed by many already well-established bettors. They can give customers a basic idea of how they should plan their wagers.
#3. The Five Percent Rule
The five % rule is very simple because it tells the bettor not to use more than five % of their bankrolls for betting. First, bettors must determine how much of their bankrolls they are willing to bet on a sports event. Bettors should then bring into play just five % of that agreed amount on every bet.
#4. Restricted Betting
Live betting sounds very thrilling, but wagers must always keep little concentration on their bankrolls. The key to success in-play betting is “controlled betting”. If bettors cannot control the size of the bets they place, they will lose more money in the future.
#5. Finding Peak Probability
Live sports wagers typically find it very hard to recognize the top odds. When Live Betting starts, sportsbooks post the odds and modify them according to the events. The most excellent approach to in-play betting is to stay tuned to different online bookmaking sites to verify they offer odds on the same game.
How to Become a Successful Live Sports Bettor
Making money with live sports betting is not effortless work. Once you start thinking like a smart sports bettor, you will realize that timing matters in live betting. Getting the right price at the right time will decide whether the bettor or the sportsbook made it to the winning side. Managing funds efficiently can be extremely profitable for you in live betting.
Bettors can have an edge and beat the book by examining the action closely. Being able to forecast the momentum swings within an event and bet in play before they take place is the bottom line in live betting.