What are the pros and cons of in-play (live) betting?

The world of gambling has undergone drastic changes in the recent past, thanks to the internet. The fact that people can gamble and play games using the world wide web is a massive development. Even though online gaming might be relatively new, it has experienced significant changes since its inception. Online casino standards were not even close as to what we see today. The games, the casino software, playing styles and overall experience of online gambling have immensely improved especially in the last five years.

One of the notable developments, however, is in the field of sports betting. Online sports betting has grown incredibly popular among gamblers worldwide, and this has seen the introduction of thousands of online betting sites. Due to this immense competition, each and every casino has been trying every tactic possible to get the attention of customers. One of the things that were introduced was Live Betting, also known as in-play betting.

Contrary to the norm, where bettors place their wagers before the games have started, Live Betting enables them to place bets while the game is in session. It not only increases your chances of winning, but it is also incredibly exciting. Sports enthusiasts who value their money, this is the best option to go for. It gives sharp bettors a huge advantage of sportsbooks since it is easier to predict the outcome of a match you are watching than the one that has not yet kicked off. However, before indulging in live betting, let’s take a look at how live betting works and the advantages it offers.

Live Betting Explained

As mentioned above, Live betting involves placing online wagers for sports games that are currently taking place. It functions more or less like traditional sports betting in every other aspect including types of wagers, payment modes and selecting bets based on what you think will happen. However, the odds differ as the game continues. This depends on the time remaining, goals scored, cards given out and any other major event that might affect the outcome of the match. When you place a wager, you will get a fixed odd at that time, and your winnings will be calculated using that odd.

Types of wagers

In-Play betting introduces some new types of betting selections that would not be possible in traditional sports betting. These bets include goal scorers, the next team to score, the time of the next goal, time of next booking among others. These wagers differ from one casino to another, but it is possible to find some that are similar among several casinos.

Odds in In-Play Betting

Bookmakers adjust odds regularly depending on the direction the game is taking. You might find that as a football match starts, the odds were: 1.80: 3.5: 3.90, and this means that the home team is the favourite to win the match. However, if the away team scores first, that means that the home team’s chances of winning the match have reduced, and now the away team is the favourite. In that instant, the odds changes to something like 2.90: 3.5: 2.10. It is therefore very crucial for one to be keen on the events taking place in the match since they dictate the betting odds.

Advantages of Live Betting

Live betting is suited to increase the winning chances of the bettor. It has several advantages over traditional sports betting, and when maximum attention is paid to it, it can prove to be a great value for your money. One of the biggest advantages of in-play betting is the additional types of bets. They not only provide more opportunities to consider but also enhance the betting experience. When a bettor is given a chance to bet on the time of the next goal, for example, it will keep him on the alert and fingers crossed as he waits for that particular minute. You will also find that these bets have a higher odd than usual bets thus you can make more money if you win.

Also, being able to bet as you watch a game increases your chances of making a correct decision. Due to your previous experience, you can be able to predict the outcome of a match when you see the intensity of the match, the formation of the team, or if by any chance a favourite player gets an injury during the game. For example, in football, if a defender is given a red card, you can easily predict that that particular team can rarely win the match.

Another advantage of in-play betting is the constantly changing odds. Live betting odds offer more value as the game proceeds, which give you the advantage of making more money out of your bet. Sports bettors have gained a real edge of bookmakers using this option. Also, as odds changes are dependent on events taking place in the match, you might find that the bookmaker’s predictions are not correct, and if your instincts tell you otherwise and bet on the higher odd, you can make a big profit.

Disadvantages of live betting

No doubt, everything has its good and bad sides. Live betting can prove to be more emotional and a bit hard to control. When you lose your cool, you will find it hard to process decisions intelligently, and this might lead to you losing.

Similarly, live betting needs quick action. Therefore you don’t have time for match analysis.

Another disadvantage is that you have to be watching the game. It is hard to predict an outcome in a live bet if you are not concentrating and watching the game.

In conclusion, Live-Betting demands considerable expertise and fast analysis tactics. You could be significantly disadvantaged if you are a slow bettor or new to the betting scene. Thus, it is recommendable you take time to learn live betting strategies and consider starting out with minimum stakes to avoid high losses. Other than that, ensure that your internet connection is fast and reliable since a delay of few seconds can lead to great inconvenience. Also, choose to bet live games from a reliable and reputable sportsbook and on that offers a variety of wagering options.