Live betting is a relatively new way (when you consider the long history of sports betting) to wager on sporting events. The way sports betting worked in the past was that you make a bet on the game before it started and wait to see how it pans out. Pre-match or pre-game wagering is still the most popular form of sports betting, but live betting has provided a different and more exciting option by allowing you to bet on a game as it is playing out. Once a fringe idea that was started by a few online sportsbooks, in-play wagering, also known as in-play betting or in-running betting has no become the most popular form of betting in the world.
It’s now mandatory for any betting site that wants to be considered a real player in online betting markets to provide the option for online live betting on professional sports. The ability to bet on sports, as they happen, with live odds updated every few minutes or seconds is a rush that some can’t get enough of – and we don’t blame them. However, in-play wagering isn’t just for action junkies. There is real money to be made in this market. Below you will find additional and helpful information regarding live betting sites, what sites are the best and safest to bet at, and what live betting strategy is most commonly used and proven to be most effective.
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Live Betting Online – Explained
Live betting offers players the ultimate experience, betting flexibility, and money-making opportunities. Available online or on mobile devices due to its highly technical nature, in-play betting on sports allows players to become more immersed in the action with thousands of new betting markets. In a nutshell, live in-game betting is the ability to bet on sports from the start of the game until the final whistle. Today, just about every sport is available for in-play betting and depending on the sportsbook, the number of markets and options can be quite large.
Live betting is synonymous with quickly changing markets, meaning bettors will have to adapt fast moving odds. That means they may have just a few seconds to wager before the odds go off the board and are updated after the play. Other times, the odds will stay the same for much of the game until a critical event changes the complexion of the market.
Pros & Cons of Live Betting
Ability to Place Bet After Game Starts
We all get busy and sometimes forget to put our bet in before a game begins. Live betting allows you to place bet minutes or seconds after the game starts. You may pay more vig in some cases, but that’s still better than not getting a bet in at all.
More Betting Options
Live betting or in-play betting offers more betting markets. Live betting markets simply mean more opportunities to gamble and if you like betting on sports and looking for profitable wagers – that’s a good thing!
There is nowhere else in sports betting where you can bet on the outcome an NFL team’s drive, the result of an at-bat, or which player might score the next goal. Live betting wagers are unique to an ever-changing and fast-paced betting market, something you won’t find somewhere else.
Ideal for Hedging and Arbitrage
Live betting allows bettors to hedge their prematch wagers and lock in profits. Arbing is riskier in in-play wagering markets, but still possible at reputable sportsbooks. We discuss this and more regarding in advanced live betting strategy.
Excellent For Mobile
Live betting truly became a significant part of the betting world after the advent of mobile phones and tablets. Interfaces for in-play betting were designed this in mind – making it an ideal option for betting on the go. Go to any sports bar in America, and you’ll almost certainly see someone on their phone placing live bets.
Vigorish Can Be High
Live in-game betting allows you to bet on a game or match at any point during the competition, but in some cases, this can mean laying -115 instead of the standard -110 or worse. This isn’t the case at most betting sites, but increased juice and more commissions charged by the sportsbooks can be a big downside of betting live.
Too Many Options
Sportsbooks that have advanced live betting platforms often have so many markets it can become overwhelming. Each game may have a dozen bets available at once, depending on the sport. These can be hard to narrow down and find profitable wagers.
You Might Bet Too Much
Sports betting is about being selective and not betting on every game or sport but picking your spots and finding edges in the market. It’s certainly not a get-rich-quick scheme or anything even close.
Betting Limits Are Lower
In-play betting limits are far lower than sides and totals. You typically can only bet $1,000 on live betting markets. Some markets, such as live props, may only have a max bet of a few hundred. Of course, this varies heavily depending on the sportsbook.
This is different from No. 3 because it involves people who can’t stop betting rather than those who think they are finding edges that perhaps don’t exist. If you have issues with problem gambling, not only is live betting not for you, but you should be avoiding all forms of gambling. If you think you have a gambling problem, seek help.
Sports Betting Markets In Live Betting
For Americans, the most popular live betting markets will center on NFL football, basketball, baseball, and hockey. However, many US-facing sportsbooks will still offer in-play wagering options on sports like soccer, golf, cricket, tennis, and more. Each one of these sports may have unique betting options aside from the traditional side, money line and total wagering.
For instance, in NFL contests, bettors may be able to bet on the outcome of each drive or the result of each play. Basketball and hockey are faster-moving games that are usually limited to live spread and NFL money line updates, but there may be some “who will score next?” type of propositions wagers.
Surprisingly, MLB baseball may be the sport that benefits the most from live betting. Since it’s played at a slower pace than other sports, there is no shortage of stoppages. This gives the oddsmakers time to offer markets on each at-bat and half-inning. Again, markets and options vary widely between sportsbooks.
Type of Live Bets
At the very minimum, online betting sites will offer updated point spreads, money lines, and totals bets. However, depending on the sport, there may be a lot more unique and exciting wagers available. These include:
- Which player might score the next goal or touchdown?
- The outcome of an NFL possession or play (complete pass/incomplete pass/interception)
- The result of an at-bat in a baseball game
- Which player will get a yellow card or red card next?
That’s only a fraction of the available list. There are many other betting markets when you bet live. The coolest part about live betting is that it’s entirely up to the oddsmakers’ imagination when it comes to betting options. There are always new markets being added for each sport.
Are All Games Available For Live Sports Betting?
Yes, for most major American and European sports. All NFL football games and most Division 1A college football games will have live betting markets. Even lesser known sports will have in-play betting options. For example, Bovada and SportsBetting.ag have live in game betting markets for Greek soccer and Euroleague basketball. Just about every sport and game will have some sort of in-play wagering markets. American centered sports will have more options at betting sites that predominantly have American customers. European bookmakers will have more in-play markets for soccer and other Euro-centric events.
Live Betting At Safe and Reputable Betting Sites
It’s important to remember that when you’re looking for a sportsbook for live betting not to forget the basics. There are many predatory or scam sportsbooks online, and those should 100 percent be avoided. We offer reviews on the top sportsbook online for US players and those worldwide, along with our recommendations for the best live betting sites. Some factors to consider when choosing an in-play betting site:
- How fast are payouts? How much do they cost?
- Do they have a lot of live betting options?
- What are the betting limits?
- How good is there in-play betting software?
- Do they offer a bonus?
One of our top choices for betting sports online is SportsBetting.ag Sportsbook. They offer new bettors a 50% Bonus up to $1,000 on their first deposit. Their live betting software and interface are also excellent. New bettors will be able to try it out for free, as everyone who signs up and makes a real-money deposit is eligible for $25 Free Live In-Game Betting.
Best Betting Sites For Live Betting Online
- Accepts Cryptocurrencies
- Accepts credit card deposits
- Timely payouts guarantees
- Sports promotions and bonuses year-round
- Generous deposit bonus up to $1000
- Excellent software for desktop and mobile
Why Bet At Mybookie?
Welcome Bonus of 100% Up To $1,000 on the first deposit makes Mybookie one of the top betting sites online. They have a long history in the industry but have truly come on in the last couple of years to become a leader in sports betting. Timely payouts are something worth mentioning.
- Accepts Litecoin and Bitcoin
- Credit card deposits accepted
- Excellent and timely payouts
- Competitive odds for NFL
- Sports specific bonuses offered each season
- Large assortment of sports betting markets
Why Is SportsBetting The Best?
The 50% Up To $1,000 Welcome Bonus is hard to pass by and the payout times are fast. Sportsbetting is the top betting site in the industry and easily the most professional. They offer competitive odds in all sports and tons of betting markets, from propositions to live betting.