Live betting is what it sounds like it is. It involves wagering on sports while the game is ongoing. However, unlike pre-game betting, live betting odds keep changing during the game due to actions unfolding. So, you must be alert and know what betting market you intend to play, so you don’t miss out.
There are a lot of betting options available during live games. Asides from the regular types of pre-game markets you’d also find in live matches, top live betting sites also provide certain markets like the next goalscorer, team to score the next goal, etc.
A bettor may decide to place a ‘Team A to score next goal’ bet on the Red Devils based on how he reads the game. For instance, let’s look at a Europa game between Manchester United and Barcelona, with the English team leading 1-0 and already in the 63rd minute. He wins the bet if Manchester United scores next to make the score line 2-0. However, the live wager is lost if Barcelona scores to make the scoreline 1-1.
Advantages of Live Betting
With live betting, punters could enjoy some benefits. Let’s briefly highlight a few advantages of this feature;
1. It Aids Your Decision-Making
The main benefit of live betting is that it allows you to make decisions based on the action you see at that moment. For instance, a key player might get injured during a game, affecting the team’s flow. That way, you can react and place a bet as necessary. Since you’re putting on a live game, you’d know what to do, but if it’s pre-game, you can’t make amends to your bet.
2. It Provides Hedging Possibilities
According to a recent study, about half of all female gamers have gambled in the past month, most commonly on activities such as scratchcards, bingo, and the National lottery draw. Women aged 35 to 54 are the most likely to gamble, with the highest proportion at 32%. On the other hand, the younger and older groups show lower levels of involvement.
3. Usually Entertaining
Watching a game live and betting on that game can be fun. Also, you gain more experience and expertise when you place bets constantly while watching the action unfold. That way, you can focus on many things to help you make good predictions.
Disadvantages of Live Betting
Players could encounter bad days with live betting if they fail to approach it cautiously. Let’s briefly highlight a few of the downsides of live betting.
1. Difficult to Formulate a Plan
When betting traditionally, it’s rather simple to stick to a plan, especially when it involves what and how much we wager. With live betting, we have no idea what we’ll be betting on or where the day will lead.
2. Addictive
Live Betting | Tips and Benefits from Live Sports Betting by Tim Harrison|2023 |The Enterprise World
Live betting has a unique feel, pace, and intensity that can be addictive. It’s not the ideal choice for bettors who find it challenging to maintain composure when betting daily, hence losing more money.
3. No Reflection
Live betting does not give room for reflection, resulting in poor choices. You have to immediately decide whether to bet or not, hence, putting a lot of pressure on bettors, and not everyone can thrive in that circumstance.
Live Betting Tips
There are some measures you must put into consideration to excel in live betting. What are they?
1. Develop Your Timing
Timing is a crucial skill for live betting. Keeping an eye on the betting odds is essential because doing so will enable you to take advantage of any good swings. It would help if you also utilized your understanding of the sport to determine when shooting is appropriate.
2. Employ the use of Live Streaming
One of the best ways to enjoy live betting is to see as the game happens. Watching an event unfold rather than merely reading text commentary can offer a much greater understanding of what’s going on and aid your prediction.
3. Use Statistics
Most of these live sports betting websites offer up-to-date statistics of sporting events as they happen. Analyzing statistics for various sports would be quite helpful in your predictions for live betting.