A Beginner’s Guide to Live Betting

Posted by Guest Post on March 13th, 2024

Live betting allows bettors to place wagers while the game is in progress. This enables bettors to follow the action and adjust their bets accordingly. This includes activities such as predicting the next score in a basketball game or tracking real-time statistics as they are revealed.

Live betting markets are very dynamic. Sportsbooks adjust odds in real time based on game developments, generally done with the help of algorithms. For instance, in NFL betting, odds may change as a team approaches the opponent's end zone. Check out bk8 if you want to get into live betting right away!

Benefits of Live Betting

Live betting is a very exciting and entertaining experience. It has the following benefits:

1. Bettors make the best use of changing odds to find value in the market.
2. You can win money in real time before the game concludes.
3. You can utilize your sports knowledge to make smart decisions while watching the game.
4. Bettors can access amazing bonuses like free live bets.

Drawbacks of Live Betting

Although live betting offers an amazing experience and is very popular, it has some drawbacks that you must know before you get into it:

1. The availability of live sports betting varies; not all sports or games may offer live betting options.
2. Some platforms may not have live streams or game trackers which limits access to real-time stats and odds.
3. Certain mobile apps may not provide all in-game betting markets compared to desktop versions.
4. Real-time odds may be less favorable compared to pre-game odds.

How to Understand Live Odds?

Understanding live odds online is straightforward, even for those unfamiliar with sportsbooks. Let us use the example of a Grand Slam tennis match to explain how live betting works.

Suppose Serena Williams faces off against Simone Halep in the US Open, with an online bookmaker offering various in-game betting options. In the beginning, the moneyline starts at -110 for Williams and +110 for Halep. However, if Halep takes a lead in sets, the live odds shift in real-time to favor Halep at -110 and Williams at +110. In addition to this, you can place "fast market" bets on immediate outcomes like the next point or game winner. If you lack access to live streams, match trackers provide graphical representations of the game which display key stats like serve percentage and points won.

It is crucial to understand that live odds change continuously. If you have placed a bet and the odds change, your bet slip will indicate the change, informing you of the current situation. Some markets may close temporarily, such as when a point winner is determined. In such cases, there might be a brief delay in your bet placement.

How are Live Odds Determined?

Live betting odds adjust in real-time to reflect the current situation in the game. Odds compilers update prices based on scores and live stats. Many online sportsbooks use computer algorithms to automate this process. For instance, if a soccer team scores numerous shots on goal, odds for markets like the next goal scorer or team to win will adjust accordingly.

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