June 27th, 2013 by Josh
Live betting has not been available for very long. Most online sportsbooks have added it within the last couple of years. A lot of sports bettors wonder what live or in-play betting is when they first see the option. Most sports bets are placed before the game or event starts. Sportsbooks with the live betting option enable users to place a wager while the game is in progress. The things that you wager on are a little different from regular sports bets. I will provide some examples in this post. I will also include some live betting tips. I don’t claim to be an expert on sports betting but I do pretty well betting as a hobby. For more detailed advice and tips you can visit onlinebettingsites.com or one of the other sports betting guides online. I will start off with an explanation for what live or in-play betting is and how it works.
Many online sportsbooks have developed special betting options and platforms for live betting. I will use an example from Bovada. They are currently offering in-play action on MLB baseball games that in running right now. Here are some of the bets available:
In-play betting is extremely fast-paced. There will be new betting options ever few minutes. This is the only type of sports betting that allows you to place a bet on an event that lasts so short of a time. The live betting platform at most sports betting sites is quite different from the standard betting platform. There are some hazards to live betting that I will cover in my tips section below. Here is a screenshot from the live betting platform I used in my example.
Live betting is to regular sports betting as live poker is to online poker. Not all sports bettors do well with this kind of turbo betting. Not all live wagers conclude as quickly as the next at bat but in general you will be placing bets that will be won or lost in minutes. It certainly takes some time to get used to. When someone places a regular bet, like on the outcome of a game, they can spend as much time as they want researching the teams. They even have time to search for better lines at different sports books. This is not possible for in-play wagering. My best live betting tip is to start off small. I tell new online casino gamblers and poker players the same thing. You may be able to play 30-40 hands of Blackjack or Holdem at a brick and mortar casino but when you play online it can easily be 500 and 150 hands per hour, respectively. Novices to live betting have to adapt to the same thing.
It can be difficult to find profitable lines with in-play betting. I don’t think that any betting tips sites can tell you if a player is going to get a Double at his next at bat. You also do not have much time to look at batting averages. I suppose you could keep statistics in front of you for quick reference but in the end I think that you will have to look at the lines, consider the wager and go with your gut instinct.
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