Live betting is one of the most popular forms of wagering. In this format, you are allowed to bet while an event is taking place – rather than bets being closed when an event begins. During the event, prices and odds fluctuate based on the performance of the team, athlete or contestant. In this way, you can take advantage of a contestant’s advantage or predict individual occurrences during a single wagering cycle.
On some of the best live betting sites, you can even make a significant profit by selling off previously purchased wagers later in the event – similar in some ways to how the stock market works. Live betting is sometimes referred to as interactive betting, or in-running betting.
Best Live Betting Sites
One of the top live sportsbooks is Bovada, previously known as Bodog. For live American football betting, Bovada offers play by play proposition bets such as whether a team will acquire a first down on the series or what the outcome of their drive will be.
Straight live bets also fluctuate at Bodog to give you more opportunities for bets that are easier to understand. The software at Bovada Sportsbook allows for live betting with colored arrows (green for when the odds are going up, red for when they are going down) and large buttons for ease of use.
Bwin offers a large variety of proposition wagers such as action bets on how further goals will be scored and updated handicap bets throughout the game. Bwin is also one of the few places to wager that allows live betting on over and unders during soccer games. Another popular feature at Bwin is the ability to combine live bets on multiple games or even multiple sports to form complicated but lucrative parlays.
Strategy and Tips
Of course, one of the most effective strategies is to make sure that you are actually viewing the game on which you are betting. It is very difficult to rely on the updated odds alone. Some of these websdites actually stream games to make this easier for you.
One of the most effective strategies is to stick with simple wagers that, although not quite as lucrative as other types of bets, can be easier to predict when viewing the game live.
For example, over/under wagers on events such as American football and soccer can be organized and handled easily. You can use the first half of the game to predict the intensity of play in the second half.
If a strong team known for aggressive play in the late stages of a game is down before the end of the first half, it can be a smart choice to predict that they will make some sort of comeback to meet your over/under wager, for example. It is also much easier to keep track of a single game, even if you have a parlay bet going live in that event, than it is to attempt to manage several different games or sports at the same time.