Michael Tradford
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Michael Tradford
Last Update:
November 15, 2020
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This author was thoroughly tested and approved by the experts at AmericaGambles.com before joining the editorial board to ensure a high content quality.
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Michael was Marketing Director in Atlantic City and worked in the casino industry for several years before shifting over to numerous newspapers in New York and Chicago working his way up to Editor-in-Chief. His focus areas are mainly in the fields of sports, gambling, and politics. He has a Marketing Degree, visited Columbia University during his time in New York and is now Editor-in-Chief at AmericaGambles.
Michael was Marketing Director in Atlantic City and worked in the casino industry for several years before shifting over to numerous newspapers in New York and Chicago working his way up to Editor-in-Chief. His focus areas are mainly in the fields of sports, gambling, and politics. He has a Marketing Degree, visited Columbia University during his time in New York and is now Editor-in-Chief at AmericaGambles.

Live Bet 2020: Strategy, Tips & Top Betting Sites

One of the most popular forms of sports gambling today is the live bet, which really only started to take hold when the rise of gambling on the internet blew up. The ability to bet live sportsbet fans love, thanks to the fact that this type of wagering is both responsive to what is going on out on the field, but also because it responds to the ways that bettors wager on the action the way that a traditional bet would. In this guide to live betting, have live betting explained thoroughly, with live bet tips to help bettors nail down their in-play wagers with ease.

Some facts you should know about Live Bet
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  • Bettors can wager on games as they happen

  • Odds are updated as things play out on the field

  • Great chance to find value in betting lines

What is a live bet?

Live betting is a way for bettors to get their wagers in even after a game has started. It has quickly become one of, if not the most, popular forms of betting due to the fact that everything that is happening in live betting is constantly updated to reflect what is going on in real time. This is something that was not possible when betting was first invented, but the continued improvements in technology and the internet laid the foundation for bettors to be able to wager on things as they happen with numbers that conform to the action on the field.

How does a live bet?

The way live betting works is incredibly interesting, in that it never stops working. Bettors can go to a sportsbook and see live betting odds being updated constantly for a wide array of sporting events in different sports. They are updated based on the results that are unfolding in those events. So if a tennis player was favored over their opponent heading into a match, and they go up by two sets, they will be an even heavier favorite when it comes to their live betting figures. Conversely, if an underdog goes ahead in a sporting event, live betting action might see the odds come close to evening out if the underdog doesn't become the flat out favorite.

In order to learn how to place a live bet, a bettor first has to make sure that their bookmaker offers live betting as many live betting sites do. Once they have verified that, they can go to the live betting section of their book and look for the matchup they are interested in. Usually, the live betting offerings on a site are separated out by sport and then by league. From there, bettors must look through the list of available betting markets in order to find the one they want to wager on. This is one of the fun things about live betting, as there are often exciting betting markets that aren't available through pre-match markets. In baseball, for example, being able to bet on the outcome of each individual at-bat makes the live betting experience truly unique and exciting.

After selecting a betting market, a bettor can lock in their bet by selecting a risk amount. Bettors should keep in mind that this is something that should be done quickly, as live betting lines can move in a hurry depending on the tempo of the sport being wagered on. But aside from the movement of lines, live betting is often easy. More importantly, it is exciting and breathes new life into betting on sports.

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Advantages of live betting

When it comes to positives for In-game betting, at the top of the list is the fact that there are so many different bet types to choose from. Bettors can elect to go with classic markets such as moneyline wagers, or they can roll with the more fun options such as which team will get the next corner kick in soccer live betting. And being able to cash across this wide range of betting markets makes for a fun and interesting time no matter what is being bet on.

Also working in the favor of live betting is the fact that live betting never has to stop. Thanks to all of the sporting events that take place around the world, bettors can enjoy live betting virtually around the clock depending on which sports are being contested during that part of the year. If a bettor can continue to exercise strong bankroll management skills, they are likely to do very well with all of the options that are continuously available to them.

Drawbacks to live betting

Perhaps the biggest drawback to live betting is the fact that it is more or less reserved for single bet action. Instead of being used across parlay bets or anything like that, the spontaneous nature of live betting services combined with the fact that everything is so time sensitive sees terms and conditions that usually do not allow for parlay betting to take place.

Also working against live betting is the fact that some bettors may not know when it is time to slow down. Live betting is often a perfect avenue for some chase wagering, where bettors attempt to cover a loss by going back and placing an additional bet in their casino or sportsbook of choice. Slowing down and taking a deep breath is always a good idea, but it is an especially good idea when the alternative is someone putting down too many live bets too enthusiastically and risking their bankroll by chasing after what they had done previously on football, tennis, or any other live bet option.

Example of live betting

For this example, we will go through live betting on an esports or competitive gaming match. After a first map win, Team A leads Team B 1-0. Team A was the underdog to start the event, but the opening map has put the two teams at even at -110. That means that a bet on either team would require a wager of $110 to win $100. Given that Team B was favored to start this example esports match, there is some value in this line compared to the line that was available before the match started. Therefore, we are going to wager on Team B at -110 odds to win the game.

If Team B ends up winning the game, our bet is a win and we were able to secure a profit at a betting line that was much more favorable than what was available before the game started. If Team A wins, then our bet is a loss, and we lose our funds for that contest. And if the game ends up in a tie, the bet is graded as a push, and our funds are returned as they were before the bet was placed.

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Live betting strategy

In terms of live betting strategy, what exactly a bettor’s strategy should be depends on the sport that they are betting on. Live betting NBA action should be treated differently than live football betting or live esports gaming action, for example. But overall, one of the best strategies for live betting overall is the idea that bettors should go against what is happening in the game they are watching. If a team goes on a scoring run, for example, betting strategy usually advises bettors to go against that team. This is because the live betting odds for those teams are usually overvalued thanks in large part to the fact that the betting public typically jumps on teams that get off to a good start.

Another typically strong piece of moneyline bet strategy is the fact that bettors should try and get the best line that they can for a team that started out as a moneyline favorite. To do this, a bettor has to see that favorite either fall behind or have something else happen to where they are considered less of a favorite than they were going into a match. That sort of shopping around for betting lines is a staple to this kind of gaming. Here are a couple of other items to remember from a strategic standpoint.

  • Don’t use in-game markets to cover pre-match losses
  • Continue to look for value in the odds presented
  • Remember that computers may not account for momentum in their markets

Compare sportsbooks to pick the right one for you

Now that you have a strong understanding of the live wagering and how it works, it is time to put that knowledge to the test. You can do so by heading over to a sportsbook and placing some live betting wagers. And if you are still looking for an online sportsbook, you can head over to our sportsbook comparison tool. This tool help bettors figure out the best betting site for them, by allowing them to look at criteria like bonus offerings and other wagering markets. Without it, you might end up stuck at a bookmaker you aren’t all that fond of. Don’t let that happen, use our comparison tool now!

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100%
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Min. Odds: N/A
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Min. Odds: -200
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Min. Odds: -200
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94%
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Min. Odds: -200

Conclusion

As fun as sports betting gets
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Overall, the live bet is one of the coolest innovations in all of sports wagering. Bettors can use it to their advantage to take on all kinds of fun and inventive markets and can do so with odds that update in real time as soon as anything interesting happens in the games that they are watching. As this type of wagering continues to evolve, it will be exciting to see just what kind of creative markets will be invented and improved upon going forward.
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