Live Betting itself is a fairly new way of sports betting. Before sports betting operators were on the internet, bettors had to place their bets before the game had started. Afterwards, they had to wait to see how it turned out in the end.
Due to the fast and almost immediate reaction times provided by the medium of the internet, bookmakers were able to invent a new type of betting. They could update their odds in real time now. Moreover, bookmakers could provide new betting options to their customers while a game was in progress. The most popular sports for live betting are football, tennis, and basketball.
The bookmakers change their odds often times while an event is going on. If you want to find value in these ultra fast paced games, you will have to be updating a game every few seconds hunting for a bet.
Live betting is very different to the standard pre-game betting. The traditional betting was the only option for punters a few years ago. Live betting can be considered a game on its own. It is similar to real time strategy games like StarCraft or Age of Empires, where players have to adapt to frequently changing scenarios.
Even though many people used to do their research before the game by comparing various statistics, watching the actual event gives you some information you can’t gather from your research and pre-game statistics.
Often times it is very helpful to watch the game you are betting on, before placing your bets. Live betting provides you with the opportunity to quickly adapt to changing situations. Moreover you have the option to back your bets by placing live bets.
There are several sportsbooks and betting exchanges which offer a relatively new feature- the cash out function. By using this option, you get the opportunity to cash out our bet. You even get the opportunity to cash out parts of it before the game has ended. You receive full control over your bets and therefore you will be able to minimize risks and maximize your winnings.
Betfair provides a great Cash Out feature for their users.
You have to keep in mind that the majority of sportsbooks are using computers to set their odds. The computer is gathering its information and setting up odds by compiling statistics from the past.
While this way is obviously proven to be successful, there are some instances where a computer system cannot fully be aware of what is called “momentum”.
Some punters have the ability to read a game and predict a change of atmosphere, which is going to lead to an unexpected result. By following live events you will be able to become more experienced in how live betting works and eventually generate profit by doing so.
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