What Is Live Betting and How Does It Work?

The world of online betting has been around for quite a while. Year after year, it managed to push back betting in shops and become the new fan favourite. However, as more and more online bookies piled up on the market, it kind of lost its charm. That’s until live sports betting appeared. Offering a fresh take on sports betting and a new level of entertainment, it aims to replace traditional betting in the future.

In short, this type of bet puts you in the heart of the action. Instead of wagering on fixed odds, you’re placing bets on matches that are currently in play. Also called in-play betting, it is available at almost any bookmaker and can be done on desktop and mobile devices as well. Ever since it was invented, live in play betting literally exploded resulting in an army of fans. Many online bookies usually pair it with live streaming that takes the experience to a whole new level. It goes without saying that this type of bet usually comes with detailed live statistics in tow which give you another angle at all the action and can help you win big.

How Does Live Betting Work?

In the past, we were only able to make bets before the start of a match. There’s no question that it is exciting, but what if we could wager on a match while it’s in-play? That’s where live betting comes in. A special type of bet that allows you to wager on a match currently in play, it’s essentially online betting 2.0 and a true IT marvel you won’t get in betting shops.

From a technological standpoint, it’s more difficult to run a live betting platform than a pre-match betting platform. This is the reason why most online bookies don’t offer in-play bets on the whole range of sports. Apart from that, everything else is just the same. You get loads of live betting tips and can claim a special bonus at any betting site that can be used on live matches only.

Don’t be confused if you’re new to the ‘game’. You can place live bets with ease – you just must have your fingers ready.

What Sports Can I Bet Live On?

In-play betting isn’t that different in terms of sports when compared to traditional betting. You can place wagers on football, basketball, tennis, volleyball, eSports, and plenty of other events. Here are some of the sports most suitable for this type of betting:

  • Football
  • Tennis
  • Basketball
  • Hockey
  • American football
  • Baseball
  • Cricket

Those are not the only sports available for in-play online betting. Tennis and soccer are especially suitable for in-play betting since changes occur quickly and you can benefit from it. You need to keep in mind that the odds for any match or event will change constantly depending on the action. This can be quite beneficial for you as a punter, but rushing things can also lead to numerous mistakes.

If you ask experts, this is one of the biggest reasons why live betting is meant for pros, not new punters. However, it doesn’t mean that you can’t learn how to bet in-play online. Place your bets at a site such as Lollybet and you will also get expert live betting predictions that will help you identify the most valuable odds.

Types of In-Play Bets

The types of in-play odds you get very greatly depending on the bookie. Some will stick to traditional bets while others will experiment with individual and team bets. Here’s what you can expect:

  • ·       Traditional bets
  • ·       Parlays
  • ·       Prop bets
  • ·       Team bets (such as next team to score)
  • ·       Individual bets (next player to score)
  • ·       Etc.

As you can see for yourself, in-play bets don’t differ much from their fixed counterparts. As a matter of fact, anyone who has ever wagered online will get a hold of in-play bets pretty quickly. You just have to be aware that they change pretty often, so if you plan to bet, you should do it quickly.

On the plus side, any reliable online bookmaker should have a guide to in-play wagering so you shouldn’t be in the blind about it.

Can I Earn an In-Play Betting Bonus?

Yes, you can. Many web-based sportsbooks offer a bonus you can use on live matches and see what the fuss is all about yourself. It usually comes in the form of a free bet or a deposit bonus. If you come across such a bookie, it goes without saying that you should claim it. As soon as you register, go to live betting section and see if there’s a promo to earn.

How to Win at Live Betting?

If you want to be a successful punter at in-play betting, you’ll first need to pick a reputable bookie. Not all sports betting sites are equal, so make sure to check for a bookmaker’s license and safety and security measure used before signing up. The odds and types of markets play a huge role as well. You should never settle for a bookie with a subpar in-play betting offer and low odds. Always aim for reputable betting sites that will give you the best return for your wagers.

The good news is that Lollybet fits the profile of a reliable bookie and has the best live odds in the industry.

Live Betting Tips & Predictions

If this is your first time betting on live matches, make sure to check out the live betting tips & predictions. Often compiled by betting veterans and experts, reading them should give you a clear idea of what you should bet on.Live betting predictions are usually available right below the match preview. General tips & predictions on tournaments and sports can be found directly below the in-play section. They will give you great insight into the matches you want to bet on and improve your skills at the same time. Read them regularly and you will no doubt master in-play betting. Once you do, you will surely start winning a lot more often.