Live Betting and How to Make Money with It
Live Betting and How to Make Money with It
Did you know placing a real money wager is now possible after an event has started? This is all thanks to what is otherwise known as live betting or in-play betting. Before live betting was ever a thing, it was all about ‘pre-match’ betting, where you had to place a bet before the event started and then would have to wait for the event to finish to see if it was successful.
Sometimes you will find that an event goes the opposite way you thought it would within the first five minutes of it starting. Now, thanks to live betting services, you can cut your losses on any pre-match bets you placed, and place live bets that are more likely to return you a profit as the action unfolds. Take a closer look at live betting right here.
A closer look at the difference between pre-match betting and live betting
Let’s say that you’re looking to place a wager on an upcoming T20 Big Bash League cricket match between the Sydney Sixers and Brisbane Heat. Before the game starts, the odds might be in favour of the Sydney Sixers to beat Brisbane Heat and win the game outright.
Sydney Sixers might be priced at 1.64 in European decimal odds (which equates to 0.64/1 in UK fractional odds and -156 in American/money line odds), and Brisbane Heat might be priced at 2.25 (which is 1.25/1 or 125).
It means that Sydney Sixers have a 61% implied probability rate of winning, compared to Brisbane Heat’s 44.4% implied probability rate. With pre-match betting, these odds will usually stay fixed and are unlikely to change a great deal in the days leading up to the event. You will also find that most other reputable betting sites will have similar odds.
With live betting/in-play betting, these outright odds and any other betting market odds will continue to change throughout the game to correspond with how the game is going. For example, within half an hour or so, it might be clear that Brisbane Heat are playing well and Sydney Sixers are having a shocking game.
Therefore, the live betting odds would change to reflect this. Prices/odds will constantly change as the action unfolds, which gives bettors more of a chance of returning a profit, but it all depends on exactly how much cash you are willing to put down. Live betting is a fantastic new way to bet, and it’s proving to be extremely popular, not just in cricket but in all other sports where live betting is available.
Bet on live cricket India or any other sport today at 10CRIC, and don’t forget that you can find a wide range of live betting markets with competitive odds. Let’s take another quick look at how live betting works using the English football Premier League as an example.
Before the game starts, you might have put your pre-match betting money on Manchester City to beat rivals Manchester United outright, but within the first five minutes, Manchester United might be three goals up, which means you have probably lost your bet.
Thanks to live betting, you can try and recoup your losses by placing additional bets that can potentially return you a small profit.
Also Read: 4 Best TV-Shows To Feature Gambling
Things to remember when live betting
Some of the most important things to remember when live betting on the IPL or any other league/sporting event from around the world are the following:
- You must be at least 18 years old to place a real money wager
- You first need to sign up to a reputable, fully licensed sports betting site, such as 10CRIC, before you can gamble for real money
- Always remember to gamble responsibly, which means sticking to your budget and never chasing your losses
- Live betting is more flexible than pre-match betting
- Never gamble out of necessity
- Understand the odds and the different betting markets
- Carry out your own research into a sporting event and the teams/players before betting
- Place strategic bets with realistic odds that are more likely to win
- Learn the different sports betting terminology
- Remember to withdraw your winnings from time to time
How to make money with live betting?
Live betting enables you to watch in real-time as the odds change, and it can help you place more strategic bets. However, this means that you need to be logged into your sports betting account as the action unfolds. Being logged in means that you can quickly place a bet when the price is right.
You can also make even more informed betting choices by actually watching the game you are betting on rather than just waiting to see the odds change at your chosen sports betting site.
For example, you might have placed a pre-match bet on Manchester City to beat Manchester United, but after watching the game for less than ten minutes, you may wish you had put your money on Manchester United instead. With live betting, it’s now possible. You can place that new bet.
Without live betting services, you would often have to rely on your pre-match bet, which could be lost within just minutes of the event starting. There’s no proven formula to make money with live betting, but live betting can certainly help you lose fewer bets, and it’s much better than pre-match betting.
Also Read: Crickex India Apps Review
What sports can I place a live bet on?
You can place a live bet on almost any sporting event from around the world, but for obvious reasons, you can only place a live bet while the action is unfolding. Therefore, to place a live bet, you need to visit the ‘live betting’ section at trusted sites, such as 10Cric, to find out which events are live/in-play.
Some of the most popular sports you can place a live bet on include the following:
- Table Tennis
- Ice Hockey
Apart from the sports mentioned above, there are many other sports you can place a wager on throughout the day at today’s most trusted sports betting sites. Examples include UFC/MMA, Golf, Motor Racing/Formula One, Rugby League/Rugby Union, Boxing, eSports, Snooker, Darts, Kabaddi, Cycling, Aussie Rules, NFL, NHL, and American Football, to name just a few.