Betting is completely a game of luck because you have to predict the winner of the match even before the match has started. This can be really difficult because no matter how well you research about the teams, their performances, and their players, not all days are the same. In sports, the consequences and the outcome can change at any minute.
Here, live sports betting comes for your recourse. Now, you do not need to do all the research and play just on your luck. You can place live bets after watching the performances of the teams in the match and analyzing the live betting odds.
Do you want to know more about live betting? Then this article is for you. In this article, we will tell you about live betting, betting odds, live betting sites, and basically everything that you need to know. So, without any further delay, let’s get started.
Understanding Live Sports Betting
In normal or pre-match betting, you have to predict the outcome and place your bet before the match has started. But in live sports betting, you place your bet after the match has started. In normal betting, you make your prediction completely on the basis of past performances of the team. In contrast, live betting allows you to analyze the current performance of the teams playing the match and then place your bet depending on the live betting odds.
Earlier, there was no concept of live betting; people had to place offline bets before the event. But with the emergence of online betting, you can place your bets even after the match has already started. This is why live betting is also known as “in-play betting.”
How Does Live Betting Work?
In live or in-play betting, you have to place your bets after the match has started. Once the match starts, you need to predict the winner, depending on the initial performances of the teams. You get to know the real-time value of the odds. After making your decision, you can go to any of the live betting sites and place your bet.
If you are new to the betting world, then it is better to place live bets instead of pre-match bets. In sports, outcomes can change any and every minute. By analyzing the live betting odds, you can make more accurate predictions than usual.
For example, there is an NFL match between teams A and B, and Team A has a history of better performance and winning matches. But in the current match, Team B is performing better and has more chances of winning. Now, if you had to place a pre-match bet, you would bet your money on Team A. However, with NFL live betting, you can bet your money on Team B because you are getting real-time betting odds, and you know Team B will win.
Is Live Sports Betting Legal?
Yes, live betting is legal. However, we would suggest you to check the legal status of betting in your state before getting involved in betting. Because in the U.S.A., every state has its own online and offline betting laws. While betting is legal under federal law, many states have restricted or completely banned online and offline betting and casinos under their own law. So, all in all, it is better to check the legal status of betting and the betting platform before placing your bets.
How to Place Live Bet? Step By Step Process
Now that you know what is live betting, let’s understand how to place live sports bets. You can follow the steps mentioned below for all kinds of live betting, be it NFL live betting, live golf betting, live horse racing betting, live betting tennis, or any other sports.
1. Select Online Platform
First, you need to select a good and reliable betting platform for live betting. Make sure to consider all the important factors like reliability of the platform, promo codes, welcome bonus, winning money, customer care service, money deposit and withdrawal time, etc. If you want better profit, you can even select 3-4 live betting sites, analyze their live betting odds, and then place the bet on the one that is offering the highest money.
2. Sign Up and Deposit the Minimum Amount
Once you have selected the betting platform, if you are new to betting, then you will need to sign up on that platform. After this, you will need to deposit the minimum amount. This amount varies from platform to platform. You can deposit this money through various modes like credit cards, debit cards, internet banking, fintech apps, etc.
3. Go to Live Betting and Select the Match
Now, you need to open the app and go to the live betting section. There, you will find various ongoing matches and events for live sports betting. You can select the particular match on which you want to place the bet.
4. Analyze Live Betting Odds
After selecting the match, you will get the real-time betting odds. You need to analyze these odds and select the team on which you would like to bet your money.
5. Place Your Bet
Here comes the last step; now that you are ready with your predictions, you just need to move ahead and place your bet. You can even take some time to watch the match and understand it better and then place your bet.
6. Withdraw Money
If you win the bet, then you can withdraw the money. However, some websites might only allow you to withdraw money if you reach a certain limit, and can take up to a week to deposit money in your bank account.
Benefits of Live Sports Betting
In this section, we will tell you about the benefits of live betting. With the help of these factors, you will be able to decide if live betting is for you or not. So now let’s have a look at the benefits.
1. You Have Better Data
In pre-match bets, you have to make predictions on the basis of the previous data, whereas in live betting, you can place your bets completely on the basis of real-time values.
2. Better Predictions
Since you are making predictions on the basis of the current data, you make better predictions and have more chances of winning the bet and making a profit.
3. Helps You Understand Betting
If you are a betting newbie, then live sports bets are perfect for you. With live data, you have more chances of winning, and you get to learn betting and understand how consequences change in a few moments.
4. Time Saving
In pre-match bets, you have to spend a lot of time researching about the performances of teams and players; in live betting, you do not need to spend much time in research. You can analyze the live betting odds as the match is ongoing and place your bet.
5. No Need for In-Depth Knowledge
In live betting, you do not need to have a deep, in-depth of the sports, teams, and players. You can place your bet just by analyzing the live data.
Best Live Betting Sites
In the end, it is time to have a look at the live betting sites. If you are looking for reliable platforms to participate in live betting tennis, live horse racing betting, live golf betting, NFL live betting, etc., then here are the top websites for you, along with their pros and cons.
1. BetMGM
Are you looking for a trustworthy and reliable betting website for live sports betting? If yes, then BetMGM is the right platform for you. They not only allow you to place live bets but also provide you with live updates of the game so that you can change your in-play strategy whenever needed. The best part is, they cover a wide variety of national and international sports events for live betting.
Pros
- Provides live updates of the game.
- High winning odds.
- 24 x 7 live chat customer care support.
- Good for beginners.
Cons
- The interface could be better.
- Requires minimum deposit amount.
2. FanDuel
The next live betting platform on our list is FanDuel. FanDuel not only provides a number of sports for pre-match and live betting, but it also has 65+ casino game options. Moreover, they have high winning odds and provide a good welcome bonus. They also have mobile applications for Android as well as iOS. The user interface is also commendable. All in all, it is one of the best live betting sites.
Pros
- Wide sportsbook.
- High welcome bonus.
- Genuine and trustworthy platform.
- Available in most states.
Cons
- The customer care service can be a bit frustrating.
- The interface can be a bit tough to understand for non-tech people.
3. Caesars Sportsbook
Caesars Sportsbook was recently launched, but within a small amount of time, it has gained a lot of popularity. Now, most bettors seek Caesars Sportsbook for live sports betting because of its wide sportsbook, high winning chances, accurate live betting odds, and great promo codes. Moreover, they have a variety of casino games on their website.
Pros
- Good variety of sports and casino games.
- Best for live betting.
- Provides live streaming of games.
- Certified platform.
Cons
- Customer care service can be improved.
- Requires minimum deposit.
4. DraftKings
The last website on our list is DraftKings. DraftKings is one of the most known and reliable platforms when it comes to online betting and casino games. They come with an amazing interface and have apps for both Android and iOS. Also, with DraftKings, you can place bets on sports like football, cricket, rugby, tennis, basketball, baseball, etc. So, it is one of the best options available in the market.
Pros
- Several sports are there for betting.
- Has 50+ casino games.
- Live chat customer care service is there 24 x 7.
- Reputed platform.
Cons
- The website can be slow at times due to high traffic.
- Takes 3 to 4 days to deposit money into your bank account.
FAQs: Frequently Asked Questions
Q1. What are the benefits of live sports betting?
Here are some of the benefits of live betting:
- There are high chances of winning.
- It’s more exciting and fun.
- You have real-time data to make predictions.
- No need to research.
Q2. Can I place live bets on football?
Yes, you can place live bets on football. However, you need to look for a legal and appropriate platform that allows you to place live bets on football.
Q3. What is live betting?
Live betting means placing the bets on the basis of real-time betting odds. While in pre-match betting, you place bets before the match starts, in live betting, you place bets after the match has started, after analyzing the initial performances of teams.
Conclusion
All in all, live sports betting has revolutionized the betting world. With the help of live betting, now people can make accurate predictions on the basis of real-time values and real-time odds. If you are a betting newbie, then live betting can help you learn the strategies and tricks of betting. Hope this guide was helpful to you. If you have any other queries, then you can reach out to us in the comments section.