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Richard Miller
Author:
Richard Miller
Last Updated:
July 15, 2021
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This author was thoroughly tested and approved by the experts at BettingBilly.com before joining the editorial board to ensure a high content quality.
Author Bio:
 
Richard was Marketing Manager at a global bookmaker and worked in the enterntainment sector for decades before working his way up in the world of entrepreneurs. His focus areas are mainly in the fields of sports and politics. He has a Science Degree, visited Harvard University and is now our hardworking Editor-in-Chief at BettingBilly.
Richard was Marketing Manager at a global bookmaker and worked in the enterntainment sector for decades before working his way up in the world of entrepreneurs. His focus areas are mainly in the fields of sports and politics. He has a Science Degree, visited Harvard University and is now our hardworking Editor-in-Chief at BettingBilly.

Live Bet Explained in 2021

Do you want to get the most out of your live bets? We have made a research on the best strategies related to live sports betting. These strategies and tips can increase your chances of winning. In this comprehensive guide, you can learn everything about in-play betting and apply that knowledge to your gaming style. Our team of seasoned bettors talks about their experience. Are you looking for some great advice? Let's get rolling.

What is a Live bet?

Live bet is a particular betting type since it becomes available only after the event has started, unlike other wagering types. Historically, you were able to place wagers only before the match starts. However, due to technology improvements, bookmakers wanted to make a much better experience for bettors by allowing them to make additional bets during the game. You can come across terms like in-play or in-running betting, which are the synonyms for live betting. This wagering type provides you the opportunity to feel the action and place your bet accordingly. Even if you backed one team before the match, if things are not going in the right direction, thanks to live bets, you can make a different wager while the game is in course.

You must be wondering how does live betting work? After the event starts, a sportsbook will still offer the odds for that game. These are called live betting odds. A computer algorithm will continuously update them, depending on what happens during the match. For example, if a favorite team concedes early in the game, their odds will rise, although they still have the chance to win the game. In this case, you may get more lucrative odds in comparison to those offered before the kick-off.

Every action during the game can alter the live betting odds. Sometimes, a bookmaker can suspend live bets for a couple of seconds due to a significant change in the event. But don't worry, live wagering will continue right after the sportsbook work out the new odds.

You can make a live sportsbet not only on the winner of the match, but you can also place a live wager on points spread, totals, or even some specials.

Types of Live bet

We have already touched the base about what kinds of live bets you can place, but let's dip into more detail. Live betting types are depending on the particular sports; however, the following ones are the most common.

Traditional moneylines and totals are the standards in live betting. They are also available before the game starts; however, the significant difference is that the odds will change during the match. Live betting odds should be available for you during the entire course of the game.

You can find in-play prop bets as well, including fun props and skill-based prop wagers. If you like wagering on how many goals or points a player will score, then you can find a lot of good value in these bets. If someone is a slow starter, the live odds will likely be more generous at halftime. Why don't you take advantage and boost your potential winnings if you are still positive that a player will beat the margin?

Parlays are also available in live betting. You can add additional bets to the one you made before the match started. Many sportsbooks offer you the possibility to do so, and you can capitalize on your predictions.

Placing a Live bet: Step-by-Step

If you have never placed a live wager before, don't worry, we will guide you through all steps. Making a live bet is as easy as wagering any other betting type. Just follow these simple steps, and you will successfully place your first live bet.

Steps Box Background
  1. Pick an online sportsbook: First thing you need to do is choosing a bookmaker from tons of great options on the market. To make your choice more comfortable, you may dip into online sports betting reviews.
  2. Create and fund your account: After you have chosen a favorite bookmaker, you need to register for an online account. Just follow the instructions on the sportsbook's website, and you'll have it created in seconds. Don't forget to make your first deposit as well.
  3. Make your selection: Now, we are coming to the essence of live betting. Every sportsbook has a dedicated page for in-play betting, to which you can navigate from the main menu. Just click on the live odds, and the bet slip with get populated automatically.
  4. Place a bet: Finally, you just need to enter the stake and hit the Place Bet button. There you go, you can enjoy the match now!
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Usual sports for placing a Live bet

At the time when live betting got introduced, bettors were able to place their in-running wagers only on major sporting events. However, as technology rapidly evolved, you can find in-running bets available for different kinds of sports.

Soccer is probably the most popular sport for live betting. Most of the sportsbooks offer dozens, even hundreds of soccer matches in their in-play offer. The most popular leagues, such as the Premier League or La Liga, are fully covered. You can find a variety of different bets besides the traditional ones, such as the next scorer, number of corners, or other specials.

Football live betting is prevalent among the US bettors, and the live markets are available on every single NFL match. Other popular sports, such as basketball, hockey, baseball, or tennis, are included in in-running offers at many bookmakers. When we are speaking about major competitions, all NBA league events are covered with in-play betting as well. You should be able to find lots of markets for any NBA match. NHL and MLB games are available for live betting as well. Besides these sports, many other less popular ones are available for live wagering, and bettors genuinely have a wide choice.

Examples for Live bet

We have talked a lot about the theory, but let's make a switch to how live bets work in practice. Everything will be much more apparent to you after we go through a winning and losing examples of in-play wagers. You have dived into the live betting offer and found a Premier League clash between Manchester City and Crystal Palace. Before the match, the odds of the final outcome were set as follows.

TeamOdds
Manchester City-300
Draw+310
Crystal Palace+450

Winning example of Live bet

You didn't find a good value in pre-match odds, so you decided to pursue an opportunity after the match starts. Surprisingly, Crystal Palace took an early lead, and after 30 minutes of the game, the odds were much more lucrative.

TeamOdds
Manchester City-170
Draw+250
Crystal Palace+280

Since Manchester City has been dominant, you believe there's still enough time for the hosts to turn around the result. You place a $100 live wager on home win. The Citizens managed to level up and take the lead before the halftime, and the match ended with a 2:1 home win. You win a bet and get more profits in comparison to placing a pre-match wager.

Losing example of Live bet

Since Manchester City turned around the score so quickly, you decide to back them up to score the next goal as well. You place a live wager at the 2:1 score. Despite a lot of chances in front of Crystal Palace's goal, the result remains the same. It means that the hosts didn't manage to score the next goal; therefore, you bet is a losing one.

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Live bet for beginners: How to bet

If you are a newbie in sports betting, there are several tips that you should take into consideration when placing live bets. We are going to state out the most important ones that can help you avoid certain traps and increase the chances of ending up with returns.

  1. Do your pre-game homework: Although if you don't want to place a pre-match wager, it is always beneficial to check teams' form and stats. Get as much information as possible to have a clearer picture of the match you want to bet on.
  2. Watch the entire game: With so many in-play events on offer, you might get carried away and wager on everything that might seem like an excellent opportunity. But don't fall into this trap. Making presumptions just on the stats or live odds can usually drive you to wrong conclusions. If you want to make a live wager on a specific event, make sure that you have the opportunity to watch the game and always be up to date with the entire course of the match.
  3. Set your limits: Another thing that can get you carried away is the possibility to place live bets at any moment. You can make as many in-running wagers as you want. It is essential always to keep your bankroll under control, so you don't run out of money.
  4. Check professional picks: Since there are too many events on offer, it can be very challenging to pick the right ones. However, you can subscribe to Billy's List for free and check out numerous tips made by our professional tipsters.
  5. Get familiar with the live betting interface: Last but not least, you should explore the in-play betting interface before you decide to wager live. Since the odds and numbers are getting updated within seconds, you should always be aware of the bet you are about to place. Getting familiar with the live betting interface will prevent you from making costly mistakes.

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Live bet for professionals: How to bet

If you want to take your live betting skills to a higher level, then you need to check out some professional advice and strategies. Luckily, we will go through some of them and help you adapt them to your wagering style. These strategies can help you get the most out of your in-running wagers.

Professional bettors prefer to start with a pre-match wager. This approach has multiple benefits. By going with a pre-match bet, you likely will spare some time researching team stats and news. On the other point, if something goes wrong during the event itself, thanks to live bets, you can minimize your losses by hedging live bets. In case things are going in the right direction, you can press on live bets and maximize your returns.

During in-play games, even the best bookmakers can make mistakes when setting live odds, and you can capitalize on them. The bookies have much more time to set their perfect lines for pre-match wagers; however, they don't have that luxury with live bets. You can jump on and make some money.

When an underdog has a good start, you should check the lines when you think the favorites can come back. Live odds can be much more generous in these situations in comparison to pre-match lines. Make sure that you watch the game, and if you are positive about the favorite ending with a victory, you should go with that live bet.

Live bet: Try it now at one of the top 5 betting sites

Now that you learned everything about live bets, head to your favorite bookmaker. Create an online account if you have not done this already and put some money on it. Dive into the in-play offer and find the match you're just watching. Place your first live bet, and enjoy the game.

 
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Conclusion: Essential in every bookmaker's offer
Live betting is not just entertaining, but it also became an essential part of any reputable sportsbook. All online bookmakers have a dedicated section for in-play wagering. Many bettors have built up their wagering style based on live betting. If you can feel the momentum of the game, you can capitalize on live bets and increase your returns. With our tips and strategies, you are ready to take your gambling experience to the next level.
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