In the past decade, live betting has become more popular than pre-match bets.
Which isn’t that surprising, considering it offers more excitement than the usual way of placing bets.
It changed the way bettors bet on their favorite sports, while bringing some fresh markets to the table.
Due to the real-time nature of live football betting, the odds are dynamic.
They’re constantly updated, with rapidly changing prices depending on what happens on the field.
We’ll cover more about the live football betting and talk more about the specifics of live odds.
Understanding Live Betting
In-play betting has completely changed the nature of gambling.
For example, it has changed the ways bettors can bet.
Compared to pre-match markets, in-play markets allow you to bet on football odds after a match begins.
With live bets, you’re betting on live markets that change constantly depending on what happens on the pitch.
This has opened up many new markets for bettors.
Now, you can bet on things such as the halftime score, or who scores the next goal.
You can also bet on which player gets the next goal, yellow, or red card.
How Do Live Football Odds Work?
Live odds are not fixed as pre-match odds.
They change constantly, going up or down according to the match’s course.
So, for example, the odds at the beginning of the match for the underdog such as Leganes against FC Barcelona can go further up if the team finds itself in trouble early, or down if it scores a surprising goal against a favorite and takes the lead.
The dynamic odds in live football betting represent much better value than pre-match odds.
Bettors watching the event live can track progress of how the match goes and make more accurate bets.
Even if they don’t like the odds for a particular betting event when the match starts, that can change during the match, possibly offering better value.
Pros And Cons Of Live Football Betting
There are several advantages and disadvantages of live football betting.
Due to the dynamically changing odds and the nature of the bets, some might offer guaranteed returns.
To benefit from the fluctuating odds, you’ll have to employ a hedging strategy. This involves backing both sides on a money line at specific odds, thus guaranteeing profits.
While pre-event bets can take days to settle, live betting has a much faster turnaround.
For example, if you back the next player to score, you can win money immediately.
Plus, you’re not limited to betting on one such event, meaning you can bet on similar markets and get paid on all of them.
On the negative side, the odds can be a bit volatile with live betting.
It’s also difficult to plan your bets with these markets, as the unstructured nature of live betting can throw everything out of the window.
Disclaimer:
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