What is Live Betting? Sports Betting Terms Explained

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Live betting, also known as in-play betting, allows bettors to place wagers on a sporting event while it is actively taking place. Unlike traditional betting, where bets are placed before a game begins, live betting lets you react to the action as it unfolds. This real-time betting experience adds an exciting layer to sports wagering, as odds continuously shift based on what’s happening in the game. In this article, we’ll explain how live betting works, the types of bets available, and how it can enhance your overall betting experience.

What is Live Betting

How Live Betting Works

Live betting operates differently from pre-game wagering. Once the game begins, sportsbooks update odds based on the current state of play. For example, if a team is leading, their odds to win might decrease, while the odds for the trailing team may increase. These changes in odds happen rapidly as the game progresses, and bettors can place wagers on a variety of outcomes as the action continues.

Live betting markets are available for many sports, including football, basketball, hockey, soccer, and tennis. Most major sportsbooks offer live betting options, allowing fans to engage with the game in real time.

Types of Live Bets

Live betting offers a wide range of bet types, many of which are similar to pre-game wagers but with the added excitement of changing odds. Here are some of the most common live bet types:

1. Moneyline Bets

A moneyline bet in live betting allows you to wager on which team will win the game while it’s still in progress. The odds change constantly based on the current score and game momentum. For example, if a football team is leading by 10 points, their moneyline odds may shorten, while the trailing team will have longer odds.

2. Point Spread Bets

In live point spread betting, the sportsbook adjusts the spread as the game progresses. You can bet on a team to cover a new point spread based on the current score. For instance, if a basketball team that was favored by -6 before the game falls behind, the spread might shift to +2 during the game, offering a new opportunity to bet.

3. Totals (Over/Under) Bets

A totals bet (over/under) involves betting on the total number of points, goals, or runs scored during the game. In live betting, the sportsbook adjusts the total based on the score at that point in the game. For example, if a soccer match starts with two quick goals, the total might increase from 2.5 to 3.5 goals, giving you the option to bet on whether the final score will go over or under the new total.

4. Next Play or Score Bets

Live betting often includes more specific wagers, such as next play or next score bets. These allow you to bet on what will happen next in the game. For example:

  • In football, you could bet on whether the next play will be a run or pass.
  • In basketball, you might wager on which team will score the next basket.
  • In tennis, you can bet on which player will win the next point or game.

These types of bets offer quick action and instant outcomes, adding excitement to every moment of the game.

5. Player Prop Bets

Player prop bets in live betting allow you to wager on individual player performances as the game progresses. For example, you might bet on how many points a basketball player will score by the end of the game or whether a soccer player will score the next goal. Player prop bets offer a chance to focus on individual performances rather than the game’s overall outcome.

6. Live Parlays

In a live parlay, you can combine multiple live bets into one wager. Each selection in your parlay must win for the parlay to pay out. Live parlays can include a combination of moneyline, point spread, totals, or prop bets, all placed during the game. While live parlays offer the potential for higher payouts, they come with increased risk since all bets must be successful.

Why Live Betting Is Popular

Live betting has become increasingly popular due to its fast-paced nature and the ability to engage with a game in real time. Here are some reasons why bettors enjoy live betting:

  • Real-Time Action: Live betting allows you to react to the game as it unfolds. If a team starts off slow but you believe they will make a comeback, live betting lets you capitalize on shifting odds.
  • Dynamic Odds: The odds in live betting are constantly changing, giving bettors the chance to find value as the game progresses. These fluctuations can create opportunities for bettors to take advantage of favorable odds.
  • Increased Engagement: Live betting keeps you actively involved in the game from start to finish. Every play, score, or foul could present a new betting opportunity, making the experience more exciting.
  • Betting on the Flow of the Game: Sometimes, pre-game analysis may not match the reality of how a game unfolds. Live betting allows you to adjust your wagers based on the momentum and flow of the game.

Sports Available for Live Betting

Live betting is available for a wide range of sports. Here are some of the most popular sports for live betting:

  • Football (NFL and College): Bettors can place wagers on the next touchdown, point spread, or even individual player props as the game progresses.
  • Basketball (NBA and College): Live betting offers fast action, with opportunities to bet on every quarter, point spread adjustments, and next scoring plays.
  • Soccer: With frequent scoring opportunities, live betting on soccer includes options like next goal scorer, over/under on goals, and which team will win the half.
  • Tennis: Live betting in tennis allows you to wager on each set, game, or point, creating a thrilling betting experience for every serve.
  • Baseball: In-play baseball bets might focus on the next inning’s runs, total game runs, or even individual player performances.

Conclusion: The Thrill of Live Betting

Live betting adds an exciting dimension to sports wagering by allowing bettors to place wagers as the game unfolds. With constantly shifting odds, a variety of bet types, and the opportunity to react to in-game developments, live betting keeps you engaged throughout the event. Whether you’re betting on football, basketball, or tennis, live betting offers a dynamic and thrilling way to interact with your favorite sports.

Looking for more information about the best sportsbooks offers? Go to our list of the top sportsbook promotions in your state.

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Griffin Ulsh
Griffin Ulsh, a Journalism and Communications graduate from the University of Oregon, is the Customer Experience (CX) Manager at BettingHero.com. With a year at BH, Griffin transitioned from recruiting and sales in the book printing industry to customer experience with Betting Hero. He loves following college football and the NBA and enjoys digging into stats and insights for all sports to find stories to tell.