Live Betting: Pros and Cons
definitely has its positives and negatives. Let's take a look at some of them.
Ė Live betting is
fun and is a great method of hedging poorly executed pregame bets.
Ė Betting in-game
can be tricky for some bettors that find it too fast.
Betting - Is it Good or Bad?
Itís the hottest
trend in sports betting right now. Live betting, also referred to as in-game or
in-play betting, offers the ability to wager on a game that is already in
progress. And it is all the rage.
Like anything on the
cutting edge, live betting has its pros and cons, its advantages and
disadvantages. There are some things that will make bettors love live betting.
There are others that will make a bettor pull his hair out.
Itís all a matter of
perspective. If you have yet to place a live bet, you might want to see what
all the fuss is. Be prepared though for the good and the bad.
The Fun & Excitement
Betting on sports is
fun and exciting. Betting on a game while it is being played is like fun and
excitement on steroids!
Nothing beats the
anticipation of watching your bet play out in real time. The fun only magnifies
when you win. In-game wagers take sports betting to a whole new level.
MUST READ: BETTING MLB ALTERNATE LINES
Itís Too Fast
betting works like this. Betting odds will usually change whenever there is a
stoppage of play. That can be fairly often in an NBA or NHL game. The same for
an NFL or college football game.
of college football, we wrote a great article recently. It was an inside look at the 2022 college
Go get ready! Itís just around the corner.
some bettors, the odds and lines updates are just too fast. They donít have
time to process what has happened and make a good betting decision.
bettors have to be ready to pull the trigger quickly. That can put a lot of
pressure on a bettor and some will find it to be too much.
Pro: More Information for Live
Before a game starts, there is only
speculation. Once it starts, the bettor has real-time information on how a team
is playing. The bettor can see how the home team feeds off of the crowd or how
the road team is having difficulties because of the crowd.
Bettors can use this live feedback to make a better betting decision.
Oftentimes, live wagers will make an average bettor seem like a genius.
Con: No Planning
For bettors that like to plan, there
really isnít any of that when it comes to live bets. When placing conventional bets,
itís easy to develop a plan and stick to it.
With live bets, bettors donít know what
is going to happen next. In-play betting is more of a wide open free for all in
There are bettors that donít like to work
that way. They would rather have their plan and stick to it.
Pro: Soft Live Betting Market
If you have ever wondered why the limits
for live bets are lower than conventional bets, itís because your global
sportsbook doesn't spend as much time with the live markets.
Sportsbooks spend their time focusing on
the markets where they make the most money. Those happen to be the traditional
moneyline, point spread, and totals markets. These bets are more popular and
therefore command more attention from oddsmakers.
The live betting markets are softer which
opens the door for bettors that are able to take advantage of some strong value
This could be a good thingÖas long as
youíre winning. Live betting is so much fun and offers so much excitement that
it can become addicting.
For most though, itís not a good thing.
Bettors need to understand where live betting fits into their overall betting
strategy. Like anything, itís fine in moderation.
Pro: Perfect for Hedging
There is simply no better way to hedge
bets than with live betting. There are times when bettors make a bad pregame
choice. In-game betting allows a bettor to hedge against a loss.
There are many great examples of hedging,
but the 2018 AFC title game offers one of the best. Go look at our sports scores.
The Kansas City Chiefs were a 3-point
home favorite over New England. The Patriots scored near the end of the first
half to take a 14-0 lead.
The pregame line flipped all the way from
the Chiefs -3 to the Chiefs +6.5. The smart bettor jumped on this line and
hedged that pre-game bet with one on the Chiefs at +6.5. Surely, KC was going
to make a game of this.
The Chiefs did come back only to lose in
overtime 37-31. The pregame bet lost, but the live bet was a winner. At the
very least, the bettor was able to minimize his losses with the in-game wager.