Live betting, also known as in-play betting, is one of the more popular wager type that you can see in a sportsbook. This type of wager came about when online sports betting started, since the tech industry now provides bookies with the technology to easily process live betting. So, let’s talk about what exactly is live betting, and find out how a bookie can earn more with live betting.
Live betting is exactly as it is called- these are wagers that you will see in an online bookie software for betting during the game or event itself. In a traditional wager, your players will bet on odds that are determined prior to the start of the game. With live betting, if there are changes, then sportsbooks will post new odds for players to bet on. For example, we have Team A as the favorite for the game. But during the first quarter, Team B has been scoring more. The odds in live betting will now change to reflect this. Now, Team A can still win the game, but live betting gives your players more betting options to place.
A Bookie Can Earn More with Live Betting
This translates to potentially more revenue for your sportsbook, since you will be getting more wagers from your players. This makes sports betting truly more exciting for your players are well. Of course, not all sportsbooks are able to offer good live betting odds. Which means you will definitely have an advantage over other sportsbooks if you use a good bookie pay per head software.
When you go over the steps to become a bookie, you will be taught to always stay updated about the latest news in sports. This will be especially true for live betting. Since new odds pop up during the game, you have to keep track of the games as they happen. While it may seem more time consuming, it will be worth your time as live bets are some of the most popular wagers in sportsbooks nowadays.
More About Live Betting
Live betting pretty much covers a lot of sports and events. But some of the most popular are with football, basketball, soccer, baseball, hockey and a few other sports. You can also find a lot of live betting options for college sports during the season.
As for the specific wagers you can offer for live betting, it is pretty much standard. You have moneyline wagers, totals, point spread, and player prop bets. There will be wagers on spreads and totals on the first quarter, or the first half of the game. In addition, you can also find wagers specific to the sport, such as strikeouts, the puck line, and even the next point winner in a tennis match.