By Betting Buzz
Like everything else in our tech-driven universe, the world of sports betting has dramatically evolved during the last 20 years.
Great example: Now gamblers can enjoy the thrill of live (or in-play) betting from almost any location. Essentially, this form of gambling allows bettors to wager on a sporting event in real time — while it’s being played.
Gone are the days where you bet on an outcome and had to wait it out.
Advantages of live betting
Bettors can now assess the flow of a live game before placing a wager. One team gets off to a rocky start? This could change a potential bet.
If you’re not lucky enough to take advantage of live betting at a stadium, you can always connect to most events via bet365’s live streaming option. This offers a wide variety of in-play betting and streams including baseball, basketball, soccer, tennis football, ice hockey, horse racing and golf.
Examples of live betting
It’s the Champions League Final. Real Madrid vs. Liverpool. You wagered “under 2.5 goals total” before the game at bet365. After the kickoff, Cristiano Ronaldo scores for Real after just five minutes. You have a feeling several more goals will follow and can now wager on over 2.5 goals with the live option. Using this hedge method, you’ve covered yourself either way since you now have a wager on both under and over 2.5 goals.
Of course, the odds constantly change during play — going up and down depending on the live action. With soccer, you can wager on the traditional win, lose, draw option as well as markets such as over/under, correct halftime and fulltime scores, total goals, next team or player to score, a first, last or anytime goalscorer, and margin of victory etc. Live betting lets you wager on numerous team and/or individual outcomes as the game goes on, adding to the excitement and drama of the event.
In addition, bet365 offers a cash-out option, which allows bettors to settle up during the action as a way to minimize their losses. For example, let’s say you backed Real to beat Liverpool at 3/1 for $50. With Real up 2-1 with 10 minutes to go, you can cash out then at the current odds since Liverpool is pressing and look likely set to tie the game.