The live sports betting industry has grown rapidly in recent years. This is due to the rise in popularity of online sports betting and the increase in the number of people willing to bet on live sporting events. This guide will give you an overview of the live sports betting industry.
What Is Live Betting?
Live betting is a type of betting that allows you to bet on sporting events as they are taking place. This means that you can bet on football matches, horse races, and other sporting events while they are still on.
There are several live betting sites that you can use. Sites like Betway Zambia will offer you a range of different features like live odds, and the ability to bet on a range of different sports.
Understanding a Live Bet
At your sportsbook of choice, you’d see a spread like this before kickoff:
Home Team -2.5 (-110)
Away Team +2.5 (-110)
In this example, the home team is favored to win by 2.5 points. This means that if you bet on the home team, they would need to win by 3 points or more for you to win your bet.
If you bet on the away team, they can lose by 2 points or less, or they can win the game outright, and you would still win your bet. The -110 next to each team’s spread means that you must bet $110 to win $100.
However, if the home team scores a touchdown to take a 7 point lead during the game, the odds may change. After the touchdown, the sportsbook may change the odds to look like this:
Home Team -7.5 (-110)
Away Team +7.5 (-110)
This means that the home team is now favored to win by 7.5 points. The away team would need to score again, or the home team would need to lose by less than 7 points for you to win your bet.
What Are the Different Types of Live Bets?
Single Bet
A single bet is a bet that you put on one particular event. For example, if you were to bet on a football match, you would put a single bet on who you think will win the match.
Parlays
A parlay bet is a bet that combines two or more bets into one. This can increase your potential winnings if all of your bets win, but it also increases your risk. The rise of online betting firms such as Betway has seen a significant fraction of online bets is live betting.
How to win a live bet
There is no guaranteed way to win a live bet, but there are a few things you can do to improve your chances.
- First, it’s important to do your research before placing a bet. Look at the teams involved and see how they’ve fared in the past.
- You should also pay attention to the odds set by the bookmaker. If the odds are unfavorable, you might want to reconsider your bet.
- Finally, it’s important to set a budget and stick to it. Don’t bet more than you can afford to lose, and don’t chase your losses.
Advantages of Live Sports Betting
- You can bet on a wide range of sports.
- You can bet on live sporting events.
- You can take advantage of different bonuses and promotions.
- You can get access to live streaming of sporting events.
Conclusion
Now that you know what live betting is and how to set a live bet, you should be able to start betting on live sporting events. Remember to shop around for the best live betting sites and take advantage of the different bonuses they offer.