Are Live Bets Worth It?

by | Feb 3, 2023

SITPicks.com 9 Sports Betting 9 Are Live Bets Worth It?

Live betting, or in-play betting as it’s also known, is a relatively new product that has exploded in popularity over the last few years. Instead of only getting a chance to bet before a game begins, live betting opens up opportunities at any stage. Odds change in real-time, keeping people engaged.

The question people have after initially hearing about this new type of betting is, are live bets worth it?

With the same type of moderation, gamblers can have just as much success with live betting as with pre-game betting. However, the nature of live betting leads to a lot more emotional gambling based on feel instead of algorithms and numbers. Statistically speaking, that plays into the house’s hands more.

The Appeal of Live Betting

Live sports betting offers a more engaging and interactive experience for players. Other factors may affect a person’s decision to take part in live betting as well. For example, some enjoy the social aspect of live betting at brick-and-mortar casinos, whereas others prefer the flexibility available with online platforms. Placing a mobile bet during a timeout of a game automatically makes someone a bit more invested moving forward.

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Talented live sports gamblers also find ways to have favorable odds and avoid betting pitfalls as much as possible. They can watch and analyze the game, waiting for the live line to move. It might only be listed at a certain price for a minute, but the opportunity could be the difference between a win and a loss.

Emotional Live Betting

The biggest downside to live betting is that so many people will do so emotionally. Since it’s in the middle of a game, it’s very hard for people to have any predictive tools or algorithms that work in their favor. The best gamblers who make a consistent profit usually have a system set up for pre-game betting.

When betting in the middle of a game, emotions take control. This makes it more cater toward recreational gamblers instead of people trying to make a long-term profit. There will always be big winners on occasion with live betting, but it’s hard to win consistently.

Are Live Betting Odds Accurate?

For the most part, sportsbooks, have the technology to make live betting odds pretty accurate. However, when they can’t make it completely accurate, they always lean toward their favor. It makes sense, as no sportsbook wants to lose a considerable amount of money based on a wrong line.

Live betting sportsbooks also have access to what’s happening in real-time. People watching on television are always on some type of delay, so, there’s no way to place a bet before the odds are updated. Even if watching a game live in a stadium, the updates happen so fast that a person can’t take advantage.

The Evolution of Live Betting

Gamblers have embraced live betting, and it seems to be here to stay as long as smart bets exist. In fact, companies are trying to build out more and more live betting opportunities, including creative prop and player-specific bets. It just gives people more opportunity to bet on games even if they don’t do it before the start.

 

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