With the rise and development of in-play betting markets, live betting is one of the most famous forms online wagering with a wide number of online bookmakers striving to enhance their offerings in this industry. In Nigeria, there are several live betting sites that are perfect for all those who are wagering by following a certain strategy. This is why live betting has become one of the most interesting forms of betting.
Live Betting – What is it?
Another name of in-play betting is live betting and this is a method of betting on a sporting event while the match is being played. This form of betting was initially offered by majority of the betting exchanges and it is heavily exciting with constantly changing odds by the betting platform based on the present score. With regards to live betting markets, sports like tennis, football, ice hockey and basketball are the most common ones. In case of live betting, you can bet on your most preferred team or player.
Nigerian customers can place in-play bets on sports like cricket, rugby, horse racing and American football. There have been instances of live bet between Manchester United and English Premier League and Tottenham Hotspur. Customers can place handicap bets and total goal bets while the matches are being played.
Live Bet types
There are several kinds of live bets available to the customers and this may vary from one bookmaker to another. Here is a list of the live bets that are available to the Nigerian customers:
- Conventional bets: The same bets that are found in pre-match football markets can also be given to sports events with the odds being changed by the bookmakers. These markets include total goals in football, match winner and number of sets in tennis. The odds here will be based on present matches and these offer high chances of victory.
- Parlays: There are few bookmakers that will also provide you with chances to transfer single bets in parlays where the players can add a new bet to their online wager. This however is only there in the biggest betting platforms.
- Prop bets: These are famous in football markets where you require backing a certain player to score the first goal.
Betting Odds live
The odds that are there for live betting markets will differ from one platform to another but there are based on factors which include present score, pre-match price, remaining time and several other ongoings. Bookmakers usually take lot of time to make sure that the odds are appropriate and fair to the utmost level. A single mistake could cost them huge amount of money and hence the customers often end up spending too much time in locating an attractive market.
Live Betting benefits
As long as live betting markets are concerned, there are both pros and cons. The benefits however are much more than the cons. If you’re someone who loves fast-paced betting where the style keeps changing, live betting is certainly your cup of tea. There’s no better feeling than backing on a player who wins from behind and gains the final whistle of fame. There are too many noteworthy earnings that can be made through in-play betting.
Live streaming – A small explanation
Live streaming is something that can add a new dimension to live betting. There is an increasingly large number of betting platforms that offer this option for the punters in case of tennis, football, horse racing, basketball and other games. The Nigerian customers win a chance of watching matches from all over the world via the bookmaker they choose. Majority of bookmakers will need the customers to own a positive account balance for placing a bet on the event they wish.
Strategy for live betting
Whether you place the live-bets or pre-match, it is vital to device a certain strategy. Here are few steps that you can take before placing your bets:
- Start with pre-game markets: The live betting punters who are presently successful have all begun by handling pre-game markets. The rookies can get a better idea of the markets, utilize their prior knowledge and research on certain things. For those looking for salvage options, live betting is one of the best.
- Have an idea of your limits: This is one of the main factors that is applicable to all types of betting and is particularly true with live betting markets. Customers need to keep a track on how much they spend on, the present wagers and the amount of success gained.
- Keep watching the match: Whether you can watch through live stream or watch on television, you should keep following through a live score feature. Remember that the smallest detail is also capable of making a difference between winning a bet and losing.
Therefore, if you’re wondering about the ways in which you can make use of live betting, you can keep in mind the above listed information.