How Does Live Betting Work?

Ever wanted to experience sports betting and wagers but don’t particularly want to leave the comfort of your home? Live betting allows you to place bets on the go, with all the action happening right there in front of you! If you’re unfamiliar, here’s how live betting works.

Live Betting Apps

Live betting isn’t just limited to sports betting and games that can be seen live. Many betting exchanges, including Betfair, allow users to place bets on their favourite TV shows, current events, or popular trends. Some apps even provide a roulette-style betting experience that you can practice on virtual tables, without risking real money!

With the COVID-19 pandemic still fresh in everyone’s minds, bookmakers and betting exchanges have adjusted their policies to protect their customers. Those that remain open allow clients to place bets on the outcome of the pandemic, with some bookmakers providing additional safety by allowing customers to place bets in instalments. For example, you can make a £10 bet today and schedule another £10 bet for next week. While this may be a convenient option for some, especially those who want to keep their betting activity light, during a time when everyone is at home, it can also be a risky strategy. If you’re looking to place a bet on the outcome of the pandemic and don’t want to risk losing a fortune, consider another option.

Live Betting Sites

Live betting sites are simply websites that provide a more traditional betting experience, with all the action happening in real time. The advantage of using a live betting site is that you don’t have to be present to win or lose. This reduces the chances of errors due to human error, and removes the element of chance. While you’ll still need to be mindful of the laws in the country you’re visiting, you can rest assured that the operator is a registered company, licensed and regulated by the government. In some countries, such as the UK, live betting sites are also required to adhere to a stringent code of conduct, ensuring that your privacy is always respected.

Most sporting events, plays, and competitions are still accessible via live betting sites, however, due to the pandemic, many major events have been cancelled or postponed. For those that remain, there’s little to no effect on your usual in-play betting options. However, if you’re looking to place a global bet on the outcome of an event, such as the World Cup or the Olympics, you’ll need to search for a different platform.

Mobile Betting

The majority of bookmakers, including Ladbrokes, have established mobile gambling sites to reach a wider audience. For those who want to bet from the comfort of their mobile device, whether it’s a smartphone or tablet, there are plenty of options available. Simply search for the bookmaker you prefer using the mobile app, and follow the instructions.

If you’ve never used a mobile betting app before, it can be a little difficult to know exactly how to move around and place bets. Thankfully, most apps provide helpful guides and tips on how to use them. For instance, the TikiTaka app, which is available on both iOS and Android, suggests that you first create an account, then log in. After you’ve logged in, simply make your wagers using the buttons at the top of the screen. If you’re looking for a gambling app that also doubles as a travel guide, check out GoNation.

In-Play Betting

While live betting allows you to place wagers right away, many bookmakers also provide an in-play option. This is essentially placing a bet on the outcome of an event, as it takes place. In-play betting is available for most sports, including football, tennis, and golf, as well as athletics, boxing, and rugby. Due to the increase in betting exchanges and the growth of social media, people are also keeping an eye on the action throughout the season, so making in-play bets on football is very popular.

The disadvantage of in-play betting is that, as the name suggests, you have to be watching the event in order to win. If you’re not present when the match or event ends, you’ll lose. The majority of bookmakers fix the lines beforehand, so even if you have a genuine upset, you’ll have little chance of vindicating your wager. Keep this in mind if you decide to try this option.

Limits And Risks

Just because an activity is permitted doesn’t mean it’s without risk. Understandably, many people want to try out live betting as it provides an immersive experience that’s otherwise restricted to being in a physical bookmaker’s office. Just becuase an activity is permitted doesn’t mean it’s without risk. Limits are basically restrictions placed on how much you can bet per hour, per day, or per week. The majority of bookmakers provide an unlimited amount of in-play betting, while some sportsbooks and casino sites restrict you to a certain maximum amount. If you exceed that limit, you’ll be asked to withdraw funds from your account. In reality, most people who use these applications or sites don’t place bets beyond the limits imposed by the platform. The main risk with live betting is getting stuck with a losing streak. If you place a lot of smaller bets and keep losing, you’ll quickly run up a massive loss, which may damage your overall balance.

As a punter, there are so many options available to you. With the right choice, you don’t have to miss a minute of the action, whether you’re at home or on the go. Just remember to keep safe and use discretion. Make sure you’re aware of your country’s laws before engaging in any betting activity, and if you decide to try out live betting, do so responsibly. The world of sports betting and wagering is a great way to pass the time, but only if you’re aware of the risks involved.