Live betting, also known as “instant betting” or “twitch betting,” is a way for sports bettors to place wagers while watching a sporting event live. The activity got its name because it allows bettors to place wagers while also keeping an eye on the action through a streaming video feed.
If you’re unfamiliar, live betting is usually available through a betting exchange. The bets are placed against the spread, over/under or on the outcome of the game. Depending on the type of bet, the amount of money that can be wagered varies. The key to making money through live betting is being able to predict the outcome of the game correctly. This way, you’ll be able to place winning bets and will have an opportunity to win some money.
Here’s how live betting works:
How Do I Start Using Live Betting?
To get started with live betting, visit a betting exchange website and create an account. All of the major sports betting websites offer a way for users to enter their bets, so you’ll have no trouble finding a place to place your bets. Once you’ve authenticated, you’ll be able to enjoy live betting without any restrictions. You can access your account at any time through a web browser or mobile app.
One of the best things about live betting is that you don’t necessarily need to be a professional gambler to enjoy the perks. You just need to have a good eye for sports. Sometimes, you can get lucky just by knowing a little bit about the teams that are playing. If you’re a fan of a certain sport and want to make wagers on that sport, you can use tools like MyNetsport to help you generate free winning predictions. (More on that later.)
If you already have a betting account with a professional gambler platform like Betfair, you can use their bots to place your bets for you, automatically. This way, you don’t have to worry about missing any part of the game due to busy odds. Or, if you prefer to make more of your own decisions, you can use their demo account to place your bets manually.
What Types of Bets Can I Place Using Live Betting?
While you can place pretty much any type of bet through a betting exchange, there are certain restrictions when it comes to live betting. First, you can’t participate in live betting for money you don’t have in the first place. This is why you need to verify your account before you can use it. Second, the money that is bet must be withdrawn before the end of the game. This means that, for every game that you watch, you’ll need to make a minimum initial bet. Third, only one bet per user is allowed per game. Finally, you can’t use live betting if you’re currently subject to any kind of jurisdiction that prohibits online gambling.
Because of the high risk of losing money, many sportsbooks will only allow certain types of bets in order to discourage users from participating. The upside of this is that it keeps the games fair and removes the element of luck from the equation. For example, you can’t bet on whether or not a certain baseball player will get a hit, but you can bet on whether or not he’ll get a base hit. The same goes for betting on the spread or the over/under. So, in general, it’s best to avoid betting on individual players unless you’re sure that they’ll hit.
How Much Can I Wager On A Game?
The amount of money you can wager on a game depends on the type of bet you make. For example, the over/under wager allows you to bet on whether or not the total number of points will be over or under a specified amount. If you bet on whether or not a player will score a touchdown, you’ll have to determine how much you’re willing to risk. It’s best to think of this in terms of percentages: If you bet $100 that the player will score a touchdown, you’ll need to determine how much you’re willing to risk on a $100 wager. (In this case, you’d need to bet $100 *.5 = $50 to win $100.)
In general, the more you wager, the more you’ll win. However, this is not always the case. Sometimes, the house edge (the amount that the casino or bookmaker takes) is so high that they’ll win even when there’s no edge at all. This is why some sportsbooks only allow a certain amount of money to be wagered per game. Knowing how much you can wager is important, especially if you’re playing with money you don’t have in the first place. Remember: The more you wager, the higher the chance that you’ll lose. This is why it’s important to only bet what you can afford to lose.
Can I Use Live Betting To Monitor Another Sport?
While it’s possible to use live betting to watch one sport and make wagers on it, you can also use the platform to follow other sports. For example, if you want to bet on the Super Bowl, you can use a site like OneOdd to follow the outcomes of games across various sports. (You can click the link to see what games are currently being followed using live betting.)
This is especially helpful if you want to ensure that you don’t miss any games that you might be interested in following. It would be a shame to bet on the Super Bowl and then miss the big game between the New England Patriots and the Los Angeles Rams because you were busy watching the NCAA tournament. (And, no, taking bets on the NCAA tournament outcome is definitely not allowed.)
Can I Use Live Betting On Mobile?
As the name indicates, live betting is mainly made for use on mobile devices. Since people are often on the go these days, they want to be able to access their accounts from anywhere. This is why most sportsbooks offer an app (usually for Android or iOS) that allows users to place wagers anonymously. (This also applies to some traditional sportsbooks as well as most bookmakers.) If you want to place a bet on your mobile device, visit a betting exchange website and download the app. This way, you can place wagers on the go.
How Does Live Betting Work With Esports?
Live betting is becoming more common in esports, too. Since esports are competitive games that are usually played with a microphone and video cameras on laptops, mobile devices, or consoles, it’s a natural fit for the platform. (Some traditional sportsbooks still don’t offer esports betting, so it’s a good idea to keep this in mind if you’re interested in betting on gaming.)
The use of microphones and cameras in esports makes it easy to follow the action live wherever you are. The audience typically watches the games live as well and reacts to the actions as they happen. This is in contrast to watching a recorded game and relying on the commentary to make sense of what’s going on. (This is also why many esports tournaments are played with a full audience: It creates an even more intimate experience for all involved.)
The great thing about esports is that, depending on the size of the tournament, some of the games can be quite lucrative to win. For example, the 2019 edition of the Intel® Extreme Masters (IEM) World Championship for Counter-Strike: Global Offensive (CS: GO) had a grand prize of one-million-dollar. Which game you’ll need to win to pull off such a feat depends on how much you’re willing to wager. For more information on this year’s IEM World Championship, including how to qualify, visit the CSGO tournament website.