What Is Live Betting On Sports
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- What Is Live Betting On Sports Today
- Can You Live Off Of Sports Betting
- What Is Live Betting On Sports Gambling
Live betting, also known as in-play or in-running betting, is the process of placing a bet on a sporting event after it has started. For example, you can bet on different aspects of a football match after it has already kicked off and throughout the duration.
It takes away the need to study statistics and puts you at the heart of the action, giving you the chance to change your bet or place a new one during the event. When you’re feeling ready you can check out this site to find the best live sports betting options.
Explaining Live Betting
How does live betting work? I hear you all mutter.
Well, basically, the online sportsbook you’re using will have set odds on a match or event before it takes place.
These odds will change several times after the event starts, depending on what happens.
If Team A were an odds-on favourite before kick-off and Team B takes the lead after a couple of minutes, the odds will change to reflect this. Team A may still be favourites to win, but they now have less chance of doing so. This will raise their odds.
Therefore, a person wishing to bet on Team A will get better odds than they would have if they’d placed the bet before the game started.
It isn’t just goals in a football match that change the odds. Every action during a sporting event will change the potential outcome, altering the betting odds in the process.
The odds are decided by the individual sportsbook, using a computer algorithm which constantly updates the information. Then, depending on what is happening in the event as well as past outcomes of similar events, the odds are changed.
When something significant happens during the event, the sportsbook will usually suspend betting for a few seconds so the computer can work out the new odds. Betting will then continue. This will happen several times throughout an event, giving you up-to-date odds reflecting what is happening in the live event.
More Ways to Win
There are several advantages to betting live, or in-play.
Firstly, you can see what’s happening before deciding to gamble your hard-earned cash. If you fancied a team in a match which looked too close to call, you could wait until after the first few minutes have been played before placing a bet.
There’s also the added possibility of betting on different aspects of the event, like picking the winner of the next frame in a game of snooker or betting on who will win the next point in a tennis match.
This gives the punter more ways to win, as it provides several different betting options they didn’t have before the event started.
One of the main benefits is the ability for the punter to change their mind during an event.
Maybe, the bet on Team A looked like a “dead cert” after studying statistics before the match. However, after thirty minutes when they’re a goal down and have had a player sent off, the bet doesn’t seem so great after all.
The punter can now place an opposing bet, using the new information acquired since the game started.
Basically, it gives the punter more chance of winning because they have more knowledge of a sporting event than they did before.
Obviously, as with any form of gambling, this isn’t a certain way of winning. A deflected last minute goal or a missed pink to the middle pocket may mean the punter still loses.
Want some live betting tips?
Our expert tipster offers live betting tips to some select folk, if you would like to talk to him about this, please fill in the form in our live betting section.
Be Responsible
Live betting gives you the potential to place different bets on several different outcomes throughout the duration of a sporting event.
This means there’s an increased potential of losing a lot of money. Therefore, anyone wishing to gamble in this way must set themselves a limit before the event and stay calm and clear-headed throughout. Remember a good strategy is to focus on losing less.
It’s easy to become frustrated and/or annoyed if you place a bet on one team, only for the opposition to score a minute later. Gambling when your judgement isn’t clear is a sure-fire way of emptying your wallet or bank balance.
So, set yourself a limit and have fun. After all, gambling is a form of entertainment and live betting will add to the excitement if you do it responsibly.
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- Last Updated: Tuesday, 31 December 2019 23:49
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What are sports betting?
Sports betting or sports betting in Nigeria are the combination of predictions of different types of sporting events
How can I make money from sports betting?
Sports betting in Nigeria have taking a different dimension, there are two major ways you can make money from sports betting.
1. You can make money as a staker. This means that all you need to do is predict correctly the outcome of an event and stake it with whatever amount you want. In this case, your staking amount will be calculated with the total Odds of the events you accumulated which is in multiplicity of the the amount you staked
2. You can also make money as an agent. In this case you need to have a shop with a betting company, customers will come and stake in your shop and the sports betting company will reward you with commissions at the end of the week or months either with regards to your net profit generated or base on your total sales generated.
What is the difference between online betting sites and offline sports betting sites?
Online betting sites, online football betting sites or online sports betting websites as you may call it all mean the same thing. The major difference between online betting websites and offline sports betting websites is that in online sports betting sites betting are done personally with the use of mobile phone, tablets or computer while offline betting sites are the type of betting done at an agent shop. Online betting sites allows you to withdraw your winning personally and directly to your bank account while offline betting sites require you to go to the shop where you placed your bet to withdraw your money.
What are the best betting sites in Nigeria?
In Nigeria today, we have over 60 different betting sites which give rise to lots of questions like What is the best sports betting site, the best betting sites, the best site to bet on sports, what is the best online betting site, what is the best online sports betting sites, best betting sites, online betting websites, , betting sites, soccer betting sites etc. These are the most common searches you see on Google daily with regards to best site to bet on sports in Nigeria. There are different factors to consider when choosing a bookie or bookmaker and you also have to consider the bookies software as this will determine the type of betting market that will be available for stakes. Some of the few factors to consider when choosing your best betting site or best website to bet on are the financial stability of the company, the betting odds they offer, the speed of payment of winnings, betting bonus, customer care response when you have issues, feedback from other customers etc. For the sake of this article, we have compiled list of the best betting websites for you to bet on that is very safe below.
Here are some of the major advantages of sports betting in Nigeria.
1. Source of employment in different sporting fields
2. Reduction of crimes
What Is Live Betting On Sports Today
Here are the disadvantages of sports betting in Nigeria.
1. Addiction which leads t zero savings
2. Laziness among youths who are addicted to betting
Which are the top 10 sports betting sites in Nigeria?
Google has also recorded high level of queries with keywords like top bet sites, top 10 sports betting site, top 10 online sports betting sites, top 10 betting sites, bet sites, list of betting sites in Nigeria etc. These are common questions we ask Google. I have explained a little of it in the article above. We have compiled a list of the top bet sites below with inclusion of their speed of payment of winnings, betting odds, customer care response, maximum winning and minimum stake. See top 10 sports betting sites in Nigeria below.
Cash out is a system that enables you claim your winning before the end of a losing event still in play.
Can You Live Off Of Sports Betting
How to become an agent?
What Is Live Betting On Sports Gambling
To become an agent, you need to have a shop, equip the shop with computers, printers, internet connection, papers and television with standby generator incase of power failure. Then you need to contact any of the reputable sports betting companies in Nigeria and apply for agency. Agency is free on most betting companies.