Live Betting allows bettors to place a bet after a sports event has started and is usually available until its conclusion. The beauty of Live Betting is that you bet when a sports event is taking place, so you can watch the action unfold in real time.
Live Betting Sites
There are a number of Live Betting streaming sites available to Canadian sports bettors. It’s possible to bet live on a vast number of sports events and markets every day of the year.
Live betting sites that Canadian bettors can use include Sport Interaction covering the likes of ice hockey, soccer, basketball and tennis among others, and bet365 who have a vast selection of live betting events and markets available.
As well as Live Betting on events, you can often watch the action unfold too if Live Streaming of an event is available. In addition to watching on a PC or laptop, Live Streaming is also available if you have an iPhone or Android device. In order to receive the best picture quality you will require a good 3G or WiFi connection. Typically, you must have a funded Sports account or have placed a sports bet within the last 24 hours in order to view Live Streams from an online sportsbook.
Watching the action prior to or whilst you make a live bet can greatly enhance your enjoyment and potentially provide bettors with the insights to make more winning sports bets.
Live Betting Odds
Live Betting odds movements can move rapidly, particularly in the latter stages of a sports event. Live Betting odds depend not only on the playing time remaining but also on various other aspects, such as the score at the time and key players being injured or dismissed.
In general, the more time has gone in a game, the shorter the odds will become on the winning team maintaining their advantage (or the draw should the teams be level). At the same time, the betting odds on the losing team or the draw will drift and can potentially become very attractive should you believe that the outcome of the sports event in question can change over the latter stages. For example, it’s often possible to get good value betting odds on a pre-match favourite should they fall behind early in a game.
In addition to Match Result betting, there are also a huge range of other markets available for live betting, such as ‘Total Goals’ or ‘Total Points’, ‘Correct Score’, etc, particularly with sites such as bet365 and William Hill. Again, the more time gone in a game, the faster many of these live odds can move.
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How Live Betting Works
Live Betting odds change according to the state of play in a particular game. For example, if Team A are favourites going into a game with Team B, but Team B score the opening goal in the first few minutes, the odds will change to reflect this and will become bigger on Team A.
This will also be reflected in other markets, such as the half-time result, the correct score, Total Goals, Asian Handicap, etc.
Sometimes a game can look too close to call, so you can wait until after the first few minutes have been played before placing a bet based on the early action.
Live Betting odds are decided by the individual online bookmakers, using a computer algorithm which constantly updates the information. It will depend on the state of play and particular events happening in the game, as to how the odds are changed and how frequently. It’s usually possible to bet on certain markets from the start of a game until it has almost reached full-time, particularly when the result is in doubt until the final whistle.
Many bettors find Live Betting far more exciting than placing a pre-match bet, as it enables them to react to events as they happen.
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Virtual Sports Betting
The term “virtual sports” is typically used to describe software simulations of sports which are used for betting purposes. Virtual sports betting sites provide a selection of scheduled fixed odds games (events) that use a random number generator (RNG) to decide the outcome.
All bettors view the same schedules and the same outcomes. If you have a Sportsbook selection in the bet slip, you can no longer add Virtual Sports selections in the same bet slip. Because the sports are all ‘virtual’ there is always a game or a race on no matter what time of the day it is!
Most of the major online sportsbooks offer Virtual Sports betting, including bet365, William Hill and Betway Sports, covering sports events as diverse as horse racing, motor sports, soccer, tennis, speedway and cycling.