What is Live Betting

Live betting is a relatively new way to wager on sporting events. The way sports betting worked for decades is that you’d make a bet on the game and wait to see how it’d pan out. That hasn’t quite changed, however live betting has thrown a different spin on it allowing you to bet on a game as it is taking place!

Live betting is also known as in-progress, in-game, or in-running betting or wagering. But by any name it’s all the same-the ability to bet on a game as it is taking place.

How it works is that a game begins with a certain set of odds. But as the game is being played, conditions obviously change, causing the original odds to also change. Maybe the favorite is doing better than what was anticipated. Or maybe the underdog is playing surprisingly good. Whatever the case, live betting allows you to take a stake on a game after it starts. You can add bets to your previous stance or switch positions altogether.

It’s a rapid-fire form of sports betting. The point spread may change 100 times in a basketball game. And to find an advantageous spot, you have to almost frantically hunt for a bet, updating every 30 seconds and perhaps double-barreling bets. Live betting has a way of taking a calculating form of betting like sports betting and giving it the feel of a fast-paced table game.

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In brick-and-mortar sportsbooks, you would have to pre-pay for a live betting account and then place your wagers either with your mobile phone or by using touch-screens provided by the house.

Online, a computer is used to form lines as the game is played. There is an algorithm that uses thousands of past results to form probabilities. For example, if a 3-point favorite in a football game is down by 7 halfway through the second quarter, the computer can spit out the exact probabilities of either the favorite coming back or the underdog holding on to the lead.

The games all have a set of odds that were in effect right before the game started. Different variables surface and the playing field changes. The computer is able to quickly produce odds to accommodate for the changes in the game.

Our user console is designed to be very easy and intuitive. The overview feature will give you a bird’s-eye view of all current Live Betting matches and games that are about to start, so you can keep track of everything you’re betting on through a clean and simple interface. With one click to open a game, and with only a few more, select and create a wager. Everything is right at your fingertips, right where you need it to be! Whether you prefer the conventional method or you are ready to keep up with the action that an exciting game unfolds this is the place to be, sign up now at http://www.heritagesports.eu/