What is Live Betting?
If we break the term down, we get “live” and “betting”. The first one refers to any event happening in real-time. If you tune into Star Sports 1 or Sony Six right now, chances are you’ll find some sports events going on. These are your “live” events.
If we try to put the 2 and 2 together, we can conclude that live betting means wagering real money on a sports event at the exact time it’s happening. In case you don’t have previous experience in the industry, the significance of this may not make sense. To make it make sense, we have to trace back our steps and look at fixed-odds betting for a minute.
What is Fixed-Odds Betting?
In simple words, this is the original form of sports betting. All the pop culture references you get where people are biting their nails at the horse racing track are fixed-odds betting. The odds are “fixed” which means once you lock your bet in, you can’t change anything or even cancel it until the event has settled.
In the online gambling context, these bets are known as pre-match odds. As the name suggests, you place the bets before the match starts. How long you have to place the bets will vary from betting site to betting site in India. It’s also true for the rest of the world where online gambling is legal.
Pre-match bets are awesome and very easy to utilise, until you realise you’ve put money on the wrong team. In that case, you have no other option but to accept the loss and move on. As long as you stick to favourites determined by the betting site, you should not incur any big losses from fixed-odds betting.
Live Betting is Fast and Thrilling
As we mentioned earlier, a bad bet on a fixed-odds market has the capability to destroy your bankroll. Live betting sites, on the contrary, do the opposite. It allows you to bet on the outcomes as they’re happening so that you have absolute control over your bankroll.
Even if one of your pre-match bets turns out to be wrong, you can recoup a lot of losses and may even be in profit using live betting in India. Let’s dive deeper into what made live betting the newest sensation in the iGaming industry, particularly for sports bettors.