In-play betting – also known as Live betting – is an innovative form of gambling offered by the many online betting exchanges. As the name suggests, it involves paving bets while the game or event is in progress. This gives you much more scope for successful bets, and adds to the enjoyment o the event.
The major advantage of in-play betting is that you have the added bonus of having watched some of the action before you place your bet. For example, if you watch the first twenty minutes of a football match and one team is clearly out-playing the other, you have extra information on which to place your bet. A further advantage is that, with most in-play betting, you can vary you bet.
For example, you have placed a bet on Liverpool to beat West Ham. At some point, Liverpool score; you now have the option of ‘laying off' the bet – at lower odds, of course – to consolidate your position. Some special deals will allow you to take your winnings at this point, but they are not the standard option.
In-play betting can be complex, but it can also add to the enjoyment of a game. You can place a bet at any time, after all, so had you backed one team to win and the other is ahead, you can then back them and cover your outlay so to speak.
The fact to remember is that, with in-play, the odds are not fixed. One team will undoubtedly start out as favourite, but should the other team score, then the odds will change. Depending on how close it is to the end of the game, the odds will shorten dramatically if there is little time left. By watching the game live, and keeping up with the trends in betting, you are giving yourself a much better chance of coming out on top. There is an art to reading the betting, and it may pay to try a few games before becoming serious.
If you feel that in-play betting still sounds complex there is plenty of advice on the various sites that offer it. The companies mentioned earlier all have ‘how to' guides that help you get to grips with the concept, as do many others in the market. By familiarising yourself with the general idea you stand to make better decisions, so remember that practice makes perfect.