The various live bets that will be available to you will depend on the location you are placing your bets from and the type of sport being talked about. In this article, I will look at the three main types of live bets that you should be aware about. Bet on esports and you will have a chance to experience all the various types of bets first hand.
Traditional bets
Traditional live bets refer to the same bets that are usually available to bettors before the game begins, but with some slight changes. The main change is that the odds available on these bets will usually change in real time to reflect the changes that have happened in the game as it continues to be played. For instance, when a team gets scored against, the odds of it winning the game will dramatically drop in the live bet. If the team that has been scored against was a favorite, that will change so that it becomes the underdog. If by chance the losing team scores against the other team, the odds will rise in its favor again.
Sportsbooks have to use a lot of technology and manpower to ensure that the odds are adjusted accordingly in real time to avoid giving bettors an advantage that could work against them. it is this increased demand for manpower and technology that makes it impossible to introduce live betting in land-based betting settings.
Prop bets
Prop bets are usually available before a game begins just like traditional bets are usually available. However, their availability will hugely depend on the ability of the sportsbook to keep up with the game. Prop bets are bets that are placed on events such as the number of penalties a given player will have in a given game. For instance, bets can be placed on the number of goals a certain team will have during a game. Prop bets usually change with the current situation in the game. Bettors will have to bet on the events that are likely to happen in a game from the current point in time. For instance, how many goals will a certain player score from this point in time till the end of the game? If you get the correct number, then you win the bet.
This is a very interesting concept because it keeps bettors active and entertained throughout the whole game. This is opposed to what used to happen before where bettors only placed bets at the beginning of a game. Your fate is sealed at the beginning of the game and there is nothing you can do about it for the current game.
Parlays
Parlays are the kid of bets where bettors are allowed to capitalize to the maximum on their initial predictions. For instance, if you predicted that team A was going to defeat team B, you can choose to make an additional wager that the trend where team A continues to win against team B if that is the case will continue to happen until the end of the game. In know… I know how this sounds, but it can actually help you to make much more money on your wager than you initially would have.
