In-Play Betting – How Does It Work?
Also known as “live betting”, in-play is a sports betting market where wagers are made after a specific event has started. Usually, a sports market with in-play betting is open for wagers until the event finishes; however, sportsbooks can close a specific market at their own discretion. Live betting has many benefits and also a few limitations; on the other hand, it is still one of the most popular wager types punters like to make in sportsbooks online.
Advantages of In-Play Betting
Due to the nature of live betting, there are several benefits that can allow punters to get a better grasp on the situation. For starters, bettors can watch a broadcast (or a stream) of their sporting event and assess the situation better. Another important advantage is the fact that in-play betting allows the punter to change the position of their bet; however, at a smaller rate.
Here is an example – Manchester United is playing against Barcelona. M.U.s odds are 1.5, while Barcelona’s are 2.5. If a punter has placed an in-play bet of $10 on Manchester but over the course of the game they realize that Barcelona is about to win, they can “re-position” their bet; however, the new wager position will now have a value of $5. The re-positioning rate varies depending on the bookie, event, and odds; however, the fact that a punter can move their original stake is an incredible advantage, allowing for the potential mitigation of losing bets.
Markets Can Be Suspended Due to Special Circumstances
There are a number of special circumstances that can justify the suspension of a specific live market. Usually, in-play bets are presented by bookies in a more or less “equal” manner; which means, that if something happens during a sporting event that would completely shift all bets from one side to the other, the sportsbook will automatically prevent any further wagers or stake re-positioning.
Some of those special events would include: a football player getting a red card; if the in-play market covers a
specific period of a game or match; if a racehorse trips and falls, etc. Those kinds of “mishaps” or sudden game
changes that would rapidly shift the odds from their somewhat balanced state have been taken into consideration for quite a while now, and this is why in most cases the suspension of a market will be done in an automated manner by the sportsbook platform itself.
Some Minor Drawbacks of In-Play Betting
Although market suspension is considered to be a “natural feature” of in-play betting, it is the unpredictability that is considered to be a drawback. Another thing to consider is that when re-positioning a wager, the rate at which the number of finance decreases can sometimes be unfavourable, and still cause you to lose money even if you win your bet. Bear in mind that although the mentioned drawbacks are a part of in-play betting, it is still one of the most profitable market types put forth by online sportsbooks.
Live Markets Will Continue to Exist
It is very important to mention that in-play markets are as dynamic as the events they cover. They provide only straight bets and open either a few minutes before the start of the event or during a half time break (depending on the sports competition). While usually, the most known in-play wagers come in the form of straight bets, it isn’t unheard of punters combining “in-play” with other bet types; however, whether this is possible or not, is determined by the bookie itself. Regardless of its pros and cons, in-play betting is one of the oldest forms of sports gambling, and it will be here for many years to come!