What Is Live Betting?
Live betting is a form of sports wagering where you place bets on matches that are underway. In other words, it is a way of betting that allows you to bet as a sporting event is taking place.
With the live bets, you can see how the game progresses before you make a decision. This is something that you cannot do with the pre-match bets. Live betting helps you adapt to any occurrences that might happen during a match, which you weren’t able to pre-determine.
During the live matches, the odds tend to shift according to the teams’ performances and the score. This gives you a chance to capture the moment and capitalize on some big odds.
Bookmakers may suspend certain odds for a short period of time during the live betting. This happens as a result of the system that recalculates the prices.
You can conduct live betting even on your mobile device. This is possible either on your mobile browser or on a betting app. The latter is offering a more convenient way of placing live bets.
Types of Markets
There are numerous markets that you can use in live betting. Some sports might come with a bigger number of options than others. Also, the most popular sporting events will surely feature more markets for live bets than the less known ones.
Some of the most used live betting markets are moneyline, handicap, double chance, final score, halftime result, team to score next goal, player to score next goal, last team to score, yellow cards, penalties, corners, and many more. Below we will provide examples of some of these betting options.
First, let’s say we want to bet on a live football match using the moneyline bet. Here we want to back a team to win the match after finding out that it has a good chance of doing it.
We access the live match at a bookmaker and look for the moneyline markets. Then, we click or tap on the odds that back the team of our choosing. We conclude the bet by typing in an amount and we wait for the match to end. The payout will come if the team is victorious after the final whistle.
- A large number of betting markets
- Betting with cryptocurrencies
- In-play betting and live-streaming
This type of bet is also available as a pre-match wager, but you are not always certain how the teams will perform. So we wait to see how the match starts to shape up before we back one of the teams.
For our second example, we will take the market that allows us to bet on the next team to score. While analyzing a match, we notice that one of the teams is taking more shots. This indicates that it might soon score a goal.
So, we access the sporting event and choose to place a live bet on the featured team to score the next goal. We will lose this type of bet if the opposite team manages to score first. Or if the match ends up without any goals after we made the live wager.
As our last live betting example, we will use the final score market. Here, we wager on the exact final result that will occur in a match. Once again, we choose a live sporting event and then look for the feature betting market.
Next, we type in the result that we think the match will end up with. Then, we choose a stake and confirm the live bet. Now, we will only win a payout if the match truly ends as we predicted it in the first place.
The Advantages of Using Live Betting
There are several advantages of using live betting as a form of sports wagering. First of all, it offers something that pre-match bets cannot provide. That is the opportunity to see how the teams or players perform before placing a wager.
With this major advantage, you will lower the mistakes of betting on teams that will underperform from the start. You may notice that the underdog has a bigger chance of winning. This will mean that backing them will also generate a bigger profit.
Live betting allows you to place sports bets whenever you like. You can do it from your mobile device using the browser or a betting app. It’s super easy and fast to do, especially for experienced punters.
The odds opt to change rather often during the live events as a way to adapt to activities on the event. This gives you a chance to locate a good market with big odds for your live betting. But, you must act fast as the bookmakers are quick to adjust the odds.
Next, we have the cash-out option, which many reputable Nigerian sportsbooks are offering. You can use it to get a smaller payout before the live event ends. Punters often use it when they feel like they have a chance to lose the wager. It offers you a way out if things start to go the other way.
Some bookmakers offer live streaming services, which go hand in hand with the live bets. With it, you are free to spectate the event that you are wagering on or planning to bet on. Seeing the action with your own eyes and analyzing the event is a good thing for live betting.
Best Live Betting Sites Recommendations
When you are ready to place live bets, you should know that there are many bookmakers to choose from. But, that doesn’t mean that every one of them is worth spending money on.
For that reason, we’ve decided to reveal a list of the best Nigerian live betting sites. You can choose any of the following sportsbooks:
- 1xBet
- BetWinner
- 22Bet
- Parimatch
All of these sportsbooks are amazing for live betting, but we recommend you join Parimatch. It is a reputable sports betting platform that has been offering its service for over 20 years. You should start placing live bets at Parimatch, first, because it is a safe and secure betting site.
Secondly, it offers a variety of sports, each coming with the best competitions and events. This allows you to wager on any match you like.
Next, you are free to choose from a wide selection of betting markets. Here we will mention popular live markets like full-time results, total goals, double chance, handicap, correct score, cards, corners, etc.
This top sportsbook is also offering an early cash-out option on certain events. You can also find live streams for many matches, especially for eSports events.
Why Do You Live Bet?
Doing live betting is something that is very beneficial for all punters. Here, we will mention a few reasons to support our claim.
First of all, with live betting, you have the advantage of seeing how a match unfolds. You can see how the teams and players perform and where the match is going before placing a bet. It provides additional knowledge that is important for your decision-making.
Punters are also using the live betting option as it can change their view of a match. Watching how the teams and players perform might make you scrap your previous plan.
It gives you an opportunity to avoid betting on the wrong team. This isn’t possible with the pre-match bets, as you don’t have a clue how the teams will conduct a match.
For instance, you back the favourite to win the match on a pre-match bet. But, the team doesn’t start as it should and now it has some serious chances of losing or drawing the match. Live bets allow you to avoid all of this and come out as a winner in the end.
Another good reason for placing live bets concerns the odds. As we mentioned earlier, the live odds tend to change rather quickly during live matches. This gives the punters a chance to wait for them to raise to make a bigger profit.
Maximize Your Advantages When Live Betting
Live betting is offering you a unique chance to maximize your advantages at the Nigerian bookmakers. There are several ways that you can use this type of wagering for your benefit.
The first is to examine the live statistics of the matches. This way you are able to discover how the teams are playing and figure out when to place a live bet. It can help you decide which betting market to use. For instance, you can bet on yellow cards if the teams are making a lot of fouls.
Another good way to use live betting in your favour is by following live streams. Viewing live matches gives you a chance to find out something that the stats are missing. For instance, a team might attack more than the other.
But, the underdog might create a lot of trouble with their counterattacks. In this situation, you might want to stay away from the favourite and trust what you see on the live streams.
Pros/Cons
Pros
- Place sports bets whenever you like during a match
- Cashing out before the match ends
- You have a chance to see how a match shapes up before placing a live bet
Cons
- Live betting may make you make impulsive wagering decisions
- Little time to analyze and compare, due to the frequent changes in the odds
- Much fewer markets when compared to pre-match bets
Odds
As we mentioned earlier, the live betting odds tend to change during the matches. This is because of the teams’ performances on the field, as well as the changes in the score.
Bookmakers tend to adjust the odds rather quickly, to avoid the punters from generating a large profit For instance, if one of the teams is dominating the match, then the bookmakers will lower the winning odds. They will also adjust the odds on the other markets such as the next team to score.
However, the changes in the odds can also go in your favour if you are fast to act. With the combination of live statistics and live streams, you can find a good time to place a live bet. You will need to do this before the sportsbooks adjust the odds, as it will only result in a smaller payout.
Live Betting Offers and Promotions
Nigerian bookmakers are offering a variety of promotions that you can apply at any time. However, most offers are only available for pre-match bets. So finding bonuses for live betting can be tricky, but not impossible.
You can apply for welcome bonuses that give out bet credits for your live bets. To claim such an offer you must make a certain first deposit. The extra funds can help you figure out how live betting works, before you start using your own money.
Another promotion that can support live betting is the deposit bonus. It offers a match bonus on your deposit, which you can then use on your in-play bets. This is a one-time offer, just like the welcome bonus.
Next, we have to reload bonuses, which you can claim multiple times, but only on a certain day of the week. It too requires a certain deposit to match it with a reward.
Lastly, we have the cashback offer. This is a type of promotion that brings back a portion of your losses. The cashback may apply on one live bet, daily bets, or weekly losses.
Make sure to read the terms and conditions of every promotion that you like to apply for. Also, pay attention to the wagering requirements.
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What Makes a Live Betting Site Good?
The best Nigerian live betting sites make sure to provide the best gambling experience. For that reason, the operators are incorporating several crucial features.
First of all, they expand their selections of sports that support live betting. Then, they include as many betting markets as possible. Punters like to have more options to choose from when placing live bets.
Secondly, these bookmakers tend to offer some very lucrative live promotions. That way, they can attract as many punters as possible. Live bettors on the other hand get extra funds to wager with.
Reputable sports betting sites are also making sure to include the cash-out feature. This is a very important option that many punters use nowadays. The best bookmakers are offering an early cash out on many different sporting events.
Next, the top sportsbooks include the live streaming option on as many matches as possible. This is something that many punters use before placing live bets.
Great usability is yet another important feature of the best Nigerian bookmakers. It makes the live betting experience much easier and faster to do. This is especially possible through a mobile device.
Lastly, the best live betting sites are always on the lookout to give the punters what they need. They are constantly adapting according to the changes in the industry and the players’ desires.
FAQ
To place a live bet, you will need an account at a Nigerian sportsbook that offers these features. After you join such a bookmaker, make sure to verify your account and deposit some money. Then, choose a sport that you like and explore the live match. Select an event that you fancy and decide which betting market to use. Then, input an amount and confirm your bet. Now, wait for the match to end or the bet to come through.
Yes, you can make multi bets that consist of live betting selections. To do this, enter the live category that you are interested in, and examine the available matches. Then, decide which betting market to use on each event by clicking on the featured odds. After that, type in a stake and confirm the multi-bet.
Yes, you can cash out a live bet before the end of the match. However, this feature is only available at some bookmakers and at certain sporting events.
Yes, you can use your smartphone for live betting. Almost all bookmakers have mobile-friendly platforms. Some of the top bookmakers also have their own betting apps.
For many punters, live betting is better than pre-match betting. This is because you can see how the teams perform before placing a wager.
No, you should never expect to win every live bet. Nothing is certain in sporting events, as you can notice that the favourites are not always winning their matches.
Responsible Gambling
Live betting offers many advantages, but it can also cause a lot of harm if you’re not careful. Here, we aren’t only talking about the losses that you might suffer. We also mean gambling addiction.
It is something that you must be aware of at any time. So make sure to wager responsibly at all times. If you feel like you’re becoming addicted, then there is only one thing to do. Reach out to an organization that can help you with your compulsive gambling problem.
Recap of Live Betting
Live betting revolutionized the whole sports betting industry and forced all bookmakers to adapt. With it, the punters are capable of placing wagers after the matches begin. It gives them the freedom to see how the events will unfold before deciding on the live bet.
The live betting option is great if you are analyzing the live matches. You can use the fluctuating odds to your advantage, by placing an in-play bet when they are higher.
Many Nigerian bookmakers also include cash-out and live-streaming options. They can help you make a solid profit while live betting. You are also free to use your mobile device for placing live bets, which is a major benefit.
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