Live betting in Bangladesh: opportunities and advantages
Live betting, or in-play betting, refers to placing bets during a match or event, after it has started. The odds change based on what is happening on the field. For example, if a team scores a goal, the odds for their victory will decrease.
The Live betting market is similar to the traditional online betting, but the odds change every 5-10 seconds, so you need to make quick decisions. Detailed information about the event, including game statistics and live streaming or infographics, is provided. Live betting offers unlimited earning opportunities, but it is important to carefully analyze the matches, understand the discipline, and have years of experience in pre-match betting. Players have more chances to win. The bookmakers’ analysts use a statistical approach to predict the outcome of the match, rather than the match scenario.
Introduction to Live Betting
Sports betting in bookmakers can be done in two modes. The first mode is called pre-match, where bets are placed before the start of the sports event. The second mode is called live, where bets are placed during the sports event. This is what is known as live betting.
Live betting on sports is gaining increasing popularity each year, thanks to technological advancements and the widespread availability of mobile internet. Players are attracted to this type of betting for several reasons. Firstly, it allows them to feel involved in the event. Secondly, it adds excitement while watching the match, and thirdly, there is no need to wait long for the bet to be settled as the result of the prediction becomes known quickly, during the game.
It is believed that live betting has a higher probability of accurate predictions because it allows players to observe the teams/athletes in real-time, enabling them to analyze their current form and consider it in their prediction. The ability to accurately assess what is happening on the field/court during the match can give the player an additional advantage over the bookmaker, which is not possible with pre-match betting.
For example, after watching a portion of the game, one can form their own opinion about the game, the mood of the opponents, and the likely outcome. Moreover, this opinion may not always align with the one formed before the game.
Is the coefficient for the favorite too low before the game? After some time into the game, it may noticeably increase. This is especially true for total bets, as the coefficient for the total usually increases after the start of the match.
When making a bet before the event, the player bets on a line that analysts and various specialized programs have worked on for some time. In live betting, the same program processes information much faster, and bookmakers’ analysts do not have time to intervene and adjust the line, so the probability of finding an interesting coefficient increases. However, the risks of making impulsive decisions also increase.
Advantages of live betting
Live betting offers the opportunity to make quick profits. You don’t always have to wait until the end of the match to receive your winnings. For example, if you placed a bet on a total over (2.5) and the teams scored 3 goals in the first half, the bet will be settled immediately, rather than at the end of the game.
Instant settlement allows you to use various betting strategies specifically designed for live betting. Most systems are based on increasing the stake after a loss to recoup the losses and make a profit. Additionally, if the match doesn’t go according to your scenario, you can place a bet on the opposite outcome. This hedging minimizes losses or even guarantees a return.
After the start of the match, the odds for certain outcomes (e.g., victory, total over, negative handicap) can increase. If the initial odds were 1.35, they may increase to 1.6-1.7 towards the end of the first half. The risks remain the same, but the potential earnings increase.
By watching the game, you can adjust your selection or even abandon the bet altogether. Even a detailed pre-match analysis cannot account for all factors. For example, a key player getting injured during warm-up. Bookmakers immediately react to such changes by adjusting the odds. It’s better to wait for the announcement of starting lineups or, even better, the start of the match.
Assessing team performance
Watching the first 10-15 minutes of the game allows you to evaluate the teams’ abilities, condition, and motivation. Sometimes the actual game may differ from the pre-match analysis. If you anticipated attacking play from a team but see them struggling, you can adjust your bets accordingly.
Disadvantages of live betting
The time for consideration and decision-making is reduced. Before a match, you may have 2-3 hours to analyze data and compare statistics, but in live betting, you don’t have that luxury. You may have intended to bet on a total over, but the betting window closes just as a goal is scored. If you had placed the bet 10 seconds earlier, you could have earned, but now you have to look for another option.
The adrenaline rush can cloud judgment. Players may lose control and make impulsive decisions, especially after experiencing 3-5 consecutive unsuccessful bets. A typical example is the desire to recoup losses, leading to high-risk bets. Even if the first bet is successful, the player may think they are lucky and place a similar bet that eventually loses.