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The surge of live betting in India led to an all-time increase in competition among online sportsbooks. Many new sites are trying to find a way into this new bustling market and are trying to outdo each other to capture a loyal customer base.
With all these new sites popping up everywhere, it’s easy for customers to be confused about which sites to stick with and which ones to avoid. In order to help them navigate this new booming market, we have gone over the basics of live betting and what players should be focusing on when picking a favourite betting site.
Table of Contents
What is Live Sports Betting?
A live sports bet is one that is made after the game has started but before it has ended. It allows players to wager during the game rather than just before it begins, allowing the odds to vary in reaction to what happens on the field.
A relatively new concept to regular wagering, live betting has been a constant fan favourite feature since the start of the first online betting sites. It allows players to become much more immersed in the event by providing hundreds of additional betting alternatives.
Unlike the classic pre-match bets, the players are no longer constrained to bet before a game and wait until the start of the next game in order to place a bet again. They can now make additional bets during the game based on how the match goes.
The types and odds for a live bet can vary based on many factors. One of these is naturally the sport itself. In a football match for example, one popular method is a wager on who will score next. In this instance, a bet is settled when a goal is scored, and a new market opens up to bet on the next player to score. The odds will constantly change based on the overall score of the game.
One other factor is the betting site offering the bet. Setting up live betting takes up a lot of work and it requires a great deal of investment to set up new stakes on the fly. Because of this, the types of bets and the odds offered will be different for each site. Based on these differences, the player may pick one or several favourite betting sites.
Best Live Betting Sites in India
As expectations of each player will be different, there is no clear “best” online betting site. But there are some that appear much more attractive than others. We have compiled a list of some betting sites that offer the best features for live betting for Indian customers.
Betway
Betway is one of the most popular gambling sites in the world. They have done their market research well, and have dedicated a significant amount of dedication to serve their Indian customers. They offer some of the best security measures to protect the interest of their customers and have a very flexible and easy to navigate interface. One drawback is that unfortunately, they do not have language options for Indian languages.
1xBet
1xBet is certainly one of the top contenders for the customers’ attention. They offer many lucrative welcome bonuses for their Indian clients and allow for many easy deposit options. Although the withdrawals can take time, this is certainly a site worth checking out.
Parimatch
A relative newcomer to the scene, Parimatch has started to put a lot of attention on serving their Indian clients. Alongside very sleek site design, they also offer live streaming options for the games where players can bet live. One thing to note though is that their customer service is still improving and it can take some time for players to receive a response when they need help.
Dafabet
Dafabet is an online betting site primarily focused on Indian customers. They offer a vast array of live betting services for multiple sports worldwide, ranging from cricket, football, basketball to racing events and more. They’re also one of the most trusted betting sites in India and therefore definitely deserve a place on this list.
10Cric
Another site that serves primarily an Indian player base, 10Cric offers excellent odds for live betting and has a reputation for granting speedy withdrawals. One major drawback they suffer from is a limited range of options for racing bets.
Best Live Betting Pros and Cons
Just like with all other aspects of wagering, there is no clear “good” or “bad”. Live betting has its pros and cons and these should be understood well by the players if they wish to make lots of money.
The Pros
- Gaming the system
It’s a well known fact that in any type of wager, the lines are prepared by the betting sites in a way that statistically provides them with better odds of over the players. The chaotic environment of live betting, with its moment to moment decision making, moves too quickly for the sportsbook to always lay out the most statistically advantageous lines for itself.
- Better odds for experts
If the player plays his cards well, live odds will always be more rewarding than the regular ones. Because of the unexpected nature of live betting, if the player can manage the relatively extreme fluctuations of the odds well, they stand to make a lot more money than a regular bettor.
- Immersive fun
Following the game live and making lightning quick decisions on what to bet on or how to bet on it makes for an intense and exciting experience. Putting money on the line simultaneously with the players on the field gives the players a feeling almost as if they’re a part of the game.
Of course the quick paced environment of live betting also has its certain drawbacks and it’s important to be aware of these as well.
The Cons
- Lack of calculation
The pressure of live betting can be overwhelming for some players. It can be difficult to maintain a healthy and rational perspective of the odds in the heat of the moment. Getting carried away with a frenzy of bets or getting frustrated can lead to a loss of money.
- Less opportunity for wagering
Not every online betting site will offer live bets on every game. As we have stated above, this sort of work requires a lot of effort, so it’s no surprise that live betting is rarer than its regular counterpart.
- Time consuming
Unlike regular betting, you have to be constantly involved with the games you’re following and be present for every possible new opportunity. For people who enjoy wagering only occasionally, live betting can be too time consuming.
Odds in Live Betting
Odds are normally calculated before a game by computers with a lot of statistical analysis. The pre-match odds will reflect lines that are usually not that exciting. If a team or player during a competition is highly favoured to win, they will get very low odds, while the odds for the other side’s victory will be significantly higher.
In live betting, these easily understandable concepts can be completely thrown out the window. A simple injury in the field can drastically change the expected results. When such events happen, the wager may be halted for a short duration for the betting site to reevaluate the situation and assess new lines for the game. If the team that was expected to win just lost their star player to an injury, the odds can become much more balanced than at the start of the game.
Another way of odds to be changed during the game is through player input. Some sites can operate live betting similar to the stock market. This means that wagers will be left open to players but each bet will lower the odds depending on its value.
Odds in Live Cricket Betting
How odds are calculated is practically the same in cricket, with only some additional minute details to understand. Betting sites in India will offer different types of wagers that can be bet on during a cricket game and these will vary on how much money they can provide the bettor. Let’s start with the simplest:
The match result
Pretty self explanatory, the most popular type of betting is where the players attempt to guess who will be the winner of the match, or if the game will end in a draw. The odds will fluctuate depending on the teams’ performance.
Number of runs
This is where players can bet on who scores the most runs or whether a player makes a certain number of runs during the game. It could be placed as a double bet, for example 2 players to score 25+ runs each in a single game.
Number of wickets taken
Instead of trying to guess the top batsman, the player bets on the number of wickets taken by the bowlers of the fielding team. In case of ties, the number of runs conceded during the fielding will be taken into account.
There are many more types of live cricket betting with different odds, but they will vary depending on which betting sites the player will be frequenting.
Useful Tips on How to Place Live Bets
More and more new bettors are trying their hands in live betting each day. What everybody quickly finds out is that there is no single way to approach betting, but it’s generally a good idea to set up a clear strategy and stick to it. We have prepared some guidelines to help you avoid unnecessary losses and start winning better rewards.
Know what you’re betting on.
This might sound obvious, but the amount of difference a little bit of research can make is staggering. This research is usually what separates professionals from amateurs who are more likely to lose money. Having background knowledge about the general state of a team, or the condition of a single player can make huge differences on the outcome of a bet.
Keep it cool.
Live cricket betting can be very action packed and it’s very easy to get carried away. A responsible bettor should not let excitement get to their head and stick to their plan as much as possible. One of the most popular mistakes players can make is to insistently bet on the team they support, even if that team is losing. It’s important to be objective and focus on placing winning bets.
Stay within your limits.
With all the bets flying around it’s easy to lose track of just how much money is invested in a single game. The first rule of betting remains crucial. Don’t bet any money you can’t afford to lose.
How to Place Live Bet?
Live bets usually pop up as short term opportunities for the players to take advantage of. Online betting sites often use mobile apps for players to bet. When placing live wagers, bettors must be completely focused on both the game and the odds screen.
Betting sites in India can also function through a live call system. Here the player signs up for a bet and is given a fast code. With that code the player calls places the wager.
Conclusion
With the advent of online betting sites, live betting has become a very enjoyable alternative to its regular counterpart. Everything will happen very fast and the player needs to be sharp. But once they develop a good understanding of how it works, there are quite a lot of opportunities to hit it big.
If you appreciate sports and wagering on them, you’ll almost certainly enjoy the pleasure that live betting provides. It adds a whole new level of excitement to sports betting. This is something worth looking out whether your primary purpose when placing a wager is to gain money or simply have fun.
