How Does Soccer Betting Work
As the name suggests, American odds are most popular in the United States. Working differently for favorites and underdogs, they're also known as 'moneyline' odds. American odds for betting on the favorite work by showing how much money you would have to bet in order to win $100. One of the easiest ways of making wagers on this popular sport is over/under betting. This form of betting is based on the total number of goals scored by the two teams playing against each other. In over/under betting you are simply betting if the total scores of the two teams will be higher or lower than a the sportsbook’s estimated number.
Live betting, also known as in-play or in-running betting, is the process of placing a bet on a sporting event after it has started. For example, you can bet on different aspects of a football match after it has already kicked off and throughout the duration.
It takes away the need to study statistics and puts you at the heart of the action, giving you the chance to change your bet or place a new one during the event. When you’re feeling ready you can check out this site to find the best live sports betting options.
Explaining Live Betting
How does live betting work? I hear you all mutter.
Well, basically, the online sportsbook you’re using will have set odds on a match or event before it takes place.
These odds will change several times after the event starts, depending on what happens.
If Team A were an odds-on favourite before kick-off and Team B takes the lead after a couple of minutes, the odds will change to reflect this. Team A may still be favourites to win, but they now have less chance of doing so. This will raise their odds.
Therefore, a person wishing to bet on Team A will get better odds than they would have if they’d placed the bet before the game started.
It isn’t just goals in a football match that change the odds. Every action during a sporting event will change the potential outcome, altering the betting odds in the process.
The odds are decided by the individual sportsbook, using a computer algorithm which constantly updates the information. Then, depending on what is happening in the event as well as past outcomes of similar events, the odds are changed.
When something significant happens during the event, the sportsbook will usually suspend betting for a few seconds so the computer can work out the new odds. Betting will then continue. This will happen several times throughout an event, giving you up-to-date odds reflecting what is happening in the live event.
More Ways to Win
There are several advantages to betting live, or in-play.
Firstly, you can see what’s happening before deciding to gamble your hard-earned cash. If you fancied a team in a match which looked too close to call, you could wait until after the first few minutes have been played before placing a bet.
There’s also the added possibility of betting on different aspects of the event, like picking the winner of the next frame in a game of snooker or betting on who will win the next point in a tennis match.
This gives the punter more ways to win, as it provides several different betting options they didn’t have before the event started.
One of the main benefits is the ability for the punter to change their mind during an event.
Maybe, the bet on Team A looked like a “dead cert” after studying statistics before the match. However, after thirty minutes when they’re a goal down and have had a player sent off, the bet doesn’t seem so great after all.
The punter can now place an opposing bet, using the new information acquired since the game started.
Soccer Spreads Explained
Basically, it gives the punter more chance of winning because they have more knowledge of a sporting event than they did before.
Obviously, as with any form of gambling, this isn’t a certain way of winning. A deflected last minute goal or a missed pink to the middle pocket may mean the punter still loses.
Want some live betting tips?
Our expert tipster offers live betting tips to some select folk, if you would like to talk to him about this, please fill in the form in our live betting section.
Be Responsible
Live betting gives you the potential to place different bets on several different outcomes throughout the duration of a sporting event.
This means there’s an increased potential of losing a lot of money. Therefore, anyone wishing to gamble in this way must set themselves a limit before the event and stay calm and clear-headed throughout. Remember a good strategy is to focus on losing less.
It’s easy to become frustrated and/or annoyed if you place a bet on one team, only for the opposition to score a minute later. Gambling when your judgement isn’t clear is a sure-fire way of emptying your wallet or bank balance.
So, set yourself a limit and have fun. After all, gambling is a form of entertainment and live betting will add to the excitement if you do it responsibly.
Want to read more?
- How Does Soccer Betting Work?
The fundamentals of soccer betting do not differ too much from the structure of other sports, however there are features of the game of soccer that are reflected in the way its betting works. There are a few ways to bet on soccer: betting on the outcome of the game, betting on the spread, betting on the over/under of the total amount of goals scored in a game, and lastly, placing proposition or 'prop' bets.
How Does Live Soccer Betting Work
Table of Contents
Betting on the Spread
In addition to betting win, loss or draw bets, you can also bet on the spread. The spread is what experts think needs to be adjusted to make the two teams even. For example, if the experts think that Team A should beat Team B by 1.5 goals, then Team B will have a +1.5 spread and Team A will have a -1.5 spread. With that being said, you can also bet on each team to cover the spread. Sticking with the example above, if you bet the Team B spread then Team B would have to lose by 1 goal, draw, or win in order for your bet to be successful. On the other hand, if you bet on Team A's spread, Team A would have to win by 2 goals in order for your bet to be successful. The money line associated with each spread choice is much different than the money line associated with a straight win, loss or draw bet as the likelihood of each outcome is much different.
Betting Props
Another way to bet on soccer is to make prop bets. Prop bets are short for the term proposition bets and are a more specific way to bet on a soccer game. Prop bets are a broad category of specific bets that have to do with a particular game. For example, if you think that Player A on Team A is going to score a goal in the upcoming game, you can bet that Player A will score.
Prop bets are unique because most of them do not concern the final outcome of the game, they instead concern a specific player or specific event. Each prop bet has a money line associated with it that is based on the likelihood of that specific event happening according to experts. Since these props bets are very specific, the money lines associated with them are typically very high and positive.
