Beginners or experienced, our complete guide on live betting helps all punters in the Philippines. Discover with us your bet options and get useful tips.
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The Best Guide to Live Betting in the Philippines
The invention of live betting is probably one of the most celebrated achievements in the sports industry. Live betting, or in-play betting, has completely changed the online sports betting scene. Nowadays it’s the most preferred option for punters not only in the Philippines but around the world.
Of course, there are numerous sportsbooks that offer in-play betting options with decent odds to Filipinos. Moreover, thanks to technology development you can place live bets from the comfort of your home. Read our complete review to unravel all there is to know about live betting. We cover everything, including the types of live bets, the benefits of live betting, some great tips, and much more.
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What is Live Betting?
In a nutshell, a live bet is a wager which is placed after the game or match has already started. Occasionally, live betting is also referred to as in-play or in-game betting. As the name suggests, the bet can also be placed during the event. Moreover, in-game betting has many bet options, such as totals, point spread, moneyline, etc. Additionally, there are special proposition bets that can be placed only in live bets.
However, it is essential to understand that the lines and odds in this case will be constantly changing. The changes depend on what is going on during the event. Unfortunately, not all sportsbooks offer live betting options. That is because of the complicated system that highly depends on technology. Hence, sportsbooks that don’t have decent software providers generally don’t offer live betting.
How Live Betting Works
Live betting works in a very simple and straightforward way. But of course, you can only place your bets after the event starts. However, before starting your journey remember to find a reputable sportsbook first. You can check our sportsbook reviews to speed up the selection process. After that, here is what you need to do:
- Register an account at any reputable live sports betting site.
- Familiarize yourself with the user interface and terms and conditions.
- Select the odds formats that you are familiar with.
- Learn what bet options are available.
- Go to the live section and select an event.
- Place your bet and wait for your profits.
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Types of Live Bets
The bet options you’ll come across will vary from one sportsbook to another. Additionally, live bets also depend on your location. But unlike with regular bets where it takes days or even weeks, here the operator must be able to create new lines in real time. Hence, another live betting requisite is advanced software and professionals to run it. Therefore you can expect the available options to vary greatly depending on the sportsbook. Here are the different types of live bets available to Filipino punters:
Traditional Bets
The bet options that are available before the event will also be available after it has begun. But you’ll get other options too, like the under/over bets and quite a few others. Nevertheless, the odds will change in real time in conjunction with what occurs during the game. For instance, let’s say you are betting on a football match. However, the best player in the team gets an injury at the beginning of the game. Of course, then the odds here will change due to the newly created weak point.
Prop Bets
Normally, in-play betting also provides all the regularly available prop bets that you already know. Depending on the sports betting site, you may choose to play fun prop bets or skill-based ones. The most common options include how many goals a player will score or how many field goals a kicker will get. Many players opt for prop bets because of their great value.
Parlay Bets
With in-game betting, you get the opportunity to turn your single wagers into parlays if you so desire. For instance, you can choose to wager on a trend that you believe will continue. In order to capitalize on your correct prediction, you can add an extra bet to your initial one once the match has started. Moreover, some bookmakers will allow you to create brand new parlay bets within live betting.
Live Betting Benefits
Many Fiipino punters are attracted to live sports betting because of the many benefits that come with it. Here are some of the advantages you will get to enjoy:
- Better Odds: The betting odds in in-play betting are higher in comparison to traditional betting. In-game odds on a losing team are always bigger, as their winning chances reduce during the game.
- Engagement: Live betting allows you to be more involved in the event than regular bets do. The fun and anxiety of following an event you wagered on as it unfolds is immeasurable.
- Match Statistics: Most betting sites provide statistics of the on-going match. Hence, you can make a more informed decision which boosts your chances of winning.
- Entertainment: Live betting involves more high-paced action since players are constantly looking for an edge during the match. By extension, this makes for an additional thrill.
- Additional Betting Markets: Live betting comes with plenty of bet options to choose from. Moreover, the board constantly adds more wagers for the bettors to select.
- Bonuses and Promotions: There are numerous bonuses and promotional offers available at live betting sites. Take advantage of them to boost your bankroll.
- Safety: Many live betting sportsbooks encrypt your data with the latest Secure Socket Layer (SSL) software. Therefore your money and personal details are always safe.
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Live Betting Tips
Many of the tips that apply to traditional wagers also work for in-play betting. However, there are a few that are specific to this kind of betting. Below we’ve put together a list of tips to help all punters make a more informed decision. However, these tips are particularly useful for those who are just getting started with betting live.
- Begin with a Pre-Game Bet: Some punters prefer to start with a pre-game wager before advancing to other complicated ones. This way the progression is smoother and it doesn’t feel like you’re in foreign waters.
- Bet with Limits: The thrill and fast-paced action in live betting can easily carry you away. But for the sake of your wallet’s wellbeing, you should always set limits before you start placing bets.
- Watch the Game: Always make sure that you are following the match that you bet on. Anything can happen along the way and thus change the odds in your favor or against. Stay on top of the situation and take decisions carefully with the event development in mind.
- Manage your Bankroll: One of the rules in betting is never to wager what you cannot afford to lose. You should wager responsibly and consider your previous wagers beforehand.
- Understand the Interface: The live betting interface is slightly different. In order to avoid unintended mistakes, take the time to learn how the interface works before you place live bets.
- Capitalize on Bad Lines: Betting on bad lines doesn’t guarantee that you will win. However, it puts you in a better position to land bigger payouts.
- Bet on Underdogs: Although underdogs have low chances of winning, the payout is always big when they happen to score. Always cash out immediately if the underdogs win.
The Importance Of Live Streaming
It is convenient to place bets on sports and watch the tournament broadcast at the same time. You can react to what is happening in a timely manner, analyze the situation and make bets based on what you see. Today you can follow the broadcast of matches in almost all sports. Bookmakers have turned into real multimedia sports centers, providing not only the opportunity to bet on sports but also streaming live all sorts of sports events.
A lot of players make a choice in favor of those bookmakers that provide live broadcasts for matches. It is much easier to make the right choice in betting when you watch the match and see all the events that occur during the game. Video broadcasts usually are free of charge, but you might need to register to be able to watch them, also some bookmakers offer it without registration and free of charge, so you can enjoy streams of live events that are broadcast in real-time.
Bet on Your Mobile
Of course, you can place live bets from the mobile device. Many sportsbooks optimize their platforms and offer a great betting experience both on Android and iOS. Depending on the sports betting site, you may have to download an application. But normally you can bet directly through standard mobile browsers. Whichever option you prefer, there is certainly a sportsbook out there that will offer it.
Conclusion
Live betting can be a really fun and exciting experience that has the potential for major profits. It is especially worth trying for sports fans with sufficient knowledge about the event. Similar to traditional bets, there are plenty of benefits to this kind of wagers. For example, there is an extensive selection of unique betting options. In addition, the odds are better and you can claim various bonuses to boost your bankroll. However, it is essential to first source a good live betting sportsbook in the Philippines. Consider the license, range of sports, available bonuses, and your data safety when you do that. Now that you know how it all works you’re ready to start your journey.
FAQ
Yes, live betting is a great choice because it is easy to play and comes with lots of betting opportunities.
It’s simple - you select an event and bet option first. Then you place wagers in real time and wait for the game to unfold.
Normally, bookmakers calculate the odds and they use different mathematical formulas which account for various factors.
Yes, you can bet on games both before and after they have started. These wagers are called parlay bets.
In most cases, you can bet on the same type of sports as in regular betting, including but not limited to football, volleyball, basketball, hockey, and eSports.
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