How Live Casino Influenced the Gaming Industry
Live betting on games is not just a trend. It has now become one of the most important additions to many online casino games. Why is it popular among punters and what are some of the drawbacks that nobody seems to be talking about?
Read this article to the end to figure out why many gamblers are continually looking out for live dealer games.
What is Live Betting?
Live betting is a type of betting type that allows gamblers to wager or bet on the outcome of a casino game after the game must have started. It is known by many other names, including Betting in Running and In-game Betting.
With live betting, you can take note of the current statistics in a game and use that as one of the metrics for making accurate predictions of the final outcome. You can also use this type of bet to wager on several odds at different points in the game, as that could increase your chances of winning the jackpot.
Why is Live Betting So Popular?
Why is everyone talking about making a live bet and why are gamblers committed to using this type of bet?
These are some reasons that explain the popularity of live betting in the online betting industry:
- Flexible Decision-Making
Unlike other type of bets that require you to bet ahead of time, live betting appears to be a better option. With this type of betting type, you can adjust your wagers/bets as much as you can.
You can always follow the twists, the turns and the projections from other players as factors to consider when making your bets. By watching the team or game for a while, you can find a pattern, which when applied, can help you win the game.
- You Can Beat the Bookmaker
No doubt, bookmakers make money when the odds aren’t in your favor and you make money from your bets if the odds work out as you placed them.
However, you can beat the bookmaker most of the time if you use live betting. The idea is that bookmakers often take some time to change the odds after some changes have been made in the game. On your part, you can take advantage of the slight delay to bet on the odd before it s changed. 75% of the time, you can capitalize on this delay to bet on the odd that hasn’t been changed.
- Live Betting is Entertaining
For some gamblers, wagering on casino games is their definition of fun, because they use that as an opportunity to multiply their bankrolls. For some others, watching the actions as they unfold, (even though this ain’t like the real-world fun at offline casinos), is their definition of fun.
No doubt, you can be entertained as you sit back to enjoy the game because there is plenty of action on live betting. From watching the actions as they unfold and adjusting your bets, the entertainment is unlimited.
The most thrilling is the increased chance of beating the bookmaker to the game before the odds can be changed.
Drawbacks to Live Betting
As much as live betting is impressive, it could also be risky. This is why many online betting platform operators prefer the complete solution because it offers everything they need to offer excellent live betting services.
With that being said, here are some of the drawbacks to using live betting:
- Limited Options
Bookmakers are mostly on the losing end, because smart and fast gamblers could always bet on the odds they had wanted to change or adjust. This informs the reasons why many bookies offer only a few live betting games, as that is a way for the platform to maximize its revenue.
- Live Betting Can be Addictive
Using live betting would overtime, influence you negatively and it wouldn’t be long before you forget to stick to your gambling strategies.
- Increased Loss of Funds
Using live betting can also trigger an increase in the possibility of losing most of your bankrolls. This is because you may not pay attention to important metrics for betting. You may not have the concentration to look at the odds/probability or analyze the game or match before you bet on it.
Strategies for Using Live Betting
Here are some tips to help you use live betting to your advantage:
- Do not use live betting if this is your first time of wagering on games.
- Start with a pre-game bet because that means you did your homework and willing to throw in more bankrolls as the odds in the earlier bet you made earlier start to manifest.
- Make sure you watch the entire game so you can adjust your bet appropriately.
- Only bet the amount you can comfortably lose, because live betting is a faster-paced game. The faster you make profits could also be the same speed you lose your money.
Live betting can make and lose more money for you – all in a flash. The key to succeeding at live game betting is to take the time to master how it works, invest the amount you are comfortable to lose and reduce the frequency of betting that way.