All you need to know about: Live Betting

Understanding Live Betting in Nigeria

As we've previously stated, live sports betting means placing bets on sports events while they are actually happening. The process is essentially the same as regular sports betting in all other aspects. There’s a wide variety of bets and markets available, and you just need to predict the outcome you believe will occur.

You'll need to find an online sportsbook that offers live betting options. You can place your bets on your desktop or mobile device through these platforms. Online sportsbooks are becoming increasingly popular because they simplify the betting process for Nigerians.

The Advantages of Live Sports Betting for Nigerian Players

One of the main benefits of live sports betting is that it allows you to make informed decisions at the right moments, as you can follow the game's twists and turns live.

Several critical factors can influence a game's outcome. If you place a bet days before the match, you might risk your wager due to unforeseen team changes or injuries affecting your favored team. Live sports betting, however, lets you spot these details and react to the best odds promptly.

For instance, if a team gets a red card, you might consider placing a larger bet on the opposing team, wagering on them to score more goals and win the match.

Players who consistently follow live matches often opt for live betting. Many find that when they bet on a live sports event, they engage more seriously and pay closer attention to details to make the right call.

One final tip: we don't recommend always betting on your favorites. You might get overly emotional and stake more money simply because you believe your team will win.

How to Start Betting on Live Games in Nigeria

If you're considering betting on live games for the first time and you're not sure where to start, you've found just the right place!
We've prepared this practical guide covering the essential steps you need to take.

Getting started with sports betting:

Step 1: Establish a budget: It is important to know your budget before you start betting. Try to allocate a certain amount of money that won’t hurt you if you lose it.

Step 2: Decide on a sport you want to bet on: Make sure to bet on a sport that first of all you are interested in and secondly you have an intimate knowledge of. This way you can increase your chances of winning.

Step 3: Register to a live sports betting site: Choose an online bookmaker and create a new account.

Step 4: Study how to read the betting odds: It is essential that you know how to read and calculate the betting odds as it will help you have a better chance of winning.

Step 5: Know the common betting options: Today, there are more than 100 betting options available for the most sought-after live sports events.

Step 6: Level up your game: After learning the basics, you may think about leveling up your game by looking for some tips and tricks to make money betting on live sports.

Is In-Play Betting Legal?

The answer to this question will change depending on which part of the world you are located in. Generally speaking, live sports betting is legal if you live in a country where gambling is legal. Keep in mind that certain countries do not permit you to gamble.

So, check your country’s regulations for gambling to find out whether live betting is legal or not for you. Remember that it is equally important to use a legitimate live sports betting site in order to safely put live wagers on your choice of sport.

Live Betting vs Regular Betting

Live sports betting is basically the same as regular betting in many aspects. There is a wide range of options you can bet on; you simply bet on an outcome that you think will happen. If your choice is accurate, you will receive your payment. If it is wrong, you lose your wager.

There are two slight differences between live sports betting and regular betting that we think you need to be aware of. First of all, there are additional forms of bet available when you are betting on sports live. Secondly, the odds keep changing all the time.

There are many bets that you can find only if you are betting on live games. For example, with online live sports betting you can place a bet on which player will score next. However, with regular betting you can only place a bet on which player will score first.

Probability of the numerous different outcomes to happen can be affected by many different factors during a live sports event. This is why the odds for live betting markets constantly change as the game continues. These ever-altering odds are one of the many benefits of betting on live sports.

How Are Live Betting Odds Calculated?

Bookmakers use a very rigid and accurate algorithm to calculate the real-time odds. This tool is called an odds compiler. It is a little hard to explain what this tool is exactly.

The method of operation used by the tool is similar to the way traders work to set prices for different goods. They concentrate on price changes in the industry to decide how much they will charge for meat, sugar, and so on.

That is the same way an odds compiler works. The tool keeps track of the gameplay of the sports event. For example, the odds of a team which is defending a lot will be lower.

On the other hand, if a team is attacking more, it will have a higher chance of scoring a goal, so the odds will be higher for this team. We believe this is the simplest way to explain how the algorithm works.

Top Live Betting Strategies and Tips

Is betting a matter of luck or skill? It’s a frequently asked question that unfortunately does not have a single straightforward answer. We can instead give you a number of different strategies and tips that will help you to make the right decisions.

Below, you have the most useful tips to include in your daily live sports betting routine:

1. Gather information about the games in advance : If we had only one word to use when we needed to explain live betting, it would be “fast.” The bets and lines are quite fast and if you haven’t done your homework, you will end up missing out on a great deal of value.
2. Watch the game carefully: You may think that we don’t even need to point this out as it sounds quite obvious, but you cannot imagine how many beginners neglect this. It is always a good idea to take your time and watch the game closely.
3. Recognize factors that can affect the odds of the game: If you notice a football team attacking a lot, gaining successive corner kicks, kicking the ball towards a goal, but not achieving the goal yet, you know that their chances of having a goal is increasing. Then, it may be smart to bet on the aforementioned team.
4. Wait for line switches if the underdog has a good start : If a favorite is falling behind at the beginning of the game, bookmakers with live streaming tend to shift lines earlier than usual. However, you may choose to take advantage of a line that is more profitable than it was before the game began, if you believe that the favorite will catch up and win the game.
5. Determine a strategy and follow it: Be ready to take action and do so quickly, but also remain within your budget and don’t get overexcited. It is common that people get carried away and end up losing a lot of money with live sports betting.

The Best Live Betting Bookmakers

There is no doubt that the technological age has made betting sports online more sophisticated and thrilling for bettors. As technology progresses and artificial intelligence continues to advance, we are going to observe more improvements in live betting.

You have only learned the basics of live betting online. Keep studying and when you are ready to put your knowledge into practice, place some bets on your favorite team via the below listed live sports betting sites:

• Betsson: In the live betting section of this website, you will find almost 600 live events to place bets on every day; these include Table Tennis, Darts, and Volleyball. Good news is that football leagues at the top payout up to 94 percent.
• LeoVegas: This sportsbook provides a wide range of sports betting options for bettors from every experience level and both in-play betting and regular betting. LeoVegas hosts some of the most sought-after markets for various sports, such as baseball, basketball, hockey, football and so on.
• Betsafe: This sports betting site gives all major live events and competitions an extensive coverage, including American football, tennis, basketball, ice hockey, baseball, tennis, and more. You have more than 28 sports to bet on, with thousands of different markets to choose from.
• Unibet: This bookmaker was founded in 1999 and began providing live betting in 2003. Unibet operates a service for approximately 11 million users connecting from more than 100 different countries. Punters will be glad to discover exceptional live sports betting markets Unibet has to offer.
• 10bet: 10bet is one of the fastest growing sports betting sites in the past two decades. The bookmaker is best known for its wide variety of betting options. Players can place bets on live sports events like soccer, football, golf, basketball, hockey, tennis during the entire year.

If you think that you need more information before deciding on where to make live bets, check our comprehensive reviews of some of the best online sportsbooks out there.