How Does In Game Betting Work
- Live In Game Betting
- What Does +100 Mean In Betting
- How Does In Play Betting Work
- How Does In Game Betting Work In Poker
In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn’t have anything to do with a spread. You may also see a money line bet listed as “Money Line” or “ML” in different spaces.
If you're new to sports betting, the odds are usually listed in one of three ways: American; Fractional; Or Decimal; American odds work a little differently to the others. The odds for a favorite team to win the game are usually listed with a '-' sign, which indicates the amount a better would need to bet to win $100. What Is Live In-Game Betting Betting live in a game at a sportsbook will take you to a separate section entirely. Here, you will be given the option to wager on games that are currently taking place, as well as check out the upcoming games on the schedule to wager. Among the wagers that can be placed covers a number of aspects. 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.
Money lines are represented in negative and positive values.
Negative money line: -145, -220, or anything similar
When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game.
That number also indicates how much money you need to bet/spend in order to win $100.
For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
Heavy favorites are known in sports betting as a “chalk” pick. A heavy favorite usually has a number pushing +300 or more. Here, you’re wagering a lot on the favorite to win a little. Don’t assume that a heavy favorite, or chalk pick, is a guaranteed winner…
Positive money line: +145, +220, or anything similar
When you see a plus (+) sign in front of a price, it shows you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.
The number also indicates how much money would win in comparison to every $100 you wager.
For example, a +150 money line means you would win $150 for each $100 wager you place should that team win the game.
Money line examples:
Lets use an NFL example here:
New England Patriots -240
Miami Dolphins +220
To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit.
To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit.
In both situations, it doesn’t matter if the team you bet on wins by one point or 100 points. You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost.
Even though the names sound similar, in play betting is different than in-game betting and has much more to offer sports bettors. In-game wagering is simply wagering on a game while it’s happening. Sportsbook odds for the in-game will usually only change during a timeout or commercial break.
The subtle difference between the two betting options is that in-play wagering takes place throughout the game. Odds change after almost every play or possession throughout the game. In-play wagering is currently available for game-specific wagering opportunities. There are no individual in-play wagers available for specific player propositions. The types of in-play wagers could and should change in the future.
In Play betting odds
Like traditional pre-game odds, every sportsbook could have different in-play odds. The probability of the in-play event occurring comes from a proprietary algorithm from the sports wagering app software developer.
Each top online sportsbook adds their desired edge to the algorithm’s probability and odds are computed and offered to the customer. In-play odds may be different even if sportsbook operators use the same mobile wagering app and algorithm for their in-play odds.
This would be a lot of work and nearly impossible for individual bookmakers. Thanks to advances in technology, computers can process all of this in a matter of seconds.
Live In Game Betting
How to place an in play bet
What Does +100 Mean In Betting
In play bets take place via mobile sports betting apps. Bettors have to be very focused on both the game and odds screen when placing in-play wagers. There may only be a few seconds when some in-play wagers are available. Depending on the sport the odds change after almost every play. If there’s a certain number available that makes sense to bet, the opportunity may only available for 10 to 20 seconds.
In-play betting isn’t for everyone. In addition to understanding what each wager is for, the bettor must be quick on the draw. This usually means that the bettor must have a mobile device turned and be logged into an account (or accounts). The accounts should be funded so a wager may be placed as soon as the numbers make sense for a bet.
Get Real-Time In Play Betting Odds at Online Sportsbooks
How Does In Play Betting Work
Why in play is good for bettors
In-play wagering is useful for a bettor who misses placing a bet before the games begin. Unlike in game wagering, there are multiple betting options available during the game including; point spreads, alternative point spreads, moneylines, and totals available with In Play wagering.
Since the data is updated in real time, the odds should be fair. Each sportsbook operator places an advantage into the price of the wager so some odds may be fairer than others. Much like pre-game wagering it’s wise to shop around at different sportsbook operators to see which offers the best prices for In Play wagering.
These wagering options are available throughout the game and they also allow a bettor to wager on the other side of what may be a losing wager. Additionally, bettors can play both sides of the game in an effort to “middle” the game. This would allow the bettor to have both sides of a point spread and possibly maximize a win if the final score falls in the middle of the two bets.
Why in play is exploding in the U.S.
In play betting in the United States is still getting off the ground but can become incredibly popular in time. Bettors around the world have taken to in-play wagering. According to Craig Mucklow, vice president of trading for Don Best Sports, there are more wagers are taking place during games in Europe than before the games.
However, in-play wagering still accounts for less than 20% at most Nevada sportsbooks. On the high end of in-play betting William Hill sports book director, Nick Bogdanovich told the Las Vegas Review-Journal that in-play wagering accounted for 22% of William Hill’s betting handle in 2017. There’s plenty of room to grow for one of the leaders with in-play wagering in Nevada.
How Does In Game Betting Work In Poker
In-play wagering still isn’t available from all Nevada sportsbook operators. The deployment of in-play wagering with more sportsbook operators should make this the year this form of wagering really starts to take off in Nevada.
In-play betting should see a big increase once every sportsbook operator has the technology to deploy it. The next growth spurt could come from the introduction of new wagering options.
Pre-game player proposition bets have become more popular every year. Once player propositions become available for in-play wagering we should see another increase in the popularity of this kind of wagering.
Overall, all types of wagering will become more popular once sports betting becomes legal across the United States. At this point, the sports leagues and TV networks should become involved with sports betting. While football and basketball might be the most popular sports to wager on during a game, the options will be limitless and could include sports such as tennis, golf, and soccer.