In every online sportsbook, you have two primary ways of carrying out your bet, either as a live or pre-match bet. These two bet types have completely changed the way we people bet on sports. It showed that the betting industry has upgraded from the days of traditional sportsbooks. The digitization of the industry has taken betting to a much higher level.
The betting industry is now divided into bettors who love pre-match bets and those who prefer live bets. Each bet type has its benefits, so the choice of which to make your primary option is dependent on you. For pre-match betting, you make your selections, create your bet, and place your stakes all of which can be done in minutes. The drawback is that it takes a longer duration to cash out your wins. Pre-match betting offers the opportunity to make a substantial amount of profits.
Live betting requires a little more focus than pre-match betting. In live betting, bettors place wagers on events that are already ongoing. It is an opportunity to make quick profits which is what attracts many players. Bets are settled in a very short time letting you cash out your profits. Now that you’ve understood what live betting is all about, it’s time to look at its pros and cons.
Pros of live Sports Betting
- Real-Time Opportunity
Live betting offers the opportunity to make real-time wagers. Since you are actively monitoring the game, you can easily place bets on events you feel might happen. This is how pro bettors operate and make profits at TonyBet.
- Variation in Odds Value
The odds attached to markets under live bets change a lot. This could be a positive and also a negative depending on how it affects you. If you make profits from the odd fluctuation then you have benefited from it. The changes in odds give players the opportunity to find value mid-game.
- Exciting to Play
Live betting is very much fun compared to pre-match betting. For players who love watching sports, it combines two things they love. You can watch your favorite football match and also be making profits from it.
Cons of Live Betting
- Time Sensitive
As little as a simple delay could be the difference between a profit and a loss in live betting. Playing live games requires quick thinking and reactions. It is a very time-sensitive way to bet because, in just a matter of seconds, the game can change in a completely new direction.
- High Loss Rate
It is very easy to make losses when betting on live games. This is why most bettors go in with small bets when playing live games because change can happen at any time.
Pros of Pre-Match Betting
- Ample Time to Carry Out Research
Pre-match betting gives players the opportunity to make a proper analysis of each selection before placing a bet. You can analyze players’ forms, tactics, and stats letting you choose the best odds.
- Stable Odds
Pre-match odds are more predictable than live odds. They are less susceptible to huge changes. This stability makes betting on them much easier. The stability lets you make small but steady profits on your bets.
Cons of Pre-Match Betting
- High Possibility for Unexpected Events
Unexpected events have a high chance of happening which can ruin your bet. A simple event like a red card can completely change the outcome of a match.
- No Chance to Adjust Your Bets
In pre-match betting, once your wager is in, you can’t change it. You are fully committed once the match kicks off.