In-Running Betting

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One of the latest trends in sports wagering is the rush to embrace “In-Running Betting,” otherwise known as “Live Betting.” It allows players to bet on sporting events as they occur, during the actual flow of the game. This form of wagering was initially introduced only for the biggest sporting events, such as major tournaments or world championships that are televised live internationally. However, thanks to real-time streaming of video feeds over the Internet, more and more sports and events are being opened to this exciting betting option.

Consider, for example, the 2010 Wimbledon Championship. If a punter liked #2-seed Rafael Nadal to win the Gentlemen’s Singles title, there were only a handful of possible bets available: an ante post wager prior to the tournament, a straight bet on the championship match, and perhaps an exotic side at higher odds, such as Nadal to win the finals in straight sets. Once the deciding match against #12-seed Tomas Berdych of the Czech Republic got under way, there was nothing to do but watch and wish one had wagered even more on the outcome, which the Spaniard went on to win 6-3, 7-5, and 6-4.

With in-running betting, the possibility of raising the stakes becomes possible. In the second set, when Berdych appeared to find his stride and banging services Aces, a wager on Nadal to finish without dropping a set would have been a huge winner. But there is much more to in-running betting than picking a winner. Bets can be made on almost every aspect of an event as it happens, from which player will win the current point to whether the speed of Nadal’s next serve will break 120mph.

In-running betting is just as advantageous to those who have backed the wrong side. A bettor who watches a favoured side get off to a poor start might find opportunities to place hedge bets during the match to limit losses. Indeed, hedging is the #1 use of live betting—to cover regular bets if a game turns sour.

Online, the web sites of major bookmakers have established special sections just for in-running betting. The most common types of wagers available are bets by period, set or half, breaking the event down into smaller components. For team sports, bets on specific individuals are popular, such as who will score the next goal or make the basket. The possibilities are truly endless.

And where bookmakers or sports books do not provide all the in-running markets one might look for, betting exchanges do. Their in-running sections allow subscribers to make up their own lines and offer their own exotic wagers to other bettors.

Winning consistently requires finding operators who offer good odds. This can be accomplished by direct comparison, running two different in-running betting web sites in separate windows during an event and comparing the odds they offer as a match progresses.

And In-running betting is by no means limited to the Internet. Large casinos, such as the M Resort in Las Vegas, have introduced it through their sportsbook, and they have come up with a way to make in-running wagers mobile, so that bettors need not be present in front of the televisions screens to take advantage of opportunities as they occur. They make both mobile handsets and mobile gaming stations available to customers, who can wager in their rooms, poolside, or elsewhere on the casino floor.

The downside of in-running betting, of course, is that it requires paying close attention to the event. Unlike traditional wagers, which are deliberate choices based on carefully gleaned information, live bets demand spontaneity and a very different type of risk-taking. The great rewards to be reaped are not for the faint-hearted or casual observer.

Published on: 27/09/2010

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