Live Sports Betting
Bitcoin sportsbooks are now an established part of the landscape, and some have grown to become massive household names. The most recent addition to their line-up of services is live sports betting, which allows players to bet on a game as it’s in-play, and it is one of the most exciting options open to online gamblers. But what exactly is it, what sports does it cover, and how can you give yourself the best chance of winning money?
How Does Live Bitcoin Betting Work?
Once you get the hang of live sports betting, it is actually incredibly easy. The first thing to do is head to your favorite live Bitcoin sportsbook (here’s a full list of them) and navigate your way to the live betting section – it’s usually displayed pretty prominently, as they know that people love it. You’ll then see the range of different sports on offer – more on them later – and you can choose the event that you like the look of.
Once you’ve selected your event, you’ll be taken to a screen with all the live betting options. Some sportsbooks will only have a simple selection of bets you can make, while others will have absolutely loads of them. We’ll let you know how good the selection of bets at a site is when you take a look through our reviews.
From there, it’s simply a case of making the bets when you think the time – and the odds – are right. Bitcoins will be taken from your account as soon as a bet is placed, and they will be paid back instantly should the bet be a successful one.
One tip when live betting is this though: you absolutely have to be quick. The odds are changing all the time, so just a moment’s hesitation can see you having to settle for worse odds. Also, it’s possible to lose a fair amount of money in the heat of the moment (thanks to the fast nature of the platform), so keep an eye on your finances throughout.
What Sports Feature in Live Betting?
There are loads of different sports offered for live betting, however, as you might imagine, some are far more popular than others. Soccer, basketball, football, hockey – all are found at the majority of Bitcoin sportsbooks offering live betting. Some will also offer sports such as tennis, rugby and volleyball though, however this really depends on whether they deem that the demand for the service is there.
It is also the case that more and more Bitcoin sportsbooks are now starting to add e-sports as an option for live betting. These are incredibly popular, particularly with Bitcoin gamblers, and the most popular games are CS:GO, DOTA 2 and League of Legends. This is perhaps where Bitcoin sportsbooks hold an advantage over standard ones, as you don’t find too many mainstream sites offering this type of live betting.
Some Tips for Live Betting
For the very best online gamblers, live betting represents the best chance to win some serious amounts of money. It also represents the chance to lose more money as well though, thanks to the fast-paced action it exhibits. So, the first important tip is this: make sure you start off slowly, and avoid placing multiple bets on many different markets at once. Instead, place a single bet at a time, and learn how the system works.
Research also plays a massive role in live betting, and it is something that many people fail to complete. It’s very easy to get caught up in a whirlwind and start making bets impulsively, but this will only lead to poor results. Instead, study the game you’re betting on and pay attention to the stats and figures. What’s more, make sure you’re actually watching the game – you’ll be amazed at how many people don’t even have the TV switched on when betting live!
Finally, live betting is perfect for those looking to make smaller bets, as the chance to place another bet comes immediately afterwards. So, instead of placing one big bet on the result of a game, you can place several smaller bets throughout. Of course, as you get more experienced though, you can start increasing the bet amount further.
Where to Bet Live with Bitcoin
There are many different sportsbooks offering live betting to those playing with Bitcoin, however we think that the number one site to play at is Betcoin. Other fantastic options to consider are BitCasino.io and Nitrogen Sports, both of which also offer comprehensive live betting options to all of their players. For a full list of live Bitcoin sportsbooks, click here.