Will US Sports Betting Market Follow European In-Play Betting Behavior?
The sports is still in its infancy. There is a lot to learn for both operators and bettors that are new to the market. Changes will be made, as technology advances and the industry matures. One thing which we are already starting to see, a rise in the number of in-game bets.
What is In-Game Betting?
In-game betting is the process of placing a bet on a result for a game that is already in action. A good example would be placing a bet on a kicker in an NFL game to make or miss a current field goal attempt. In-game bets aren’t only geared towards prop bets, but they also fluctuate the moneyline odds and also the spread for a game goes on.
As an example, if the Green Bay Packers are playing with the Chicago Bears, let us say the Packers are a 7-point favorite. Bettors can place bets throughout the sport as that disperse fluctuates with the game. If the Packers are up by 14 in the fourth quarter, then you can expect the spread to change to somewhere in the assortment of 14 points, as opposed to the seven points it was at before the game began. At this time you are essentially gambling on just the fourth quarter after having to see how each group played for three quarters.
That’s one reason in-game gambling is becoming so popular. Instead of gambling before a game starts, you can watch a number of this game and get a sense of the way every team is playing prior to making your wager. Another attraction of in-game betting is the rate of outcomes. Rather than placing a bet on an MLB game until it starts and having to wait for three hours to possibly collect your winnings, an in-game bet could provide a quicker turnaround. You can put a bet in the ninth inning and also have your cash in minutes. An alternative is to bet on the result of a field target like we spoke about before. In minutes you can collect your winnings. That speed of cover brings some bettors who do not like to wait for hours to triumph.