In-Play, In-Game, or Live betting allows bettors to place bets on an event that is live. This form of betting is arguably the future face of sports gambling. As more and more States pass sports gambling legislation, sports franchises will be increasingly incentivized to include some sort of in-game or live betting option for game attendees. Ted Leonsis, owner of the Wizards and the Capitals, has already expressed his interest in having consoles at seats where fans can live bet the action unfolding in front of them.
In-Play wagering ranges from very simple to quite complex. For example, in the NFL, bettors can wager on what type of play will be next – Pass or Run – or if the next play will result in a first down – or which player will score the next touchdown. This will undoubtedly enhance the in-stadium experience for individuals who attend games, as well as anyone with access to a sportsbook app or website during live game action.
Live wagering also includes dynamic live odds which bettors can make bets during game action on many of the standard betting types above, including ML, point spread, and Game Totals. This way, viewers can see the action unfolding in front of them and bet “live” with the game as they watch the game play out.
Look for this type of betting to make a huge popularity jump in the very near future, both at sportsbooks and in stadiums and arenas.