Live betting, also called in-game or in-running betting, is one of the most exciting recent developments in online betting.
Whereas traditional betting allows bets to be placed only prior to the event in question, live betting allows placing of bets during the event, in this case, while a Formula One race is still on. Instead of being fixed, odds are being constantly adjusted to reflect the rapid change in circumstances. Several times during the race, bookmakers will suspend betting for a few seconds while their computer is working out the new odds. You will be able to place your bets based on real-time evidence from the track as long as betting markets are not suspended.
Live betting often goes in combination with live streams of F1 events, so that bettors can watch races online and immediately place bets via bookmaker’s website.
It is always better to be at the actual racing track, but sometimes we just have to make do with live streams and bookmakers are constantly improving their quality. However, there is a few seconds delay, and sometimes this means the difference between winning and losing.
What makes live betting particularly lucrative is the fact that bookmakers don’t have much time to adjust the odds, meaning that you can count on bookmakers’ odds to be less accurate than in regular betting. This means that you have a better chance of beating their odds by noticing something that a computer or their team of experts didn’t consider.
That is why it is important to carefully watch the entire race, looking for small details that can influence the outcome. This is what gives you an edge against bookmakers.
If you are interested in live betting, find an online bookmaker that offers live F1 betting, follow a simple registration procedure and deposit the amount of cash you want to bet.
Betting markets for F1 live betting is similar to the regular betting, and it includes (depending on the bookmaker): outright winner, podium finish, driver matchups, pole position, winning margin, fastest lap time and more.
There is a number of strategies that you can employ when betting live and it is important to find the one that works for you. Do you prefer betting early in the race or later on? If you bet earlier you might get better odds on the same bet, since the odds could go down later if your favourite starts winning. On the other hand, it is much harder to determine how the race will develop early on. You can even place two opposite bets to secure that whatever happens, you don’t lose too much money and still keep the chance of winning big.
Most importantly, have fun!