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Who in the betting universe is unfamiliar with the concept of live betting? Pretty much nobody. Since its introduction towards the tail end of the 90s, enthusiastic fans with a flair for placing bets while sporting action is unfolding have been enjoying the ability to make last-minute calls and wagers.
But not everyone approves of this thrilling but high-stakes activity. Placing a live bet can be fun for many, but very difficult to actually do, depending on where a bettor lives. Australia is one country where the regular rules don’t really apply. While the opportunity to place a live bet or two isn’t completely outlawed, the rules are a bit different. Read on to understand why.
Apps and online platforms are out, but phone calls are in
The unique set of rules and regulations governing sports wagers in Australia means that local online sportsbooks are barred from offering live betting options on any digital platform. It doesn’t matter if a person wants to place a bet using their PC, tablet or smartphone. In most cases, the option simply isn’t there. This is a cause for frustration. Most online bettors are used to having the convenient and seamless ability to place any kind of bet from anywhere they choose, simply by tapping on a few buttons.
But not all hope is lost forever. It is still possible to place a live bet by phoning in. A bettor can dial up their trusty bookmaker and have a chat with a member of a platform’s support team to place the on-the-fly wagers they wish to make. Live phone betting is completely legal. It’s a clever workaround but is, unfortunately, far from ideal. Nobody wants to be spending their precious time chatting away on the phone while their favorite sporting teams are battling it out for glory in real time, right before their eyes.
Betting exchanges offer more freedom
Interestingly, There is an exception that exists that doesn’t force fans to hand over their banking details to shady operators. It is becoming easier for Australians to legally and safely place a live wager without calling in, as long as they know where to look and which trusted platforms to engage with.
What’s going on? The answer has to do with betting exchanges. Platforms that work as exchanges work a little differently compared to their online bookmaker cousins. On these unique sites, bettors can set their own odds and bet against other people. While not the same as normal operating models, they are fully compliant and don’t break any rules.
There is a learning curve for players interested in going down this path. Be sure to do some extra research before engaging to avoid making any rookie errors.
As with all bets, bettors should be cautious about any platform they place their live wagers with online. But, as long as they do their homework and are careful about only interacting with betting sites they trust, in-play betting enthusiasts can enjoy reacting to a game as it happens with real-time bets in much the same way the rest of the world does.
Why not just place the bet before the game?
Australians are a wildly competitive bunch. It’s obvious in how their national teams fight for their titles and also clear to see in competitive betting spaces. In spite of stricter rules, this competitive nature cannot be dulled. They love placing live bets as much as the rest of the globe’s sporting fans.
There are so many reasons why live betting is more enthralling and thrilling than simply predicting the outcome of an entire game. This style of placing wagers has absolutely taken the betting scene by storm because it’s no longer simply about which team will win and which will take the loss.
Recent research on betting trends has revealed that in the UK sports betting market, 49% of all wagers are in-play bets. Alongside the obvious boost to excitement, there are other interesting reasons why the activity of live betting has gotten so popular so quickly:
- More options offer more fun: With live bets, fans can wager on a lot more, more precise potential outcomes. Instead of simply betting on how many goals might be scored by a team. Live betting options include the ability to wager on how many times a specific player scores a try or goal. Everybody loves more options.
- Faster paced play: Placing a sports bet based on a quick decision and almost immediately finding out if it was a correct prediction offers instant gratification.
- Mobile phones make live bets easy: Watching the game and placing a quick online in-play bet in seconds at the pub or at a friend’s place is effortless. The rise of smartphones has undoubtedly boosted the trend a great deal.
- New tech makes decision-making faster: Nowadays, bettors can use cutting-edge tech and tools like AI to quickly run some numbers and make informed betting decisions.
In-play betting elevates the action by allowing fans to base their predictions on early game upsets. It also gives them the exciting opportunity to bet on far more potential outcomes with real-time information. It’s more dynamic, more intense and can make fans much more invested in every single play. Every missed shot, shift in momentum and yellow card becomes a potential betting opportunity when fans wager live.
