FAQ Live Betting
How does a Live Bet work?
Live betting involves placing a wager on a sporting event after it starts. You can bet on different aspects of a match after it kicks off and throughout the game. You don’t need to study the teams’ statistics and put yourself in the middle of the action. For instance, at Mr Green Casino, you can bet on the first team to score or the possible outcome during half-time. In-play betting has unlimited wagering options since you can bet on various activities throughout the match. The odds also change based on the game’s real-time activities.
What is the difference between fractional and decimal odds?
Fractional odds show the ratio of the profit won to the bet amount. That means you must multiply your wager and the amount you will likely win to get the potential payout. For example, if the fractional odds offered are 2/1, you will receive a $2 win for every $1 you stake at Mr Green. However, fractional odds don’t include your stake, and you will still get your $1 back if you win the bet. Decimal odds combine the potential win with the stake, providing one unit. For instance, the above fractional odd of 2/1 is equivalent to 3.00 decimal odds since you multiply your stake by the odds.
What are the minimum stakes and the maximum payouts?
Most bookmakers have a limit on the total payout rather than the maximum stakes. The minimum stakes usually differ from one bookmaker to another. Bookmakers set a maximum payout instead of a maximum stake to protect the online casino from potential financial damage due to hefty payouts. Having maximum payouts also prevents match fixing, where less popular sports will have smaller maximum payouts and bet limits. Maximum payouts also prevent odds manipulation by high stake gamers.
How are Live Betting odds calculated?
Unlike pre-match betting, where the odds are predetermined, live betting odds change as the game continues. Live betting bookmakers use compilers to change the game’s odds as the match progresses. Odds compilers are always running numbers to predict the outcomes of the games as they progress. The compilers analyze every activity and adjust the line with the odds to match the events in the game. Many sportsbooks rely on computer algorithms to analyze the game’s events and change the odds. For instance, if Team A is winning, the bookmaker will adjust the odds to match the developments.