Hockey is a great sport for betting, with games on almost every day of the year from the start of the season until the Stanley Cup Finals in May and June.
While traditional betting would involve choosing a side to win outright or against the spread and then watching the match and your bet unfold, the modern world of betting is very different. Looking across to Europe where the betting industry is highly established, a large part of betting is done during the games rather than beforehand.
Bookmakers are constantly updating their odds on a variety of markets as the storyline of a game takes shape, allowing you to look at the game for yourself and make a judgment as to which way it will go.
In addition to placing bets online during a match, in-play betting also allows you to “cash in” your bets - if your team is doing well, you can cash in for a profit before the bet has been settled, or, if you don’t feel as confident, you could cash in for a small loss and avoid losing your bet completely.
Why Bet In-Play?
Betting before a game is still popular, but betting in-play opens up a wide range of possibilities that weren’t previously available.
Betting on a match before it has started involves a lot of guesswork - knowing which players will turn up for a certain game is hard to judge, while injuries and ejections can dramatically change the face of a game.
By betting in-play, we take away a lot of that guesswork. Instead of trying to decipher a game on paper before it has begun, we can see how players and a team are playing as the match unfolds before our own eyes. We can then use our own judgment to work out which team will win, and react to events in a game in order to maximize our opportunity to make profits.
How to Place In-Play Bets
Placing bets in-play is really easy - it isn’t really any harder than placing a bet before the match has begun.
Most online sports betting sites will have a section of their site dedicated to games and events that are in process. Simply pick the game or the event that you want to bet on, and the odds will be displayed just the same as if you were betting before the game had begun. The one main difference will be that the odds will be changing in front of your eyes based on what is happening in the game.
In slower sports, like golf, for example, these changes are likely to occur less often but be more extreme. Faster sports like basketball could see more constant changes in the odds, but with the changes to the odds less exaggerated.
Another important tip for in-play betting is that most betting sites will put a short time delay on in-play bets. This means your bet won’t be processed instantly, allowing the bookmaker to ensure you aren’t placing a bet the second before a massive moment in a game. It’s usually only around 5 seconds, while some markets might also be suspended while big plays are in process, meaning you’ll have to wait for the play to finish before you can place your bets.
Best Sports for In-Play Betting
Most sports will offer some kind of in-play betting opportunity, but some sports are naturally more suited to live betting than others.
Football and hockey are both games of big moments, which will dramatically change the odds on offer. This means there can be good opportunities to get great odds in-play, if you are willing to bet on a side that has just conceded a goal or touchdown but has the potential to come back into the game.
Golf is a great sport for betting in-play, due to the number of players that start in each tournament. We are often faced with fields of 140 plus before the event starts, so waiting until the third or fourth round means we can look at how a tournament is evolving and back the player that has shown the best form or mentality as the event reaches its climax.
Most sports offer good opportunities for betting in-play, and betting live on a game can make an already exciting game even better.