Online football betting became a thing in 1994 with the passing of the Free Trade and Processing Act in the tiny sovereign island nation of Antigua and Barbuda, at the conjuncture of the Atlantic Ocean and the Caribbean Sea. Quickly after the World Wide Web went live, this small country saw an opportunity to become the world’s first region to legalize and regulate gambling over the Internet.
Just one year into the existence of this sphere, the list of online bookmakers and casinos numbered over two hundred. Today, thousands of such sites are active, with this sector raking in $43.5 billion in 2023, en route to generating annual revenues of $63.6 billion in the next four years. And it goes without saying that one of the most massive drivers of this industry is live betting, also known as in-play wagering.
At the start of the 2000s, Internet gambling platforms began accepting bets via mobile phones, with the brand Intertops pioneering this practice. However, quickly after this hub implemented this option, many others followed suit, and in the mid-2000s, live wagering was born. Nowadays, this is a standard choice at virtually all online sportsbooks, and it is a favored betting type for newbies and experienced bettors. Below, we get into why this is so.
Trackers & Live Streaming
It is essential that those unfamiliar with online gambling understand that Internet hubs that offer live betting have leveraged technology in multiple ways to create a super immersive experience for platform users. They do this through real-time tracker features that supply a form of play-by-play, informing bettors about what is happening in a match. These interface panels tell them game aspects like who is on the attack and if there is a set-piece occurring. These bits of information usually get presented on a graphical representation of a pitch, with various effects playing on it that seek to engage those who wish to follow in-game goings-on via this method. Plus, there is often a statistics panel below these trackers that rattle sets of data that reflect events that have transpired so far.
While the tracker feature is undoubtedly a neat one for some gamblers, this is not enough for them to stay on a website where they have wagered. That is why some operators have gone a step further, purchasing broadcasting rights to various football leagues and international competitions. Hence, they provide live feeds of games next to an in-play interface, where odds continuously change to reflect match developments on all listed markets.
In-Play Props & Cash-Out
Without question, betting on football matches as they go on enhances the watching experience, turning it into a dynamic and highly interactive activity. It adds an extra dose of excitement, as gamblers’ involvement gets doubled since they care about who wins from a fan/sporting perspective and whether they can profit from outcomes.
Aside from match winners and totals, many online sports betting sites that rank as top brands now also deliver live prop wagering. That is giving bettors the ability to lay down money on things like if a specific player will score a goal, get carded, or get substituted. These are player proposition wagers, and team ones are also usually on the table, such as which side will score first. At some hubs, player celebration or a coach’s behavior during the match may be viable markets.
Concerning live wagering, one of the most sought-after features online is cash-out. That gives bettors the choice to settle their wager before an event concludes. That allows them to minimize looming losses or secure a profit. Moreover, some platforms may even permit a partial cash-out, which lets gamblers take a portion of the winnings while letting the rest ride on their bet. Note that these functions may not be available on all live events listed.