Live Betting Odds

Live Bet Lines

Online gambling has fundamentally changed the way that gamblers interact with the world of sports and bets. Live betting odds and lines can now be accessed from the comfort of your living room, bedroom, or even on the train for your commute.

With sports games such as football matches and basketball games ever changing while game is in play, it makes sense that odds and lines should fluctuate accordingly. This is where live bet lines come in, as we're going to explore today. We’ll take you through the ins and outs – a lesson for beginners and a refresher for pros!

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Odds comparison – why bother with a live sports betting odds/lines calculator at all?

Trust us – we hear you. It's all an extra bother to have to compare the odds and lines for each bet you make and to consider how live betting odds and lines can change. However, the live betting odds and lines for any fixture can be crucial to how you perform when the outcome of your bet is settled. If you win, then your odds and lines will impact your earnings.

Essentially, you're shooting yourself in the foot if you don't consider different odds and lines while betting. Do you want to get the most out of your sports betting experience? Regardless of the sport, the best betting odds NFL bettors are looking for are the same as the best betting odds and lines NBA fans are after - we all want the best odds and lines! Then you have to consider live sports betting odds/lines and do your homework to really reach up for that success. You could feel just as jubilant as the team who have just won the match if you plan your bets and approach the odds and lines carefully.

Getting the insider info – how are live betting odds determined?

As with any gambling, there is a little bit of luck involved when sportsbooks start determining their odds and lines for their users. While every sportsbook will start the same with their margin, which is taken away from the odds and lines that they determine for a specific fixture, the rest of the process can differ wildly. Sportsbooks have to decide on the probabilities of outcomes for fixtures and this step involves a lot of research. Of course, no one can ever accurately predict outcomes one hundred percent of the time, so this is where a little luck comes into play.

But it can't just be luck – why else do different sportsbooks have different odds and lines?

One main reason is that a sportsbooks might have a different margin than another, which can be impacted by many factors. Sometimes, the success and exposure that a sportsbook has can affect this, while most of the time it is related to how likely an outcome for a bet is. In general, sportsbooks want to keep their margins fairly similar for different bets, so their margin percentages will fluctuate to accommodate this.

Another reason is that the research behind odds and lines can often be quite individualistic. At the end of the day, there is no scientific formula which can absolutely and correctly predict a correct winning horse or team each time. Sportsbooks are teams of real people who rely on their own experiences as well as statistics and history to calculate odds and lines. As such, these sportsbook odds can often change between sportsbooks, meaning that live sports betting odds/lines calculators can be a really useful tool for gamblers.

Wait a minute – why are there different odds/lines formats?

When you get onto a live odds/lines betting website, you may see the option to change odds and lines formats. But why are there different types, and what do all the different types actually mean? It can all seem a little bit confusing, especially for those newer to the world of online gambling. Whether you are looking for the best betting odds for NHL games or betting odds and lines for college basketball, the odds and lines are presented the same. So, let’s break it down simply by working through the different odds/lines formats.

Decimal odds – a quick explanation

This is the European form of showing odds. Basically, the decimal odds/lines show the amount you will win for every one dollar that you bet. These are preferred by many gamblers because they are a little simpler to understand, especially at first glance.

All you need to remember is that the decimal number that you see represents the total payout from the bet – it’s not just your profit, as this includes your stake as well. All you need to do when calculating your final total payout is to multiply your stake by the decimal number displayed for the odds and lines. Take these examples:

  • Horse One: 3.00
  • Horse Two: 1.3

If you bet $100 on Horse One and your bet is successful, then you could receive $300 as your total payout. If you bet $100 on Horse Two and your bet is successful, then you could receive a total payout of $130. Upon seeing these two odds/lines, it can be assumed that Horse Two is more likely to win its race than Horse One, as the odds and lines are lower meaning it is less of a risk to bet on it as it is fairly probable that the horse will do well.

Fractional odds – another quick explanation

So, how are fractional odds/lines different to decimal odds? They are mostly used by sportsbooks from the UK and Ireland, and are seen as more traditional than the other popular odds/lines forms. They are sometimes written with a slash (like this ‘/’) but are also sometimes written with a hyphen (like this ‘-’). These odds and lines do not include your stake.

An example would be:

  • Horse One: 4/1
  • Horse Two: 15/2

If you bet on Horse One and your bet is successful, then you will receive four dollars to every dollar that you bet, plus your stake. So, if you bet $100 on Horse One and it wins, then you multiply one hundred by the fraction 4/1 and then add your stake to find your total payout, which would be $500 in this case.  If you bet on Horse Two and your bet is successful, then you will receive fifteen dollars to every dollar that you bet. Just multiply your stake by the odds/lines fraction to find your total profit, which is $750 in our example, and then add the initial stake on top.

American odds – a final quick explanation

Now we come to the odds/lines that you may be most familiar with: American odds, also known as MoneyLine odds. There are two symbols to take note of here – plus symbols (like this ‘+’) indicate underdogs, while minus symbols (like this ‘-’) indicate favorites. The odds and lines for a favorite will look like the amount of money you need to put in your stake to win $100. The odds and lines for an underdog will tell you the amount you win for every $100 that you stake. Let’s get back to our favorite horses to see how this looks in practice:

  • Horse One: +425
  • Horse Two: -200

If you bet $100 on Horse One and then Horse One is successful, you will receive $425 plus your initial $100 stake. If you bet on Horse Two, then you need to bet $200 to win $100 plus your initial stake of $200 back.

What do I do when it comes to EV betting?

EV betting, also known as expected value betting, is a great way to stabilize and improve upon your month-to-month gambling winnings. Before you dive into EV betting, however, it's important that you understand how live odds and lines betting can be affected by calculating the expected value of odds/lines.

Calculators will take into account your stake, the odds and lines for your wager, and also the probability of a win for your bet, or a win percentage as it is sometimes called. You can use a live sports betting odds/lines calculator to enter in this information and then find out your profit margin for any given bet. There are plenty of these available online, but it's important to choose reputable services such as those recommended by us to ensure that you're always getting accurate results.

But I have a favorite sportsbook – why would I look elsewhere?

As much as we would like to think that staying with one sportsbook for all of your bets would benefit you, we’ve done the research and we know that this simply isn't usually the case. Although you can benefit from existing user bonuses at various sportsbooks, these usually cannot compare with the value you could accrue from odds comparison. Carefully adjusting how you make live bets by including researching other operators before you make your bet could benefit you much more than a few existing user bonuses, which you can also pick up while comparing operators.

In short, it really makes sense to shop around. One sportsbook may have the best betting odds and lines college football fans want to see, but not offer the best golf odds/lines. You'll find yourself stumbling across great deals, sportsbook promotions and odds/lines which you might have never noticed before. Also, one sportsbook may not offer bets for a fixture that you want to bet on, meaning you will have to either look elsewhere or give up on betting on the fixture altogether. With online gambling, you have the entire internet at your fingertips – literally – so why would you limit yourself unnecessarily?

What else should you consider when looking at live bet lines?

So, by now we would hope that you're getting a good understanding of just how important odds/lines comparison can be. However, it isn't the only factor you should consider when comparing sportsbook and which bets you should place. In fact, there are a number of different factors which you should include in your bet preparation, such as:

  • Welcome bonuses and existing user bonuses at a sportsbook
  • Loyalty programs and points rewards
  • Availability of sports to bet on
  • Betting features such as build-a-bet and cash out
  • Whether live streams are available and which sports they can be used with
  • Betting limits and withdrawal limits
  • Available payment methods for a sportsbook, both for deposit and withdrawal

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Odds comparison vs live betting – how should your tactics differ?

Now, the main attraction of live betting odds is that they change throughout a fixture to reflect the changing probabilities of outcomes based on real time evidence. It's certainly exciting, but some people can get a little bit confused or overwhelmed while watching the odds and lines change. When are you meant to bet, and how long should you wait before locking into a bet?

The first thing to consider should be viewing different operators and getting a broader range of odds and lines to choose from. If you are into a particular sport, look for sportsbooks who may specialize in it. Into your soccer? Then find which sportsbook offer the best betting odds and lines MLS fans want to see.

You can also check out social media while a fixture is ongoing to see opinions from both professionals and gamblers like yourself to see how betting trends for the fixture are going. There are also moments when it might be best to find stable odds/lines and be able to place a bet; usually, these are lulls in the action such as half time or pauses while players are switched in and out of the game.

Some parting advice for live betting odds and lines

We know better than anyone that the world of live bet lines can be a little confusing. However, comparing odds from different sportsbooks can give you a great advantage, as can watching a live stream or TV footage of the fixture you're betting on. As ever, don't forget to consider welcome bonuses and existing user bonuses when you bet, and never let the action of the game remove your usual gambling caution.

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Live Betting Odds FAQ

⚽ Do live betting odds and lines change during fixtures?

We at Promoguy.com know that live betting odds and lines are an exciting development for all online gamblers, but we also know that there are a lot of questions surrounding them. This is why we've created our easy guide to live betting odds and lines.

💯 Which sportsbook will offer me the best odds and lines for sports betting?

You may be hunting for the best betting odds and lines for MLB games, so where do you go? This is a tricky question because odds and lines such as live betting odds/lines can change even during fixtures and no one can absolutely say what the outcome of a fixture will be. However, we at Promoguy.com give you the tools you need to succeed with sports betting odds and lines.

❓ How do live bet lines affect EV betting?

This is a factor of EV betting which we cover at Promoguy.com because we know how much gamblers who utilize EV betting could benefit from live betting odds/lines and the tactics that we cover in our simple guide to live betting odds/lines.

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