Live Betting In Indiana
There have been a number of significant developments in the sports betting industry in recent years. The fact that it’s a legal and regulated practice in a number of states, including Indiana, is at the top of the list, as is the rise of online and mobile options.
Another area that deserves serious discussion when the topic turns to game changers is live betting, which has been one of the most explosive areas of growth across the entire industry in recent years.
As the name implies, live betting means that you can place your sports bets as the action is taking place in real time. This was once a niche offering at certain operators, but it has now grown to be one of the featured components at several leading sportsbooks.
We’re going to cover all of the ins and outs of live betting right here, starting with the top places for residents of the Hoosier State to get in on the action.
What is live betting on sports?
It wasn’t too long ago that you needed to have all of your wagers in before a game got underway. That’s no longer the case, and we have the innovation known as live betting to thank for that.
Live betting provides users with new opportunities as the action unfolds in real time. Odds and offerings will vary in these fast-paced markets, but that only enhances the appeal for many bettors.
In general, you’ll find live betting opportunities that are similar to what you’ll find in advance of the game itself. There may be updated moneyline odds, point spreads and totals, for example
There will also be a good selection of offerings that are similar to what you’ll find in pregame prop betting markets. Think of side bets from a team- or player-based perspective that revolve around things that may or may not happen during the course of the game.
Since the markets move so quickly, the discipline and strategy components of sports betting are a must for live betting, which can also be referred to as in-play or in-game betting.
In a nutshell, it’s important to choose your spots wisely and only jump on the opportunities that you find most appealing. Trying to bet on every live betting offer during the course of a game can make it real tough to walk away ahead when all is said and done.
The same applies with sports betting in general, but it bears repeating here. Live betting is very exciting and opens up the doors to additional profit opportunities, but it’s important not to get too carried away and throw caution to the wind as you get caught up in the action.
To further demonstrate live betting and how it works, let’s walk through some examples with each of the major North American team sports.
NFL live betting
The NFL attracts tons of betting action as it is. Each packed Sunday afternoon slate is an event, and the same can be said for each of the individual prime time games.
Live betting helps to take it to a whole new level. One of the coolest things about NFL handicapping is that you have extra time in between games to break down the contests.
However, even the most finely tuned strategy can go by the wayside once the games kick off. The scenario you have laid out on paper can be quite different from what actually happens once the teams step on the field.
For example, let’s say that you broke down a game between the Jacksonville Jaguars and Indianapolis Colts. The latter is a 2.5-point home favorite and is seeing odds of around -140 on the moneyline. Your handicapping points you to the Colts, so you place a bet on both.
The game gets underway, and the Jaguars flip the script. Before the Colts know what hit them, Jacksonville is up by a score of 10-0. The outcome of the game now looks like it may be quite different, and the live betting market responds with updated moneyline odds.
- Jacksonville Jaguars -155
- Indianapolis Colts +135
When this opportunity comes up, you now have a range of three choices:
- You can stick with your original bet and hope for the best.
- You can hedge your original bet by placing a wager on the Jaguars at updated odds.
- You can decide that a Colts comeback is in order and place an additional bet on the home team.
Let’s say you choose option three. The rest of the game plays out, and it turns out you were quite prescient as the Colts come back to win a 27-24 thriller.
This was a really good day for you as you cashed both of your initial bets. It was made even better with live betting as you were able to cash another ticket on Indianapolis at even more favorable odds.
NBA live betting
A jam-packed nightly schedule featuring the best players in the world makes the NBA a top choice for scores of bettors. Live betting affords them even more ways to get in the game.
As an example, let’s consider a potential marquee matchup between the Los Angeles Clippers and Los Angeles Lakers. The Lakers are slight home favorites in what’s expected to be a tight and high-scoring affair.
You got some bets in advance of the game and settled in to enjoy, but you also decided to keep an eye on the live betting market to see what pops up. For the first quarter, you stay on the sidelines as the Clippers get out to a 28-25 lead.
New live betting odds appear, and one of the opportunities catches your eye: Which team will score more total points in the second quarter?
- Clippers -115
- Lakers -105
As you see it, the hosts are going to respond heading into the half, so you place your bet on the Lakers side. As it turns out, the Clippers outscore them by one point to go into halftime with a 4-point lead.
You’re down on that one, but a new opportunity comes up in the third quarter. Kawhi Leonard and LeBron James both have 18 points at this point, so the following offer pops up: Which player will finish the game with more points?
- Leonard -110
- James -110
Now that you’ve watched the game play out a bit, you decide that Leonard is in line to finish up on a high note. You place your bet, and the Clippers go on to win by two points. Leonard wraps it up with 32, while James sits at 29.
You just witnessed an awesome game, and you were also able to cash another ticket thanks to live betting.
MLB live betting
The 162-game MLB regular season is a grind for the players, and the same can be true for sports bettors. There are plenty of opportunities to choose from each and every day.
However, the fact that moneyline is the most popular form of MLB betting can make it tough to generate consistent returns. Favorites don’t always come in, and your hunches on underdogs can prove to be wrong.
Live betting opens up additional opportunities, and some of them can be quite fruitful. For example, projecting an entire game out can be challenging, especially once the bullpens get involved.
On the other hand, figuring out which side may get off to a better start can be a little easier. For live betting purposes, you might come across early-game scenarios such as the following for a game between the Cleveland Indians and Chicago White Sox:
Which team will score three runs first?
- Indians +110
- White Sox +125
After analyzing the starting pitching matchup, you decide the Indians are more likely to get rolling early. You place your wager accordingly. Once Cleveland gets out to a 4-0 lead in the second inning, you have yourself a winning ticket.
This is just one of many different offerings you’ll find during the course of an average MLB game. In addition to being potentially profitable, live betting also helps on the overall engagement front.
NHL live betting
The NHL is another of the nightly sports with an incredibly passionate and loyal following. It’s most similar to MLB in terms of betting, as the moneyline attracts most of the attention.
However, totals and what’s known as the puck line will also see a fair share of action, as will various prop betting opportunities presented in advance of the game.
Once the first puck is dropped, the live betting market gets underway. Let’s consider a random game between the Pittsburgh Penguins and Washington Capitals.
When these two rivals hit the ice, entertaining games generally follow. As the action plays out, you’ll see plenty of in-game opportunities, such as:
- Which team will win the first period — Penguins or Capitals?
- Who will record more points — Sidney Crosby or Alex Ovechkin?
- What will be the situation at the end of period two — Penguins lead, Capitals lead or game tied?
Live betting also affords you the opportunity to drill down even further. For example, if a power play opportunity breaks out, you might see odds pop up on the possible outcomes.
- Power play goal +120
- Short-handed goal +200
- No goal +100
The action on the ice moves fast, as do the live betting markets. Keep your eyes peeled as the games play out for the offerings you find most appealing.
Live betting sports odds
Unlike the traditional sports betting market, there’s no centralized location for live betting odds. That’s due to the fact that the market is dependent upon what happens once the game gets underway.
Offerings will vary depending on which book you are playing on, and it’s impossible for them all to be in line due to the fast-moving nature.
However, you will be able to stay on top of the market as the game unfolds. The best way to do that is with the use of a sports betting app.
We’ve outlined the best ones for the Indiana market up above, and we encourage you to try them all out. Just remember to click on our exclusive links so that you can take full advantage of the generous sign-up offers.
As games get underway, be sure that you’re logged in on the app and keep it handy. What’s more, you can keep multiple sportsbook apps going at once and shift back and forth between tabs to find the most appealing opportunities.
For a good rule of thumb, treat live betting odds similar to how you treat lines in advance of the games themselves.
While there’s nothing wrong with taking a swing for the fences on longer odds here and there, just remember that the long shot odds are astronomical for a reason.
As always, only place the bets that you are most comfortable with. You’re not going to win them all, but that’s a lot easier to take when you’re sticking with a strategy that’s geared toward the ultimate bottom line.
How to handicap live betting
Since the live betting markets move so fast, it may seem as if there’s absolutely no time for handicapping. That can be true with opportunities that can disappear in an instant, but things that you learn while researching a game can prove to be useful once the action gets underway.
Among the solid ways to approach live betting are with a clear understanding of how teams and players perform in particular situations, such as:
- Which of the two teams starts off fast?
- Which team generally closes out games better?
- How do the teams respond when coming from behind? How about when playing with a lead?
For another approach, you can play particularly close attention to momentum swings and use them as an opportunity to pounce.
As an example, an ill-timed penalty or turnover can alter the course of an NFL game. When the momentum shifts to a team that looks poised for a rally, that could be a good time to place a live bet on it at attractive odds if it’s coming from behind.
Last but not least, long-term success with live betting also comes from knowing when to pass. If you don’t have a good feeling or sound reason for taking an opportunity, then there’s simply no reason to place the bet.
Instead, pick your spots wisely and remain focused on the overall bottom line.
Live betting FAQ
Is it legal to bet on sports in Indiana?
Yes, it’s legal to bet on sports in Indiana. Residents can choose from retail, online, and mobile operators that have been regulated by the state. Legislation was finalized in Indiana in 2019, with retail sportsbooks opening for business in September of that year, followed by online and mobile options about a month later. Residents can now legally and safely place their bets with a number of the industry’s top operators.
Can you make money with live betting on sports?
It’s certainly possible, but remember that there’s risk involved anytime you are staking money in a quest to generate more. To obtain consistent success with live betting, it takes practice, patience and persistence. Similar attributes that lead to success with regular sports betting are also important in this niche, including strong bankroll management, a clear understanding of risk to reward scenarios and a knack for handicapping.
What’s the easiest sport for live betting?
There’s not one sport that’s necessarily easier than others for live betting. It really comes down to personal comfort level. For bettors who are well versed in the NFL, they may find live betting on football to not have much of a learning curve. However, they may struggle when they attempt to tackle another sport with live betting.
Which sports are toughest for live betting?
Live betting markets are very fast-paced, so it’s fair to say that all sports for which live betting is offered can be tough at times. In general, bettors who are unfamiliar with certain sports are going to have a tough time if they attempt to dive in with live betting. Instead, users who are looking for a new sport to play should start with the basics before giving live betting a shot.
Are live betting and in-game betting the same thing?
Yes, live betting can be referred to by a few different names, including in-game betting. Other references include in-play betting, as well as live, in-game or in-play wagering. They all refer to the same thing, which is bets that you can place after the action has already started.