Live Betting in Nigeria?? All Bookies are here
Live Betting: How Does it Work?
Wagering on a sporting event while the event is still in progress is called live betting or in-play betting. This is different from the sort of betting that most players are accustomed to, in which the odds are determined before the start of the match. Live betting is a fascinating form of gambling since the odds are constantly updated by the bookmaker based on the progress of the game or event.
Live betting is most prevalent in sports such as football, tennis, basketball, and ice hockey. Although live sports betting is carried out in a manner that is similar to traditional betting, the odds in live betting frequently shift due to the action taking place. To place live bets, you must first decide which competition or team you would back. You can find out which team is the most powerful by using statistical features. Then consider other factors like ball possession, cards, and other vital data.
Live betting is tailored to meet the needs of individuals who prefer unpredictable outcomes. There is no higher feeling than backing a team or player to win, only to watch them do exactly that right before the final whistle. Bookmakers always offer appealing odds on these markets, indicating the potential for a considerable amount of profit to be made.
How We Tested and Rated Our Live Betting Bookmakers
When evaluating our live betting bookmakers, we consider many essential variables. When it comes to live betting, we won’t be able to tell how well a sportsbook operates until we’ve put these components to the test. The following are some criteria we look out for to assess the online bookies that offer live betting:
Cashout
Bettors in Nigeria love the cashout function while betting on live matches. Bookmakers who offer this function attract punters since it enables them to receive their money back if their expectations change. It provides an additional layer of security against losses and allows you to make some money even while losing bets. If your team is not performing up to par when you are betting on the live odds, you can use the cashout button to cancel your wager and get your money.
Live Streaming
Since it enables you to view events as they happen, live streaming is a fantastic feature that adds to the excitement of live betting. You can make live betting decisions by combining what you see on the screen with the statistics collected during the game. Find a live betting site with an excellent live streaming service, sign up for an account, fund your account, and begin watching.
Statistics Feature
We consider bookmakers with a statistics tool to support their live betting function. This feature provides vital game statistics and keeps those statistics current in real time. With the stats tool, you can check the scores, corners, cards, goal scorers, penalties, ball possession, and other vital data to place a bet on a live football match. Hence, this feature can assist you in arriving at an informed decision while selecting various live betting markets.
Multi Live Feature
Using the multi-live option, if you have many events listed on your live betting slip and you want to keep track of all of them, this feature is just what you need. Not all bookmakers offer this fantastic option, but it is available on the best live betting websites. When you go to a betting website and pick the multi-live feature, you will see the option to enter as many live matches as you like. You can then monitor all of these events concurrently on your multi-live panel, examining in-game statistics and virtual live feeds for each selection.
Top 3 Online Bookmakers for Live Betting
Live Football
Most people in Nigeria are more passionate about following football matches than any other sport. As a result, football live betting is quite popular in Nigeria. Bettors in Nigeria have different football live betting opportunities and leagues to choose from, ranging from domestic leagues to European leagues.
Live Tennis
Live bets on tennis matches are becoming increasingly popular in Nigeria. There are always many tennis matches open for live betting daily. Bettors can place bets on Grand Slam competitions. Players have access to a myriad of tennis matches to wager on because some betting companies cover lower-tier tennis circuits.
Live Basketball
Nigerian gamblers can also place live bets on basketball games. Bookmakers who provide live betting on basketball tournaments also provide excellent betting opportunities. If you have never participated in basketball live betting, it may be challenging to follow. Nevertheless, observing live events can assist you in formulating winning strategies and understanding the probabilities involved.
Odds in Live Betting
In live betting, the odds will vary depending on the bookmaker and the sport. Ultimately, they are determined by things like the current score, pre-match price, and other things happening during the competition. Inaccuracies in live betting odds could cost bookmakers a lot of money. Hence, they invest a significant time and attention into ensuring that their odds are as precise and fair as possible.
In view of these, players must be patient to locate a favourable market. However, given that live betting odds are updated in real time and often even by the second, it is no surprise that live betting is widely considered the most entertaining way to wager on major sporting events.
Bonuses and Promotions in Real Time
Live betting sites in Nigeria offer several bonuses and promotions for old and existing players. Below are some of the bonuses and promotions available for live sports betting:
Welcome Bonuses
The bookmaker offers a welcome bonus when you create a new account with an online betting site. This welcome bonus is a terrific method for betting companies to lure new consumers.
Free Bets
The best online sportsbooks will offer you free bets if you lose your previous live wagers. If you receive a free bet, it may also come with specific rollover requirements that you must meet before you can withdraw your cash. The vast majority of free bets cannot be cashed out. As a result, it is essential to check the free bet terms before claiming it to avoid incurring any losses.
Pick one Bookie and Bet Live
Deposit Bonuses
Another live betting bonus offer is the deposit bonus. This bonus sum is deposited into your account once you make your first deposit. It incentivises you to make a higher deposit, which means you will have more money to play with.
Cashback Bonuses
Every time you place a wager and lose, a cash back bonus will be deposited into your account. It functions similarly to insurance against financial loss, protecting you from financial hardship if your wagers are unsuccessful.
Payment Methods for Live Betting
One of the features offered by live betting sites in Nigeria is a selection of different payment methods. The following is a list of the various payment methods available to fund your live sports betting account in Nigeria:
Debit/Credit Cards
These are the most widely available choices available for payments in sportsbooks. When making a transaction, you can use either Visa or MasterCard. When you want to fund your online sportsbook account so you can participate in live betting, you can use a debit card from any commercial bank in Nigeria.
E-Wallets
E-wallets are online digital wallet services that allow bettors to send and receive money. It is not necessary to have a bank account to use this payment option. Most online betting companies in Nigeria support various alternative electronic wallets. Since e-wallet transactions are almost always completed instantly and are safe, you can use them to fund your live betting account. Skrill and Neteller are two of the most popular e-wallets that you can use at sportsbooks for live betting.
Opay
Opay is another common form of online payment that is accepted by the majority of live sports betting websites in Nigeria. Opay allows for quick and easy transactions. Payments made using Opay are never subject to any fees. Betting can make payments quickly and begin placing live bets in no time.
Interswitch
Interswitch enables bettors in Nigeria who engage in live betting to transact with online bookmakers. Interswitch also gives access to many different payment methods. These include WebPAY, Verve, and Quickteller. With Interswitch, users can make safe and quick deposits.
Mobile Apps for Playing Live
Bettors in Nigeria can now place live bets while on the move, thanks to mobile betting. Since live betting is an essential component of online betting, you will need an excellent live betting app. The good news is that many apps are extremely capable of live sports betting. When you launch the apps, the very first thing you will notice is a compilation of the most recent and finest live matches that are up for betting.
Live betting is so fast-paced and immersive; hence a good live betting app needs to be incredibly straightforward to use. It must be fast, as you would sometimes need to place live bets very quickly. Live betting apps should also have a fantastic user interface This lets users quickly check in-game statistics, virtual live feeds, and live streaming. This is necessary so users can place bets in real time and monitor their progress. You can better follow the live match and make better in-play predictions if your live betting app includes all of these capabilities.
Why We Need Cashout in Live Betting
The cash-out function is necessary for live sports betting. It enables gamblers to call it quits and collect some winnings even though the outcomes of their bets are yet to be determined. Bookmakers allow customers to cash out their wagers at various moments before the completion of an event. Some bookmakers that allow cash out include bet9ja, 1xbet, among others.
Depending on how close you are to winning the bet or how far away you are from winning the bet, the amount of money offered may be more or less than the initial wager. If you are near to winning your bets, you may receive much more money. However, if the bet is losing, then you will receive a lot less. Please take into consideration that the cash-out option is not always accessible for every wager.
Mistakes to Avoid With Live Betting
Live sports betting is simple, but you could lose money if you are not careful, . When trying their luck with live betting, most gamblers make mistakes. Here are a few live betting tips that will help you avoid mistakes when betting live:
- Not Watching the Game
It is imperative that you watch the game you want to bet on. When you place a wager, one of your goals is to identify the winner and the loser. If you overlook something crucial, you risk losing some of your bankroll. Therefore, pay close attention to everything that is going on out there on the pitch. Most of the time, live betting will incorporate real-time team starters, which will assist you in determining which side will come out on top. You must keep an eye on everything going on in the game.
- Making Too Many Bets
This is a significant error that results in financial losses for gamblers. There are moments when you can’t fight the impulse to keep betting repeatedly. Avoid giving in to this temptation at any cost. Typically, the rules stipulate that you can only make one wager per round. If you don’t comply, you can be kicked off the site entirely. In addition, the more wagers you make, the more money you must spend overall and the greater the risk of losing.
- Chasing Losses
This is one of the most important live betting tips. It would be best to avoid the temptation to chase your losses. Do not instantly place another bet to win back your previous stake if you find that you have lost it. Instead, you should evaluate the circumstances and determine whether or not your bets will result in a profit. If your gambling activities are not profitable, you should step away from them for a bit.
FAQ for Live Betting
-
Is it legal to bet live in Nigeria?
-
Which sports are available for live betting?
-
Can I Place live bets on mobile?
-
Which bookmaker is the best for live betting?
-
How do I get a welcome bonus on a live betting site?