Even though the names sound similar, in play betting is different than in-game betting and has much more to offer sports bettors. In-game wagering is simply wagering on a game while it’s happening. Sportsbook odds for the in-game will usually only change during a timeout or commercial break.
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The subtle difference between the two betting options is that in-play wagering takes place throughout the game. Odds change after almost every play or possession throughout the game. In-play wagering is currently available for game-specific wagering opportunities. There are no individual in-play wagers available for specific player propositions. The types of in-play wagers could and should change in the future.
In Play betting odds
Like traditional pre-game odds, every sportsbook could have different in-play odds. The probability of the in-play event occurring comes from a proprietary algorithm from the sports wagering app software developer.
Each top online sportsbook adds their desired edge to the algorithm’s probability and odds are computed and offered to the customer. In-play odds may be different even if sportsbook operators use the same mobile wagering app and algorithm for their in-play odds.
This would be a lot of work and nearly impossible for individual bookmakers. Thanks to advances in technology, computers can process all of this in a matter of seconds.
How to place an in play bet
In play bets take place via mobile sports betting apps. Bettors have to be very focused on both the game and odds screen when placing in-play wagers. There may only be a few seconds when some in-play wagers are available. Depending on the sport the odds change after almost every play. If there’s a certain number available that makes sense to bet, the opportunity may only available for 10 to 20 seconds.
In-play betting isn’t for everyone. In addition to understanding what each wager is for, the bettor must be quick on the draw. This usually means that the bettor must have a mobile device turned and be logged into an account (or accounts). The accounts should be funded so a wager may be placed as soon as the numbers make sense for a bet.
Get Real-Time In Play Betting Odds at Online Sportsbooks
Why in play is good for bettors
In-play wagering is useful for a bettor who misses placing a bet before the games begin. Unlike in game wagering, there are multiple betting options available during the game including; point spreads, alternative point spreads, moneylines, and totals available with In Play wagering.
Since the data is updated in real time, the odds should be fair. Each sportsbook operator places an advantage into the price of the wager so some odds may be fairer than others. Much like pre-game wagering it’s wise to shop around at different sportsbook operators to see which offers the best prices for In Play wagering.
These wagering options are available throughout the game and they also allow a bettor to wager on the other side of what may be a losing wager. Additionally, bettors can play both sides of the game in an effort to “middle” the game. This would allow the bettor to have both sides of a point spread and possibly maximize a win if the final score falls in the middle of the two bets.
Why in play is exploding in the U.S.
In play betting in the United States is still getting off the ground but can become incredibly popular in time. Bettors around the world have taken to in-play wagering. According to Craig Mucklow, vice president of trading for Don Best Sports, there are more wagers are taking place during games in Europe than before the games.
However, in-play wagering still accounts for less than 20% at most Nevada sportsbooks. On the high end of in-play betting William Hill sports book director, Nick Bogdanovich told the Las Vegas Review-Journal that in-play wagering accounted for 22% of William Hill’s betting handle in 2017. There’s plenty of room to grow for one of the leaders with in-play wagering in Nevada.
In-play wagering still isn’t available from all Nevada sportsbook operators. The deployment of in-play wagering with more sportsbook operators should make this the year this form of wagering really starts to take off in Nevada.
In-play betting should see a big increase once every sportsbook operator has the technology to deploy it. The next growth spurt could come from the introduction of new wagering options.
Pre-game player proposition bets have become more popular every year. Once player propositions become available for in-play wagering we should see another increase in the popularity of this kind of wagering.
Overall, all types of wagering will become more popular once sports betting becomes legal across the United States. At this point, the sports leagues and TV networks should become involved with sports betting. While football and basketball might be the most popular sports to wager on during a game, the options will be limitless and could include sports such as tennis, golf, and soccer.
The future of gambling has found its home in an unlikely place: a professional football league that's five months away from playing its first game.
Betting On Mlb Games
The Alliance of American Football's in-house tech team has built a gambling product that not only will allow the gambler to watch a game on an app while betting on it on the same screen, it will also allow the league's exclusive gaming partner to better price the in-game odds by building a data set that correlates the likelihood of a certain bet winning.
When Charlie Ebersol co-founded the AAF, he had in mind the idea of building a separate tech business alongside the league. While Ebersol effusively talked about gambling, he did not reveal that his team was building a robust product that would immediately bolster interest in the league. That revelation, which comes this week, makes it more clear why certain investors wanted in, including the Chernin Group, which owns the sports betting site and app The Action Network; tech investor Keith Rabois; and Brian Singerman from the Founders Fund.
Another investor on the gambling side is MGM, which will be the exclusive in-game gambling partner of the league for the next three seasons. MGM will host the gambling business on its app because it is the licensee.
MGM recently signed a deal to be the official gaming partner of the NBA, but its only exclusivity is sponsor designation. The AAF deal marks the first time any sports organization has sold exclusive in-game betting rights to a sportsbook.
How To Use Betting Apps
'What's great for us is the access, provided that it's single entity, all the teams and venues are all aligned and there isn't any union issues,' said Scott Butera, MGM's president of interactive gaming who was formerly the commissioner of the Arena Football League.
The latter point is important because the league and MGM will put wearables on players to collect second-generation stats that will be used to better assess odds for in-game betting. Pro sports unions have strongly opposed the use of sharing any information from wearable data with outside parties.
'We'll collect the data and then be able to have the algorithm sort out what is relevant,' Ebersol said, giving an example of a quarterback's greater chance of throwing an interception based on a certain amount of ball speed on his throws.
After taking in the data from the tech on the field, the numbers are crunched and new odds are immediately set. Gamblers, Butera said, will also be able to bet on the data itself -- including speed on the field and speed of the ball, among other things.
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The MGM sports app is, so far, only available legally in Nevada and New Jersey, as states that have gotten into sports gambling after the Supreme Court reversal of the Professional and Amateur Sports Protection Act in May contemplate the costs of going mobile.
Ebersol also says that the opportunity exists to allow the league to disproportionately pay players whose prop bets are bet on more, as MGM has promised to share its betting data with the league.
'In our system, there's really a limitless cap on what a player can make,' Ebersol said. 'Money from the amount of bets placed on them is one of the ways.'
Butera said he can imagine the tech the AAF is creating to one day be used by other sport leagues and bookmakers.
'It's why we didn't just sponsor it, we invested in it,' Butera said.
While the live betting will technically take place on an MGM interface, Ebersol said the app run by the league will have an enhanced fantasy product that can be played by people of all ages. Ebersol plans to exclusively sell those rights to a partner.
Through Sunday night, the AAF had signed 332 players and assigned them to teams in eight cities -- Orlando, Atlanta, Memphis, Birmingham, Salt Lake City, Phoenix, San Antonio and San Diego. The league's first game will be played Feb. 9 on CBS.