Last year, Canada passed Bill C-218, which legalized single-game sports betting. Previously Canadian residents could only place parlay bets on sports. Now Canadian bettors have the option to place wagers on individual games. This includes the spread, total, and moneyline. Live betting in Ontario will hopefully become available by early 2022.
Users can currently place bets through PROLINE+. The Canadian sportsbook requires users to be 19 years or older to place a bet online. Ontario has not yet legalized other sportsbooks like DraftKings and FanDuel Sportsbook, but the landscape is set to expand on April 4, 2022.
Along with single-game wagering, Canadian residents can also take part in live sports betting. This means users can place bets on games currently taking place. While a game occurs, the odds on said game fluctuate. Bettors can make wagers on these in-game betting lines. Live betting lines may have more favorable odds depending on how the game develops.
What Is Live Sports Betting?
In-game live betting allows users to wait until the game gets underway to place bets. During a game, players may go down with an injury, and if you bet on that team before the game, your bet may lose because of that. Bettors can make wagers on in-game moneyline, spread, and point total at different odds than how the game opened at.
If the Phoenix Suns play the Golden State Warriors, the Suns may open as -240 favorites. With in-game betting, users can place bets with more favorable lines during the game. If the Suns go down three points in the third quarter, the moneyline odds may drop to a more favorable -162. With a Phoenix win, a $100 moneyline bet placed at -240 would return a profit of $41, while a live bet win at -162 would return a profit of $61.
Users can find better value for the money with in-game live betting. In football and basketball, bettors can wait to make wagers until the second half starts. At that point, they will have a glimpse of how both teams look and whether or not either team had a key injury that could hurt their chances of winning.
PROLINE+ offers in-game betting on a variety of sports. This includes bets on the total, spread, moneyline, and prop bets. Other sportsbooks like DraftKings and FanDuel also offer in-game live betting on their American apps. Those functions will more than likely carry over once those betting services become legal in Canada.
The Best Live Betting Sites
DraftKings is considered one of the absolute best sportsbooks in the online betting industry, and its live, in-game betting certainly helps live up to that reputation. In fact, DraftKings is known for having in-game lines that you won’t find anywhere else. Plus, they have free streaming of many events, so you can follow along and see how you did.
BetMGM should launch on April 4, 2022. They also offer live betting online to go along with their single-game wagers. On the BetMGM app, users can click on the live menu option at the top of the screen to find betting options. The top live sports games will pop up on the next screen. Users can then filter by sport to find which game they want to bet on.
One of the best features of BetMGM’s in-game betting includes their alternative spread and total lines. Users have multiple options when they want to place a total or spread bet. Each bet has different odds depending on the likelihood of the wager. An NFL team winning by three at halftime may have a live betting spread option of -3.5 for +165 and a +2.5 spread for -160.
BetRivers is another sportsbook that offers live in-game betting and is slated to launch on April 4. Like the online sportsbooks mentioned above, BetRivers has a live betting tab that shows the list of games going on. Once you click on the live betting menu, you will see a list of ongoing games that you can bet on.
BetRivers offers prop bets and instant betting options. Instant betting allows users to place wagers that will cash within minutes of making the bet. For NFL games, users can bet if a team’s first play on their next drive will be a run or pass. They can also bet on how a team’s next drive will end. This includes a touchdown, field goal attempt, punt, turnover, or safety. These bets cash out once the drive or play ends and a new betting option will open up for the team’s next possession.
PointsBet should launch on April 4, 2022, with live in-game betting. In fact, PointsBet recently announced that it can offer “Always On” Live In-Game betting. They are also the first to offer in-game parlay betting.
As of right now, users can only place online sports bets through PROLINE+. No other sportsbook has a legal gaming license from the Alcohol and Gaming Commission of Ontario. To access live in-sports betting, users can click on the live betting tab at the top of the page. That will redirect you to all the live betting options. The website lets you filter through specific sports, such as football and basketball, to find the game you want to bet on.
PROLINE+ offers several in-game prop bets for users to take advantage of. This includes an over/under bet on how many points an individual team will score as well as quarter and half prop bets.
Live Betting Odds
Depending on the sportsbook, users will have a wide array of in-game betting options to choose from. Each sportsbook has different betting options. Some may have certain bets while others will not. Some of the bets that users can wager on include the traditional moneyline, spread, and total, but it does not end there. Users can bet on if both teams will score above a certain number of points as well as if the next scoring play will be a touchdown, field goal, or safety. Most sportsbooks offer 100+ different types of live betting options.
Live betting lines depend on various factors. In terms of in-game sports betting, the team with the lower score does not always turn into the underdog. For live betting lines, the losing team may still be the betting favorite. An NFL team down 10-0 in the first quarter may still have a live betting line of -2.5.
Live betting lines will sway in a major way if a team is losing late in the game or if they lose key players to injury. An NFL team could open as -3 point favorites before the game, but if they lose their Quarterback to injury, they could drop to the underdog. An injury to a key contributor will see the live betting lines drop significantly. Sportsbooks will change the odds based on injuries and the score of the game.
If the Minnesota Vikings open as -3 point favorites over the Pittsburgh Steelers and then jump out to a 24 point lead at halftime, then the live betting line would change to a higher number such as -23.5. Sportsbooks have to change these odds as the outcome becomes more clear during the game. The live betting lines need to change as the game progresses. Sportsbooks could not operate if they kept the same odds throughout the game.
Tips For A Successful Live Betting Strategy
When live betting on sports, users will typically make more of a profit by betting on underdogs. If an NFL team opens as -10 point favorites and then leads by 20 going into the half, the line will balloon closer to -20. An in-game bet would provide less value than betting on the team before the game started.
In that same scenario, the team that opened as +10 point underdogs would then have live betting lines of around +20. This provides more value for bettors with a bigger point spread than what the game opened with. For the most part, you do not want to place a live bet on a spread that has shifted to worse odds than what it opened as.
NFL Live Betting
NFL live odds change throughout the game. One strategy to keep in mind comes during halftime. The team that receives the ball at the start of the second half will have the advantage. They will have the first chance to score to either extend their lead or cut the deficit. If they do score at the start of the second half, the live betting lines will change even more. Bettors that took the odds during the half could reap the rewards if the team that starts with the ball scores on that possession.
Live betting on football does present different challenges. Teams do not have near the same possessions as teams in basketball do, and they will not always have equal possession opportunities like baseball has. The best time to make in-game bets is halftime. The lines shift and the team that gets the ball at half has the advantage.
NBA Live Betting
Strategies for NBA live betting differs from other sports. During the game, NBA live betting odds will fluctuate depending on the score.
One trend to pick up on happens when star players leave the court. NBA games last 48 minutes, but the best players may only play around 30-35 of those minutes. At some point, they will have to sit on the bench to get some rest. When that happens, that team may fall behind because they do not have their best players in.
If the favored team loses their lead, sportsbooks may switch the odds to make them the underdog. That presents bettors with great value. Once those star players come back into the game, that team could go on a run to regain the lead. Bettors that took live betting lines with those players on the bench could profit.
MLB Live Betting
Bettors may have challenges when betting on MLB because of the low scoring and unpredictability of the sport. Betting opportunities do open up when users partake in live betting. MLB live odds will fluctuate if teams get out to a huge lead early, but bettors can pick their spots.
If a team has a top-tier starting pitcher going with a shaky bullpen behind him, bettors can place wagers on the opposing team once that pitcher exits the game. Inning prop bets could prove profitable as well. If a team has the heart of the order coming up, users can place bets on if that team will score a run during that inning.
When looking at MLB live odds, bettors should take into account the hitters due up, how good a team’s bullpen performs, and other various factors.
FAQs For Live Sports Betting
Yes, live sports betting is legal in Ontario.
The vast majority of sportsbooks offer live betting odds. Those include PROLINE+, DraftKings, FanDuel, and BetMGM, just to name a few. A select number of sportsbooks may not, but most sportsbooks in the market give you live betting options.
Yes, you can place bets during an ongoing contest. The odds will shift from what they were before the game started, but you will still have the option to do so.
Yes, DraftKings offers live betting.
Yes, FanDuel has in-game betting on their online sportsbook.
Each sportsbook has live betting features that set them apart from the competition. FanDuel offers extensive in-game prop betting options, BetMGM has great alternative spread and total live betting, and BETRIVERS has great instant live betting wagers to choose from. Users should find the betting option that interests them the most and use that as their primary sportsbook for live betting.