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Live NFL Betting: Gambling Wave of the Future

The days in which your only options for betting on National Football League games were simple moneylines, spreads and totals are long gone, as online sportsbooks now offer up a wide array of new ways to bet on games every week.

And that includes prop bets which give bettors the chance to wager on various individual and team performances, and mobile betting which allows bettors to wager on the go. However, no advancement in NFL betting is more exciting than live betting.

How Live Betting Works

Live betting offers bettors the chance to bet on NFL games on a play by play level. At the beginning of each drive, live bettors can bet on drive results such as how long the upcoming drive will be or whether it will end with a field goal, touchdown or turnover. As the drive is progressing, bettors are also offered the option to bet on what the next play will be (for example, a run, a completed pass, an incomplete pass or an interception).

Odds on the game also change as the game progresses. A team that opens as a 7-point favorite might fall to -4.0 or -3.0 after falling into a 10-0 deficit early. Bettors with a good eye for teams that seem ripe for a comeback or sense an upset could be in the making can take advantage of their observations with live wagering and pad their bankroll

Live Betting Strategy

The sky is the limit when it comes to strategy for live betting on National Football League games. Bettors can use their knowledge of football and logic to determine what play an offensive coordinator is likely to draw up on his next play, and then profit from that knowledge if they turn out to be correct.

Similarly, bettors can also use their knowledge of how specific coaches and teams handle specific situations. New Orleans Saints head coach Sean Payton goes for it on fourth down more than any other coach in the NFL. His aggressive play calling and Drew Brees' effectiveness at quarterback could provide betting value for those that know these tendencies in a live betting situation.

The key to being a successful live bettor is bankroll management. Set aside an amount for each game that makes sense within your bankroll and break that amount down into betting units. Good bankroll management will help you to avoid disaster when some bizarre trick play or bad bounce goes against you on Sunday.