There have been so many progressions in sports betting in such little time, but a new focus is coming, known as micro-betting. In-game betting, in particular, has become more prevalent, accounting for even more action at the average sportsbook.
In-game betting is so prevalent that it projects to make up for as much as 70% of all sports wagers placed in 2023. Because of that growth, there has been an opportunity for sportsbooks around the micro-betting idea.
Think of it in the same manner that fantasy sports changed the entire sports business. The goal of micro bets is to engage fans and bettors outside of their home teams. Introducing micro-betting to supplement in-game betting is precisely the kind of change that we can anticipate.
Think of micro-betting as a way to live bet on certain elements within a certain game. These bets are often called micro bets.
It is meant to combine in-play betting and props. But that is the 10,000-foot view of what micro-betting is about. Micro-betting is about betting on specific individual moments within that game. They don’t have to be related to the final score in any way. It also happens in real-time as the game moves along, much like in-play betting works.
The difference between micro-betting and live betting is that the micro wagers can settle far more quickly. There is not necessarily a need to wait for the game to end. You might not even have to wait for the next quarter or half to determine whether those wagers have won or lost.
For instance, instead of betting on a live total, spread, moneyline, or individual prop, the micro bet takes it to the next level. Players can find options down to the quarter or even half-inning (in the case of baseball). It can even come down to individual plays like pitches or at-bats. That kind of action keeps bettors engaged and interested in the action, whether their team is playing or not.
For bettors, it can also mean taking to rapidly changing odds, getting their bets in quickly, and seeing a result even quicker. For high-volume bettors especially, micro-betting can be a game changer.
For most sportsbooks, most of the action will center around the major sports: hockey, basketball, baseball, and football. Other options include racing, soccer, rugby, and more. But for micro-betting, the sports featured below are the best ones to choose from.
Let’s look at each of the four major sports and see what a micro bet might look like in each of those scenarios.
Baseball is perhaps the best sport for micro-betting because of all the individual plays that occur over the course of a game. Bettors can wager on individual inning totals and moneyline, whether or not a team wills core in a particular inning, and even specific pitches and at-bats.
There is no shortage of betting options available on an MLB game. Instead of waiting for a game to finish to determine the result, bettors can wager on the action during any given inning, including props for players like total hits, RBI, runs, or strikeouts a pitcher will total. There is no shortage of options.
The NFL remains king of the four major sports for plenty of reasons. Being able to micro-wager on each of the NFL games has done nothing but help the popularity of America’s most popular sport. With most of the games taking place on the same day, bettors can wager on a litany of games and have results before the end of the day.
Micro-betting options can include the result of the next drive, the next play, and whether a field goal attempt will be made or missed. Bettors can use their observations of the game as it unfolds to make wagers and get in on ever-changing odds in the process.
Betting on these two is similar in a lot of ways. For basketball, placing micro bets on the first scorer, next field goal, and even determining whether the next shot will be a two- or three-pointer are all possible. Be prepared to be more engaged in the NBA games.
For the NHL, scoring is limited, but there are micro bets for goals being scored within a certain frame of time, in addition to props like shots, hits, goals, points, saves, and more. Players can choose a 10-minute time frame and determine whether a goal will be scored.
Prop betting, or proposition betting, is a type of wagering available in micro-betting. Prop bets refer to bets made on outcomes that are usually considered external to traditional sports bets, such as who will score the first goal or who will win the next round.
These types of bets are generally riskier than traditional sports bets, as outcomes can be harder to predict due to their high variability. Popular prop bet types include Over/Under Bets, Parlays, Teasers, and Futures Bets.
Some examples of prop bets include—
Bets on a specific play.
In golf, the hole winner of the 7th hole.
For baseball, if the next pitch is a strike or an at-bat result.
First team to score.
There are many more live props to bet on, but these are some of the most common depending on what sporting event you're betting on.
If you are looking to get involved with micro-betting, chances are there will be plenty of sportsbook apps in the very near future. However, at the moment four sportsbooks like your best online sports betting options.
However, they do have some of the finest micro-betting products.
PointsBet has been a leading innovator in live betting since their U.S. launch over 3 years ago. PointsBet has continued that innovation by leading the way with micro-betting. They already offer a polished micro-betting product across a number of different sports.
In terms of innovation in the sports betting industry, few brands can compete with DraftKings on live betting. While we would say the current PointsBet micro-betting product is slightly ahead of DraftKings', it seems like it is only a matter of time until the gap is closed and DraftKings can stake its claim as the micro-betting leader. They're already expanding their micro bets to capture a larger audience.
Where DraftKings goes, FanDuel is never far behind. The claim to fame for FanDuel Sportsbook is that they have the highest-rated mobile app in the industry. It seems inevitable that FanDuel develops a micro-betting solution that belongs on the mobile betting leader's app.
If you are looking for a brand capable of providing a great micro-betting experience outside of the three already listed here, BetMGM Sportsbook is a brand worth watching. BetMGM offers one of the better live betting experiences on the market and already has the technology in place to expand its micro-betting offerings.
Caesars is one of the biggest names in sports betting. They have a fantastic live betting product, which means that they could become a major player in micro-betting in the near future. Stay tuned!
Absolutely! As micro-betting continues to grow, we fully expect other sportsbook apps to jump on board and get into micro markets.
The explosion of micro-betting options continues to take the sports betting industry by storm, and that's good news for many bettors. As more options mean that the sportsbooks will offer better bonuses and offers.
They're not necessarily better or worse. They're simply different. Instead of betting on an entire game with a moneyline or over/under, you're betting on certain instances of the game.
Each of these instances has its own odds and micro-betting lines. For example, you could place a micro bet on an inning moneyline instead of the total game.
In the end, it's still online betting like all other sports bets, just on very specific scenarios.
As always, remember that each site has its own individual micro-betting lines. Typically you can find micro-betting lines in the game you're looking to place wagers on.
In much the same way that live betting became a crucial move for sports betting, micro-betting looks to be the same.
Players who want to make their wager and find out the result will love the idea of being able to bet on several in-game actions throughout the course of a single contest. This makes the NFL game or NBA game much more intriguing. Instead of worrying about the final outcome, you'll find micro bets keep you engaged throughout the entire game.
In much the same way that live betting dominates the current sports betting market, it may not be long before micro-betting takes up a similar share of the market.
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