What Is Micro Betting? Learn More About This Term on Bookieexpert
There are many terms associated with online sports betting. From free bets and bonuses, to matched betting and in game wagering. Even the most experienced sports gambler will find unfamiliar terms and ways of betting and it is important to have a full understanding of the ways to bet before using them. Micro betting is a good example and, on this page, you will discover everything you need to know about this form of online sports betting. Then, you can decide if you would like to participate in this type of betting.
What are Micro Betting?
First, it is vital to understand live sports betting as this is where you can use micro betting. Live betting, also known as in-play betting allows you to have a wager during a sporting event. So, even if you missed the opportunity to bet on the event before it started, you still have a chance to have a wager when it is in progress. Depending on the sport on which you would like to bet, you will have several options and many of these can be classed as micro betting.
Micro betting is like a prop bet, as explained on the gamble USA site. A micro bet is a wager on an individual event in a game that does not directly impact the outcome. The micro bet markets are often only available for a matter of seconds and you must be quick because the event is happening live and the passage of play will be over quickly. Despite the fact micro betting and live betting are linked, there is a difference between the two. In-play bets are often settled at the end of the game but micro bets are settled while the game is in progress.
One of the best sports to use for an example of micro betting is baseball. During a game of baseball, several micro betting opportunities will present themselves. You can bet on the next player to get a hit or make a home run. If you bet on the next player to hit a home run and they succeed, your bet will be settled as a winner immediately, you do not have to wait until the end of the game. Likewise, if you back the next player to hit a home run and they fail, you lose the bet immediately, there is no waiting until the end of the game to settle the bet.
Tiny Wagering is extremely quick and you must be ready to make your move instantly if you want to get on the action. Therefore, it is vital you are using a quality online sportsbook and you have a fast and reliable internet connection. It is not a clever idea to try micro betting when travelling on public transport. You could enter a tunnel and lose connection or you may be required to move from your seat, which will disturb your betting. It is best to participate in micro betting when at home, so you can have your full attention on the game, without any distractions or the risk of losing your internet connection.
The leading online sportsbooks have the technology to publish odds extremely quickly using real time data. Using a game of baseball again as an example, as soon as one hitter has completed his innings, the odds for the next player will appear. The odds are not generated at random, real-time date is used to create the odds to reflect what is happening in the game and the past performance of the individual player in question.
In addition to baseball, you will find micro betting opportunities for other sports, including football and basketball. When micro betting on football, you can wager per play on the length of the pass or the direction of the run. In addition, you can wager per possession and bet on the outcome, including field goal, turn over, or touchdown.
Micro betting – market potential
Estimating the potential of Tiny Wagering is complex due to varying definitions. In tennis, it could involve betting on the next point, game, or set. For basketball, it might be the next basket, quarter, or half.
Data suggests micro betting was 14%-18% of in-play betting in 2021, reaching 30% in college football. Estimates range from 18% to 45% for market potential, implying a handle of $21 billion to $52 billion in 2025. Reduced hold margin, as micro betting often involves parlay wagers, results in estimated gross wins of $1.5 billion to $3.7 billion in 2025.
US sports offer unique opportunities due to their stop-start nature and a wide range of micro timeframe events. These markets complement parlay betting. Player prop markets are also promising, as US sports fans are accustomed to tracking player performance.
In summary, Tiny Wagering in US sports presents challenges and opportunities, with a focus on user experience.
Micro betting – current performance
In 2022, a prominent micro betting supplier in the US reported a significant surge in micro bets for the MLB season, witnessing a fourfold increase in the number of bets and a 2.5-fold increase in handle compared to the previous year. Handle continued to grow consistently month by month, with September registering three times the volume compared to April.
Notably, MLB generated the highest micro betting volume among major US sports, with individual pitch outcome markets contributing to over 40% of this volume, despite offering a broader range of markets on plate appearances and half innings. Additionally, over the entire season, it achieved a hold margin of 8.0%, suggesting that the potential market gross gaming revenue (GGR) could surpass H2’s estimated figures.
A leading Mini Betting supplier estimated that they currently account for approximately 20% of in-play handle for their sportsbook clients during the football season, with consistent year-on-year and week-on-week growth. They revealed that markets related to drives constituted over 80% of their micro betting volume, with next play markets making up the remainder. This contrasts with MLB, where shorter timeframes (pitches) appear to drive more volume. The hold margin improved from 5.4% in 2021 to around 9% in 2022, indicating potential upside beyond H2’s estimated market GGR of $2.5 billion.
A prominent in-play supplier that has heavily invested in basketball micro markets reported that while micro betting is not as popular in basketball as in other sports, there has been significant growth in handle per match for the current season, experiencing a 3.5-fold increase compared to the post-all-star break of the previous season (when the product was in beta pre all-star break). It estimated that NBA micro markets account for approximately 7% of NBA live-betting handle for their clients, while college basketball is closer to 10%. The supplier’s margins for micro timeframe markets were 6.6% and 8.3% for NBA and College Basketball, respectively.
Where to find Micro Betting options at US sportsbooks?
To locate Micro Betting options at US sportsbooks, follow these straightforward steps using DraftKings Sportsbook as an example:
- Log into Your Account: Start by logging into your online sportsbook account.
- Navigate to the ‘Live’ Section: Click on the section of the site labeled ‘Live.’ This will redirect you to a page displaying ongoing events and games.
- Select Your Sport: Find the sport you are interested in and click on it to explore the available games and matches.
- Choose a Specific Game: Locate the specific game you want to bet on and click into it. This action will reveal a variety of betting options for that game.
- Look for ‘Live Props’: Within the game’s betting options, search for a section labeled as ‘Live Props.’ Alternatively, you may find Micro Betting options in the ‘Popular’ section for that specific game.
- Place Your Micro Bet: Once you’ve found the Micro Betting market you want to wager on, add it to your bet slip. Enter your desired wager amount before the odds potentially change.
By following these steps, you can easily discover and place Micro Bets on various sporting events at US sportsbooks.
Micro betting adds a whole new dimension to sports wagering and it is thrilling. If you want to bet and have instant results, micro betting is an excellent choice. However, you should always bet within your means and it is easy to get carried away when micro betting. Set yourself a limit and have fun