The sports betting sector is growing faster than most of us could ever have imagined a decade ago. Apart from betting on traditional sports, the world has quickly warmed up to placing wagers on other non-sporting events such as esports, politics and even events that will happen on TV shows. Thanks to the internet, online gambling sites like the GGBet casino and sportsbook allow millions of players globally to bet on their favourite games, sports and esports, irrespective of their locations.
As the sports betting scene continues to evolve, one of the buzzwords that have recently caught the attention of bettors is micro betting. In fact, in March 2021, JP Morgan analysts led by Daniel Politzer went as far as predicting that micro betting will be the future of online betting. While that remains to be seen, if you are an avid sports bettor, you must have already noticed an increase of online bookmakers offering the micro betting option.
Before we get to these bookmakers, let’s answer a few questions: What exactly is micro-betting? What’s in it for the bettors? Spare a few minutes of your to find out more:
What is Micro Betting?
The concept of micro betting has sparked confusion among many people in the online betting world because some individuals use the term ‘micro betting’ interchangeably with live betting. In defence of those who make the mistake, it is easy to mistake one for the other as these two concepts are related in more ways than one. To put the confusion to rest once and for all, we’ll define the two in the simplest way possible.
- Micro betting is live betting on specific elements of the game that have no relation to the game’s outcome. Just like live betting, micro betting happens as the game progresses in real time. Taking a soccer match, for example, you may wager on which player will take the next throw-in or the next corner. That is micro-betting. Whichever player will take the next throw-in or corner will have no effect whatsoever on the outcome of the match.
- Live betting, on the other hand, is when you wager on the usual match-specific elements that directly affect the outcome of the event. Looking at soccer again, for instance, it could be a live bet on which team will score first or the number of goals that either team will concede during the first half.
For a lot of players, live betting is considered less risky compared to micro-betting because the latter directly affects the match. However, if you enjoy taking the stakes higher just for the thrill, micro betting may be a suitable option for you.
Online Bookmakers Already Offering Micro Betting
Now that you understand what micro-betting is about, here’s a look at the online bookmakers can boost your adrenaline levels for sports betting owing to their micro-betting offering. They are:
For sure, when you are associated with Michael Jordan, one of the greatest basketball players of all time, then we can expect great things from you. The DraftKings Sportsbook, a giant in the North American sports betting sector, offers a range of micro betting options alongside its rich sports betting portfolio. The platform débuted its micro-betting option in September 2021, following a multi-year partnership with Simplebet, a renowned B2B product development company in the sports betting world.
Popularly known as a nemesis to the Draftkings Sportsbook, it is no surprise to see FanDuel Sportsbook offering micro-betting as well. Interestingly, FanDuel was the first to strike a deal with Simplebet in September 2020, but the arrangement isn’t similar to what you’ll find at DraftKings.
At FanDuel, micro betting options haven’t been merged with the official real money sports betting platform. Instead, the company launched a new product dubbed FanDuel PlayAction, a free-to-play game where fans have the opportunity to make picks for prediction plays and drives. Players who make the right predictions win tokens after every quarter of a match and are ranked on leaderboards. The highest-ranking players on the leaderboard will then win real prizes. So, while players make the predictions on a free-to-play product, those who collect the most tokens will enjoy real rewards.
So, who gets the edge between FanDuel and DraftKings? We’ll leave that to you after you take both platforms for a test run so that you can understand the perks and downsides of either micro betting format.
There is nothing more wholesome for an online bettor than getting to enjoy more wagering opportunities that set players up for more winning chances. Micro betting does just that by reducing the gap between placing a winning bet and the outcome of the game itself. Bookmakers are catching up to this fact, and more of them are seriously considering the idea of micro-betting to make things more exciting for their members.