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Sports Gambling 101: What is Live Betting?

History of Live Betting

Ranking amongst the biggest innovations in gambling history, live betting has exploded in popularity recently. That is especially true with the introduction of the Internet as in-play wagering has never been more plentiful or exciting. While there was probably live betting earlier, documented in-play wagering dates back to the early 1900s. Back then, fans at baseball games would bet in the stands during each inning.

Fenway Park in Boston, where legendary Las Vegas bookmaker Sonny Reizner started his gambling career, was a hotbed of live betting activity. Reizner, who was the Godfather of prop betting, recalls gamblers gathering in the right-field bleacher section at Fenway Park back in the 1930s.