There is no much different between live betting and online betting because most of us are thinking that live betting is better as some online betting sites do scam people! I even prefer online betting because of the synonymous in it and it do reduce tension.
For me their is a huge difference between online and live. Unless people just gambling for making money only then it might not be difference else those who go for enjoyment and meet new people and have a good time anytime live betting will be helpful in such instances.