When it comes to managing bandwidth while hosting a livestream event, one solution is utilising the CBR (constant bitrate) feature, which allows users to control buffering times by setting maximum upload speeds per streamer or computer. This helps prevent data congestion in a single spot from multiple sources, resulting in glitches or lagging footage due to slow connection issues. There are also other software options such as OBS Studio that allow monitoring of stream and visuals from various angles using its "Scene" system, making sure everything runs smoothly without hiccups during the broadcast.