Live betting has become increasingly popular in recent years, having gained a respectable share on the total betting market. Its popularity is based on the belief that it’s easier to beat the bookie if you bet while a sports event is taking place, as you can watch the action in real time and take better advantage of your chances. The truth is, that live betting is even more difficult to handle and requires a high level of self-discipline if you wish to gain profit in the long term.
You may have bumped into other definitions of the term live betting in the betting industry. Some call it in-play betting or in-running betting, but it’s exactly the same thing. It’s main difference is that you place your bet after a sports event has started and could place consecutive bets till its conclusion. The vast majority of the highest rated online bookmakers offer a huge variety of in-play bets for multiple events. Football, basketball and horse racing still remain the most popular markets.
Choosing a strategy
The best way to claim long-term profits in live betting is to rely on a specific betting strategy. There are plenty of them for you to choose, from those addressing to risk-averse punters, to more conservative and speculative ones. There are almost as many strategies as there are people using them. Whatever the strategy, the top priority of a punter should be not to maximize the profits, but to minimize potential losses. Some popular betting systems such as Martingale can become dangerous when used in live betting. Placing consecutive bets by redoubling your wagers in case of loss (that’s what Martingale requires) could lead to a dead end, as bookmakers have taken the necessary precautions and have enforced maximum betting limits. Even if your amount if big, you get the risk of hitting the ceiling and then it would be impossible to gain back the lost money.
In play betting Tips
Contrary to common belief, there’s no perfect live betting strategy you can follow. In fact, anyone could discover a winning strategy that fits to his style of play and bankroll. The key parameters of setting a betting strategy are only two: Time and odds.
Playing time is considered as the defining factor of live betting. The odds keep on moving upwards and downwards depending of what playing time is left. Punters can take advantage of this time regardless of their style of play, if they simply back picks to be confirmed or not. The simple rule is to place an early bet in picks not to happen (such as draw odds, under 2,5 goals or under a specific number of corner kicks), as the odds are moving downwards.
On the contrary, a late bet in picks to happen could lead to huge odds. Of course, the winning percentage in those picks, is traditionally far less than others, but the odds are obviously better and could be prove to be much more profitable.
The key is to decide from the beginning the exact time limit, when the bet should be placed. For example, if you decide to place an Over 2,5 bet after the match has started, you should also decide that you could place it in the 20th minute or at halftime instead of watching and waiting.
Odds movements depend not only on the playing time remaining, but also on various other aspects, such as the score and the players remaining on the field. For every aspect there’s a pattern followed by all bookmakers, which determines the specific movement of the odds. If the odds of a home win are 1.50 just before the kick off, in 15 min. then they should be at 1.65 in case a goal has not been scored.
In this case as well, the key is to pre-decide the odds limit, when you think the pick will gain some added value. If you make a decision beforehand, i.e. that you’ll place a bet on a home win as soon as the odds reach a specific limit (i.e. 1.80), this will prevent any possible drawbacks. Of course there’s a possibility of not placing some bets within seconds (your backed team scores with the odds in 1.79), but waiting all the time for the best odds to come could cause a feeling of all-time wasting.
Find the best in play odds
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Getting the most out of live betting
Apart from live betting in match result or total goals scored, there are also strategies for other betting markets, such as the number of corners and yellow/red card bookings. As for corner kick bets, you should firstly get a feel for the game and then place your wagers. Prefer matches swinging from end to end or those, which hosts are battering down on the underdog visitors. In yellow/red card live betting watch out for the referee’s habits (whether he tries to put things under control with an early card or is tolerant to aggressive gameplay). You should also take a look through the line-ups and players preparing for kick-off to find out whether they’re nervous or not, so you could place a bet for the first booking.
Benefits of in-play betting are obvious. The most basic is that in play betting allows you to watch what’s going on in the match right before you place your bet. Sometimes watching the action even for a couple of minutes before deciding what to bet on could be more crucial than whole hours of research and stats reading. Of course, you’re in danger of losing the opportunity to place a winning due to an early goal, but in the end, you’ll see that this happens all too rarely.
The second is that during an in-running betting session you could find far better odds than those before the start of a match. For example, when deciding to back an Over 2,5 goals bet, the odds offered after just a few minutes of play are much higher and keep on rising as the playing time passes without a goal.
The third is that In-Play betting allows you to trade your position and secure profit regardless of the result. For example, if you’ve backed Team A to beat Team B and Team A is winning by one, you could decide to lay off your stake at a lower price and make a Cash Out.
If punters watch the lines carefully as they change in the course of a match, they will notice that online bookies follow certain patterns and have to act fast to avoid putting smart players at an advantage, but they’re not always successful. A punter who is paying close attention to what is going on in the match and how the online bookmaker responds to these events, will notice some really profitable opportunities.
Think like a pro
There are professional punters that can easily exploit live betting markets, especially in key moments during a match (i.e when a quality footballer is subbed in), when the majority of bettors will make overoptimistic assumptions, causing dramatic shifts in the odds. In this case, all a bettor needs to do is bet on the opposite. The odds are overrated and that’s the first thing a punter should search for.
Beginners to inplay betting can take into consideration betting systems devised by Fibonacci, D’Alembert, Martingale, and Labouchere, or even the Kelly Criterion. Each of these have been analyzed, criticized, and disposed of, but they give punters a basic idea of how they should plan their bets. Each of them also has to be used responsibly, as mentioned above.
In any case, punters should use no more than 5% of their total bankroll for live betting. Bettors must determine how much of their bankroll they are willing to wager on a sports event. According to this rule, players should use just this percentage. The 5% limit cannot always be followed, but it helps even professional players manage their bankroll better. You’re strongly advised to start with a lower percentage.
Live betting could be a very exciting hobby, but bettors must always control themselves and take a carefull look at their bankroll. This is the key to successful live betting. Punters who lose money in the long term can’t control the size of the bets they place.
Live betting punters usually find it hard to identify the best odds. The odds are not part of research before the game, as they get available as soon as the beginning of the match and they change almost instantly. Another problem with identifying the best odds for live betting is that online bookmakers offer live betting on different sports, so it’s more difficult for punters to analyze top odds. The recommended strategy for bettors is to visit various online bookmaking sites to check whether hey offer odds on the same game.
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