Sports betting has gone a long way from using runners to place bets or punters needing to go to betting stations to place their money on their favorite teams and events.
Aside from the expansion of platforms that allows punters to place their money on their favorite bookmakers online through their desktops, smartphones, or any applications on iOS and Android devices, bettors also now have the convenience to bet even while the game is being played to feel the pulse of the moment.
The concept of “live betting,” or “in-play betting,” is quite different from regular betting in that punters have to make several adjustments to succeed and get a major payroll. Let’s dive in on some of the factors a new bettor needs to know if they want to thrive in live betting situations.
ADAPT ON THE FLY THROUGH LIVE BETTING
The process of placing money on a team in a sporting event once a game has started is known as live betting. Mostly online by using the bookmaker’s website or mobile application on gadgets powered by iOS or Android, in-play betting allows bettors to stay at their homes and place bets even if the game has already started.
But bettors have to be alert and mindful of what happens during the game to make adjustments before finally making that bet. Live betting gives more value to punters due to the in-game situations provided by both teams.
Manchester United, for example, may carry a 1.3 odds at pre-match, but it could change to 1.85 at halftime.
Match odds gradually change 24 hours a day before the match, much more as the game progresses, making in-game betting lucrative for bettors who want to take high risks and can burn a piece of their payroll with the late decisions they make.
USE MULTIPLE BOOKIES, COMPARE THE BEST ODDS
The rise of multiple sportsbooks around the world gives bettors more choices, but smart punters still make the final call if they make the right decisions in picking the best odds offered by bookies.
Bookmakers use different algorithms and methods to determine the odds of determining outcomes of sports events. The differences among bookies may be glaring. But the good side is that bettors have choices to make based on what he believes will give them the best chance of winning.
Take full advantage of the live streaming feature of some sportsbooks to watch the match as it happens and make in-game decisions whatever it feels necessary to raise the chances of a major payroll.
HEDGE BETS, SHOW DISCIPLINE ON LIVE BETTING
For bettors who have a large parlay wager going, it helps for them to hedge their bets that were made pre-game. Paying attention is necessary for punters when the odds allow them to cover any possible losses.
But punters are also cautioned to avoid playing an in-play bet just to “double-down” since that could lead to some additional losses a bettor might find hard to overcome.
Not all in-game situations offer enticing situations for bettors to win in live betting, meaning punters can still walk away and wait for the next games in the following days.
Bettors should have the discipline in showing restraint and not place money on many live betting games if they feel the result will not go in the direction they had hoped for.
SLOW THINKERS AREN'T FIT FOR IN-GAME BETTING
While the advantages of live betting can outweigh its disadvantages, this strategy is not recommended for punters who cannot adapt quickly to evolving changes during in-game situations.
There is no place for bettors who easily get overwhelmed by stress in terms of dealing with live betting situations. Punters should have a sharp mind, can calculate their profits based on in-game situations, and manage all possibilities offered to them to avoid making the wrong decisions.
And lastly, don’t place several live bets at the same time, as most bettors can’t focus on monitoring all the games at the same time and study all the odds that can result in losses on all fronts.