Live betting is the concept of wagering on a sports game in real-time, instead of placing your bets before the match begins and having to wait for the outcome. Whether you’re a beginner bettor or a seasoned staker, our top 3 tried and tested live betting tips will ensure you stay one step ahead of the game. Read on to find out more.
Shop Around
Two sportsbooks can have differing live odds for the same game. So you might not be getting the best possible odds if you aren’t checking multiple sites. The art of shopping around is considered an advanced live sports betting strategy because it requires you to take in a lot of information. To get started, we recommend keeping a few bookmakers open and chasing the best lines possible at any given moment. This is also best done on a desktop screen rather than mobile.
Arbitrage Betting: Shopping Around allows you to simultaneously maximise your success with the Arbitrage Betting technique. Arbitrage is when you place large bets on both sides of the same sporting event in an attempt to guarantee a profit regardless of the outcome. Of course, no one technique can guarantee success but they can guide your betting decisions, like the fresh and latest from Clubhouse.
As bookmakers price certain markets differently and have their own biases, shopping around means you’ll already have your eye on opportunities that cover the right markets to result in a profit.
Get to know your sport
Live betting is a combination of knowledge and intuition. Trusting your intuition is particularly valuable when game dynamics change unexpectedly.
However, getting to know your sport will give you the edge. As quick as live odds are, they are ultimately data-driven and on many occasions fail to predict potential game changes, like comebacks. Extensive knowledge can therefore put you at a huge advantage when it comes to live betting.
This tip might almost seem a bit too obvious. But you’d be surprised how many bettors have a pretty loose understanding of how live betting works in addition to the sport they are betting on; the odds are going to be stacked against them (pun intended).
Consider the manager of your favourite team. They know their players, the opposition and the rules of the game like the back of their hand. That’s precisely how you should approach live betting if you want to maximise your chances.
Betting on the opposite outcome: If you know your sport inside out, you should see the writing on the wall early when things aren’t going your way. The beauty of live betting is that you can reverse your incorrect bet by quickly betting on the other team. Whilst this live betting strategy won’t always yield big payouts, it can help mitigate some losses.
Don’t get caught up in the hype
Live betting is always more lucrative when bettors are unattached to the result and willing to hedge their bets rather than chase a big win. Of course, it’s not always that easy. People are far more likely to bet on what is considered popular by the masses. Also, people love supporting their favourite teams. However, the bookie knows this and acts accordingly.
Bookies know they don’t need to go out of their way to entice people to bet on the top of the league team when they are playing a team close to relegation. However, they do need to make the other side of the coin attractive. This means good value with the underdog.
This won’t always be the case as you really can never predict what will happen. However, generally, you want to avoid siding with the general betting public. Be immune to hype and form your own opinion. You might just be able to exploit the hype to your benefit by finding exceptional value with the underdog.
We all love the idea of a high-scoring edge-of-your-seat game. But this does mean that the actions of the masses can inflate the odds. So, if you feel strongly about a bet coming in, but believe that it’s been driven too high, try waiting for the live odds to generate midway through the first half of a game. This could provide better odds later on if things take a slow and unexpected start.
Remember, the very nature of sports is unpredictable and no sports betting strategy can guarantee success every time. It’s vital to be strategic, do your research, and know your limits. Always gamble responsibly.
