Not so long ago the technology to accept in-game bets did not exist, and all you could do was sit back and watch the game and collect your winnings once it was over. Bookmakers could only accept pre-game bets, and even half-time bets were off the limits for a long time. It was similar to horse racing, like the way people are only able to bet before the races at the Cheltenham Festival. But now that in-play or live betting is possible, it can really be a game changer.
Live betting means placing your bets after the event has started until it finishes. It has become very popular in recent years because people think that they can beat the bookmaker since they are watching the game in real time and can better utilize their chances. However, some would argue that live betting is actually harder if you want to make a profit in the long term, so they would not recommend it to those who are new to sports betting.
Here are a few tips to help you place your live bets wisely.
- Do your research
Experienced punters do not wait for the game to start to analyze it and make their decisions when it comes to placing bets. They do thorough research before the game, check statistics, injuries, changes, and any other details that can be detrimental to the game result and this helps them choose the best possible outcome in-play. Needless to say, you shouldn’t be betting on a game that you don’t know much about or the sport you are not really into. Stick with those that you are familiar with.
- Keep your focus
If you want to be a successful live punter, you need to eliminate all the distractions that might be surrounding you as you will need to be fully concentrated. If you are focused, you can notice tiny details that might otherwise elude you, and they could be crucial. You need to watch the entire game with full attention if you don’t want to miss out on earning some potentially easy money.
- Place an early bet
In live betting it’s all about timing yourself since playing time is a crucial factor. Depending on how much playing time is left, the odds will go upwards and downwards, and punters take advantage of this extensively. The best thing you can do is set your time limit in regards to when the bet should be placed.
- Keep track of the odds
The odds are constantly changed during the game when it comes to live bets because the bookmakers are adjusting them in accordance with what is going on in the game. Some successful punters like to bet on the favorite in the game even if they are losing because those odds on them would bring the biggest gain.
- Utilize special bets
The list of the bets you can place is practically endless, and making the most of them in-play is something that is really important. For example in football you can guess which team will score next, which player will score the next goal, who will have the next corner, etc.
- Know your limits
Because live betting is happening very fast and there are practically no limits for placing bets, you should always know your limits and keep track of the amounts you are wagering. Keep your cool, both when winning and losing to make sure you gamble responsibly.