It wasn’t that long ago that all betting stopped once the race started. In the past, even if you placed a bet, you had to sit back and watch the game until it was over in order to collect your winnings. Sure, you could make predictions based on what was happening in the race, but no one would take your bets. This is because bookmakers simply don’t have the technology to handle betting on anything other than pre-match bets or the occasional half-time game.
However, all of this has changed with live betting. It has changed the world of sports betting forever! Live betting is the ability to bet on sports events in real time. The new technology allows bookmakers to offer live betting, so bettors can continue to place bets and win money online as the game progresses.
Live betting provides more results for you to analyze and bookmakers offer constantly fluctuating odds. This not only makes the experience of watching and betting on sports events more exciting, but also benefits bettors who have the greatest knowledge of the game. If you’re not familiar with live betting, here are 5 live betting tips to help you get started.
Do the homework
Everything in live betting happens much faster and there are a lot of factors to analyze. Live betting benefits those who know the sport and the parties involved best. But successful live bettors don’t wait until the race starts, they do their research first. They focus on the sport they know well and plan the races they are most confident in predicting the outcome. Remember to allow enough time before the race starts to make yourself aware of any factors that may affect the race.
Stay Focused
The Internet makes it easier than ever to bet on almost any game from anywhere, so bettors can spread their bets as widely as possible before checking the results.
You need to focus on each game as much as possible to increase your chances of winning. Whether you’re watching the game at the stadium or streaming it through the app, make sure you’re focusing on the right area. If you’re watching the game while chatting with friends, having a few drinks or cheering on your favorite team, you’re probably making a mistake that will cost you! Stay focused because you need to know the little details that affect the odds and react quickly when you decide to place a bet.
Understanding Momentum Fluctuations
Momentum fluctuations have always been a key factor in determining betting odds. They have often been measured over the course of a season in the past. Astute bettors use their knowledge of the sport and attention to detail to spot the less obvious indicators of momentum fluctuations. By understanding these momentum swings before the bookies do, you can get great odds on live betting.
For example, individuals or teams that take the lead are more likely to gain confidence and benefit from a more supportive atmosphere. This increases the chances of them continuing to win. In contrast, consecutive losses lead to a drop in confidence and create a more hostile atmosphere.
Backing your favorite team when they lose
This is a simple live betting strategy and one that is used by successful bettors. This strategy uses momentum swings and it involves betting on favorites even when they are losing.
Now, betting for individuals or teams when they lose may sound counter intuitive, but this is where you can get the most bang for your buck. For example, when betting on tennis, if the favorite loses the first set, then the odds determined before the match will be readjusted to a rollover bet.
Once the bookmaker has readjusted the odds, you can place your bet on your favorite at a better price than the person who bet on them from the beginning.
Money Control
It’s always a good idea for bettors to keep track of how much you’re betting and what your limits are. This is especially true for live betting, as it is faster paced and the betting options are almost unlimited!
Experienced bettors use a money management rule that varies between 3-5%, which is the percentage of money you should consider betting at any given time. Assuming you have $100 to spend, you should not bet more than $3 to $5 per game.
Whatever rules you decide, make sure you always bet responsibly and never bet more than you can afford. It’s also a good idea to start with small bets, as live betting can be overwhelming at first, especially when the odds change quickly.
Conclusion
Today, live betting is becoming a fundamental part of sports betting. With live betting, the odds change quickly and new bets are introduced. Unlike pre-game betting, you may be far away from the game, requiring your undivided attention. Of course, this is the general appeal of live betting. Whether you’re a seasoned pro or a newbie, use these live betting tips next time.