Live Betting Explained: How to Maximize In-Play Winnings

As a bettor, you must have heard about live betting and you are wondering how to maximize in-play winnings. 

Then you are going to learn everything about what live betting is about and how you can with it. 

These are very dicey waters and if you are going to make the most of it, then you are going to need all the help you can get. 

Live Betting Explained 

Live betting is where you get odds to bet on when the match is going on. As the game progresses, the odds will always keep changing and they will be changing fast as well. 

Everything changes very fast in live betting such that you can be seeing the odd for something like a home win to be around 1.27 odds and then the away side scores a goal and the odds for the home side to win will shoot up to 5.00 odds immediately. 

It may be that they are actually favorites to win before they conceded but the odds do not respond to feelings or earlier arrangements. It responds to the current state of things. 

That is why it is a good opportunity. 

Here’s what we mean. 

Maybe there is a match between Manchester United and Leicester and the odds for Man Utd to win is 1.56 for instance and that for Leicester to win is 5.78. 

Now, as the game starts, Leicester scores a goal at 5 minutes. Immediately, they score the goal, the odds will shift in favor of Leicester instantly. 

It could switch to the point where the odds for Manchester United to win would be 5.23 odds and that of Leicester to win since they are already winning would reduce from the 5.78 it was originally to around 2.00 odds. 

Now, you can take advantage of the 5.23 live odds that Manchester United has at this point to win more from them winning instead of betting on them before the game starts. 

That is why live betting is great and desired by smart punters. 

How Do You Place a Live Bet?

It is not a different setup to place a live bet because it is just about taking the opportunity. 

You just have to visit the sports betting app when the odds have changed and place your bets the right way. 

On the betting site, you can see the games and the odds that have changed for each outcome. 

Then, you click on the odds and it will load up your betslip and you put in your money if you have not deposited money before. Waiting too long will make the odds adjust and change. 

So, it is not about a different way to place your live bet but a fast way to get it done. 

What Sports Are Best For Live Betting?

The sports for live betting are:

1. Football 

2. Tennis 

3. Basketball 

These are odds where the changes happen rapidly and if you want to take advantage of live betting then you are going to love football betting. 

In football betting, you can see live odds on several things. In fact as the game is progressing, even if they are just kicking the ball around, the fact that you are watching the bets, you will notice the changes being made. 

How Do You Read Odds In Live Betting?

You can read odds in live betting the same way as you would read the odds when they are not live. 

Generally, odds tell you how likely an event is to happen. So, the idea is that the higher the odds, the less likely the event is going to happen. 

Anything from 1.00 to 2.00 feels highly likely to happen and when it is too high, then the market does not think about it happening. 

This is how you read odds in live betting. 

What makes reading odds very interesting in live betting is the fact that you are getting something that was just manipulated because of the current state of things. 

The logic does not work all the time but then if you get it right, it can change everything for you. 

What are the risks of live betting?

Everyone knows that taking part in live betting is great because it offers more odds and better cashouts but it is rather risky than many think. 

First, live betting because of its urgency, can make you take decisions that are not well-calculated. 

There was a game where I was playing live bets and the stronger team went down by a goal and their odds of winning grew higher from the 1.03 it was earlier to around 9 odds. 

I quickly placed my bet for the stronger team to win just to take advantage of the 9 odds. 

But as soon as I placed my bet, the winning team scored again and in another 10 minutes, they scored again. 

If I was patient enough with the live bets, I may not have placed the bet but that quick desire to take advantage just made me lose the whole bet. 

This is the major problem with live betting. 

Tips to Help You with Live Betting 

The following are some of the tips that we offer to bettors when it comes to live betting:

1. You should only place a live bet when you are watching the match and not just following a livescore update. 

2. Always keep your bet smaller and do not spend too much on bets. 

3. Keep your emotions in check as they can rapidly affect how you make your decisions. 

So many people keep making these bets without doing the above and this is why they do not make use of the main idea of live betting. 

For the match I spoke about earlier, I was not watching the match to see that the team that scored first were clearly dominating. I was concerned with the idea that the odds have grown and just assumed that it was because the opposition was just lucky. 

FAQs

What to look for when betting on football?

There are a lot of things to look for when you want to bet on football and they are H2H records, home and away win record, goalscoring average, what the match wins for both teams, and much more. 

How to pick a winning football team?

You can pick a winning football team by checking how the team has been playing in their last 10 matches. A football team that you should expect to win should be one that always wins, has a good home and away win record, and has always won from the H2H record. 

What is the best way to make money football betting?

The best way to make money in football betting is to bet with safe odds which are provided by a good football prediction site. 

What are the disadvantages of live betting?

There are so many disadvantages of live betting and they include: speed can make you rush to make the wrong decision, you are betting with emotions and not logic, and you need to be cautious always among other things. 

Is live betting profitable?

Yes, live betting is profitable but as much as it is profitable, a lot can change quickly to prevent you from winning.