Betting Strategies
05.06.2023, 07:29
20.05.2024, 12:32
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Mastering Live Betting: 5 Effective Strategies for Success

Live betting, also known as in-play betting, offers an exciting and dynamic way to wager on sporting events. To maximise your chances of success in live betting, it is essential to employ effective strategies.

In this article, we will explore five proven strategies that can enhance your live betting experience. These strategies include analysing the current situation on the field, keeping an eye on the stats, utilising a contrary outcome betting strategy, considering the odds, and avoiding emotional betting decisions.

Incorporating these strategies allows you to make more informed and strategic live betting decisions.

1. Analyse the Current Situation in the Field

When engaging in live betting, it is crucial to analyse the current situation on the field. Assess the momentum of the game, player performances, team strategies, and any other relevant factors.

By observing the ebb and flow of the match, you can gain valuable insights that may have yet to be evident before the game started. This analysis lets you make more accurate predictions and identify potential betting opportunities.

Example of Step-by-Step Thinking

Let's consider a hypothetical football match between Team A and Team B. The match has just started, and you're ready to place your live bets. Here are some step-by-step considerations:

Step 1: Initial Analysis

Before the match even starts, you'll want to do your homework. Check statistics, line-ups, head-to-head records, recent forms, injuries, etc. Let's assume you've done this, and you reckon Team A is a stronger side and should theoretically win.

Step 2: Watch the Game and Analyze the Situation

Let's say the game starts, and Team B, the underdog, scores an early goal. This is where live betting comes into its own because you can analyse why they scored.

  • Was it a lucky break?
  • Was it a defensive mistake from Team A?
  • Or does Team B look more potent and active on the field?

Step 3: Adjust Your Betting Strategy Based on Your Analysis

If Team B scored due to a defensive error from Team A and Team A still seems strong, you might conclude that Team A could come back.

Given that they're now a goal down, the odds on them to win will have risen. This could be an excellent opportunity to place a bet on Team A to win, as you can get a higher return than you could have before the match.

On the other hand, if Team B seems genuinely strong, pressing high, controlling the game, and creating more chances, you should reconsider your initial analysis and place a bet on Team B.

Step 4: Keep Updating Your Analysis as the Game Progresses

Live betting requires constant analysis and adjustment of your betting strategy. You need to be vigilant and react to changes in the game quickly.

For example, a red card, a critical player injury, or noticeable changes in the weather conditions can significantly influence the game's outcome. If these changes occur, you should be ready to adapt your betting strategy accordingly.

2. Keep an Eye on the Stats

Stats provide valuable information that can influence your live betting decisions. Pay attention to critical statistics such as possession, shots on target, fouls, and other relevant metrics depending on the sport.

Analysing the live stats can help you gauge which team or player has the upper hand and adjust your betting strategy accordingly. Combine this data with your game observations to make more informed bets.

Step-by-Step Example

Step 1: Choose the Appropriate Match and Pre-Match Analysis

This starts before the match begins. Choose a match where you believe there is potential for live betting. This could be based on team form, head-to-head results, player injuries, etc.

Step 2: Watch the Game and Keep an Eye on the Stats

Once the game starts, you typically watch the game while also keeping an eye on the real-time statistics. Many betting websites and sports networks provide real-time stats during games.

Key stats in a football game can include:

  • Possession percentages,
  • Number of shots on target,
  • Number of corners,
  • Number of fouls,
  • Number of cards

Teams A and B are 30 minutes into the game, and the score is still 0-0. However, you notice from the stats that Team A has had 70% possession, 6 shots on target compared to Team B's 0, and 5 corners compared to Team B's 1.

Step 3: Analyzing the Stats and Placing a Bet

From these stats, it's clear that Team A is dominating the game so far, even though they still need to score. This could present an opportunity for a bet.

The fact that they haven't scored yet despite dominating might mean you can get better odds on them to win than you could have at the start of the match. You could place a live bet on Team A to win.

Alternatively, if you believe that Team A's pressure will likely result in a goal soon, you might bet on Team A to score the next goal or on a goal before halftime.

Step 4: Monitor the Stats

Keep an eye on how the stats evolve as the game continues. If Team A continues to dominate, consider placing further bets. If the balance of play shifts, you should hold off on further bets or even place a bet on Team B if they'll likely come back.

VP-Bet Team’s advice

While statistics can provide valuable insights into the flow of a game, they are not a guarantee of the final result. Like all sports, football can be unpredictable, and a team that dominates the stats can still lose if they're not careful. Always be aware of this when you're betting.

3. Use a Contrary Outcome Betting Strategy

A contrary outcome strategy involves betting against the prevailing momentum or popular opinion. If most bettors favour a particular outcome, consider betting on the contrary.

This strategy is based on the premise that the betting market can sometimes overreact to specific situations, creating favourable odds for the less popular option. However, exercise caution and ensure that your decision is backed by analysis and not solely by contrarian instincts.

Step-by-Step Example

Step 1: Pre-Match Analysis

As always, before the game, you will research the teams, players, their recent form, head-to-head records, etc. Let's assume you have two teams, Team A and Team B. Team A is the stronger side on paper.

Step 2: Early Game Trend

The match starts, and surprisingly, Team B takes a significant lead early in the game. Let's say they lead by 15 points at the end of the first quarter.

Step 3: Applying the Contrary Outcome Strategy

Despite Team B leading, you decide to apply a contrary outcome strategy. You know Team A is a strong team, and there's plenty of time left for them to return.

Due to Team B's early lead, the live betting odds on Team A winning have increased, making it potentially more profitable to bet on them now than before the match.

So, you place a live bet on Team A to win the match.

Step 4: Monitor the Game

You will continue to watch the game closely. If Team A starts to close the gap, your bet might be in a good position. On the other hand, if Team B extends their lead further, you could apply the contrary outcome strategy again and place another bet on Team A, taking advantage of even higher odds.

The contrary outcome strategy is based on the idea that the momentum in sports can shift quickly and that teams or players behind may still have a good chance of winning.

VP-Bet Team’s remark

Like any betting strategy, the contrary outcome strategy needs to be more foolproof. It's entirely possible for a team or player that takes an early lead to maintain that lead and win the game. Always be aware of the risks when you're betting, and never bet more than you're prepared to lose.

4. Consider the Odds

Odds are an essential component of live betting. Continuously monitor the odds during a match, as they can fluctuate based on the events unfolding on the field.

Seem the opportunity if you spot favourable odds for a particular outcome that aligns with your analysis. Conversely, if the odds become unfavourable for your initial prediction, consider adjusting your betting strategy or refraining from placing a bet altogether.

Step-By-Step Example

Step 1: Pre-Match Analysis

Before the match, you'll do your research on the two players. Their recent form, head-to-head record, court surface preferences, and other relevant factors.

Step 2: Monitor the Match and the Odds

You'll also want to watch the live betting odds as you watch the match. The odds fluctuate based on the score, the match's momentum, and other factors.

Suppose you're watching a match between Player A and Player B. Player A is the favourite, but Player B plays well early on and takes the first set.

The odds of Player A winning the match will likely increase due to this early setback. However, despite losing the first set, Player A had multiple break-point opportunities and seems to be playing well.

Step 3: Place Your Bet Based on the Odds and Your Analysis

Based on your analysis, you believe Player A still has a good chance to come back and win the match, and now you can get better odds on that outcome than you could before the match. So, you decide to place a live bet on Player A to win.

Step 4: Keep Watching the Match and the Odds

After placing your bet, you'd continue to monitor the match and the odds. If Player A returns, consider placing additional bets, depending on the odds and the state of play.

If Player B extends their lead, you might hold off on further bets or even consider placing a bet on Player B, depending on your match analysis.

VP-Bet team always says:

The odds represent the bookmaker's view of the likely outcome and incorporate a profit margin for the bookmaker. They are not a guarantee of the final result. Always be aware of the risks when betting; only bet what you want to lose.

5. Avoid Emotional Betting Decisions

Emotions can cloud judgment and lead to impulsive betting decisions. Detaching yourself from personal biases or attachments to specific teams or players is crucial.

Make objective assessments based on the game's dynamics, statistical analysis, and odds. By staying rational and disciplined, you can avoid making irrational bets driven by emotions, increasing your chances of success in live betting.

This section obviously doesn't need any step-by-step example guide 😃

The VP-Bet Team advises against making emotional betting decisions based solely on personal feelings and sensations. It is crucial to rely on intelligent analytics and data analysis when placing bets rather than being driven by emotions.

By avoiding emotional betting decisions, you can make more informed and calculated choices that increase your chances of success in the long run. Remember to approach betting rationally and utilise reliable information and analysis to make well-informed wagering decisions.

FAQ

What is live or in-play betting?

Live or in-play betting is placing bets on a sporting event while it is happening. Bettors can observe the action in real time and make informed decisions based on the current circumstances of the game.

What sports can I bet on in play?

In-play betting is available for various sports, including football (soccer), basketball, tennis, cricket, rugby, hockey, and more. The availability of in-play markets may vary depending on the sportsbook and the specific game or event.

What types of bets can I place in play?

In-play betting offers a variety of bet types, including match result, next goal scorer, next team to score, total goals, handicaps, and many more. The available options depend on the sport and the sportsbook you are using.

What are the advantages of in-play betting?

In-play betting allows bettors to assess the game's flow, observe player performance, and take advantage of real-time shifting odds. It can provide an edge in making more accurate predictions based on the current state of the event.

Are there any risks associated with in-play betting?

In-play betting carries certain risks, as odds can change rapidly, and the outcome of a game can be unpredictable. It's essential to stay focused, make quick decisions, and adapt to the changing dynamics of the game.

How can I access in-play betting markets?

Most reputable online sportsbooks offer a dedicated section or tab for in-play betting on their website or mobile app. Go to the live or in-play section to view the available events and markets.

Is it necessary to watch the game while placing in-play bets?

While it's only sometimes necessary to watch the game while placing in-play bets, it can provide valuable insights and enhance the betting experience. Many sportsbooks also offer live streaming services, allowing bettors to watch the games in real time while placing their bets.

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