Internet technologies have revolutionized betting in many ways. Today you not only can bet without getting out of the couch, but also the fun of betting does not even stop when the action begins.
The history of sports betting in UK is not short and it has been a long tradition for people to go to the Eurofootball office in the neighborhood and place their bet on an upcoming sporting event (in most cases - a football match) and then settle down comfortably in their living room, watch the event and hope they guess the winner from it and then return to the bookmaking office and take their winnings if they were lucky. Nowadays, you can continue to bet until the last referee signal or the last few meters of a race in horse racing competitions. You can also place bets through the bookies’mobile applications: bet365 App, betfair mobile app and bwin mobile app.
How does live betting work?
Live betting is like normal sports betting with one important detail - everything, especially the odds, is changing very quickly. Let's take a football match as an example. With the start of the event approaching and the announcement of the starting lineups and everything else related to the match, the odds in most cases calm down and largely reflect the chances of different results. For example, let's say that Manchester United plays at home against Liverpool. This match starts with the following odds at Bwin:
- Manchester United - 1.70
- Liverpool - 5.00
- Draw - 4.00
Immediately after the first referee signal, the odds begin to change very quickly literally every minute as the bookmaker works hard to update the odds based on what is happening on the pitch. Maybe Liverpool enjoy good form in the first few minutes of the match, owns more the ball and creates more positions, which can lead to a slight change in the odds - the odds for the draw and the Merseysiders win will fall slightly, while those for United will rise. Then, if Liverpool materializes their superiority and scores, the odds will already undergo a drastic change. Suddenly the rate for the Red Devils will jump somewhere around 2.50 and the one for Liverpool will drop to around 2.20. These up and down swings will continue throughout the match and reflect two things: What happens on the pitch and what the players are betting on.
The good news for you is that you will be able to bet not only on the winner of the match, but also on the next goal, the next corner, the correct result and thousands of other markets
Live betting is a great opportunity to make money from your bets. After all, when the match starts, you are left alone against the bookmaker's experts and, if you can show more knowledge than they do, you will be able to beat the bookmaker and make a profit.
Live Betting System
Many people will try to sell you "secure" systems to help you with your bets. Rest assured that almost all of them are complete nonsense and cannot make a profit in the long run, but there are also some that can be profitable if used wisely.
One interesting system is the "Bet Against Draw/ Lay the Draw", which is intended to be used primarily on betting exchanges like Betfair, in which you can place a bet against the event (lay) as well as for the event (back). You can find out more about how Betfair works from our Betfair review and "How to make money from Betfair bets".
Here's how this system works:
You choose a football match that starts soon and you place a bet against draw (that is, you bet that the match will NOT end evenly). In most football games, you will see the draw being scored between 3.00 and 4.00. These betting odds are for matches between relatively equal teams. Then, when the first goal is scored, the odds for X will be raised and you will be able to bet "For" him. If you use an arbitrage calculator, it will tell you the exact amount you have to bet to guarantee 100% profit, no matter what happens in the rest of the match.
However, don't rush to seek a Ferrari dealership yet, because there are some things that can go wrong. For example, if there are no goals for the entire match, you lose all your bets. However, this happens relatively infrequently - less than 10% of all matches end without a single goal - and the winnings from the other matches will be big enough to wipe out the loss of a no goals draw. And your job is to choose your matches so that the percentage of no goal draws is as small as possible. Another thing that is not so obvious is that if the duel is unbalanced and the underdog scores, the odds will actually be smaller and that will not be good for you! Therefore, it is important to apply the strategy only when the teams that are facing each other are judged by bookmakers to be equal or close to equal.
Remember, however, that it's not easy to "play" bookmakers in their own game. Everything is based on experience, good handling of numbers and outsmarting the book. When you have enough experience and a level of expertise, you will not need to use any system and will be able to beat the betting sites with your knowledge - when you see the odds you will know if they are too high for any bet relative to the situation they are applied to. We can advise you to take the time to simply watch the markets in live bets. So quickly you will develop a sense of how and in what situations they change.
Be sure to check out both the Live Betting Strategy and the Last Minute Goal Strategy.
Why to use live betting?
Live betting allows players to have more information before a bet is placed than they would have before the start of the game.
For example, you can support a team that you think has a good chance of winning, but you're still not sure. Why not just wait the first 20 minutes and see how the match unfolds? How does your team play? What tactics does the team use? Has the coach released his best players? Does the opposing team do what you expected them to do? Does the Referee seem to be biased towards one side? You can answer all these questions if you watch the match.
