The Internet and live telecasting of matches have made live betting immensely popular.
The main difference between live bets and normal bets is the punters can gauge the motivation factor of how the players will perform or the playing strategy – whether there will be three strikers or ‘a bus of defending players parked in front of their goalmouth’.
The greatest advantage in live betting is the punters have exactly the same information as the bookmakers as the matches are being played. There is also a chance for the punters to bet at better odds if the opening odds are too low. The punters can observe the development of the game and make decisions as the match unfolds. This gives the punters an opportunity to make a ‘U-turn’ and reverse a bet when the situation necessitates.
Live betting requires great discipline and patience. Emotion can run very high during a match and your decision can be just a click on the optical mouse. The following 7 golden winning rules must not be overlooked :
1. 100% CONCENTRATION
Live betting requires a cool and sober mind. You need to be focused and decisive while the match is in progress. A joke among punters is that it is not easy to do this on a regular basis if you are not single.
2. KEEP A COOL HEAD
Watching a match is an emotional roller coaster. How many times when :
* we are winning – we hope the referee will blow the final whistle fast
* we are losing – we hope the clock will tick slower
When the chips are down, guard against being swayed by emotion. Stay calm and assess the situation objectively.
3. IF YOU CANNOT BE DECISIVE, DON’T BET
You must be totally convinced about your decision. Don’t bet just for ‘interest sake’ or to relieve boredom.
4. UNDERSTAND THE BETS CLEARLY
Make sure you understand everything about the market you are betting on, especially special bets like total goals, number of corners, number of bookings. etc.
5. BET ON WHAT YOU KNOW
It is easier to determine whether there’s value at any point of the game if you are familiar with the teams, for example, whether the team’s tactic is to defend deep or has statistically won many corners due to its style of play, etc.
6. BE MINDFUL OF THE TIME OF YOUR BET
In live betting, the bet counts from THE TIME OF THE BET, for example, in the match between Arsenal and Birmingham. At 20 minutes, Arsenal was leading 1-0. You bet Arsenal to win at Asian Handicap -1/2 (Arsenal giving 1/2 goal to Birmingham). No further goal was scored and the match ended 1-0 in favour of Arsenal. Even though Arsenal won 1-0, your bet lost because you betted Arsenal to win @ AH -1/2 from 20 minutes of play till end of the game.
7. CUT LOSS WHEN NECESSARY
The typical mindset of most punters is to hang on till the last minute, hoping and praying that their team will not let them down.
Be decisive and cut your loss as soon as you realise the match is not flowing the way you have expected. Such decisiveness can save you bigger losses in the end.
In live betting, you must judge each situation on its own merits. Do not allow emotion to interfere with your judgement. This will only compel logic to fly out of the window, along with your cash.