Live Betting – Common Mistakes
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Introduction: Live Betting
Live betting also lets you spot a potential comeback before it happens, and you can up your bet now the odds are changing. But due to the fast-paced nature of changes taking place before our eyes, many punters make some pretty basic mistakes on a regular basis. So let’s have a look and see if we can pinpoint changes that’ll help you become a more successful bettor at the online jackpot sites.
Live Betting: Not Watching the Game
This sounds like a no-brainer. Trying to live bet without watching the game as it progresses is just plain nuts. That’s because the whole key to living betting being profitable is that you can spot the exact moment the odds change during play. Live betting is not a passive experience. You need to move as the action is being played out. At the end of the day, you need to be paying attention at all times. Though watching a match will not guarantee you a win with live betting, not watching a match and still betting will just get you a bad time.
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Betting For Outcome Probability Over Value
This is a common misconception. That one should bet only on the possible result. You absolutely must consider both the risk and the value of the outcome. many punters simply follow the favorites. This is all well and dandy, but because they are the favorites, then the odds are going to be pretty rubbish. There’s a dangerous philosophy in risking more than you stand to gain. For example, you’re following a game and the outcome looks pretty solid. So is it a good idea to take your $400 and place it on the winning team who have odds of -400? Probably not as you’d risk $400 to win $10.
Avoid Heavy Favorites
Keep in mind, that with these odds, you’d have to win the bet 40 x in order to make up for just a single loss. To even win money after a loss, then you’d need to win 41 x. That’s not good betting optics. On the other hand, if you put your money down on the underdog at +4000, then you only have to win the one time to ensure a massive profit. So with a $10 bet, you could win $400, then there’s good value from the get-go. And gambling, as its name suggests, is about taking a risk.
Remember that taking heavy favorites is not going to provide you with any real value. Also, playing huge for the underdogs is a sure-fire way to throw away your cash. Pick your games carefully and if there are no pickings, then be patient and wait for a game with value.
Live Betting: Money Management
Managing a bankroll whilst live betting can quickly turn int a messy headache. Most types of games you’ll be betting on the move at an incredible pace. And you’re hoping to make bets during this game, with winning and losing on the fly, it’s a super stressful time. But, if you want to avoid significant losses, then you’re gonna need to control your bankroll spending. The simplest method is a simple “money in” and “money out” running number that gets updated every time there’s a change of fortunes. With this, you’ll have a concurrent running total that’ll allow you to see have many remains in the kitty.
Don’t Bet Against Yourself
There’s another crucial factor that many live bettors get wrong, and that’s “contradictory wagers”. These are bets that you make during a game, that for some unbeknownst reason go against bets you made previously. Imagine that you bet $100 on the Packers beating the Seahawks. If the Seahawks are up early, then you might be tempted to bet $200 on the Seahawks to cover your losses and still win $100. But things can change yet again. Then you would be losing money simply because you went against your initial play. As a general rule, during a live betting session, never find yourself putting money on both teams during the course of play. Though we understand that hedging your bets is a reasonable play, the risk that comes from contradicting yourself is really not worth it.
Making Too Many Bets
With live betting there appear to be endless betting possibilities. The odds swing this way and that and it’s all so entertaining and exciting. But don’t go overboard with your action. Try your hardest to keep things simple. When watching a live sporting event, you’re bound to spot a money-making opportunity ready-made for a juicy bet. But, as the old adage goes, “Just because you can, doesn’t mean that you should”. You just can’t possibly hope to be able to take advantage of every possibility that comes your way. So it’s best not to over-thing anything, and just get on and enjoy yourself.
Live Betting: Not Having a Plan
With live betting, it’s much better to go in with a plan. This way you’ll have a better idea of at what point you might like to try your luck. If you divide a game up into three or four main parts, then you can keep an eye open at the start of each of these sessions. On the whole, we feel that a good strategy is to closely follow the odds as they are constantly changing. Try to be patient and wait until the value will be highest. Try not to predetermine your betting choice, but let the flow of the game be the most important factor. Essentially, pick your time to place a live bet with an open mind, not the team with which to place the bet.
As always, do your homework before even considering making live bets. Then watch the game like a hawk and remember to only bet on value, not on outcome.
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