8 Live Betting Secrets Every Punter Should Know

Discover 8 live betting tips & tricks the bookies don't want you to know

Last updated Mar 20, 2023 0

In-play betting means placing wagers on an event while it's being played. Live betting is exciting but very risky at the same time. It is a fast-paced environment where emotions often take charge and screw things up. Unfortunately, most punters don’t realise that before losing their entire bankroll.

Nonetheless, in-play betting has become so popular these days that you can find several social media accounts that provide live betting tips regularly, as well as several in-play betting apps, bots, and whatnot.

We’re not trying to vilify live betting.

The variance with in-play odds can be huge, and that creates a lot of opportunities. Also, we can’t ignore the thrill and entertainment that comes with wagering on the live sporting events as they unfold.

However, the punters who want to improve their results must understand that in-play betting is a two-edged sword, and, most likely, a costly amusement, unless they rigorously apply a proven live betting strategy.

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Let’s get down to business. Here’s how you can improve your live betting skills:

1 Study the games in advance. The best way to do that is to pretend you are placing a pre-match bet. Knowing more about the teams or players involved will help you:

anticipate reactions according to tendencies
stay away from the heat of the moment
work out if a potential bet has true value.

So don’t get involved unless you know who and what it is that you are betting on. Never wager on matches you know nothing or little about, and always abide by your chosen staking plan.

2 Follow the live streaming of the event you plan to bet on. Stats can be misleading, but the only way you can realise that is by watching the game after you’ve done your homework.

It would be childish to think that you can outsmart the bookies by betting in-play based solely on stats. Think again: If betting was all about metrics and numbers, you’d never be able to outsmart the online bookmakers and their outstanding algorithms.

Nevertheless, you can collect valuable information if you pay close attention to the action. Spotting the details that a computer isn't able to track can help you gain an edge over the bookmakers.

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3 Register with the best live betting sites. Find a few bookies that offer quality live betting services, meaning that they:

provide the betting options you are commonly interested in
accept live bets rapidly without too much delay
don’t suspend the in-play offer annoyingly often
quickly pay the winnings after the bets are settled.

Having multiple online betting accounts is also essential from a price shopping perspective. Remember, you should always bet where you can find better odds to improve your long-term returns.

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4 Don’t get lured by long shots. Betting on highly unlikely events can be very tempting, due to the high odds that are being offered for backing them. Although you may feel like it may be worth risking a few pounds on a few crazy wagers, at the end of the month, these mug bets will put a dent in your bankroll.

The odds themselves aren’t the problem. Live betting on football with silly odds is one thing, backing underdogs pre-match in horse racing is another – given that you’re using a clever betting strategy.

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Increasing the stake size only because you think you've found value is another lousy habit punters have. And the trigger is the same, the juicy odds.

For example, you've backed Liverpool to win against Tottenham with your regular stake. 5 minutes in and Spurs score from a corner. The odds for the home win have doubled, but you don't feel that they reflect the actual probabilities. And you just can’t relinquish that value. Although sometimes you might be right from that point of view, disregarding your staking plan is never a good idea.

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5 Wager for the right reason. Stay away from betting when you are drunk, bored, depressed or on drugs. If you plan to go out with your mates to watch and get a few pints, make sure to place your bets in advance.

Never mix alcohol with live betting! This fatal combination can lead to bankruptcy in a matter of minutes. You have been warned.

Also, don't chase losses. Losing is part of the game. Even the pros have bad runs and negative months. Don’t blame bad luck and stop thinking about turning things around by increasing the number of wagers or the stakes. Just stop when things aren’t going your way.

6 Have a cash-out plan. Although it may seem to be an incredible live betting feature that allows you to get out of loosing bets or secure some of your wins before the game ends, take cash out with a pinch of salt.

You are increasing the bookies’ margin every time you cash out, so make sure you aren’t going to use it very often. Unless you have a strategy in place, don’t use the feature at all – you’ll be better off in the long run.

And what's worst of all, is that the cash-out facility can become addictive. So don't feed the habit. Kick it out!

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7 Test your new in-play betting strategy without losing real money. Most live betting strategies may seem easy to put into practice, but there might be a few things that you need to learn before you’ll be able to keep things under control.

Don’t waste your money betting before you become familiar with the movement of the odds in different scenarios, and don’t forget to take notes. Feel free to start using pocket money after you’ve grasped the basics and done a few simulations.

However, if you simply can't improve and you're continually losing, consider sticking to pre-match betting – live in-play betting may not be for you.

8 Consider using in-play betting software. There many apps and betting bots out there these days. Some cover all sports, while others are niched for football, tennis, horse racing, greyhound racing etc. But how can they help you? Some of these apps will enable you to:

create an automated betting robot to place bets at your behalf according to the real-time odds and stats (shots on target, shots off target, corners, free kicks, penalties, yellow cards, red cards, dangerous attacks, pressure index, etc.)
monitor unique stats and graphs to understand how the public reacts
trade your bets by setting complex auto cash out parameters
set alerts to find sudden changes in volume trends and capitalise on value betting opportunities before the odds are adjusted.

Utilising modern live betting apps can be awesome, as long as you're an experienced punter, and you know what you're doing. Just think of it: You can automate your live betting strategies and do otherwise unachievable things. But don't be tricked into thinking that a betting bot will turn a loser into a winner.

To be successful in live betting, you have to practice and be consistent.

At the end of the day, the best live bets are those placed where the value is. Apply the same principles as in pre-match betting, making sure you can control your emotions. Remember that live betting is a two-edged sword: you can deplete the bankroll as fast as you can double it!

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