While being in some ways similar to outright betting, in-play betting has its own set of rules and guidelines that need to be followed if one wants to start making money from this type of betting. With the live betting market becoming extremely popular in the last few years, the bookmakers have taken an extra care to remain one step ahead of the bettors so you’ll need to bring your A game if you want to beat the bookies in their own game.
Right Money Management
This is something all bettors should pay attention to regardless of their betting strategy and it applies to in-play betting as well. Setting the bankroll or the amount of money you plan to use for this purpose is one of the first things a bettor needs to do and since the live betting market is all about single bets, you should always place the same amount (approximately 5% of your total bankroll) on individual bets as this would give you the highest chances of creating profit in the long run.
Only bet on sports you follow closely
In-play betting is unique in a way that it gives you the best opportunity to cash in on your understanding of a certain sport, so in order to increase your chances of winning you need to only bet on the sporting events you follow closely. Obviously, there is no point in wasting your money on sporting events you know nothing about.
Watch the games when possible
Great thing about this betting type is that you can watch a part of a game before placing your money, which can often prove to be the difference between winning and losing a bet. You can check the teams’ line-ups, tactics and style of play before betting on the game, so you should by no means pass on this excellent opportunity. If the match you are betting on is not broadcast live on TV, you can be sure that one of the online bookies will Live Stream it on their site.
Don’t chase your losses
One of the things bettors love about in-play betting is that it offers countless opportunities with new markets opening almost every minute. Nobody likes to wait for a couple of hours to find out about the outcome of their bet, so live betting market is perfect for those impatient bettors with bets being settled within minutes. However, this is something that can be counterproductive as well, since you can be tempted into chasing your losses and making bets without thinking things through, which can be a fatal mistake.
Get to know the market
Before starting to bet on live events, it would be a good thing to familiarize yourself with the market itself and see how it moves, that is, learn how the odds fluctuate. With odds changing almost every few seconds, you’ll need to act and think very quickly, so knowing how the odds usually move will allow you more time to make important decisions.
All major online bookmakers feature top-notch in-play markets with Live Stream sections, but besides checking the coverage of live events, you should also see what kind of welcome bonuses they have in place for new players prior to opening your account.