What is Live Betting and How to Profit From It
How to bet on NFL games is a process most bettors analyze during the week when new lines come out for Sunday`s action. Most off-shore books have a “live betting” category for those wanting to hedge their picks. Betting the NFL games after they start is the latest trend of available options to hedge your original bet or limit your perceived losses. What is live betting and how can you profit from this betting format.
Live betting allows bettors to wager during a live game with different lines posted after the game has started. New odds on the spread, money line and totals will be posted as the game progresses and how teams perform. Bettors can lock in profits by betting before the game starts and betting during the game. The action is fast and bettors need to be focused and ready to hedge their bets when the timing is right.
Some Las Vegas books are starting to offer variables called “in game running” (live betting) to those who have an account with that Sports Book. The account can use the books online intranet closed system with their downloadable app on a computer or smart phone from anywhere inside Nevada only. The account also works when you log-in at the sports book terminal connected to a screen monitor.
How to bet on NFL games is hard enough without more options to consider. But if you have a strategy to follow, live betting can be very beneficial. There are times when you can lock-in a winning bet when the money lines change during the live betting process. An example is betting the ML (money line) on SF 49ers at +130 to win over the LA Rams on an early season Monday night game.
When SF was up 7 in the first quarter, the Rams moved from a ML favorite at -150 to a ML dog at +140. If you bet the 49ers at +130 for a buck ($100) before the game started and bet the Rams after the game started on the live betting board at +140, you locked in a winning bet in the first quarter.
When you get a plus ML odds on two teams playing each other, you cannot lose. You can make either $30 or $40 on the winning team. You do not make as much money as you wanted but why turn down a sure thing — no risk and guaranteed profit.
When in doubt, wait for the game to start and get a better feel for the game. Watch the odds changing during the live betting posts that update frequently. It is a fast paced process with changing numbers after an interception, fumble or big play. Be ready to place your live bet when you get your number. Remember, this is an optional tool to use if you want the excess action. If you are confident with your game bet, sit back and root home a winner.
Betting the NFL live option can be a little more stimulating than a straight bet before the game starts. You sit through the agony or the joy of watching your team perform. You have no options unless you can use a live betting format — if it is available.
Half-time betting is OK but those numbers are usually pretty sharp and expensive.
How to bet on the NFL is a selective choice and live betting allows you to limit your losses if your game choice is not going your way. You can bail out of your position and cut your expected losses by 50% or more. When you bet a game on the under and a special teams quick touchdown gives you ulcers, wait for a decent live number to hedge your bet.
Your under bet is too risky to wait on. Get out while you can without much damage. Move on to another game day and limit your bad decisions. It happens to all of us. Learn to use live betting to increase your winning percentage and limit your perceived losses.
However, a totals bet during live betting can produce a big middle of around 10 points. A totals line of 44 to start can easily jump to 54 if there is double digit scoring in the first quarter. An over 44 bet before the game and an under 54 bet during live betting is a 10 point middle only seen during live betting. If the game goes over the 54 bet you lose one way and win the over 44 total. On a $100 bet each way, you risk $10 to win a middle of $200. Worth it every time!
The types of live bets offered are going to vary greatly depending on the sport and where you are betting. It requires a great deal of manpower and technology for a sportsbook to run live betting operations. They have to set new lines in real time and do not have days or weeks to post their number like normal bets. For all of these reasons, the types of bets offered are going to vary around the spread, money line and totals.
- The benefits of live betting
The exciting reasons about live sports betting is there are so many great benefits and reasons to play that did not exist before. A lot of the benefits are similar to those you get from traditional wagers but are amplified with this new style. What are some of the most popular reasons people get involved with live sports betting.
- How to profit from the odds
Technically, the odds on all bets are supposed to be correct or accurate to the final score. The sportsbooks spend lots of time and money hiring professionals or setting up computer systems to help them set the perfect odds on a live game. If they happen to set a line incorrectly, they stand to lose a lot of money if bettors can jump on it before they adjust it.
This becomes fairly easy and straightforward for the sportsbook when they have weeks and days to prepare and research their lines ahead of time.
This extra time cushion is gone with live sports betting. The sportsbook is required to change odds and make predictions in real-time. They do not have time to second guess themselves because they have to stay up to pace with the game. The pace of baseball is slow and better for the books. Football has their game clock before the next play and basketball has a fast and furious pace for books to adjust on the go. They usually wait for a timeout to change numbers.
- Watch for soft lines and weak numbers
The two ways a sportsbook posts live odds is through a team of “brains” or smart bettors that have the task of setting lines. These people are the best in the business at probability and are fairly accurate. The second way is through complex computer systems that take all the available data into account to set new lines and odds in real time.
The problem for the sportsbook is both systems are not perfect, especially in crunch time. Human error is inevitable and results in uneven odds. Computers can analyze quantitative data but cannot measure momentum and coaching.
Quantitative data has a numerical value which can be counted. This would be how many points the team scored, how much time is left, how many fouls players have and other statistical data. Things that cannot be measured are team morale, signs of injury or bad coaching decisions. Computers are not capable of catching these types of human factors that are not measurable.
The human errors and technological implications shows it is likely you are going to find an incorrect line for a short time. Profits are made with quick decisions and little doubt about betting opportunities from live betting mistakes and errors in judgement. The books will be guessing sometimes as they have to make the first move and post their numbers quickly and hope for the best.
- When live betting works the best
Live betting is acknowledged as the latest and greatest when it comes to advancements in sports betting. Live betting offers players the ultimate experience in entertainment, betting flexibility, and money making opportunities. Available mainly online due to its highly technical nature, live betting allows players to become light years more immersed in the action with thousands of new betting options.
Sometimes these wagers are offered between quarters or periods, and in some cases, they are offered after every single play or drive. Basically, you are able to bet on a multitude of different things at any point during the game. The number of different betting types and the frequency at which they change is all dependent on the technological capabilities of where you are betting.
Live sportsbooks and casinos will have the fewest and sometimes no options for live betting as it is more technologically difficult to keep up with the action. Online sportsbooks and casinos will have the most options and the most variety of betting options as they have the technological resources to keep up with the games and handle all the changing action.
The joy of this technology makes wagering easier for the bettor looking for profits. You also do not run the risk of your bet changing before you place it because there is no waiting.