When comparing live and standard (that is, given before matches) lines there are a lot of differences in the odds themselves and possible analyses of future bets. Live odds usually include more attractive coefficients as the event has already started and betting needs to be dynamic. The fact that the match is in progress right now and you can see scoreboards and odds changing according match situation is definitely a positive phenomenon. You don’t need to waste no time; the result is going to be set in few minutes or hours as well as the new bets.

On the other hand, this dynamic system has its negative sides. The bettor doesn’t have enough time to think through the bet because attractive odds can be lost in just a few seconds. That’s why live betting is one of the most profitable branches in bookmakers’ business. Many players (about 70% of all live bettors) make rash decisions and don’t evaluate prices objectively. They start to bet on every available event without analyzing the situation; it looks more like roulette – “yes or no, nothing else matters”.

Technological progress

Another option is live odds correcting by computer software. Some sportsbooks prefer to use special programs that change lines during the match according to strict parameters. For example, if a soccer match is scoreless, a computer program just slightly changes odds as time passes by. In such situations the chance of making a mistake is close to zero as the machine can’t advisedly raise or lower the coefficients. Nevertheless, bettors can also find advantages here. For example, during first half of a soccer match when two equally strong teams play (original line was 2.7 – 2.9 – 2.7) the score is 0-0 but one of the teams posseses the ball much more and already has a lot of key moments to score as the other one doesn’t even cross the middle circle. Computer odds won’t reflect the situation fairly. Bettors have an advantage as the first team would win such a match in 85% of cases. Sportsbooks offer live odds for a wide range of events so they can’t physically get enough people to give lines. As a result some events are monitored by specialistic computer programs.

In conclusion, it can be said that to become a successful live bettor you need to remember these simple pieces of advice: quick understanding of the odds (is the coefficient higher or lower than the fair one) is very important; doubling your bets with lower odds is always a bad decision; making at least a brief analysis of the event you are going to bet on will help you greatly during the match; spending too much time on betting live will cause serious faults (live session should not exceed 3-4 hours as you are just a human being and tiredness can cause you to make wrong decisions).

Live betting has its own advantages and disadvantages. The one simple thing you should never forget, is that live betting is very dynamic work and requires a lot of intellectual strength, plenty of time and nerves of steel.

Author Bio: Lucille Demers is an online sports betting enthusiast and a frequent US bookmaker customer.

Category: Recreation
Keywords: live scores, online bookmaker, live sports, sports betting, betting online, sportsbook, live odds