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How To Bet On Sports: Live Betting Explained

live betting

Live betting is simply betting on events that are happening right now.

Have you ever wondered how to bet on sports? The good news is that betting on sports is remarkably simple. The general process is to (1) identify an upcoming event, (2) identify which teams you believe will be participating, and (3) predict the final score. If you’re wondering how to bet on sports, you’re in the right place. I’ll show you how to get started and how to bet on games using Livetipster.

Getting Started

The first thing you should do is make sure you have the correct bookie site. If you’re new to sports betting, you may be thinking, “Why should I use a site that requires me to register?” The answer is that there are a lot of sportsbooks out there, each with their own unique offers. In our examples we use bet365, the world’s most popular sportsbook. It is easy to navigate and simple to use, making it a great place to start. The Step-By-Step Process to Betting On Sports To begin, you will go to the main page of the site and click the “Bet Now” button. You will then have to input a couple of pieces of information.

Choosing your favorite sports

Before we dive into betting on sports, you need to be interested in some particular sports. On Livetipster, we provide live betting tips on football, basketball, tennis and currently preparing for an expansion on UK horse racing.

Choosing your favorite leagues

A large part of choosing a sport to bet on is choosing which league you like. One great way to do this is by looking at the data and/or rankings. But you don’t have to limit yourself to the English Premier League. We usually bet on European competitions and also matches around the whole world. Depending on the bet type, we have several favourites including the Championship for Both Teams To Score tips. If you select the divisions you are more interested, then you’ll be down to betting individual teams, but you’ll also be down to betting only one team per team. In basketball we have mainly tips from the Euroleague and the NBA: We are in Europe and love the Euro League while the NBA is still… the NBA, and betting on it means betting on the league itself. For example, you could bet on the Lakers vs Boston Celtics during the game.

Open an account with bet365 today (T&Cs apply)

Choosing your favorite teams

It’s important to understand that no single team is going to dominate the sports world. To be a great sports bettor, you need to choose a good mix of teams that you believe have a realistic chance of winning the big games. We also follow a selection of some of the best-known teams in the world.

Live Betting: Why is it better than traditional betting?

Live Betting lets you buy the odds at any time of a sporting event. Especially when it is combined with live coverage, you can build an opinion of how a game can develop in the next few minutes.

There is a constant update of the odds, implemented by both software and humans, called odds compilers or just sport traders assigned from the bookmakers to different events according with their importance. So, there is a human behaviour in the odds you are offered, so there could be a mistake that you can take advantage of in a few cases.

By reading a team’s or a player’s stats, you can determine whether there is value in the odds or not. This might take a bit of experience, but you can get there before you lose a fortune trying to find out what works and what doesn’t. If you are a person who meticulously study the statistics and make informed decisions, then you are ready for Live Betting.

Live Betting also gives you the chance to do some kind of hedging. To put it simply, you can cover yourself up by betting on the opposite from what you did earlier. Say you have a bet on Liverpool to beat Man Utd at the odds of 2.50 (3/2 in UK) and Liverpool goes 1-0 up. But, you know already, or you can see in the game that they have lost the momentum and defend for the result and at the same time United looks like they are going to score. Live Betting gives you so many different options to cover your bet. You could bet on ‘next goal Man Utd’ or ‘Man Utd DNB’ (Draw No Bet), or a hell lot of other options. But be sure to keep it simple unless you dreamt of what is going to happen in the game you’re watching.

To mention one more advantage (and definitely not the last in the list), with live betting there is no longer a cut-off for when bets have to be placed. If you did not manage to bet on a match in time, you will find it in the In-Play section of your bookmaker. Probably with changed odds while the game is being played.

Live Bet notificationsTo get the Live Bet Alerts from LIVE TIPSTER you need to subscribe and allow notifications from our website when you load or reload this page. If you think it is just one more annoying notification service and pressed ‘No’ already, then click on the icon on the bottom left of this page.

Live Betting: How does it work?

All bookmakers provide a special tab/section dedicated to Live Betting where you can select the sport and specific event of your interest. In this window, with or without live streaming on, you will see all bets available for that specific event. When Live Betting appeared about 7 years ago, you could only bet on the winner of the match, the number of goals or the ‘next goal’ at most. Nowadays, if you are not focused on what you are looking for you can be easily distracted by numerous options and any type of odds.

Live Betting Strategies – Do they actually exist?

Yes, they do. As the traditional betting strategies work too. But it needs time, time, patience, focus and good capital management.

We follow many different strategies that we will list gradually in specific posts in the relevant category.

Live Betting: Where to bet live?

We love the user interface and the simplicity of bet365 that is undoubtedly the best in In-Play betting. They have hundreds of games with live streaming daily and even more available for live betting. It was one of the first betting companies to take Live Betting to the next level, providing some great product innovations.

Open an account with bet365 today (T&Cs apply)

Live Betting tips on LiveTipster

LiveTipster has started as a web site to provide live betting predictions and strategies. To be 100% honest, during the procedure and constant development, we have come up with some serious strategies that refer to ante (or pre) betting. An example is the implementation of the ‘Noughts and Crosses’ game in football and horses betting. Another one is the use of the Fibonacci Sequence to build an alternative that could secure more profits when you come from one or more lost bets. And as you can see in our tips pages, it works perfectly in specific sports or tournaments.

Conclusion

I hope this article will help you to start betting on sports for the first time. In this article, I’ve talked about: How to identify an upcoming event and select the most likely winners. Choosing the correct betting odds and how to set up a sportsbook account. You can now go ahead and start betting on sports. Remember, gamble responsively. Betting is all about having fun!

Live betting during any sporting event and watching the odds change as it progresses is an exhilarating experience. It is actually very hard to argue that live betting (or in-play betting) has been one of the most exciting developments for the betting industry in recent years.

Not only for the bookmakers who obviously love this type of engagement, keeping the customers in their web or mobile sites for longer than they used to manage before. But also for the bettors, who can watch a match live and have a better understanding of what could happen next.

Live betting is for our web site exactly what would be a cooking recipe for a food blog. We try to provide different strategies for live betting to our visitors and are willing to learn anything new by experimenting in the current betting environment. In other words, we try to tell you what would work better in relevance with the current trends in the industry.

View also our guide on Expected Goals (xG).