If you have been in the gambling scene for a minute, you are well aware of just how exciting and thrilling it can be. With the evolution of this industry, avenues like live betting have now opened up. Now, then the real question is how do you manoeuvre such a niche with ultimate precision?
Well, worry no more. In this article, we will outline some strategies that will reinvigorate your betting. So without further ado, let’s jump straight into it.
Bankroll Management
Your gambling record is surely going to remain bleak if you never understand just how important securing your bankroll is. If you hop on a casino like betway and intend to stretch your playtime, you know that a conservative approach is the best strategy.
Typically, set aside a fixed amount and with what’s left, place calculated risks typically between 1-5% of your bankroll. When playing games like slots, this will ensure you stay in the game long enough.
While there is nothing wrong with having a large risk appetite, just try out the conservative method first before progressing.
Know When to Cash Out or Hedge
One thing most people fail to understand is that knowing when to exit a bet is just as important as knowing when to place it. This is especially true when betting live. See, the game’s factors are constantly changing, and when you cash out at the right time, you could take advantage of a situation before it takes a different turn.
You can take an even more radical approach by hedging. If you aren’t familiar with the term in the betting scope, it simply means that if you had initially bet on Arsenal to win and they are a single goal ahead, but in the last 15 minutes Liverpool begins dominating, then you can place another bet on Liverpool to reduce risk.
Keep a Sharp Eye on the Game
Live betting will often demand that you follow the game keenly since any change could largely impact your betting outcome. If you are following a basketball game between the Celtics and the Grizzlies on Betway, you want to be at par with the actions of the game, from the fouls to the substitutions.
Doing so will not only give you insights into what’s going on in the game but might make watching the sport enjoyable. Who knows, maybe you’ve been missing out!
Leverage Real-Time Data and Analytics
The beauty about living in a technologically advanced era is that most tools are at your disposal. When betting live, you should be able to use the constantly changing data to craft your odds.
For instance, if you have a running bet on Manchester United to beat Atletico Bilbao in the Europa finals, then a key player like Bruno Fernandes gets sent off for a foul, you should quickly adjust your stance. See chances of United surviving as 10 men without their captain are slim to none, so you can hedge on the opponents.
Final Thoughts
Live betting isn’t rocket science, you just have to play within some parameters to be safe. For instance, manage your bankroll, watch the game, and leverage real-time analytics. With that, you’ll be set.
