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Live Betting Strategies: Discover the Best Strategies for Betting on Live Sports

James Leeland
Senior Editor
Fact checked by: Mike McKean
Publish Date: 09.12.2023

Find The Right Live Betting Strategy

Looking for the right live betting strategy is not the same as finding any other type of strategy, as there are so many other factors involved. To make the process easier, we have put together this short guide.

We’ll go in-depth into those differences so you know what you are looking for and let you know what all the best strategies have in common. Once you have that grounding, the next step is to identify a good live betting site to use, and we’ve got you covered there, too, so you can get started with confidence.

The Best Live Betting Strategies

Here’s a look at some popular live betting strategies that are made possible by the modern betting landscape. These can all be applied to a wide variety of sports although of course there are differences from event to event depending on many factors.

Watch the Action Before Getting Involved

The first step is to get a feel for the game so you can see what all of the relevant factors are and see any momentum shifts. There are other factors to take into account, like changing conditions (important for cricket matches), as these can give you an insight into where you might find a profitable live wager.

Having some patience before placing a bet could prove to be a wise move, especially in sports where you have the time to make an assessment of what is happening. If you have a good “feel” for how matches are progressing and the various twists and turns, you can bet with a lot more information at your fingertips than pre-match.

Trying to Find an Edge

As well as watching the game for key events, there are also the live stats and graphics that accompany each game. These have a wealth of information which the live bettor can use to find that all important edge, like spotting a player with a caution that already has several fouls to their name or a batter who is coming in but out of the normal position they might play.

It’s hard for betting sites to always stay up to date with every event and this could present opportunities for bets to be placed. The bookmaker has to cover hundreds, maybe even thousands of events in a given day, with many markets on each one. As bettors, we only need to identify one that presents a specific angle for betting purposes.

Hedging Your Positions

One of the major advantages of live betting is that you can secure a profit if the odds move in your favour. The events on the field will no doubt move the prices and if this happens to such a degree that you feel it would be wise to reduce liability on your current wagers, or to ensure a level stakes profit on all outcomes, then live betting will allow you to do that.

For example, if you have backed under 2.5 goals in a match at Even money (2.0) and the game is scoreless at halftime, the odds on that same wager would be much bigger, perhaps 3/1 (4.0) or more depending on the situation. Alternatively, backing 1.5 goals would give you a guaranteed winner and a “middle” where if the game landed with exactly two goals, you’d be paid out on both bets.

This is similar to the way cash out works but it may be more profitable to do it manually if there is less house edge involved. It can be beneficial to have access to a number of betting accounts in instances like this so you can compare the odds and take the best option at the time.

What Does Every Best Live Betting Strategy Have in Common?

Of course, the best live betting strategy for you will be one that fits your betting style, so it could involve value betting, match betting, or one of the other well-known techniques. However, another part of finding the right strategy is knowing what makes a good one. There are some factors that all of the best live betting strategies – in fact, betting strategies of any type should have in common, and you should look out for these before getting started:

  • In-depth knowledge of the sport – any strategy worth its salt will be based on a deep understanding of the sport involved, including team strategies, player form, and what influences any dynamic of the game. Soccer betting tips will highlight this need.
  • Good knowledge of the betting markets – as well as having knowledge about the sport, any good strategy should also have a good foundation in understanding the markets involved. This is especially important with in-play betting and how to use them effectively.
  • Based on data – once these factors are in place, you should ensure that any strategy is based on data rather than emotions. This will mean you are less likely to chase losses and walk away at the right time.
  • Bankroll management – the best strategies allow the user to manage their bank carefully so that a few losses do not wipe their entire fund out. Likewise, a good strategy will allow you to build your bets as your bank grows, so the awards you get from a successful period increase exponentially.
  • Uses the latest tech available – with live betting especially, using the tools at your fingertips is vital so any decent strategy will take that into account. It is not just using live streaming or the wealth of information available – but also using bet builders to place parlay bets quickly and strategic use of the cashout button to lock in a win or mitigate a loss.

Finding The Best Live Betting Strategy

The search for the best betting sites and the search for the best live sports betting strategy have a lot in common in that you have to rely on the expertise of others. This can be done by looking at the many reviews online, but you need to know which ones to trust. Many short reviews you will read on major review sites will be based around a single event and not the whole experience, and longer, expert appraisals on sites like this one can give you a more genuine indication of what works.

What To Look Out for In a Good Live Betting Site

Once you have your strategy in place, you need to look at the available live betting sites to see which one is the best for you. There are several factors that can add to your live betting experience; the six we consider essential are set out in a quickfire guide below:

FeatureWhat it involvesWhy it matters
Wagering processA quick, intuitive, and easy-to-navigate site/appMakes it easier to place bets quickly and efficiently
Live streaming and live statistics optionsWatching the action in front of youImproved decision-making as you can pick up things like momentum and body language of players
Odds quality and varietyCompetitive odds and a wide range of betting marketsProvides better value and more betting options.
Fast odds updatesHow quickly odds are updated during live eventsEnsures that you have the most current odds at their fingertips
App availabilityDownload a bookmaker to your phoneEnables betting on the go and provides convenience
In-Play statsSeeing stats as the event progressesLike live streaming, it allows you to make informed decisions based on game performance.

Scouring all of the available sites to look for these features might not fit in with your plans, so instead, you could use the many reviews and ratings elsewhere on this site. You should find the various sportsbooks listed there, from the big names to the new players, and our team of experts has listed all of their best features for you to peruse quickly and easily.

Conclusion – Finding the Best In Play Betting Strategy Just Got Easier

There are plenty of extra factors to consider when looking at a live sports betting strategy, and this guide covers them all. After reading it, you will know the pitfalls to avoid and will be able to use the rest of the knowledge gained from this guide to enter the world of live betting.

What you have learned here will dovetail nicely with the other guides on this site, which also cover betting strategies for other sports, especially soccer. These are available for free and can go a long way to advancing your bettor’s education.

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Live Betting Strategy FAQ

💰 Can you win money with a live sports betting strategy?

While profits are always possible from any betting strategy, they are never guaranteed. The world of betting is inherently unpredictable, so always be wary of any strategy that guarantees success.

💭 Do live betting strategies work with bonus offers?

Live betting strategies vary in many ways from other types because of the fast decision-making that is often required. This should be adaptable to most bonus offers, but always check the T&Cs of the offer to ensure live betting is included.

🤔 Can newbies use an in-play betting strategy?

There are a wide variety of in-play strategies available, and some are more complicated than others. Newbies are likely to be better off avoiding strategies that involve in-depth knowledge until they are more experienced and instead opt for more simple strategies even if the projected returns look lower.

🙋 Are live betting strategies the same as normal betting strategies?

Although live strategies have a lot in common with normal strategies in that they require knowledge, data, and research to be successful, they are different in many ways. The most significant of these is that decisions need to be made much more quickly.

💸 What do you look for in a good live betting strategy?

What is a good betting strategy for one person might not suit another, so it is about picking the right live betting strategies for you. Looking for one that aligns with your betting style and attitude to risk will give you the best chance of sticking to it and getting the best from it.

🔎 What do you look for in a good live betting site?

Picking the right site is important when using live betting strategies because you need to get your bets on quickly. The best live betting sites have an easy betting process, odds that update quickly, and live streaming or stats so you can see how the event is changing in front of you.