How to identify the best odds with livebettingodds.co.uk
Sports events can be unpredictable, which is what makes live betting so exciting! However, this doesn’t mean that you will not be able to improve your chances of winning your bets. On this page, we’ll be having a look at how to identify the best value odds during in-play betting, to help you succeed at the game!
Betting tips by Live Betting Odds
To help you embark on a rewarding betting journey, here at livebettingodds.co.uk we’ve prepared a few tips for you to consider when placing your bets.
Back the underdogs: these usually come with the best odds. At most online sportsbooks, if you stake a small amount on the underdog, you will earn more money if it wins than if you wager a bigger amount on the favourite. Of course, there will be plenty of times when the underdog will not win so make sure you look for good value odds and to back a team that isn’t at such a great disadvantage.
Choose to bet on events with well-matched opponents: The odds on teams or players of similar abilities will be quite good, since the probability of one of them winning will be almost the same as that of the other. Sportsbooks will therefore be unable to adjust the odds to give them an edge so you might end up winning bigger amounts if your team wins!
Bet on sports you’re familiar with: if you understand the rules of the game well and are familiar with the team or players, you are more likely to succeed with your betting. In live betting especially, your knowledge will help you to identify shifts in momentum.
Shop around for the best live betting odds: Odds at different online sportsbooks will normally vary, and although differences are normally small, these can end up being quite significant for you in the long run. What’s more, there’s always a chance that a sportsbook will make a mistake or will not identify a momentum swing before you do!
Identify value in live betting odds: you can do this by evaluating the probability of possible outcomes, then comparing them to the ‘implied probabilities’ of the odds on offer. This means the probability reflected by the odds, which is expressed as a percentage. In the case of decimal odds, converting the odds into the implied probability is done as follows:
(1/decimal odds)* 100.
So if the odds of Man United winning are 1.20, the implied probability would be as follows:
(1/1.20)* 100 = 83.33%.
Now let’s imagine that as they play you notice that one particular player isn’t performing so well, and you think that Man United have less chance of winning the match than these odds suggest. In this case, the odds might be in your favour and it might be better for you to back the underdog before the sportsbook operators notice this factor, since better odds will be offered for the underdog, and the value will be higher given the fact that Man United has a lesser chance of winning than initially predicted.
Live Betting Odds UK: the best time to start betting online
With so many online sportsbooks operating nowadays, there is a lot of potential for securing significant wins if you take advantage of the slight differences in live betting odds. So don’t lose time; start betting today by registering with a couple of online betting sites we recommend here on this page and make sure you take advantage of their bonuses to stretch your bankroll even further!
