Live betting techniques
How many times have you lost a bet in the last minutes of a game that has sent you from heaven to hell? With live betting techniques this won’t happen again!
With the introduction of the betting exchange market, the players can sell their bets even before the final whistle from the referee in order to make sure that they will end up with winnings whatever the final outcome of the game. What follows, is an explanation of the main live betting techniques.
Betting amount covered
In the following examples we will show how we need to move in order to cover the money that we have bet in a game before the end of the game;
Example 1- selling an odd (lay)
We have the game between Team A and Team B and we bet (back) 100 euros before the start of the game for Team A to win the game at an odd of 2.00
It is the 70th minute of the game and Team A is winning and its odds to be the final winner of the game drops to 1.30.
We then sell our bet for Team A to win the game using the same amount for the bet we placed before the beginning of the game (100 euros). In case we lost this bet we would have to pay 100*1.30=30 euros.
We are therefore left with 2 possible outcomes: if team A wins we win 70 euros, if the game ends up in a draw or Team B wins we lose and win nothing. But if we didn’t cover our initial bet with our second bet, we would win 100 euros in the case of Team winning the game but we would lose 100 euros if Team A didn’t win the game.
Example Two- buying an odd (back)
We have the game between Team A and Team B and we sell (lay) 100 euros before the start of the game for Team A to win the game at an odd of 1.25 (meaning we will need to pay 25 euros in case Team wins the game).
It is the 75th minute of the game the game is a draw and the odd for Team A to be the final winner of the game rises to 2.00. We then buy the win for Team A to win the game with such an amount which will make sure that in the case of Team A winning the game we will not lose any money; in this example the amount is 25 euros and the general equation is as follows:
Cover=amount we will need to pay/odd-1 where
Cover=the amount we bet Amount to be paid=the amount of money we will need to pay for the bet that we sold before the beginning of the game Odd=the odd that Team has in the live bet market to win the game
We therefore have the following possible outcomes: in the case of Team A winning the game, we will not win or lose any money; but in the case of Team A NOT winning the game we will end up with 75 euros profit. If we didn’t use the live bet we would definitely lose 25 euros in the case of Team A winning the game and win 100 euros in the case of Team A NOT winning the game.
This way of betting is used in games where we believe that one of the two teams is the favourite to win the game, however its effort to do so will not be that easy as in clear favourite/outsider situations. In other words, we sell the odd for this team to win the game and we buy its odd, through live bet, when it rises. Our winnings will ofcourse be more if the outsider of the game takes the lead in the game because we will buy the odd for the favourite to win the game at an even higher odd.
Betting ‘negligence’
Here we will see how we need to move in order to make sure that we will end up with the same amount of winnings whatever the outcome of the game; simply put, just being indifferent to its final outcome.
Example 1- selling an odd (lay)
We have the game between Team A and Team B and we bet (back) 100 euros before the start of the game for Team A to win the game at an odd of 2.00
It is the 75th minute of the game Team A leads with 1-0 and the odd for Team A to be the final winner of the game drops to 1.30
We then sell (lay) the odd for Team A to win the game using the following equation:
Lay stake=(odd before the game/odd during the game) * initial betting amount; we therefore have the following possible outcomes
1.If Team A wins the game we win 200 euros from our initial bet (2.00*100 euros) and we deduct 100 euros from the initial amount we used for betting before the start of the game and 45.9 (the amount created from the live bet); we therefore end up with 54 euros profit.
2.If the game ends up in a draw of if Team B wins the game, we lose 100 euros from the initial amount and win 154 from the live bet; again, we end up with 54 euros profit.
Whatever the outcome of the game we end up winning 54 euros; if we didn’t use the live bet tool, we would win 100 euros if Team A was the winner but lose 100 euros if the game ended up in a draw or with Team B winning it.
Example 2- buying an odd (back) We have the game between Team A and Team B and we sell (lay) 100 euros before the start of the game for Team A to win the game at an odd of 1.25 (and thus having to pay 25 euros in case Team A wins the game)
It is the 75th minute of the game the score is 0-0 and the odd for Team A to be the final winner of the game rises to 2.00
We then buy (back) the odd for Team A to win the game with an amount equal to the initial betting amount (100 euros) plus the amount we would need to pay (25 euros) in case Team A wins the game based on the bet before the start of the game.
In other words, 100+25/2.00-62.5 euros of bet at an odd of 2.00 for Team A to win the game based on the equation: betting amount (back stake)=lay amount+amount to be paid in case Team A wins the game/live odd on the 75th minute of the game for Team A to win the game. We therefore have the following possible outcomes:
a. If Team A wins the game we lose 25 euros from the initial betting amount before the start of the game and we win 65.25 euros through the live bet an at odd of 2.00 for Team A to win the game while the score is 0-0 on the 75th minute of the game; this means that the profit is 125-25-62.5=37.5 euros
b. If the game ends in a draw or if Team B wins the game, we win 100 euros from the initial bet before the start of the game and we lose 62.5 euros from the live bet; again, the profit is 100-62.5=37.5 euros
With the use of the live bet odd on the 75th minute of the game, whatever the outcome is we will end up with 37.5 euros profit. If we wouldn’t use the live bet option we would lose 25 euros in case Team A won the game and win 100 euros for the draw and Team B’s win
Betting ‘negligence’
Here we will see how we need to move in order to make sure that we will end up with the same amount of winnings whatever the outcome of the game; simply put, just being indifferent to its final outcome.
Example 1- selling an odd (lay)
We have the game between Team A and Team B and we bet (back) 100 euros before the start of the game for Team A to win the game at an odd of 2.00
It is the 75th minute of the game Team A leads with 1-0 and the odd for Team A to be the final winner of the game drops to 1.30
We then sell (lay) the odd for Team A to win the game using the following equation:
Lay stake=(odd before the game/odd during the game) * initial betting amount; we therefore have the following possible outcomes
1.If Team A wins the game we win 200 euros from our initial bet (2.00*100 euros) and we deduct 100 euros from the initial amount we used for betting before the start of the game and 45.9 (the amount created from the live bet); we therefore end up with 54 euros profit.
2.If the game ends up in a draw of if Team B wins the game, we lose 100 euros from the initial amount and win 154 from the live bet; again, we end up with 54 euros profit.
Whatever the outcome of the game we end up winning 54 euros; if we didn’t use the live bet tool, we would win 100 euros if Team A was the winner but lose 100 euros if the game ended up in a draw or with Team B winning it.
Example 2- buying an odd (back) We have the game between Team A and Team B and we sell (lay) 100 euros before the start of the game for Team A to win the game at an odd of 1.25 (and thus having to pay 25 euros in case Team A wins the game)
It is the 75th minute of the game the score is 0-0 and the odd for Team A to be the final winner of the game rises to 2.00
We then buy (back) the odd for Team A to win the game with an amount equal to the initial betting amount (100 euros) plus the amount we would need to pay (25 euros) in case Team A wins the game based on the bet before the start of the game.
In other words, 100+25/2.00-62.5 euros of bet at an odd of 2.00 for Team A to win the game based on the equation: betting amount (back stake)=lay amount+amount to be paid in case Team A wins the game/live odd on the 75th minute of the game for Team A to win the game. We therefore have the following possible outcomes:
a. If Team A wins the game we lose 25 euros from the initial betting amount before the start of the game and we win 65.25 euros through the live bet an at odd of 2.00 for Team A to win the game while the score is 0-0 on the 75th minute of the game; this means that the profit is 125-25-62.5=37.5 euros
b. If the game ends in a draw or if Team B wins the game, we win 100 euros from the initial bet before the start of the game and we lose 62.5 euros from the live bet; again, the profit is 100-62.5=37.5 euros
With the use of the live bet odd on the 75th minute of the game, whatever the outcome is we will end up with 37.5 euros profit. If we wouldn’t use the live bet option we would lose 25 euros in case Team A won the game and win 100 euros for the draw and Team B’s win
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