I got a question recently on running (in-game) bets, and whether I use them or have been profitable using them.
Also referred to as live betting, as they take place after the game has started and up until it concludes, I do like them as a method; they provide an opportunity to make some money and place another bet, when you see a gap in the market during a game. However, I will very rarely change a bet that I have made. As a rule, all the bets I make on behalf of my funds I will not change, unless there has been a monumental change in circumstance or condition prior to the match. I will always monitor my bets, but for me, in-game bets should not be seen as a chance to chop and change your initial bets but rather just to potentially add another bet or two, and see a higher return.
I have always maintained, as you can read in my previous columns, that you should be so sure of your research and your own authority when placing a bet, that regardless of whether you win or lose that bet, you are happy in that you placed what you deemed to be the right one. The risk of in-game bets however, is that your initial feeling can be easily swayed when you are over-active as a game plays out. There is ebb and flow in all sports, and it is to be expected, and should be taken into account when placing your initial bet. However, when people are overly involved in the play of the games and don’t fully trust their bet, they tend to panic when the game ebbs or flows in a certain way contradictory to what they expected, and this can often lead to premature or ill-informed changing of a bet or placing of another one to try and arbitrage the initial one.
While my standard procedure is to try monitor without overreacting, I don’t trade in and out and I stay away from a lot of the in-game bets offered that are relative to the flow of the game. For instance, bets like “Who will score next” or “Who will win the next 10 minutes”. These are bets that are there to get you to place on adrenaline and over-involvement and for the most part can’t be determined on previous knowledge. They also encourage one to act on and predict the ebb and flow of a game, rather than simply letting the game ebb and flow (which is at the end of the day what results in the final outcome).
First prize in betting always, is to spot a mistake from the bookies part, and use your own knowledge and research to capitalise on this mistake and place an informed bet beforehand. This bet should stand granted there are no extenuating circumstances (injury pre-match, drastic weather change etc.). I don’t suggest simply placing your bet and leaving it, one should always monitor the bet, but I do caution against being over-active, as it can easily lead to panic betting or greedy betting.
Thanks for your questions so far and keep them coming!