If you made money from live betting MNF, read this...

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So you took the:

 

-Cheif's live plus points. Various lines throughout the game from +3.5 all the way up to +10.5

 

-Live game OVER. Moved gradually from 63 all the way up to 105.5.

 

-Fluctuating Ram's money line.  Anywhere from minus whatever to even +125 in the last minutes of the 4th quarter

 

-Fluctuating Ram's spread.  Anywhere from -2.5 to even +1.5


The majority of them cashed right? moneybag You think you're smarter than the books right? an_razz You're bragging to all all your friends and co-workers about the loads of money you made from tonights game right? an_wink  Live betting just so fuckin easy and it's the "smart" way to bet right?

 

WRONG! You're dead f*ckin wrong.

 

Quoting Jay Kornegay, a respected odds maker and VP of the Superbook and once the odds maker for the Westgate Sportsbook, he tweeted this out on Monday night about the game:

"If this were the Super Bowl, the game went into overtime, and then ended with a safety, I’m not sure we would open the next day. #thisgamehaseverything.”

an_roll_laugh

Here's the article link, it's a pretty comical read about how the books got WRECKED with the live betting on the Cheif's spread and the OVER:

https://www.covers.com/Editorial/Article/7c5c1217-ec94-11e8-a97c-0a73013d6078/Chiefs-and-Rams-give-Vegas-a-night-it-will-never-forget

I highly caution all us bettors about using live betting because the majority of the time, there are very slim oppourtunities, bad lines and you will just be throwing good money after the bad.  Stick to the traditional pre-game and half time sports betting because live betting has HIGHER JUICE and usually worse odds.

Also, if you don't believe me that live betting is the wrong way to go, just try it again this Saturday or Sunday. an_wink It's not as easy as you think it is and Monday night's game was a really RARE gem for live betting.  I just can't wait to see all these people piss back their profits to live betting becasue they think it's easy. an_brickan_burningbag

BOL fellow covers members... peace_5clover

**On a side note, I did take the Cheif's live line of +9.5 ONCE and the Ram's live ml of -140 ONCE.**

 
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Correct    thumbs_up

 
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Eh, it just depends.  There are a bunch of times where you can take a live line when you get a 4Q drive with a team down 2+ scores needing to score to cover the live playing against a soft defense that will allow everything underneath to be completed at +juice, sometimes by a good bit.  These lines are usually off imo and have absolutely made money for me the last few years taking live bets in these situations 
 
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Don't buy it, betting live is absolutely the way to go in certain circumstances.
 
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I haven't bet a game in almost two years

It's been all live betting

And I love it

I went from being an average win some lose some

To having 4 locals take away my live betting privileges.

Now 

I deal with a offshore again

It's not for everyone

But I have written here in the past all the positives for me 

Live betting

 

 
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Live betting is a skill set all its own...

There is a steep learning curve with any process of learning a new skill set...

And if you are not dedicated to learning it...just try it now and then to "see what happens"...you are very likely going to get burned...

Once you do learn it though...it can be a very useful tool in your wagering tool belt...

 
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So any tips to live betting?

 
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Great post. Agreed amigo, live betting is truly 'enter at your own risk' territory and for a number of years, first added significantly to my losses and as I turned losses into profits, cut out of my profits... This is actually very similar to me betting college football or sports I know enough to think I know what I'm doing but have no real edge..... But and a big BUT, there is value in live betting - as you said you often get bad odds; but bad odds on one side are good odds on the other... while live betting WILL NEVER be a tool I leverage to make any material change to my bank roll, I will dabble and tend to do marginally well. I have learned this the hard way, climbing the learning curve... Your +9.5 Chiefs is a case in point - you found value.... Situationalally, there is value to be had but rule of thumb - I assume that books rely on live betting being emotional. If odds seem too good to be true, THEY ARE and if they are not, oh well, we missed one opportunity, so be it...

 
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My only live bet last night was $1k for over 21.5 in the 2nd QUARTER.

I made that bet because the chiefs were on the fucking 1 yard line and the end of the first.

THE ONLY reason I hit that is because there were 2 defensive TDs that literally took zero time off the clock.

That was an extremely lucky cover.

 
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Anyway, the real keys in live betting are this:

There are many games where the score isn't telling the true story, and it's pretty obvious the eventual outcome will be different.

When a line comes out that is based on the score, bet the true story.

Never live bet unless you've been WATCHING THE ENTIRE GAME.

That's it.

 
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Imagine live betting the Saints every week.

Its been fun.

 
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Quote Originally Posted by TheSquare:

So you took the:   -Cheif's live plus points. Various lines throughout the game from +3.5 all the way up to +10.5   -Live game OVER. Moved gradually from 63 all the way up to 105.5.   -Fluctuating Ram's money line.  Anywhere from minus whatever to even +125 in the last minutes of the 4th quarter   -Fluctuating Ram's spread.  Anywhere from -2.5 to even +1.5 The majority of them cashed right?  You think you're smarter than the books right?  You're bragging to all all your friends and co-workers about the loads of money you made from tonights game right?   Live betting just so fuckin easy and it's the "smart" way to bet right?   WRONG! You're dead f*ckin wrong.   Quoting Jay Kornegay, a respected odds maker and VP of the Superbook and once the odds maker for the Westgate Sportsbook, he tweeted this out on Monday night about the game: "If this were the Super Bowl, the game went into overtime, and then ended with a safety, I’m not sure we would open the next day. #thisgamehaseverything.” Here's the article link, it's a pretty comical read about how the books got WRECKED with the live betting on the Cheif's spread and the OVER: https://www.covers.com/Editorial/Article/7c5c1217-ec94-11e8-a97c-0a73013d6078/Chiefs-and-Rams-give-Vegas-a-night-it-will-never-forget I highly caution all us bettors about using live betting because the majority of the time, there are very slim oppourtunities, bad lines and you will just be throwing good money after the bad.  Stick to the traditional pre-game and half time sports betting because live betting has HIGHER JUICE and usually worse odds. Also, if you don't believe me that live betting is the wrong way to go, just try it again this Saturday or Sunday.  It's not as easy as you think it is and Monday night's game was a really RARE gem for live betting.  I just can't wait to see all these people piss back their profits to live betting becasue they think it's easy.  BOL fellow covers members...  **On a side note, I did take the Cheif's live line of +9.5 ONCE and the Ram's live ml of -140 ONCE.**

 

you're right I had wagers placed on Friday and the live bets seemed good but the juice was like -130+ I didn't take any, I wouldve won but this is a game we will never see a repeat go again! ill admit at one point kc was down 10 I took them +255 ML lol 

 
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I disagree.  Live betting is where I make my money, and my win percentage drastically got higher as I learned more about it.

You just have to know what you're doing, and be patient. 

I agree that it is not 'so easy'.  It took me about a year to learn and get a feel for it.  But once you do, you can really find value in the lines (remember, the oddsmakers spend a lot of time in the NFL coming up with sharp lines.  They don't have that luxury live while the game is going on, and lines are posted every 15-30 seconds.  You just need to have a little experience under your belt dealing with line wagers, and you can really find weaknesses.  BUT if a person isn't patient and disciplined, they can easily get hooked on throwing money at a team that's winning at the moment, and get burned on what I call the 'rubberband-effect', when the other team adjusts/settles in/etc.  Also, someone with no discipline can easily go on tilt by throwing good money after bad on a team that's losing, thinking they will make a comeback and it never happens in that particular game.  These were all lessons I learned the hard way in my first season, but I learned valuable lessons (luckily I was betting smaller back then). 
My advice would be to start by betting small, and just test it out. 

Don't get caught up betting every juicy line you see....keep it to a few bets per game at first.
Be patient and disciplined (if you know you're not, then probably a good idea to stay away).
As someone else above mentioned, make sure you watch the whole game.

 

 

 

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