Alright, the topic is live betting, some of you probably love it, and some of you don't even think about it. I made my first live bet four days ago, and I want to share my thoughts and maybe get some feed back from those of you out there who are having success doing it. I don't expect anyone to disclose their trade secrets, but a little constructive criticism or analysis would be helpful. Here are my bets and some reasoning for the plays...
100 is one unit
10/9 Clem+250>100 WF was clearly better, but they couldn't put the game away, so I jumped on Clemson at a nice price.
WF+150>200 Got it at just the right time, I never saw anything better after this bet.
(W)+200
10/10 Memphis+6.5 220>100 Again, the better team but really bad beat here, if you watched the game you know the coach went for it.
(L)-100
10/10 BOS ov8.5+310>100 To be honest I bought this bet as an insurance to the Memphis bet. Secondly, after Dk's wild first inning I thought the wheel was going to fall off soon.
(L)-100
10/11 OU-6.5+249>100 After OU came out and scored quickly and UT only got a field goal to answer, then after the next series the best price was +270, it never got higher than that for the rest of the game. After UT took the lead I got OU+249 thinking I could get some plus $ when OU regain the lead. It never happened.
(L)-100
10/11 LSU+6.5 +305>100 Sometimes you don't want to see what's in front of you. And I clearly remember saying to myself LSU will get back into this game.
(L)-100
10/11 BOS+300>100 Hey, if anybody can stage a come back these guys can. And I was absolutely giddy when they belted out one homer after another.
TAM-118>230 Again, another insurance bet after Rays answered and chased Beckett.
(W)+0.95
10/12 BAL+3.5 +560>100 Again, I refused to see what was in front of me. I kept saying to myself the D will show up and Flacco will get into a groove.The only groove I saw was the price sky rocketing...+760 +850 +1000 +2000
(L)-100
10/12 DAL-4.5 +550>100 I got this bet in after Cards went ahead by a touch down 21-14. I was anticipating the boys to answer and buy some Cards back around -125 or maybe even plus money. Looking back I regret not getting the same +500 when the 2nd touchdown by Cards was under review. During the review +500 was still on the board but I said to myself what if the score stands? Cards+150 after DAL took the lead. I badly miss played.
(L)-100
10/12 PHI+1050>100 Moyer promptly rocked and I saw the dollar sign, again. Disregarding Kuroda's dominance over the Phillies, I reasoned it's still early and anything can happen. Top of the 7th, Kuroda out, Wade in, 2 men on and nobody out, here's my chance! I was ready and willing to accept a small profit and take LAD -350-400, unless of course they hit a grand slam and throw in a few more runs to tie it. Lies, lies, and more lies.
(L)
So here it is, the reality, the truth. If it looks easy, it ain't. When I look back on these plays I see a prevailing trend: I'm a sucker. I always wait until the price is +250 or better thinking it's a lock because I'll have outs later on as the game progress. The other part is I don't have the timing down right. To have success live betting you need perfect timing and nerves of steel. If you second guess yourself for just a few seconds you may never see that opportunity again. The OU/UT and ARI/DAL could have been profitable had I made more savvy decisions. I know, coulda, shoulda, woulda...no excuses, you either get the cash or you don't. And I didn't, this time. I'll try again next week, and I'll bet smaller, until I get a better feel for it and learn how to spot the prime bets. Welcome to the school of hard knocks. I'm a student, and the class is in session.