COMMON MISTAKES IN LIVE BETTING
Apart from the common mistakes in betting, we need to use a different "topic" for live betting because it's a very complex category and it includes some specific rules that need to be applied in order to avoid the major mistakes.
We can start by saying that a bettor who places only live bets doesn't want to wait too long for a bet to be settled and he basically follows a quick profit, therefore he is exposed the most to mistakes (compared to other bettors who mostly place pre-match bets).
A bettor who wants to make a quick profit won't spend too much time analyzing and selecting sporting events to bet on, so in most cases he will choose events by comparing the odds (odds with more chances of winning from his point of view). This is one major mistake because if an event has low odds it doesn't necessarily mean that it has bigger chances of winning - especially in live betting where odds can go up and down in just a couple of minutes. For example, in a tennis match, a break on the opponent's serve can completely change the set winning odds: 2.50 odds can go down to 1.30 in 1 minute, but it can also go back if the opponent breaks back.
Placing more than one bet at once is also one common mistake. Bettors should only place a bet one at a time and wait for it to be settled before placing another one. This is very important, because based on the previous result - the bettor can easily decide what move to make next (what stake to bet, on what match to bet etc.).
Most bettors place live bets without watching the live events they're betting on and this is another mistake. Live betting should be used to study the evolution of a match, take advantage of some good odds and make a profit. Without watching the match, a bettor can easily be misled and place bets on wrong odds.
One of the biggest mistakes is that bettors try to recover a loss immediately by placing live bets on higher odds. When a bettor loses a certain amount, he can't concentrate anymore and he starts placing chaotic bets - this usually happens until he loses all the bankroll. That's why it's very important to immediately stop betting and make a break after a big loss.
In the end, you should be very careful when it comes to placing live bets because this represents one of the easiest ways of losing money if you don't manage to control yourself and avoid the most common mistakes.
You may also want to read the following:
Common mistakes in betting
Live betting
5 things to check while placing live bets
