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11 Mar 2024

Getting started with live betting: How to find better odds and bookmakers

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Are you ready to dive into the electrifying world of live betting? It’s the dynamic facet of sports betting that allows you to engage with the game as it unfolds, offering a thrilling way to be part of the action.

With live betting, the odds fluctuate in real-time, reflecting the drama of the match. This offers a chance to apply your insights and instincts as the game progresses.

But remember, while live betting can be exhilarating, it’s crucial to grasp the fundamentals before you begin.

Whether you are checking out bookmakers for the first time or are a seasoned punter browsing live betting sites, prudence and strategy are your allies. With the wide variety of options offered in the live sports betting industry, you are never short of choices.

In this article, we’ll delve into the ins and outs of live sports betting and, if you’re not sure how to manage your betting money, we’ll give you a quick overview of the benefits of using a Skrill account.

man placing a bet while watching a game on his phone

The essentials of live betting

When you bet on live events, you will be presented with a variety of different betting options.

As you immerse yourself in the game, these options adapt and evolve as the match plays out, tailored to the nature of the sport and the unfolding events.

football, yellow card, referee whistle and trophy

Some common live betting options include:

  • Outright bets: These are bets on which team will win the game.
  • Point spreads: These bets are on whether a team will win by a certain number of points or goals.
  • Over/under bets: These bets are on whether the total number of points/goals scored in a game will be over or under a certain number.
  • Events: These bets are on specific events that may happen during the game, such as who will score the next goal or who will get a yellow card.

Each live betting option offers a distinct perspective with dynamic odds for a fast-paced betting experience.

How to choose the right live betting site for you

Selecting a live betting site involves careful consideration. Keep these points in mind for an enjoyable betting experience:

  • Reputation: Use live betting websites that have a proven track record of being reliable, transparent in their operations, pay out on time, follow consistently fair gaming practices and have good online reviews from their customers.
  • Security: Ensure the site employs SSL encryption to safeguard your data.
  • Odds: Look for competitive odds across various platforms to optimise your potential returns. Having a Skrill wallet can help here, as it’s accepted by multiple bookmakers.
  • Features: Value-added features like live streaming can enrich your betting experience.
  • User interface: A clean, easy-to-navigate website or mobile app is important.
  • Customer support: Reliable customer service in your preferred language is vital for resolving any issues promptly.
  • Payment options: Choose sites that accept diverse payment methods, like Skrill, for flexibility.

Open a Skrill account

How to make the most of your live betting experience

Here are eight more tips before you dive into live betting:

1. Stay informed: Keep abreast of the latest news and updates in the game by checking Skrill’s Sports Corner. Player injuries, team form, weather conditions, and even game locations can all impact the outcome of a sporting event.
2. Start small: Start by placing small bets as you familiarise yourself with the live betting world and learn about effective betting strategies.
3. Set a budget: Decide how much money you ’re willing to spend on live betting each week or month. A Skrill account can help you to keep your betting money separate from your bank balance for better money management .
4. Be patient: Don’t be afraid to wait for the right opportunity to place a bet.

5. Check your internet connection: Things can change fast in live sports, and you need to be able to react quickly to changes in the game and the odds. Having a fast, reliable internet connection will mean you get up-to-date information quickly enough and can react at speed when your position changes.
6. Don’t be afraid to walk away: If you’re not happy with the odds, don’t be afraid to walk away from a bet.
7. Manage your risk: Don’t chase your losses. If you have a losing streak, take a break from live betting.
8. Avoid fanaticism: Practise responsible betting by keeping emotions in check. Let strategy guide you, not the thrill of the moment or team favouritism.

sports fan on their laptop as though deciding how to be strategically

Making deposits and withdrawing winnings in live betting

Live betting requires you to make betting decisions as soon as events occur in the match, be it a try, a set, a three-pointer, a goal, or a red card depending on the sport.

This means the balance on your chosen betting website needs to be topped up ahead of time. However, this can lead to getting carried away, as you might be tempted to use up the credit on your account when betting conditions are not optimal.

sports fan looking at their phone open to the Skrill app splash screen

As mentioned, it’s a good idea to decide how much money you can afford to lose, and not top up your gambling account any further. One handy way to do this is to deposit those funds into a digital wallet such as Skrill and from there send them to the bookmaker.

Using only a digital wallet to fund your account will mean you keep your bank account and digital betting money separate, and don’t go over your limit.

You can also transfer your winnings back to your Skrill account after a win - this will reduce the temptation to use up your balance on the betting website.

Live betting is an exciting, real-time challenge for online betting enthusiasts. As you get started with live sports betting, remember to wager wisely and within your means.

Skrill is your financial teammate, helping you to manage your betting budget by separating the funds from your day-to-day bank balance.

Here’s why making Skrill your payments app could be a good bet:

  • Speed: Skrill’s lightning-fast transfers keep you in the game, ensuring you are just a tap away from your next bet.
  • Acceptance: Many bookmakers accept Skrill, giving you the liberty to choose where you play and find the better odds.
  • Privacy: You only need to enter your Skrill login credentials to pay, so you can bet with peace of mind.
  • Efficiency: A dedicated Skrill wallet means your betting budget is separated from your bank balance, making betting funds easier to manage.
mobile phone open to the Skrill home screen

Getting into live betting sites is just the beginning. The second step is to equip yourself with the Skrill wallet and simplify your payments experience.

Ready to take control and transfer funds seamlessly? Create your Skrill account today.

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