When it comes to finding ways to enjoy our spare time and also make some money, sports betting is king. This is seen in the annual revenue that it generates globally, which is over a huge $100bn now and is expected to reach around $150bn by 2024. This illustrates how popular sports betting is with many people across the planet in all different countries.
One form of betting on sports that has really taken off in recent years is online betting. This allows you to sign up with an online bookmaker and then place bets on any sports carried from the comfort of your own home. One thing that punters are always looking out for here though is hacks and tips to get the best odds. This is understandable as better odds mean more money when you win!
But is it possible to use lightning-quick reaction and timing to get better odds?
Keeping up to date with the latest news is key
One way that you could get better odds if you act quickly enough is by using the latest results or stories to your advantage. Whether it is following the guide to cricket at Sportsbet.io or keeping up to date with the latest news in other sports, it can make a real difference. But how is this? In simple terms, you are using information that you picked up from reputable sources to place a bet before the sportsbook online adjusts its odds to factor in said news.
Let’s say that a team playing a football game is initially priced up as rank outsiders at odds of 10/1. If you read breaking news that their opposing team’s star players had picked up injuries in training to keep them out and that their own star defender or striker was back in for the game, then you could quickly place a bet on them to win. If you did this before the bookies reduced the odds on the back of the news, then you would get better odds than if you hadn’t.
Don’t forget about in-play wagers
When it comes to reacting quickly to get better odds from betting online, in-play wagers must be mentioned. This basically sees you betting on games as they are being played out, based on what you see happening. As with the above, the key is to react to something that you think may sway the result or give you betting opportunities in a certain market before the bookies do.
Let’s say that team A scores in the fifth minute in a football game against the run of play. If you quickly place a ‘Yes’ bet on the ‘Both Teams To Score’ market in-play, then you would get in before the bookies brought the odds down and get a better price.
Move fast to get the best odds
As the above shows, it is possible to gain better odds on your bets if you act quickly enough. Acting fast is really the key here as online sportsbooks will update pretty quick themselves. If you can pull it off though, it is possible to get in on better odds and make more money.
Sebastian is sports writer with an interest in the growing relationship between technology and sports.
