Live Betting to Win More Super Bowl Bets

Live betting is the latest craze to take over the sports betting world. Not only can you bet prior to sporting events taking place, you can place bets while those events are happening. Yes, you can bet on Super Bowl LIX after the ball has been kicked off and throughout the entire game.

Betting on live sports has really taken off over the last few years. With the rise in the number of online sportsbooks, competition has forced these providers to advance their technology. One of the results of that technology push is live betting. Sportsbooks can offer live lines and odds on a wide variety of bets. 

Bettors can take advantage of live markets to win more Super Bowl LIX bets. It all starts with a better understanding of live betting. If you have never placed a live bet, follow along to see how you can win more Super Bowl bets.

Understanding Live Betting

It’s not all that hard to figure out. Live betting is exactly what it sounds like. Bettors place bets while a game is happening in real time. Once a game has started, sportsbooks will offer live betting options. Years ago, this was not possible. You placed a wager on Team A -3 and that was it. 

What if Team A fell behind by 10 points early on after their star player gets knocked out of the game? Live betting would provide you with some live betting options to help you hedge your pre-game bets. So, how does it all work?

The Value of Live Bets

Think about how oddsmakers at the various sportsbooks determine odds for games. In this case, think about how the opening lines and odds were set for Super Bowl LIX. Oddsmakers had plenty of time (and computer power) to spend in developing the opening line for Sunday’s game between Kansas City and Philadelphia.

Now, once the game kicks off, sportsbooks no longer have time on their side. Odds and lines must be updated continuously. That means more chances for a sportsbook to make an error. If you know anything about betting second-half lines in NFL games, you get the idea. Oddsmakers have approximately 13 minutes to set and/or correct second-half betting lines after the first half is completed. That’s not a lot of time.

Sportsbooks are getting better at live betting, but there are still errors made when setting live betting lines. That works to the bettor’s benefit and that’s why there is value in betting during a game.

Choose the Right Sportsbook

If you haven’t already, make sure you have a sportsbook that has a quality live betting platform. Placing live bets should be quick and easy. You shouldn’t have to wait for your online sportsbook to load. There should not be long delays when navigating from page to page.

A poor user interface will cost you money. If you are using a sportsbook app or even using the sportsbook through a browser on your iPhone or other device, make sure it’s up to speed. If it’s too slow, you’ll lose out on wager at the best number possible.

Live betting lines change constantly. Therefore, you have to have a sportsbook or sportsbook app with a reliable, fast user interface. It’s one of the keys to winning more Super Bowl live bets. 

With lines and odds constantly shifting, you need a user interface that is fast and reliable. If it isn’t, find another sportsbook to live bet and win more Super Bowl bets. As mentioned, if you haven’t already, check and make sure your sportsbook (or sportsbooks) have solid live betting platforms. The top four sportsbooks on this list offer live betting

Hedge Your Super Bowl Bets

We mentioned a situation earlier where a bettor places a pre-game bet and then things go awry. Using live bets is one way to “fix” a bad pre-game bet. It makes great sense to search for hedging opportunities while watching the Super Bowl (or any game). Let’s look at an example.

A great example is when a bettor has placed a futures bet on one of the Super Bowl teams. Let’s say you locked in on the Chiefs at +600 to win the Super Bowl early in the 2024 season. Maybe at some point in the third quarter you see that the Eagles are up 24-10 in Super Bowl LIX. It looks like your futures bet is going to be a loser.

To hedge that bet, you place a live bet on the Eagles to cover the spread. Depending on the numbers, you might come out ahead, even, or at the very least, you minimize your losses. That’s the power of using live bets as a hedging tool.

Plan for Success

If you are going to live bet on the Super Bowl, you must – repeat, MUST – watch the game. If you are not going to watch, do not place a live bet. Knowing that you are going to watch the game, you can plan ahead. You might choose certain bets during the game when odds reach a certain point. 

If you make a number of pre-game bets, you can plan ahead to hedge those bets should something go wrong. Create your plan early so that you know going into the game which live bets to make. 

Don’t Bet Against Yourself

Betting against yourself is one of the worst things you can do in any type of sports betting. The only time you will do so is when you are purposely hedging a bet. Again, if you plan ahead, you’ll know which live bets to stay away from regardless of how attractive they may appear at the time. Make sure you have a list of your pregame Super Bowl bets.

Keep track of your pre-game bets so that you avoid betting against yourself. The last thing you want to do is place a live bet only to find out you bet the opposite before the game. Even if you break even, you lose out on profits that you could have won. 

Don’t Chase Bad Bets

This applies to all sports betting. Don’t attempt to make up for a bad pre-game bet by going all-in on a live bet. Some bettors that lose a bet will try to make up for that loss with another all-in bet. Then, the death spiral begins, especially when you are betting live.

Only place a live bet if you believe you have discovered good value. That’s true for any bet. Don’t place a live wager just for the sake of making up for a previous loss. If you want to win more Super Bowl bets, live or otherwise, look for the value. If you don’t find any, then don’t place any bets and wait for next season to roll around.

Don’t Place Too Many Live Bets

Just because there are thousands of live bets available doesn’t mean that you should take advantage of as many as possible. How many live Super Bowl bets should you make? The answer to that question, like any bet,  is really all about value. 

If you find six live bets with strong value, then you could effectively make six live bets during the Super Bowl. Some bettors may find only one and, as mentioned earlier, if a bettor doesn’t find any value in live Super Bowl bets, then he doesn’t place any. 

If you have done the planning and research, you will know when to pull the trigger on a live Super Bowl bet. Remember, there is no such thing as a sure thing. There is always risk involved. Place your live Super Bowl LIX bets wisely and responsibly!