I think it's more about going with what you are confident with, and having the resolve to not change your mind just before you hit the ball. I had a pretty solid right footed drive, so I'd just crack it low and hard into the bottom left. That way I didn't have to be particularly accurate to get a good chance of converting it (it didn't have to be tucked JUST inside the post) but the keeper had to:
1. guess the right side
2. know I was going low
3. dive very quickly
4. dive quite far
I know that any time I missed I doubted myself or changed my mind at the last minute and tried something different or fancy. I was not a famous footballer facing an opponent who had studied my stats though - so I doubt this is a strategy that works outside Sunday League :-)
edit: I went back to check Beckham's penalty against Portugal to check my memory wasn't misleading me ... man that was some shootout: https://www.youtube.com/watch?v=WlEUdZgH0gc
- David Beckham kicks his penalty over the crossbar, out of the stadium and into orbit
- Rui Costa kicks his penalty over too, not quite as high
- Nuno Gomes (I think?) does a Panenka
- Ricardo saves a penalty for Portugal without his gloves, then proceeds to take penalty himself ... and scores, winning the game