If you’re looking to win more when it comes to sports betting, then there are a few key mistakes that you need to be sure to avoid. Whether you’re an experienced bettor or just starting out on your journey, these simple errors can prove costly if left unchecked.
To help maximize your chances at success and increase the number of wins in your portfolio, we’ve put together this comprehensive guide outlining all the common mistakes made by inexperienced (and sometimes even seasoned) punters – as well as offering advice on how best to navigate them. With this helpful list of do’s and don’ts under your belt – no matter what level of ability you bring to the table – success is right around the corner!
Just Betting on Sports
If you are a fan of sports betting, chances are you have probably been betting for a while. As such, there might be times when it gets a bit boring or it feels too slow. During these times, you might be tempted to bet more than you normally would to make it exciting or think about not betting altogether.
To avoid this from happening, you should try mixing up your playtime with a bit of online casino gambling. Not only do online casinos offer great bonuses, like the Michigan casino bonuses from the list that Gambla has provided, but betting on a few online casino games could also be just the break you need from sports betting.
Betting on Too Many Sports
The next mistake that you should avoid making, and one that many new sports bettors make, is betting on too many sports. It can be understood that once you begin your sports betting journey, you might get caught up in the excitement of being able to bet on as many sports as you want.
Unfortunately, if you are looking to win more bets, then you should only be betting on a max of three sports at any given time. This is because the more sports you bet on, the more thinly spread your research will be, and the more likely your bets will be unsuccessful.
Not Doing Research
Of all the simple mistakes that you should avoid making when betting on sports, not doing research is probably one of the most important. Research is the backbone of a bet, and the amount that you do is the deciding factor as to whether or not the bet will be successful.
While it is true that sports betting is partially influenced by luck, there are many factors that you can learn about when doing research that will help to reduce the amount of “luck” involved. For example, a star player might be going through personal issues that would influence their performance.
Having Biases
Another mistake that you should avoid has biases. It’s completely normal to have biases as a sports fan, such as having a favorite team, for example, or believing superstitions; it comes with the territory. However, as a sports bettor, you should avoid having these biases.
This is because biases, most of the time, aren’t grounded in reality, and making bets based on biases is a surefire way to lose bets. The only thing that should influence the bets that you make is the research you do before placing them.
Chasing Losses
Not all mistakes that you can make as a sports bettor will be directly related to sports. One such mistake would be chasing losses. Chasing losses basically means to begin betting even larger sums of money to make up for money lost through betting.
Firstly, when you begin chasing losses, you are probably making frantic bets, which means that you are more than likely not doing research. Secondly, these bets you are making to recoup your losses are not going to be successful, so you are only going to end up losing more money.
Not Budgeting
Much like the mistake above, not budgeting when betting on sports is another way that you can quickly run through your bankroll, and more importantly, make bets that are going to be unsuccessful.
One of the benefits of having a budget when betting is that you will be more careful about the bets that you make. An example of a basic budget would be betting between 1-5% of your total bankroll with each bet.
