Stop making these common mistakes when it comes to online sports betting
Online sports’ betting is one of the best ways in which people make good profits from their gambling activities. This is especially true when you have a lot of knowledge and information that is relevant to the sport at hand.
Sports’ betting is great for both making money and for entertainment purposes. Watching a game that you have money staked on is a great way to increase the enjoyment of the game, often making it an emotional rollercoaster when it is a tight game and a triumphant one when you are the clear winner.
It also allows you to react in real time to changing conditions and the form of players on a given day by betting in-play. This means that after the game has started, you can assess how a certain team is playing and make new bets off of that information that you have seen.
While some people use complex mathematical equations and strategies when it comes to their sports betting activates, the more tried and tested ways in which to make a consistent profit is to rely on your knowledge of your chosen sports and being able to identify mismatches when it comes to the odds that the bookmaker is offering.,
Here are some of the most common mistakes that sports bettors make and how you can avoid them
Thinking that you will win every bet
While it is important to have a positive mind-set when it comes to sports betting, you need to be confident in your ability to collect and interpret information, you also don’t want to be overly positive.
A person who is always talking about a sure thing inevitably ends up having big loss after big loss, as they are overly confident about their selection and stake too much on it. You need to have bit of a pessimistic side to you when you are betting online.
Even the best sports bettors in the world will not win more than 60% of the time, so don’t expect to win every time yourself. Otherwise you will only be setting yourself up for downfall and disappointment each time a bet doesn’t work out for you in the way that you wanted it to.
Those people who make a full time living are the very best at their craft, as there are not too many who could sustain this sort of lifestyle for a sustained period of time. Identify your breakeven point and work towards gradually improving your profit margin for your bets in a given time period.
Don’t allow your emotions to get the best of you; try to stay calm when you win and positive when you lose. It’s how you deal with the losses that will define how successful you will be when it comes to sports betting.
Failing to stay disciplined when it comes to your bankroll
One of the most important aspects of any form of gambling is to be very strict and disciplined when it comes to your bankroll. Make sure that first of all your bankroll is filled with money that you can afford to lose.
If you are betting with money that you cannot afford to lose, this will often lead you to making decisions based on emotion rather than logic. You will also end up in dire circumstances if you lose the money that you needed to meet your expenses for that month.
When you have your bankroll in place, you need to have a strict system whereby you manage it carefully on a day to day basis. There is no point blowing most of your bankroll on a single bet as if it loses, you will not have much to play with.
You should break your bankroll down as small as possible, looking at a specific amount for each month, week, day and session. You should set up a percentage of your bankroll with which you can touch for betting at any one time, such as 1%. This will stop you from blowing large parts of this bankroll on single bets that do not workout.
Staying disciplined with your bankroll means that you will be much more likely to avoid going on tilt. Usually when a gambler gets on a losing streak, they will start throwing more money at the problem, trying to make up for their losses by having a big win to claw back all of the loses. This inevitably leads them to being further down the hole than when they started losing.
Work with your established bankroll in a consistent manner and you will see a lot more consistency when it comes to the amount of profit you are making.
Don’t be checked out when you are having a gambling session
Whenever you are making your sports bets, you should ensure that you are in the right frame of mind to be made clear headed decisions and choices. You don’t want any external factors to be influencing your decisions and effecting your betting.
One of the biggest culprits for people making silly bets is the consumption of alcohol and betting at the same time. Now that people can bet from the bar stool thanks to their smart phone, this has become an issue that has become even more prevalent in recent years.
Gamblers will be under the influence of drink or other substances and make decisions that they will very likely regret when they have sobered up.
The same goes for when you are in a bad state mentally. Whether you are on tilt or you are simply in a poor mood, it is often a good idea to stay away from betting much, as your decisions will be more based on emotion rather than on logic.
The best thing to do is place your bets before you sit down to have a few drinks. This way you will be able to enjoy the sports and have a few potentially profitable bets on that you have made with the best of your ability and you will not wake up surprised the next day having checked your betting account and seeing what you have done.