In this post we will address the ten most frequent mistakes made by a wide majority of sports bettors when trying to identify more winning picks and to maximize profits on their sports wagers. Although some of the mistakes covered here may seem absurd and improbable, in fact they are worryingly prevalent in the sports betting community and need immediate corrective action.
The most frequent sport gambling-specific mistakes are:
1. Neglecting the odds specified in the sport books. If your goal is to become a successful sports bettor and make good money out of this practice, then this is the biggest error you can possible make. In real life, sport gambling is all about weighing your chances of winning against the sports odds, so by ignoring the odds you are practically wagering blindly. Shopping for the best odds in sport books online is imperative not only for seizing bets that win, but also for increasing the amount of cash you can collect with each wager.
2. Being unable to make a realistic assessment of your betting skills. Losing several consecutive wagers doesn't make you the world's worst sports bettor, just like a short-lived winning spree doesn't necessarily mean that you are ready to make the step to professional sport gambling.
3. Not having a properly designed money management plan. Knowing how much to risk is vital for administering your budget in the long run. To minimize risks, follow the advice of the experts and limit your wagers to less than 5% of your total bankroll on single games.
4. Being too lazy to do your research work. Consider this scenario: just because your favorite team did well last season doesn't guarantee that they will achieve the same performance this year. Things change, and you need to guide your wagers on current handicapping information.
5. Ignoring the importance of team motivation. Never limit yourself to the way sports clashes look like on paper. Even when wagering on a very unbalanced match whose outcome may seem clear in the sport books, make sure you also account for subtler factors like motivation and morale.
6. Not logging your bets. To avoid making confusions and losing track of your sports gambling analyses, be well organized and log your bets carefully.
7. Trusting the advice of the wrong people. The only way to make sure that the handicapping information and tips you get are indeed useful and practicable is to turn to the services of a reliable sport books online. Therefore, be very selective about your sources of sport gambling-relevant information.
8. Favoring a rigid, one-fit-all sport gambling strategy irrespective of circumstances. Being a proficient football bettor doesn't ensure a smooth transition to other gambling options like basketball or horse racing, for instance. When exploring new wager opportunities in the sport books, be receptive and flexible, as you may be faced with an entirely different set of variables.
9. Attempting to compensate for a recent loss by making a sizeable wager. In the world of online sport gambling, this is a big no-no. When you lose several wagers in a row, it's probably a sign that you need a break from betting. As tempting as it may be, never wager big in the desperate attempt to break even quickly.
10. Becoming a poker or casino game addict. There is a very fine line between a passionate gambler and a wager junkie, so keep your wits about you and try your best not to go down the slope.
