12 Mistakes to Avoid in Sports Betting
Are you new to the world of sports betting? Here are 12 mistakes you shouldn’t make if you want to increase your chances of making money betting on football and other sports!
Are you new to the very promising world of sports betting and want to earn a lot of money? No problems! However, it should be remembered that bets are associated with risk. There are hundreds if not thousands of mistakes that should not be made in this world, otherwise you can lose everything. Here are 12 mistakes to avoid when starting to bet on sports.
Table of Contents
No definition of starting bankroll
Sports betting is not much different from physical or online casinos. You enter a business with a certain amount of money and the determination to make it grow. When you lose, you will want to play more; when you win you want to reach a certain level. The risk is that you can lose everything and be left empty-handed. Therefore, it is a mistake not to set limits and invest your entire salary or income in sports betting.
Carefully! Before you start betting on sports on a weekly or monthly basis, you need to establish a starting capital. Make sure not to exceed it within the specified period. And most importantly, only bet money you can afford to lose!
Betting on unfamiliar sports
You only know football, but today there is no football game, only an NBA basketball game. You are tempted to bet on a sport that you know nothing about: clubs, rules, or how they work. Do not do that! Bet on the sports you know!
When you are new, and especially after losing at high odds, you think it’s safe to bet when the odds are low. Unfortunately, it doesn’t always work out that way. Matches are not mathematics. Remember that there are always surprises in football.
History: In 2019, during the second match between PSG and Manchester United, Parisians were favorites at odds of 1.49 and United at odds of 6.30.
Tip, do not take into account the odds for betting, because what makes a profit is betting on surprises. Analyze all settings to refine your strategy and trust your intuition.
Be dazzled by bookmakers bonuses
Sports betting sites usually offer very interesting bonuses to attract new bettors:
Up to EUR 150 Cash Back;
$200 is offered to your account;
Your first bet is returned;
Up to £120 is offered as free bets if the first bet loses;
These bonuses can be very interesting and should not be missed, especially if you are a beginner. But be careful, the goal is to teach you to start betting big! So take the offered bonus and wear it with pleasure, but above all follow your strategy!
Also, don’t start signing up for all sports betting sites because as a result, you can spend a huge amount of time checking all your accounts. We recommend trusting trusted sites that have been tested and trusted by thousands of customers.
Desire to become a professional bettor
There are many dream sellers on social networks who will tell you that they have villas and nice cars that have won thanks to sports betting. Most of them are liars, or they are incredibly lucky, which happens to one in a million. And those who can really make a living doing this are hard workers. Being a professional tipster is a full time job and very hard to earn a decent living!
Always remember that this is a game and that everything is done so that you lose. Have fun and don’t rely on bets to make money, that’s the worst mistake you can make!
Bets without analysis
Betting without analysis is a mistake that many beginners make. Indeed, sometimes it can be successful, but not always. Losses are often horrendous. Therefore, if you want to increase your chances of winning, it is important to analyze the game. It doesn’t have to be several hours. However, for a good betting method, some research on teams, conditions and stakes is necessary.
Rely on statistics
Many online publications very often publish statistics on the eve of matches. However, it would be a mistake to rely on them when placing a bet. Not because OM haven’t won against PSG in 20 years, they won’t be able to do it this year. The context is different, the goal, the form, the players: everything changes! Statistics should not dictate which team to bet on. You should use them as an object of analysis, but they should not dictate your predictions.
Bet everything on one bet
Beginners think they need to bet big to win big. To do this is to pull the tail of the devil, and it can hurt, hurt a lot … You will soon go bankrupt. Do not bet more than 5-10% of your bankroll, no matter how high the odds and how confident you are. Bet only what you can afford to lose on sports betting sites.
Desire to be distracted
Sports betting is not a smooth or one-way street. There will be days when you can win. However, there will be dark days, and that is where the danger lies. After a bad game, it is tempting to bet again and again to redeem yourself. Was it a bad day? Don’t gamble anymore. Eat, drink water and go to bed. Tomorrow you will become less emotional and calm. Don’t get emotional!
Too many bets
Combination bets are the biggest pitfalls in sports betting. They consist in the fact that several rates are combined into one. The odds are multiplying and the money is huge. Since you want to win a lot, you are tempted to join 3, 4 or even 8-15 matches. But the more you combine, the less chance of winning. Do not do that. You are more likely to lose. If the match is lost, the entire bet falls apart. It is safer to play in singles or in two match combinations.
Blindly follow any advice
There are a lot of tipsters and other pseudo betting experts on the Internet. They are most often found on Twitter, but also on Facebook, Youtube and TikTok. When you are a beginner, you tend to follow everything in order to bet safely and win. Don’t make this mistake!
You should not follow anyone without learning the expert’s activity first. How long has the person been betting? How many follow him? Did he make a profit? These are all the questions you need to answer before following anyone. However, remember that there is no such thing as a win-win bettor.
Lack of capital analysis
Another mistake that many beginners make is not keeping track of their capital. They are focused only on the result. Also, players do not try to analyze their history to understand how they lost or won a match. The problem is that you tend to get excited when you win a bet and want to reinvest in a big win… forgetting that you’ve already lost after all!
As you already know, sports betting is not a calm river. You can’t win every day! For better management, you need to track the history of wins and losses in order to learn from it for successful play in the future. In addition, you need to monitor your capital so that you know when to stop.
Can bet odds change over time?
Yes, sports betting odds can change over time. For example, if a lot of players bet on a team, bookmakers can reduce the odds.
The odds may also change during the match. In live betting, the odds change depending on the events of the match (team goal, player’s red card, possession of the ball, etc.).
Between the time a bet is placed and the time it is confirmed, the odds may change. In this case, the last value will be used!
By what time can I place/cancel a bet?
Some bets must be confirmed before the game starts. Other bets are still accepted throughout the match.
This is the flexibility and one of the advantages of online betting!
You choose the betting formula that suits you best. After selecting a match or multiple matches, make sure you select the correct one.
Once you have clicked Continue, confirm, cancel the bet (or change it) is no longer possible.
Can I bet during a match?
Yes, you can place bets during the match, this is called “Live betting”. Most bookmakers offer live betting.
Bookmakers such as Betwinner even offer a Live TV service to follow the match live. It is an essential tool for making better decisions and placing consistent real-time bets for sports events.