17 Common Sports Betting Mistakes And How To Avoid Them (Sports Betting Tips And Strategies)
In sports betting, most people try their utmost to make the perfect bet. However, betting is a game of chance and errors are bound to happen. Here is a list of the most common sports betting mistakes that people make, as well as suggestions on how these can be avoided.
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Here are some common mistakes that sports bettors make.
1. Having Unrealistic Expectations
2. Betting Too Much
3. Neglecting Bankroll Management
4. Chasing Losses
5. Blaming Luck
6. Not Learning Basic Strategies
7. Betting Every Game
8. Being Short-Sighted
9. Betting Blind
10.Not Shopping Lines/Odds
11.Ignoring Match Betting
12.BUI “Betting Under the Influence”
13.Betting On Your Favorite Team
14.Not Keeping Basic Records
15.Not Cashing Out
16. Betting on Credit.
17.Not Balancing Sports Betting With Other Activities
Even though we covered 17 common sports betting mistakes in this video, we cannot cover all the mistakes that people make out there. So even if you follow our advice to the T, it’s likely that you’ll still make a few other mistakes.
We all make betting mistakes, however, making too many avoidable mistakes will certainly diminish your bankroll.
We shared all these negatives with you in the hope that it will save you from making these common sports betting mistakes.
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How To Win At Sports Betting: Zcode Sports Investing Bible (Sports Betting Strategies That Work)
The Sports Investing Bible takes the gambling out of sports betting by explaining verifiable winning systems that really work.
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What is Esports?
Esports is the collective term used to describe competitive gaming at a professional level, with the top esports players often being the very best in the world at their respective game.
In other words, esports are video games that are played in a highly organized competitive environment. They are watched by fans via internet platforms or at special organized events or venues.
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You can think of esports as competitive video gaming where skill and professionalism is celebrated. The pro gamers who play at this level know the games inside out, much like a professional footballer or athlete would in their respective fields.
For some people, this might sound crazy, but esports is actually a viable industry with lots of chances to get famous and actually earn a living.
Matches can be viewed by spectators at a live physical event at esports arenas or over the internet via streaming platforms such as Twitch, which broadcast the games in real time online.
The esports players are contracted to play for a variety of different organisations, much like a football or basketball player would be. These esports teams practice and compete on their respective game just as a footballer or other sportsperson would too. Players also earn money from sponsorships, endorsements and league salaries. Professional esports players are typically sponsored by companies affiliated with video games, including game developers and game-controller manufacturers, and the players compete for multimillion-dollar prizes.
The future of esports looks bright.
This industry is expanding every year. Tournaments are becoming bigger and bigger, teams are gaining more and more fans and players are growing into millionaires. Countries are starting to recognize esports as real sports.
Also, an increasing number of the major sports betting sites now offer esports betting alongside traditional sports betting. Esports betting is now possible.
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10 Most Common Sports Betting Mistakes (Sports Betting Mistakes To Avoid In Order To Make Profits)
10 Most Common Sports Betting Mistakes (Sports Betting Mistakes To Avoid In Order To Make Profits)
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Here are some common mistakes that sports bettors make.
1. Having Unrealistic Expectations
The vast majority of people will lose more money than they make with sports betting. Yet so many people go into this believing they’ll be the one to break the jinx. Keep in mind that even the most experienced sports bettors are only looking to win about 55% of their picks against the spread and feel really good about that. So if you’re planning on spending more time on sports betting, then keep your hype in check and you’ll have a clearer mind to make better decisions.
2. Betting Too Much
If you try to use sports betting as a get rich quick scheme, you’re overwhelmingly more likely to find yourself losing everything quickly. With that said, do not put more money into your bankroll than you are both willing and financially comfortable losing.
If you’re diligent and disciplined you can indeed make some money with your wagers, but it’s not something that happens overnight.
3. Neglecting Bankroll Management
This could very well be one of the most important errors to avoid. Even the best of sports forecasters can end up losing a lot of money if they do not keep track of how they’re wagering from one bet to another. You must remain disciplined at all times.
You must always have a clear staking plan in mind.
4. Chasing Losses
Chasing losses will likely happen to anyone at some point in their sports betting history, but avoiding it as much as possible will save you plenty of heartaches. You must simply admit you've lost and keep your cool. You don’t have to immediately find a match to chase your losses and by all means, you must not place a bet on a match you would pass under normal circumstances. In high-tension moments, like losing a match due to a late goal or a wrong referee decision, you're advised to take a break and calm down.
5. Blaming Luck
Luck indeed has its role in sports betting. Every now and then, something extremely unlikely is going to happen that may cause you to win or lose a wager. However, it is part of our natural bias to explain away responsibility for negative results. Blaming luck for your losing picks and taking full credit for your winning picks, creates a feedback loop that prevents you from evolving into a seasoned sports bettor. It’s important to look at your losing bets and figure out what went wrong and if there was something you missed when analyzing that particular game. Additionally, by tracking your wins and losses you can go back and see if there are any particular negative trends you can correct.
6. Betting Every Game
Some people may get the idea of betting on every game to reduce variance. They may believe that they’re good enough to win 55% of picks against the spread and by doing so they’ll make plenty of profit. However, this is just not the case. Value is king in sports betting and if you’re betting every game then you’re overlooking which plays are going to be a value.
7.Being Short-Sighted
It’s easy to get caught in the old adage “what have you done for me lately.” This is a dangerous thought process to hold with sports betting though. Good teams have off weeks, so don’t be scared off by a team who has an off week or two, especially if they’ve already proven they are a competitive team for the current year or season.
In any sport, the best teams do not win every game. So do not take one loss or two as a turning point for the worse.
8. Not Shopping Lines/Odds
If you’re not looking through at least a few sportsbooks before placing a wager, then you are literally leaving money at the table. While generally speaking, most sportsbooks will have very similar odds and lines, they do tend to vary. Have at least a few sportsbooks at your disposal and place your wages wherever you can get the best odds or the best line.
9. BUI “Betting Under the Influence”
Betting and alcohol are a bad combination in any circumstance. Why do you think casinos give out free booze at the slots and card tables, they know you’ll make poor decisions with some alcohol in you, and they’ll make way more from you on those bad decisions than they would be having you pay for those drinks.
10. Betting On Your Favourite Team
Betting on your favorite teams or players is one of the biggest traps that some bettors fall into. Unless you can control your feelings when your team is playing then you should eliminate every thought associated with betting on them. Obviously, sometimes your predictions will be confirmed but if you think your club can win every match then you're putting emotions before logic.
There is no room for personal bias or favoritism if you’re serious about making money betting on your favorite sports.
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