Common Sports Betting Mistakes

We often see sports bettors making the same mistakes time after time. That inspired us to
create this rundown of the most common sports betting errors for you to avoid:

Sticking to One Sports Betting Site

You are doomed to fail if you stick to just one sports betting site. You should always shop
around for your odds and claim the best price available on a game you want to bet on, thus
maximizing your potential profit.

We recommend signing up for accounts with multiple sites in your region. That means you will
always be able to claim the best odds on the market, and you will also have access to a very
broad array of betting options on each game, and you will gain multiple bonuses too.

Falling for Scam Sites

There are lots of dishonest, untrustworthy, unlicensed sports betting sites out there. They reel
you in with large bonuses and promises of great odds, but they will not pay you out if you win.

Lots of sites withhold customers’ funds for spurious reasons, void winning bets and stonewall
you when you demand payment.

It is therefore vital that you stick to safe, secure, licensed sports betting sites that have
demonstrated a long-term commitment to treating customers fairly and paying out on time and
in full.

If you are tempted to sign up for an account with a small, niche bookmaker, read unbiased
reviews of the site to check it is trustworthy.

Neglecting Bankroll Management

Many bettors end up in trouble by failing to conduct sensible bankroll management. It is
important to set aside a pot of money that you can afford to lose and then manage it prudently.

Select a percentage of your bankroll – 1% if you are feeling cautious, 5% if you are being more
aggressive – as the amount you place on each bet. Do not veer from that figure.

We see a lot of punters betting different sums of money on every game, without considering
the impact it will have on their long-term chances of success. You can avoid falling into this
trap by following our bankroll management guide.

Sticking to One Bet Type

Lots of bettors stick to the most obvious bet type. For example, they only bet on the result of a
soccer match, or they stick to the official point spread on an NFL game.

If you only bet on the first option available to you, it means you are missing out on a wealth of
opportunities to earn extra value.

For example, instead of betting on AC Milan to win a game, you could bet on AC Milan to win
to nil, Milan to win and under 4.5 goals, or Milan to win half-time / full-time. Or you could
avoid betting on the result entirely and bet on both teams to score or over 2.5 goals.

You should gain a thorough grasp of what every available betting option entails, and then
consider which option offers you the most value on a particular game after conducting a
thorough analysis of both teams.

Betting on Too Many Sports

It is hard enough to master one or two sports, let alone 10. However, we see some people
betting on football, basketball, tennis, horse racing, water polo, Aussie Rules, and any other
sport that happens to be on.

Your chances of long-term success are very low if you are blindly betting on sports you do not
understand.

One interesting way to get around this issue is to find professional handicappers on different
sports and follow their picks. You can then benefit from a wealth of expertise rather than
relying on your own intuition.

Betting When Drunk, Angry or Chasing Losses

You should always be clear-headed and rational when you make wagering decisions. If your
judgement is clouded, you are likely to struggle. Try not to bet when you are angry, drunk or
chasing losses. Come back to it the following day, when you are lucid, sober and thinking
clearly, and you will stand a much better chance of success.

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