Punter’s Psychology: How to Handle Your Emotions

Published on: Category: Betting Guide

One of the most important parts of becoming a good gambler is learning how to control your emotions. Having a clear head at all times is vital to ensuring that you focus on the bets at hand.

We’ve put together a few basic tips and observations in order to help you handle your feelings and emotions and get the most out of your betting time:

Stubbornness

A classic human weakness is being stubborn and determined to stick to our guns no matter what – this could be a big issue when it comes to betting. People tend to look for evidence that supports their views and ignore evidence that contradicts it. No matter how strongly you believe in your pick, you should make sure that you are still considering new information that you receive. Successful bettors need to make sure that they are always taking different possibilities into account and should be willing to change their betting strategy if things change. Use data to make informed decisions and not just to support your existing viewpoint.

Happiness

It’s been proven in many studies that being very happy leads to people taking more risks. Being extremely happy is a sort of ‘high’ that could cause you to make snap decisions based on the moment instead of based on facts. Winning a previous bet could lead to a momentary elation that causes you to be overconfident in your next bet and maybe place a bet that you wouldn’t normally have. The solution to this is, of course, not to be unhappy, but rather be cognizant of your mood and make sure that you take a step back and think clearly when it comes to any important betting decisions.

Gambler’s fallacy

This is not so much an emotion, but more of a thought pattern that occurs for many gamblers. Gamblers have a tendency to think that if something happens a lot of times in a row, it is bound to happen again, or the exact opposite, that there is no chance it could happen again. However, despite how many times things happen, it doesn’t change the actual odds of the game. For instance, if Roulette lands on red 10 times in a row, gambler’s fallacy makes people think that it has to land on black at some point, even though the odds haven’t changed at all. Just like with a coin, the odds are 50:50 that it will land on either head or tails. Even if it lands on tails 20 times in a row, it doesn’t change the odds that there is still only a 50:50 chance of it landing on either heads or tails. Similar scenarios can happen with sports betting, so make sure that you don’t fall victim to this train of thought and don’t let it influence your betting decisions.

Anger or fear

Losing bets can elicit the strongest emotions out of bettors, usually, these emotions are either anger or fear. Both of these emotions could influence your future bets and cause you to perhaps place irrational bets, chase losses, or ruin your long term betting strategy. The most successful gamblers use losing bets as opportunities to learn and know to never focus all their attention on only one bet and always have a series of outside bets to ensure their overall profitability.

TAGS ,

You might also like

Fixed Matches

Soccer Fixed Matches? Stay Away!

In the age of technology, people are always trying to make a quick buck, and one of the latest scams going around is "information on fixed soccer matches". There are…
Tips for Football betting success

10 tips for Football betting success

To be successful in football betting it is imperative to have a deep understanding of how the game is played. Recent scores and statistics should be used in conjunction with…
Bookmaker Limitations

Bookmaker Limitations: How to Avoid Them

Every long term or successful gambler has had the unpleasant experience of getting bookmaker limitations set on their account. These restrictions will either restrict or reduce the maximum amount you…
Open a Betting Account Online

How Safe Is It To Open a Betting Account Online

The first thing that springs into anyone's mind when opening a new sports betting account is...how safe is it? In a technological world filled with smart scams and even smarter…

How to Bet on Football Accumulators

Firstly, what exactly is a football accumulator bet? In its most basic form, it's a type of wager where you combine a variety of different football bets into one. For…
Sports Arbitrage

What is arbing? How could I go about doing it?

What is arbing? Arbing, also known as matched betting, sure wins, or miracle bets is the practice of betting opposite outcomes at different bookmakers following calculations that a certain bet…
Choose the best bookmaker

How to choose the best bookmaker

Choosing the best online bookmaker is vital to making sure that you have a great time while sports betting. Here are some things to look out for while you are…