Even the most experienced sports bettors can still fall victim to certain mistakes. Here are some of the top sports betting mistakes to avoid:
Not taking advantage of offers/bonuses
Most online betting sites will give you excellent sign up offers as well as continuous bonuses. Staying in the loop with current promotions and offers can help you get bonus cash, better odds and a range of other things to improve your edge.
A parlay, accumulator, or combo bet is a single bet that links together two or more individual bets and is dependent on all of those bets winning concurrently. Unexperienced bettors choose this option often as the benefit of this betting style is that there are much higher payoffs than placing each individual bet separately, but they fail to take into account that this is because the difficulty of hitting all of them is much higher and that if any of the wagers in the parlay lose, the entire parlay loses!
Betting without doing enough research
The most important part of sports betting is research. You will never consistently keep up a winning streak without research, more research and more RESEARCH. When you research a game or match, you are already increasing your own odds of winning by making an informed decision. Leave favouritism and patriotism out of it – make your bets based on solid facts.
Not looking around for the best odds
It’s important to look around on multiple online sports betting sites in order to make sure that you are getting the best odds. You can also make use of odds comparison websites that will show you the odds of different websites all in one place. If you just stay loyal to one sports betting site, you could be losing out by not getting better odds elsewhere.
Betting on too many games at once
Betting on too many different games/matches at once could actually diminish your edge. Although it seems that it is giving you more opportunity to win, you are actually spreading yourself too thin and could accumulate more losses than profits (if any at all). Make sure that you only bet on a finite amount of highly researched games/matches and never use your entire betting bankroll at once.
One of the biggest mistakes that both pro and beginner bettors make is trying to chase their losses. This is commonly known to actually reduce your profits in the long run and lead to even bigger losses. You should never bet on the next match/game purely because you lost the previous bet. Chasing losses is the fastest way to deplete your bankroll. You should have a betting schedule/tradition that you stick to and shouldn’t waiver from even when you have some bad luck.
Choosing poor operators
Now that online sports betting is so popular, there is a lot of sportsbooks available online. It is vital to make sure that you only invest real money in reputable betting sites that are licensed, have a long history of paying players, good reviews, fair odds and fast payouts. Never risk your money on an online sports betting site that doesn’t seem legit, as there are many scam sites in operation and getting conned out of your hard earned money is never fun.