Online betting on sporting events is supposed to be fun, it makes enjoying the games you are watching exciting and fun. But, let’s cut the B.S. for a second and let’s all agree on one fundamental thing: Nobody likes to loose. Plain and simple.
Part of the fun of gaming online is the prospect of making a considerable profit on your bets. But gaming experts all can agree that what differentiates the average Joe betting on the occasional NFL Football games and the Sam ‘Ace’ Rothsteins (Scorsese reference!) of the world is avoiding some very common mistakes that are made week after week by inexperienced players.
Let’s start with the basics. If you are really serious on making a bank on the bets that you place, the very first thing that you must do is know what is it that you are wagering on. It doesn’t hurt to read the sporting paper, watch Sportscenter, get a feel of the teams, boxers, fighters, etc. before placing any wager blindly, let’s say if you were going to place a bet on European soccer, it would really be a useful if you at the very least knew the sport. Secondly, if you are a brand new player, please get acquainted with the different types of wagers available.
Once you have taken care of that there are some common mistakes that the average bettor makes constantly. And by just avoiding them, you will see quite a difference on the end results.
First, learn how to administer your bankroll. The amount of money that you have destined for playing should not be used entirely on one single bet. Learn to pace yourself and, if you are betting on College Football one Saturday, pick and choose the games you want and bet moderately on each one. You might impulsively think that you will be missing out, but ultimately you will be wagering safely and smart.
Second, it is very often that thousands of bettors fall victim to the latest trend in sports. Often falling for the mirage that certain teams become media darlings and all of the sudden suffer a rude awakening. Take for example the recent case of the Philadelphia Eagles in the NFL preseason where steam-rolling teams left and right, and a lot of so-called betting experts touted them as favorites to win the Super Bowl. Now, with a very sizeable losing record, the Eagles are colder than the South Pole.
Third, do not spread yourself too thin. Keep your bets down to a few, and carefully select the games you want to bet on. That leads us to advising you to always look for the best line, shop around for the line that looks the best for you. That could mean a larger payout in the end. For example during the MLB season there are several games going on every day, pick and choose the correct games to bet on and be careful on how you place your wagers.
Finally, and this is very important, do not bet with the intention to recoup your losses. If you are getting into sport betting, know that you should expect to loose at some point. Even the most careful and meditated wager can be a loss. That’s ok, it’s part of the action. However do not make the cardinal sin of jumping right back in and overspending your money trying to make up for your losses. Going back to the first rule, this is why we advise you to keep your wagers moderate. Never bet more than you can afford to loose.
As an extra word of advice, we encourage you to develop your very own system. Learn when to take risks and when to avoid them. Trust your instincts and drench yourself in knowledge, it will help you get ahead in the gaming world.