No one likes to make mistakes, especially when those mistakes that cost them money. In the wonderful world of sports betting mistakes, errors can get expensive. If you happen to slip up even the slightest bit, it can be the difference between a profitable day and one that will make you want to cry.
Thankfully, we’re here to help. Take some time and read through these common mistakes that we sadly see from the people all the time.
Betting on sports that you aren’t familiar with
Some winning sports bettors are able to bet on more than one sport profitably, but most of them master one sport before adding a second one. Beginning sports bettors need to focus on a single sport.
The percentage of long term winning sports bettors in comparison to people who place a bet every year is miniscule. Don’t make the odds any worse against you by dividing your research time and attention over more than one sport.
Placing bets on sports you aren’t familiar with is often an indication of what I call an action junkie. Some people can’t seem to do anything without trying to place a bet on it. If they watch a cricket match they want to bet on it – even if they’ve never seen one before.
Even if you fall under the action junkie description, stay focused on your strongest areas of knowledge. Only wager small amounts on everything else.
Focus too much on skills positions in football
Skill positions in football are important when handicapping upcoming games, but they’re far from the only areas you need to consider. Most sports bettors focus on the quarterbacks, receivers, and running backs. They ignore defenses, special teams, kickers, and offensive lines.
Even taking all of these extra areas into account, you run the chance of missing important handicapping considerations.
Have you considered the weather forecast for the game, how far the visiting team has travelled, tendencies of the head coaches, coordinators, etc.?
Considering the skill positions are a great place to start, but in comparison to everything else you need to research, they only represent a small percentage of your overall handicapping details.
Placing bets without doing enough research
The cornerstone to every successful sports betting operation is research. You can never do too much research.
You need to know how to use the research to make educated sports betting picks.
Make sure you understand how much information you need. Learn the best ways to acquire it, then use the research to build statistical models and systems that help you gain an edge.
Bankroll Management
Pay attention because bankroll management is probably the most important point in this whole list.
We cannot stress enough that you should only ever bet with money that you can afford to lose. Countless people constantly pull money out of their savings accounts and bet it away without considering how much it is costing them, only to realise what they have done when it is too late.
You can avoid making this mistake by putting some money aside in a separate account and only using this to place your bets. That way, even if everything goes south and you lose it all, it won’t make a massive dent in your finances.
Placing too many wagers
Another mistake we come across very often is when people who follow different sports think that they will be betting experts on all these sports.
The product of this tends to be a resultant betting slip that looks like a cocktail of all sorts of sports and markets mixed together which, from what we’ve seen, hardly ever does well. Whilst it is not uncommon to have a large interest in multiple sports, more often than not, there will always be that one sport which you know and love better than the rest.
Since all sports are different and each one comes with its own unique betting options, we think it is wiser to stick to the one sport that you know best.
Now that you have a better understanding some mistakes to avoid, where should you be looking to place your wagers? If yes, join Royalewin today and start to support with your favourite team now !