All of us bettors believe we are impeccable. But is this actually true? Of course, it isn’t. We make mistakes all over the time, which often leads to money losses. This is why today we are going to give you seven betting mistakes every sports fan should avoid – 2020 guide. At least, by following these, the losing margin is going to be reduced.
1. Avoid Parlays
Mixing three or more bets in one is called a parlay. Rookie gamblers love to reach for them because they offer massive wins. Another thing they also offer is slim chances of winning. Why do we say this? Well, take, for example, you that you create a four-team parlay. The odds are going to be 13:1. This sounds great, bet $10, and go home with $130. But, you need to hit all four bets. That’s right; you can’t miss any, four bets for maximum odds. The chances you are going to guess four results are not very good, to say the least, and this is why bookmakers love new players who are prone to taking chances with parlays.
2. Not Shopping Around
Not all bookmakers have the same odds. While in most cases they’re close, there can be a difference that accounts for something when you plan on making a more significant wager. Most players don’t pay too much attention to the difference between 1/3 and 1/4. When you bet $5 or $10, the difference isn’t that vast. But what about $100? It can amass almost to $10. Now, try betting $1000. You get our point. The odds are essential, no matter how insignificant they might seem.
This is why you need to check out what bookmakers have on their tables for you. Look for places that will give you the best odds, and this way, you can maximize your winnings. Shop around every time; there’s no point in being loyal to one company when it comes to betting. But, if you want to stick to one, we have a good option that you’ll see if you click here.
3. Betting While Drunk
This one! We can’t stress enough how important it is never to do this. Never! Sports and alcohol often get along, but it’s not the same when it comes to betting. While putting wagers is an essential part of sports these days, mixing it with booze is never a smart idea.
You are not a bettor aiming for a win if you are inducted with alcohol. Betting under the influence is even worse than betting under high emotions. The stories of people who lost their savings on drunk wagers are all over the place, and they’re not fiction. Put your bets on the table before you start drinking. Or, if you have already been drinking, forget about wagers.
4. Chasing Losses
Thanks to Internet expansion and the birth of many online gambling sites, these days, you can bet anytime anywhere you want. But, for passionate gamblers, while convenient, this can pose a huge issue. What happens when you hit a losing streak? You want to get back on track, of course. Unfortunately, telling you this from experience, you can lose too much by doing this.
Betting when you are desperate is never a wise move. It is normal to lose, but save the remaining money to bet another day. Once the desperation kicks in, you’ll hardly be able to notice that there aren’t nearly enough games to put a wager on, and you’ll try to guess the impossible results late at night. Whatever you do, once the losses amass over what you can take, stop, and leave it for another day, another weekend. Losing streaks happen all the time, but don’t dig a hole under our feet.
5. Use Your Head, Not Your Heart
All of us who bet on sports started doing so because we love the game. As such, all of us have teams we favor, those whose colors we defend. Loyalty is all good and well, but we shouldn’t mix it with betting. Allegiance to a team or teams could color your judgment. This is why it’s better to put your wagers away from the groups you cheer for. There are so many options that if there’s one to avoid, you should do it without a second thought. All of us have been burned on this fire, but repeating this thought once more can’t do any harm.
6. No Blind Betting
If you are new to betting, this is the one you need to have as the first rule of betting. Research is the mother of wagering. Before placing your bet, you need to know a thing or two about the teams, or players, dogs, or horses you’re going to bet on. Do not, ever, under any circumstances, put a blind bet. Why? Well, you are not going to win anything this way. Yes, when it comes to betting, there’s much luck involved, but you can’t rely entirely on it.
Instead, rely on your knowledge that you will gain through research. Now, if you are betting every weekend, for example, you can’t learn all you can no matter how hard you try, but you can do what’s needed. Many things can help you win: injuries, suspensions, form, rivalries, etc. Betting while thoroughly uninformed will lead to a disaster, and it’ll cost you money.
7. Betting Too Much
This might seem too obvious, and it sort of is, but we need to say it out loud. Many bettors didn’t know when or how to stop, and they wagered too much. We won’t go into consequences, but they can be grave. The best route to take is to keep track of all of your bets. When the value is going beyond repair for the week or month, stop. That’s the formula. But, if you are placing bet after bet after bet, and your hole is getting deeper, you’re on the trail of disaster.
It is possible to bet too much, regardless if you justify it by calling betting your passion. Some matches need to be covered by high stakes, as the chances of winning are real, but you can go overboard at any given moment. What you need to do is to have the amount of money set for the period of betting. Once it’s spent, you need to back off.