It is difficult to make a profit in sports betting, even when you don’t make any mistakes. But if you do make mistakes either in wagering or in handicapping then it becomes just about impossible to make a profit. Many people rely on luck to try and win at sports betting, but it is far bettor to use talent proper strategies. And of course to avoid making mistakes.
So let’s take a look at the most common things people do wrong.
Mistakes Made With Handicapping
Not Remembering Which Team Is Best
It is quite possible to over analyze lots of small details, for example psychological factors or statistical data. With all of this in your head it’s easy to miss the obvious, which team is best. When you look at the win percentages of NFL and NBA teams they are usually the ones with the best point spread records. Of course they don’t always win, some situations will certainly affect their game, but the better team usually overcomes many problems. The better team won’t always win, but they all are always the best one to bet on.
Becoming Over Dependent on Technical Trends
It is often said in the financial world and that just because a stock or fund has done well in the past doesn’t mean they will do well in the future. But also is true for sports betting. The performance of the team in the past is very interesting but that doesn’t mean it’s a predictor of how they will perform in the future. You must be careful when given information on a trend, it may be that someone has made a theory to fit the past results, and that theory may not predict future results. The people who successfully analyzed sports betting will look at each game individually rather than relying on a trend.
Making Too Much Of The Last Game
One winning game could easily be a fluke there could be a good reason for one team playing bettor than usual or another team playing worse. When considering which way to place your bets it is wise to look back over a few games rather than just one, especially if that one game is unusually bettor or worse than other times. We all have good days and bad days, the same is true for sports teams.
Considering Just the Strength of the Offensive Team
Championships are won by defense, it’s a cliche, but it’s become a cliche because it’s usually the truth. If the other team can’t score than they can’t win. Whilst it’s great if your team is able to score a few points they can easily lose if the other side scores more, because your team has a weak defense. A lot of sports bettors seem to ignore the defense and bet solely on teams that score. But take a look at a few winning teams, from example the Pistons NBA title, the Patriots third Super Bowl and the red socks World Series win. So the message is don’t just consider offense look at the defense to.
Being Too Concerned About Injuries
In a small team, for example basketball, each individual player has a high value to the team. In a large team, for example football, each individual player has a smaller value in proportion to the team. What this means is that if a star player in a basketball team is injured that has more significance than if a star player in a football team is injured. But the bookmakers know this to, so they are quick to adjust lines when there’s been an injury, so the bettors not likely to make a lot of money here. You must be careful not to place too much emphasis on an absence, a team will often go into a game without their key player with a lot more effort being shown and a lot more determination to do well, especially from the person who is replacing the key player.
Not Getting The Right Balance Between Talent And Motivation
Just because the team is highly motivated to win doesn’t mean that they have the talent to do so. Indeed some times that the motivation, and the way players can be psyched up can prove to be a detriment. If players act in an aggressive manner they are much more likely to foul or to make plays that result in penalties. You must also remember that the more talented players or teams will also have a high motivation to show that they are still talented so it’s not easy to say who will be most motivated the team that won easily last year all the team that fought hard but lost.
It’s important to pick the right side in sports betting. After all you won’t win by picking the wrong team! However it is also very important to have solid techniques and principles of wagering. Professional gamblers are often known to be great at betting even if they are not so great at handicapping. The trick is learning how to wager.
Mistakes In Sports Betting Wagering
Putting Down More Money Than You Can Afford To Lose
Bookmakers like bettors to win a proportion of that there is, that keeps them playing and paying! A gambler with no money won’t be placing any bets. A strategy or plan that you stick to in a disciplined way is the best way to use your bankroll. One well-respected plan to use is the “Kelly criteria”, named for its author, John Kelly. The way this works is that on each play you gamble a percentage of your available bankroll. For example, if you have $1000 available and you decide to use 10% on each play, the first wager you place would be for $100. If that play results in a win you will now have $1100, and your next bet will be for $110. However if that play results in a lose you now have $900 available, and your next bet will be for $90. As you betting infractions, using this plans means you won’t go broke.
Becoming Emotional And Getting Even
If you want to be successful in sports betting you need discipline rather than emotion. You will have losing bets, and you will have days when you lose overall. But you will only make matters worse if you try and use one bet to recover for a past bet. Don’t get emotional and promise yourself that this wager will get you even for a past wager.