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Out of Luck: 10 Betting Mistakes We’re All Guilty Of

On paper, sports betting might seem rather straightforward, but if it really was as simple as picking the right winner, wouldn’t every bookmaker be out of business by now? The truth is, the players themselves are their own worst enemy when it comes to betting. Here’s a look at some of the biggest and most common mistakes players are guilty of, that keep them from laughing all the way to the bank.

Chasing Losses

Should you lose a bet, the best thing you can do is accept it as part of the game and move on. Trying to win back what you lost to the bookmaker will likely lead to even more disappointment. Keep your cool and go into your next bet with a level head for best results. Find more eSports betting sites under

Over-Reliance on Outside Advice

There are a lot of awesome betting communities out there where you can get tips and advice from experienced, knowledgeable players. The thing is, no one is right 100% of the time, and if they were, they probably wouldn’t make that fact public.

Trust in yourself and your own instincts because, at the end of the day, it’s your bet on the line.

Betting Under The Influence

There are many things alcohol doesn’t mix well with, and betting is up at the top of the list. While drinking, you will find it difficult to stick to your strategies and might end up making betting mistakes that wouldn’t happen while you’re sober.

The Betting Jack-of-all-trades

Successful punters know that you can’t be an expert in everything. Figure out which sports you have the best knowledge of and focus your betting strategy on them. Bookmakers have expert analyzers looking at every game before they set the odds, so you can’t expect to beat a dozen different specialists with your spread out bets. Pick one or two and stick to them.That’s the way to clear a profit against the house pros.

Not Betting Value

If you want to achieve profit in the long term, you have to consider the concept of betting value. Betting value refers to betting only when the odds and probability are on your side. This isn’t easy, as the higher the value, the bigger the bookmaker’s mistake has to be for you to win.

Deciding if a bet has value for you is the hard part. It calls for a great deal of knowledge on the sport, as well as a good head for odds and probabilities, as well as the discipline to analyze bets rationally.

Poor Record-Keeping

Understandably, whether true or not, every sports bettor you meet will tell you that they are making money. That’s just human nature. The problem comes in when players begin to lie to themselves. See, every player who wishes to make a profit from betting needs to keep accurate records of all their plays – whether it’s a win or a loss.

The true pros do this honestly so that they can see what works and what doesn’t. It’s just good business.

Betting With Your Heart

To be honest, it’s quite possible to make bad betting judgments while completely sober. A team you like might have a game, and so you place a bet on them even when the odds are against you. Big mistake. When you allow your feelings to dictate your betting strategy, you’re bound to lose in the end, and you won’t have learned anything useful for next time.

Making Things Too Complicated

There are no shortcuts in the world of betting. The house will always have the advantage at the end of the day, no matter what anybody else tells you. Strategies such as the Martingale, where a player makes each progressive bet twice as large as the preceding losing bet until they get a big win that covers all the previous losses only work if you’ve got a nearly limitless stack of cash. I bet you don’t. Manage your bet limits with sensibility and stick to your strategy to avoid getting wiped out experimenting with wonder systems that will ultimately let you down.

Misplaced Loyalty

When it comes to bookmakers and banks, the principles of loyalty, admirable as they are, don’t apply. Stick with one bookmaker if they always offer you the best deals and terms, otherwise, you shouldn’t think twice about changing things up.

Credit Betting

Credit, whether it’s used to buy something or place a bet, is rarely a healthy way of doing things. It makes you more likely to make poor judgments as you rush to pay back the money, which might sink you even further into a hole. Stick to your strategy, only bet with cash you can afford to lose, and you’ll be fine whatever the outcome.

Our Human Nature

As you’ll have noticed, most of the mistakes listed are more or less as a result of basic human nature. For success, you’ll have to develop the discipline to resist these tendencies while working on your sports knowledge, analytical skills, as well as emotional coolness. Remember that when it comes to betting, you’re running a marathon, not dashing a hundred meters, so keep it steady.