While there are many mistakes you could make in online sports betting, there are three that could cost you more money than just about any other.
Start out your online sports betting career by avoiding making these mistakes, and you should find you progress much more quickly.
Poor money management — The most important thing for any online sports gambler is to manage their money properly.
This means coming up with a budget, deciding how much of it you can afford to bet daily and then sticking to that budget. The budget should also be within your means, meaning you should not be gambling money that has been earmarked for things like household expenses.
Those gamblers that do not create a budget, aka a bankroll, and do not limit themselves to a specific amount every day quickly stop being able to afford to bet.
Betting on games you did not plan on betting on — Impulse betting is the quickest way to go through your bankroll in just a few hours. Especially if you impulse bet on teams or games you know nothing about.
Every bet you make should be planned in advance, and nothing should be added to it.
People who do get into impulse betting, however, tend to be those that are losing too many bets. They then begin to panic about recouping their losses, and so start betting on games they have not planned to bet on in an attempt to make their money back. This invariably leads to even more money being lost.
Plan out the week’s or month’s bets carefully, so that you always know how much you will be betting and where it will be going. Once you have made those bets, whether you win or lose, walk away and only return to the online casino (for example, judi online) when your next bets are due to be made.
Not doing research before betting — Another major and very common mistake when online sports betting is not to research upcoming games, and not to know much about the teams being bet on.
Every bet should be planned out in advance, and research should be done on both teams playing, as well as on the players on each team and on any recent news connected to the team.
You should find out if injuries are preventing certain players from playing, if there have been problems with an owner or a coach, or if a star player is having family problems. All of these things can negatively impact a team or a player’s ability to play well.
Research done before each game can prevent you from betting on an outcome that is never going to happen. An outcome you would have known about if you had spent the 10 minutes necessary to learn about recent happenings with each team that would be playing in the game.