Betting is an occupation for millions all around the world. It is entertaining as one can get, but it is also stressful at times. For some, it always is. It is one of those hobbies, that not only involves money but is based on constant improvement of skills. If you don’t hone your skills, you are ought to lose money. This is a standard equation, but one people often underestimate. If you want to be successful, you need to know how to learn from your mistakes.
Some players never managed this, and in addition, they keep repeating the same mistakes. This is something that is unforgivable in the world of sports wagers and we are here to discuss this issue. In this article, we are going to go through the five most common sports betting traps and pitfalls to avoid. We’re sure you’ll find yourself in most of them, and the moment is right now to get them out of your betting life. Let’s see what we have in store for you.
Are You Too Familiar With Gambler’s Fallacy
We are sure that you are. This phenomenon is quite frequent among gamblers. You shouldn’t be a part of it, as there’s no true point. Some of you are probably part of the gambler’s fallacy without even knowing it. Do you know what it is? It is a sort of a belief, that if something sport’s related or related to any gambling activity that happens a lot in one period of time which is present, the chances are it won’t occur again in the future because of it.
The best example is a team that plays well at home. So, if a certain team, let’s say AC Milan, have ten consequent home wins. When you see it you must think that the time is right for them to drop some points at home and that a draw or a loss is imminent in near future. But, this is not right, as they’re proven winners at home and the chances are that they’re going to continue their form. Of course, they’re going to lose points at home eventually, but you shouldn’t waste time betting on it, as there’s no guarantee that the next match is the one.
Don’t Ride The Hype Train
Thanks to social networks and their popularity, these days it is easy to get hyped about almost anything. Sports betting is not saved from this trend. If you are dedicated to this trade you should only follow your analysis, stats, form, and occasional hunch. Those who are not well versed in the life of gambling often ride the hype train which has someone else at the helm.
If you dig too deep into the mainstream media and social media platforms you could start believing stories about severe injuries that are light, about players that are about to explode, or about teams that will turn their fortunes in the next few weeks. This is dangerous to do, especially if you’re playing games that are usually played under a handicap. Oddsmakers are a clever bunch and their lines are shifting and moving together with what the media is saying. They’ll learn, and they’ll adapt, and so should you. Never believe the hype, observe it, and use it to your advantage, but do not let it change your line.
Playing on Unreliable Websites
We live in times when the expansion of online betting is underway. These days almost anyone can make a website and try to pass it a as sports betting site. With a smartphone, you can download the app in a matter of minutes, install it, and deposit money. But, thanks to the abundance of websites of this type, it becomes hard to recognize a reliable partner.
If you go with someone as betfinal.com you are all set to go, and no worries are needed. But the web is full of people you can’t trust so make sure that you are making the right choice when selecting a betting provider. Do not bond yourself to any website before going through hundreds of reviews and recommendations. It’s your time and money in the end, but we suggest extra diligence. Not everyone is going to be straight and fair with you as we are.
Sticking to Your Favorite Team
We’ve all been there. Regardless of your favorite sport, you’ll always have your favorite teams. Some of us have a favorite team in each sport, it’s not that unusual. Your author, for example, supports FC Juventus, Dallas Cowboys, and Minnesota Timberwolves. There’s probably little logic to this team combination, but there are also no emotions involved when I wager.
You should leave your emotions at home, or at least unplug them when you’re ready to place a bet. Being your favorite team guarantees no win to anyone, and you need to be aware of this. Betting on favorite teams can only lose you money and leave you both with empty pockets and in emotional distress. Avoid your favorite teams when placing money on a wager, trust us; just see what happened in Turin over the weekend.
Betting Under Influence
Oh, dear. You went there, didn’t you? We’re talking about being under influence of various opiates, and most of us made this mistake at least once in our lives. It goes hand in hand with the mistake from the paragraph above. There are many things we shouldn’t do when drunk or high, and betting forms the holy trinity together with calling our exes and driving a vehicle. So, it’s a big no from us, on this subject.
Having a few bears during a game is all good and well, but today, thanks to our smartphones, it is easy to bet live, and this creates quite a few issues. The biggest one is decision-making. Sometimes even under the right conditions, you’ll be unable to place a proper bet. Doing this under influence renders it impossible.