Avoiding Mistakes in Online Sports Betting

Being successful at online sports betting is much more possible if you know the common mistakes other online gamblers make, and how to avoid them.

 

These three common mistakes are some of the worst you can make. Especially when it comes to the money you have available for gambling.

 

Not managing your bankroll — The absolute worst mistake you can make when online sports betting is to set up a bankroll and then not manage it correctly.

 

Setting up your bankroll should include deciding how much money you can afford to gamble that month, how much you will spend each day and what your weekly limits will be. It should also mean creating a second account for any winnings you earn, as those should be kept separate from the rest of your bankroll.

 

Once it is set up, it should be managed in that you never overspend, you never ‘borrow’ from another day’s amount, and you stop betting as soon as you are at your limit. If you ignore these three things, you are setting yourself up to not only go through your money too quickly, but possibly spending far more than you can afford.

 

Betting on too many games — Too many judi online gamblers take a look at the games coming up that day and then bet on almost all of them. Doing this stretches your bankroll too thin, and causes you to bet on teams and on games you have not researched and know nothing about.

 

Betting on too many games means you are putting far too much of your bankroll at risk at any one time. It also means you will usually lose most of it.

 

Instead, narrow down your bets that day to one or two of the strongest ones. They should be on teams and games you have researched, and should be bets you are the most confident about.

 

Betting on games that are too easy — Many novice online sports gamblers find upcoming games that seem to be an ‘easy bet’. In other words, games where the outcome seems to be obvious.

 

Other gamblers find odds that seem to be ‘too easy’ to win.

 

In this case, however, there is often information about the game, the team or the players that they have missed. Thus causing that easy game to be an easy loss instead.

 

Before you bet on what looks like an easy outcome, make sure you have done all your research. Is a star player missing from the line up? Has the coach just been fired from the team that seems to be the obvious winner? Is the weather going to be a problem during the game?

 

Remember too, bookmakers rarely make mistakes when it comes to offering their odds so, if the odds are very high, there is usually a very good reason for it.