In part one we have discussed statistics and the best way to deal with a losing streak. This article will be a bit more comprehensive. We are going to discuss some of the most common mistakes you can make when betting on sports. Mistakes that you should definitely want to avoid if you want to become a good sports bettor. Please keep in mind that these are just basic guidelines. You don’t have to follow them literally. As I mentioned in part one, it’s better to develop your own personal strategy by implementing some of these factors. The best handicappers use unique systems to gain an edge in sports betting.
Don’t bet it all on free sports picks. There must be hundreds of websites and services that offer these “expert” predictions. Of course, they do make accurate predictions on occasion, but the truth is only a few barely break even. Usually, after receiving a certain amount of free picks, you start paying for their service. Or you will receive an e-mail stating that you can receive better picks for a monthly fee. And if you think about public picks, why would someone go through all that work just to give it away for free? No, professional handicappers usually keep their picks to themselves. And if they do reveal their picks, they sell them through reputable and expensive handicapping services. One site nbapicks.org
Your best option is to avoid these types of wagers. These bets are very seductive because of the high payout odds they offer. At the same time, your chances of winning decrease dramatically. If you really like parlays, I suggest you stick to two or maybe three games per bet. Any more than that will most likely result in a long term loss.
Apart from basic money management, a more detailed money management system is key to sports betting. You have to think long term when it comes to sports betting. It wouldn’t do you any good to bet your full bankroll at once. This will create the well-known “rollercoaster effect”. It’s better to control your bankroll and keep your bets a little smaller. A good starting point is to keep your bets in the 5 – 10% range. This means you’re only betting between 5 and 10% of your bankroll at a time. This way you can easily handle a losing streak and still have a chance to rebuild the same bankroll. Another good idea is to keep track of your wins and losses. With this information you can change your strategy or increase bet sizes depending on your overall winnings or losses.
Don’t bet it all on a single detail. Don’t expect for a certain team to win if they have just purchased new helmets. Most of the time, a detail is just a detail. It’s about picking the right ones and combining them all into a solid prediction. Stick to details that have a little impact on the game like home field advantage or injuries.