Typing too quickly or placing a bet on impulse – can be expensive. Some mistakes occur again and again with beginners and regularly cause frustration and lost money. This article lists the three biggest mistakes and explains how to avoid them.
Strategy and plan lead to success
The prospect of success makes many sports betting fans become careless. However, the lack of caution costs money. There are several ways to succeed with sports betting, and strategy and plan are always useful. Many experienced sports betting fans even think they have found the ideal strategy to regularly rake in profits. But the one, right strategy does not exist. However, the experience factor, which is naturally lacking in beginners, plays an enormously important role in connection with successful betting. The fact is that there are some basic mistakes that beginners should avoid to increase their chances of winning.
Those who place sports bets without a strategy and plan usually lose money. The budget melts down and is completely used up at some point. Unfortunately, there is no universal recipe that everyone can apply and that is guaranteed to bring in profits. But even beginners can actively increase their chances of winning if they are willing to learn patiently and take enough time to build up and expand their knowledge. Practice makes perfect!
Four mistakes are particularly common and avoiding them will benefit the prospect of success.
Lack of preparation
One of the most common sources of error is the lack of preparation. It is not the gut feeling that plays the main role in sports betting, but the knowledge of the most important influencing factors. Which players are on the pitch? What do the statistics say? How has the team developed over the last few games? Are there players absent at short notice due to injuries? These and countless other factors go into the probability of success of a bet.
- Is the victory necessary for one of the teams? Are there new transfers, injured and suspended players?
- Are there any real exceptional talents in the team like Messi or Ronaldo once were?
- What are the underdog odds?
- Where will the game be played? (Home game means advantage)
- Which referee is on the pitch?
- What is the mood of the team?
Studying current sports news and events concerning the teams is indispensable to making a bet with good chances. If you are serious about betting and want to win, you prepare strategically and do not act on impulse.
What makes the team tick? The mood in the team influences the playing strength.
Think short term and act impatiently
Impatience is a bad advisor and is one of the most common mistakes made by beginners. Those who act impatiently often lose money because sports betting strategies are designed for long-term success. For one thing, bettors need to establish and follow clear rules regarding their budget and how it is spent (see point 3). On the other hand, it is advisable not to place a quick counter bet in frustration after suffering losses to recover the lost money. Such an impatient approach fails in many cases and leads to losses on the bottom line.
No betting strategy
Bankroll is the name of the budget that is available for gambling. Bankroll management, therefore, refers to the strategy of how to deal with the available budget. Experienced sports bettors use between 1.5% and 2.5% of the available balance. This means that with a total budget of, for example, €200 and with a stake of 1.5%, only €3 is used in a bet. This sounds little, but it can pay off in the long run because this cautious strategy helps to keep potential losses small. On the other hand, of course, the possible profits are also severely limited.
If this value seems too low, you can of course bet more money, but then you will have to accept higher losses. Experience shows that especially for beginners the cautious strategy makes more sense because then enough money is available to gain initial experience. Regardless of the specific amount of the bet, the decision to bet should always be made about the available balance. In practice, this means never betting the entire budget on a single bet, but always a certain proportion.
Those who go “all in”, as in poker, risk everything with a single bet. This approach can be the absolute lucky shot and play large profits into the cash register, but strategy, caution and planning have nothing to do. In this way, the hobby of sports betting becomes a matter of luck.
No odds comparison
Before placing a bet, it makes sense to find out about the different odds on the various sports betting portals. Betting odds on the different portals rarely show significant differences. But sometimes there are differences, and one platform rates an odd differently from the other portals. Checking several betting portals also has the advantage that incorrect forecasts about the likely course of the game and the expected outcome can be contained.
Conclusion: Inform, be patient, follow the strategy and compare odds
If you avoid the four most common mistakes, you are not yet a betting pro, but you have taken the first step in this direction. Working cautiously and with small amounts at the beginning allows a learning phase in which only a few euros are lost if a tip does not fit. Experience grows with each game and ensures that the frequency of wins increases. Thus, it is possible to make better and better tips and increase the capital invested.