There’s really no disputing the fact that online sports betting has revolutionised the industry like absolutely nothing in its history. For the first time, it’s possible to not only gain access to a spectacular range of global betting markets, but also to do so from absolutely anywhere at any time with a mobile device.
Suffice to say that for the sports betting fans, it truly is a golden era.
That is of course, unless you happen to be one of millions of sports betting aficionados who never seem to be able to turn a profit. Simple fact of the matter is that even though sports betting has never been more straightforward, this doesn’t mean it isn’t possible to make seriously bad decisions and effectively sabotage yourself.
So with this in mind, what follows is a brief outline of just a few of the primary reasons why you continually lose, every time you get yourself involved in sports betting:
Listening To Pundits
First and foremost, while there’s nothing to say that listening to pundits cannot at least help guide you in the right direction, you have to acknowledge the fact that what you are listening to is only personal opinion. And given the fact that there are thousands of pundits all over the world with entirely contradictory opinions, you cannot rely exclusively on the advice and information they offer. In addition, it is also critically important to remember the fact that pundits are often hired specifically to have an influence on betting odds, ratings and to inspire debate in general. Or in other words, they do not always have your best interests at heart, so approach with caution.
Betting on Too Many Games
If you really want to get ahead and improve your fortunes when it comes to sports betting, you need to be strategic with regard to the sports and events you focus on. Or to put it another way, you need to focus your attention on one or two sports specifically – a select handful of the very most. The reason being that making accurate predictions means investing plenty of time and effort in researching and monitoring the sport and betting market you are interested in. The thinner you spread yourself across a whole multitude of sports and events, the less you can rely on your own knowledge, predictions and decisions. Variety may be the spice of life, but you also need to know where to draw the line.
Not Shopping Around
One of the most enormous benefits the online sports betting revolution has brought about is the way in which it is now possible to compare and contrast odds from hundreds of different bookmakers, in order to ensure you get the best deal. Of course, odds are really only of any importance in the event that you win, but it still simply makes sense to choose the provider offering the best odds available. And given the fact that doing so is as easy as using an online odds checking service, there’s absolutely no excuse for not doing so.
There’s an extremely common yet highly detrimental trap that so many sports betting fans fall into – especially newcomers to the game. While you may have all the loyalty and respect in the world when it comes to your home team, this doesn’t necessarily mean that they represent a sensible team to put your money on. Of course, betting against the home team raises a variety of ethical questions and you may not find yourself in particularly good favour socially. But at the same time, if what’s most important you is ensuring that you do not waste your money, you have to be willing to let loyalty take a back seat for the time being at least.
As is the case in absolutely every area of gambling whatsoever, facing losses in online sports betting is a fundamentally terrible idea. The reason being that while it isn’t statistically impossible for you to win back your money, the fact that you are chasing losses means that you are not in the kind of mindset it takes to make sensible and informed decisions. Instead, you will act on impulse, place bets irrationally and take ridiculous chances in the hope of winning back your money. All of which adds up to a situation where you will in fact not win back your money, but will instead lose considerably more than you bargained for. Avoiding or getting out of this habit basically means assigning yourself a specific amount of money you are willing to lose, after which you walk away and do not even think about trying to win it back.
Falling Foul of Dodgy Deals
The only thing worse than losing when it comes to sports betting is winning a spectacular amount of money, only to find that you cannot gain access to a penny of it. Contrary to popular belief, this actually happens quite a lot. While most online casinos and sports betting services offer genuinely valuable introductory deals and promotions, others are quite to the contrary. You may be offered £250 in ‘free’ money to do what you want with, but this doesn’t mean that if you then strike it lucky with a £10,000 win, a single penny of your winnings will come back to you. Suffice to say, if you do not read the terms and conditions in full with regard to wagering requirements and withdrawal restrictions, you are setting yourself up for trouble.
Betting Under the Influence
Last but not least, while it’s pretty safe to say that quite a lot of sports betting fans get an enormous kick out of gambling with a few beers, there’s really no better way of clouding your judgment and making terrible decisions. Think about it – pretty much every casino on the face of the earth doesn’t give away gallons of free alcohol each and every day for no reason. Instead, it’s because with each and every alcoholic drink you consume, you become that little bit more likely to make terrible decisions. Not only this, but betting under the influence usually means finding yourself in a situation where you really don’t care about losses – until you wake up the next morning with the mother of all hangovers in your wallet!