Making bets isn’t enough for a win. There are so many nitty-gritty details to keep on your radar. So, without further ado, let’s dig deeper into winning sports betting and check the most typical errors that sports bettors make.
Mistake #1 — Changing Unit Size
Money management may be the most important part of sports betting online, yet it’s remarkable how many bettors make poor judgments with their bankroll. Perhaps the most common problem is overreacting to a winning or losing run. We strongly recommend that you use a flat-betting approach and stake between 2-5% of your entire bankroll on each game. It all depends on how much risk you are comfortable with.
However, many bettors get overconfident when they go on a hot run or win numerous bets in a row and start increasing their unit size. Similarly, some bettors may go through a short cold run and either raise their unit size in an effort to return to their initial bankroll or get discouraged and quit betting altogether. When you drastically raise your unit size, a short losing streak can quickly deplete your money. That is why we strongly encourage patience and a long-term view. One of the primary reasons unskilled bettors fail is because they risk too much money on a single bet and deviate significantly from their regular unit size.
Mistake #2 — Overreacting to Recent Trends
If a club has won its last five games, a novice bettor would conclude that they are on a hot run that will go eternally. The reality is that teams are really undervalued after a defeat. Therefore, it is wiser to purchase on bad news and sell on positive when betting at https://india1xbet.in/en/allgamesentrance/thimbles. Bettors will also regularly use trends and information that are not relevant to the sports betting industry. For example, the Indiana Pacers were one of the NBA’s most pleasant shocks, finishing with a 56-26 record, the best in the Eastern Conference.
However, Indiana was only 38-43-1 against the spread (ATS); thus, Pacers bettors’ bankrolls would have suffered hefty damage despite the team’s success.
Mistake #3 — Too Many Plays
There is a wealth of information available online. This might lead to bettors placing 10-15 bets every single night. By not concentrating on the top-rated plays, your winning percentage will likely decline, increasing the likelihood that the juice/vig will gradually deplete your bankroll. Monitoring line changes and bet signals is vital, but knowing why lines move is even more critical. Major line adjustments may occur as a result of public money or a critical injury, but they are not the kind of plays you should be looking for.
Mistake #4 — Not Shopping for the Finest Line
There are hundreds of not thousands of sportsbooks on the World Wide Web. This diversity makes it extremely difficult to pick the right platform to place a bet on. Using just one sportsbook drastically limits your options. That’s why we advocate opening accounts with (at least) three distinct sportsbooks.
- Square books — these usually offer the finest underdog lines.
- Sharp books – these usually come with the greatest lines on favorites.
- Reduced juice books — these are ideal for daily betting since most games have -105 juice, requiring bettors to win at a 51.22% rate to break even.
Bettors who have access to three different sportsbooks are more likely to get odds that are at least 0.5 points better than the market average. Simply adding the extra half point may boost your long-term winning rate by 2%.
Mistake #5 — Bet Against the Public
Betting against the public is a cornerstone of our sports betting philosophy. Its application is rather straightforward: the team that receives the fewest bets may yield greater value.
It’s human inclination to cheer for victors and scorers. That’s why the public often roots for winners and scoring. Similarly, we have observed bettors consistently overvalue home-field advantage, creating enormous value for visitors (in all sports except baseball).
It makes no difference how many beginner bettors are on a certain side of a game. What counts is how much money is on one side of a game. That’s one of the reasons we think reverse line movement is a great predictor of sharp money. If 80% of the public bets on Team A -8 but the line moves to -7.5 or -7, we may conclude that a huge bet was put on Team B, causing the line to shift against the public.
Make Strategic Bets and Win Big
Sports betting is a tricky and challenging business, especially if you lack knowledge or experience. However, this doesn’t mean that your winning chances are equal to zero. Just keep an eye on the most common mistakes and make strategic moves. This way, your winning odds will go high.