Mistakes to be avoided
Changing the unit size- Money management is one of the most important skills one should possess to be a good bettor. Many people make irresponsible decisions which affect their bankroll. The most common mistakes one make is overreacting to the losing or winning streak.
One should employ a flat-betting system wherein the wager should be in between 2% to 5% of the total bankroll for each game. But, few bettors get overconfident whenever they are on a winning streak and increase the unit size. Similarly, whenever he experiences a losing streak, he will either increase the unit size to get back whatever is lost or gets depressed and entirely stops betting. Hence in such scenarios, one should maintain patience and have a long-term view. Deviating from the original unit size is the main reason the bettor's lose all their money.
Too many plays- There are few bettors who keep placing bets day and night. You need to focus on each play and strategically play your bets. Taking too many things would be difficult to handle and it will slowly erode your bankroll. Stay focused and disciplined to get onto the winning streak.
Betting on the sports known familiar to you- Another common mistake made by the bettors are betting on those sports which they don't have enough knowledge to make reliable and safe bets. Many bettors tend to make bets in all the sports like football, cricket, horse racing, etc. However, you need to figure out the sports that you are comfortable in betting and restrict the bets to only that sport.
Betting on favorites- There are few teams which would be popular as they are winning many games. However, betting on your favorites does not justify the risk you take on them and the investment you make. Many of the amateur or beginners commit the mistake of betting on the favorites and they forget that they too can lose a game.
Betting on low odds- Betting on low odds usually means a clear-cut win. But it comes with high risk. In all the games, tournaments and championships, surprises do happen. You need to take into account many factors and it is quite worthless to bet on low odds. Especially in case of live betting, one can lose a huge amount of money.
Playing at bingo or casino- It is always best if one can stick to the game of sports betting. There are many people who put all their money in casinos or bingos. It is a game of luck or chance, which will always end up losing money. The biggest difference between sports betting and casinos are that the sports betting are a component of study and analysis whereas the casinos or bingos are purely game of chance. If you want to set a positive record, it is better to avoid gambling in such centers and concentrate on sports betting.