If you are new to betting you are bound to make mistakes, yet even experienced punters fall into the same traps, and they could be costly. More often than not, you make these mistakes at a price.
Instead, you can now learn some common mistakes to avoid without costing you too much money.
Loyalty to one bookmaker
We all have our favourite bookie or just a betting site we have got so used to we can’t imagine changing. Firstly, you are missing out hundreds of pounds worth of great betting offers as a new customer.
Secondly, if you use odds comparison services to find the best odds. You will notice the range in which betting sites actually have the best odds for events. You can get more value for money (through betting offers) and the best odds by using more than one bookmaker.
Betfair and Bethard have some of the highest odds for Premier League matches out there. In fact, Betfair even cites the proof on their promotions page.
Placing Bets Without Doing Any Research
A good place to start, but don’t get me wrong. You can win plenty of bets by what you feel could come in. However, it is a sure way to rack up heavy losses over time. Be meticulous in your research and don’t just blindly follow tipsters.
You will still lose plenty of bets, that’s just the way it is. But, it certainly won’t do any harm, and will more than likely increase the chances of your bet winning.
Placing Unrealistic Acca’s
You have just come from Twitter (tip: follow BettingLounge on Twitter) on a Saturday evening. After seeing hundreds of people posting their huge wins from their long-shot acca’s, and naturally, you get jealous.
You try to emulate their big wins by placing a number of six-fold plus acca’s or simply follow the tipster’s that keep retweeting these images. But, what you don’t see is most people who bet on sports, lose.
Bookies are still making disgusting amounts of profit even with these tipsters/people smashing their longshot acca’s. Try stick to manageable, winnable doubles and trebles, and aim for sustainable profit.
It’s fine to place a longshot, high odds acca every now and then for fun. But, do not kid yourself into thinking it’s a good way of making money. Betting just isn’t. Instead, use it to enhance the sporting experience.Chasing Losses
We all know that optimistic feeling as the build-up to kick-off gets closer. “I am going to win big today”. 45 minutes later and everything has gone wrong.
A team that hasn’t won in six matches is smashing the top of the league 3-0, and your bet is losing.
“Oo, I could put a fiver on this team to come back and win, or maybe a half-time acca to try and recover my losses”. Ignore this voice with a passion. Just ignore it. Never attempt to recover losses at any point in your betting life. It just doesn’t work.
Bet with money you are prepared to lose, and take it well if it does. When the fun stops, stop.
This can seem like a straight-forward rule to follow, but sometimes it is hard. I often want to bet on my own team because I feel they could get the win. Just avoid it. It hurts that much more when both your team and bets lose.
The same goes for your betting preferences for who you like or dislike. Emotional thinking will often lead to misjudgement for your bets. Just because you hate Leeds doesn’t mean they are going to lose.