Thinking entirely with head is the basic need to succeed in gambling. However, it is the most difficult thing to do. Thinking becomes blur when the emotions take over; and that difference is hard to spot too. Hence, it is always important to check all aspects of gambling before placing the bet and ensure that you are not making a costly mistake. To help you with finding such instances, we enlist here the most common mistakes the gamblers make and provide you the solution for the same.
- Not setting the budget
Immature punters don’t set the limit on spending in gambling. They think it to be the sure shot way of making fast money and start trying luck more often than required. They tend to chase the loss and double up the unit size when they start to win. So, when you find the betting record consisting of wavering unit size, you have spotted one of the most common gambling mistake.
There are bookmakers who allow you to restrict spending by setting the deposit limit. You can make use of these responsible gambling tactics to put the expenditure within limits. Another important strategy will be to follow flat betting. It means that you fix 1-5% of the bankroll to invest on bets and don’t stray from it. By doing so, you limit the losses and have fair chance to stay in the betting game for long. You don’t go bankrupt sooner and have ample opportunities to make a comeback by spotting the value bets and earning from those.
- Making decisions solely on recent trends
How a certain team has performed in the recent times or based on the current winning streak, many gamblers tend to back it. They think that present performance is the only criterion to spot the possible winner. It leads to overlooking of historical records which is more important. For instance, a team might just have a good day on the day of finals, it does not mean that it is technically strong too, or have the potential to stage the winning show again. So, the majority of the bettors will back the team that has recently won the matches.
Following the crowd sentiment is a big mistake when gambling. You can avoid making this mistake by going against the crowd but after a thorough research. The records reveal that the 90% crowd is always wrong in picking a winner. That means the losers of the bet are more than the winners. So, by going against the crowd, you might be joining the bandwagon of winners.
- Making a random belief
The mind tends to pick a belief and stick to it when it sees an event happening multiple times. For instance, when the bettors see a black number winning back-to-back multiple times on a Roulette table, they develop a fallacy that the next winner will be the red number and not the black. There is no logic to it. Also, the fact is that the spins in the Roulette table are not programmed this way. Every spin is unique.
The same logic goes in sports betting too. A team may score lots of wins in the previous matches, but that does not mean that it will lose the next one. To overcome this thinking pattern, the bettors need to concentrate on player form and other factors and spot the value in bet. It helps to avoid making a mistake and win money often.
- Betting recklessly
If you have chosen to bet all night long, you already have put your thinking capacity on the spot. Every bet requires analysis and research. So, by overdoing the betting activity, you are compromising on your research and analysis.
Hence, it is better to stay disciplined while betting. Choose the bets that are quite obvious and almost confirmed. By restricting the number of bets made per day, you limit your expenses as well. Thus, you take double advantage by investing on quality bets and limiting the number of bets per day.
- Giving into lucrative offers
Betting or gambling space is not yet fully regulated. Any company or person may start a venture and show rosy picture to the bettors. They can show misleading records and come up with irresistible offers. Giving into such tempting offers is the most common mistake that gamblers make. If you come across the offers like ‘guaranteed win’ or ‘sure win jackpot’, it can be a trap. The best thing to do is ignore these offers and pay attention to regulations followed.
The fake betting sites make use of various gimmicks like enticing cars, beautiful women pictures or unbelievable offers that come with becoming a member. If the bettors decide to go for these, it is certainly a mistake. Thus, paying attention to reputation is the best way to avoid this error.
- Favoritism taking over the reason
Some teams manage to make an impressive media presence. The novice bettors easily give in to backing the teams that have their favorite players or have the names that have big brand value. Portugal is a classic example of such team where Ronaldo has a high brand value, but the team is not so fantastic. So, if to show solidarity towards Ronaldo, a bettor backs Portugal in a match, it is certainly a mistake and can be a big blow to the bankroll.
Betting with head is the only solution to this problem. The bettors have to find what proposition is going to earn them money at the end of the day and follow that strategy. It is how they can limit losses and score more wins.
To conclude,
The experts at footballtipster.net provide sound advice based on in-depth research and experience. If you are prone to making mistakes mentioned above, it is advisable for you to find out what the tipsters have to say. When you research well, bet with discipline and with head, you have already risen above the temptations and taken a sensible route. So, ensure that you are not making the mistakes mentioned above and that will help you bet for long, and more often.