One of the best tips you can acquire as a sports bettor is knowing the things that you should be avoiding when making your bets online. Several things can make your betting experience end up haywire. Luckily, we’ve listed 10 of the most common mistakes that you could avoid the next time you place your wagers.
Mistake #1: Not shopping around
Online betting is a tough and challenging hobby but certainly is a fun one. The more you get exposed to many different online sportsbooks and sports betting sites, the more it will become apparent to you that different bookmakers will offer different things. In particular, they would vary in the odds they offer.
You’ll end up betting on the worst odds if you tend to stick to a single bookmaker without checking other online betting sites.
Mistake #2: Having unrealistic expectations
There’s no such thing as a betting prodigy so always keep your expectations low when it comes to winning or becoming extremely lucky in just one sitting. Sometimes, patience and the right kind of positive attitude are all it takes to enjoy sports betting to the fullest.
Mistake #3: Placing too many bets at once
This is perhaps the most common mistake that many bettors, regardless of skills and experience, could make. Going all-in, while certainly would increase your payout by quite a large margin, would never guarantee you a win. Always wager with a moderate amount of money as much as possible.
Mistake #4: Betting beyond your means
Betting without proper bankroll management means instant death for those who dare to wager without any plans. Additionally, going beyond what you can afford will also give you the same result. Stick to the plan and always keep an eye on your budget.
Always make sure that you only bet with your money that you can afford to lose. Additionally, don’t ever think of borrowing any money just to make up for the loss or you came a bit short on a bet.
Mistake #5: Always picking favorites
It’s always a general rule of thumb to never pick your favorite team. Backing on your favorites will usually result in something rough and undesirable. Additionally, many sports betting online Singapore sites would tend to give favorites less favorable payout just to balance out the bets that would come in for both the favorites and the underdogs.
Mistake #6: Chasing a loss
We all know the feeling of frustration whenever we lose. Bettors are inherently hoping to get back what they’ve lost by chasing after their losses, attempting to bet even more. However, this is something that every bettor should always avoid at all costs.
If you are strictly following your bankroll and genuinely understand the consequences of not following it, this wouldn’t be an issue to you at all anyway. Simply put, never let your emotions get the better of you whenever you lose at any bet.
Mistake #7: Not learning from past mistakes
Time and time again, the worst playing strategy that a bettor can have is not having one at all. Always treat each wager as an opportunity to learn something new and become better. Keep track of all the things that went wrong and improve upon the things that need reworking and close attention.
Mistake #8: Not exploring other markets
Just like the first one on our list, you’d probably be missing out on other sports betting opportunities if you stick to a single market. In football betting, for instance, there are plenty of fun betting markets to discover and they are all profitable, too!
Mistake #9: Betting blind
Coming unprepared is just as bad as not learning from past mistakes. In fact, a bettor should always be on top of his game with all the latest information, details, and updates on the sports team, events, and other current events.
Mistake #10: Ignoring bonuses
It’s easy to overlook the many betting bonuses that some live sportsbook Singapore sites offer to their bettors. This is because bettors who are more accustomed to traditional sportsbooks don’t even know that such betting bonuses exist, in the first place!
In fact, there are many and they are very simple to get. Most of the time, all you have to do is log in on the website and sign up for the promotion, that’s it. You may check out SG88Win for a great selection of sports betting bonuses you can use immediately!