The long-term success story of sports betting shows that very few players succeed, and it takes a combination of factors. First you find a reputable bookmaker, then you need to excel in the different components and areas so that the entire system can derive monetary and moral satisfaction from the activity. Obviously, striking this balance takes a lot of experience. Beginners make too many mistakes. And even if there are successful periods, almost none of them can maintain a stable growth pattern for a long time. In this article, we will point out the top 7 mistakes that seriously affect the betting results of many newbies. By eliminating these dots, and practicing hard at them, you will make great strides in the world of sports betting.
Lack Of Goals
Paradoxically, a large proportion of betting failures are due to a lack of setting specific financial goals. It turns out that the player bets small amounts of money available, expecting to win an abstractly large sum. This often leads to rolling in huge expresses and other ridiculous “strategies”. If things are not so radical, other highly dubious gambling schemes are used.
With professional players, the picture is different. They have a global goal. A profit target, which the shooter wants to reach during a long enough interval of distance. Usually, one sports season may be taken as such a measure. Particularly advanced masters manage to plan for several seasons. The key to success is not just to set such a goal, but to be able to play several years without disruption, following the intended scheme. A big goal is subdivided into shorter, local segments. Someone measures 1-3 months, someone prefers to count a distance of 100, 200 or 500 stakes. Whichever is more convenient, depending on the selected financial and gambling strategies.
For example, the local goal is +25% profit to the bank for two months. Global goal for 3 seasons – increase the original bank by 21 times. Buy something meaningful for 20 parts, and use the remainder, in the form of the original bank, to set new goals. Of course, all this very much depends on the initial amount the bettor has and is ready to risk. But there is no way without it. Nothing good is going to happen without setting realistic and achievable betting goals. When there is a local goal for the time period, the player compares the obtained result with the figures of the plan. There are marks against which one can compare one’s achievements. It becomes clear whether the result was lower than the plan, reached the target, or exceeded it. By going deeper into the analysis, it is easy to identify how the playing and financial strategies used contributed to or hindered the achievement of the goal. This is where the groundwork for optimisation lies. What works – build on it, what doesn’t work – discard it. When there is neither a local nor a global objective, the player bets chaotically and does not achieve a result. First of all, because it is not clear what the result is, if it is not spelled out, not expressed numerically in the game plan. So set goals in your betting!
Financial Turmoil
Once the goals have been set, there are a number of other parameters to figure out for the future game scheme. An estimate of the starting pot is required. Based on the difference between the starting amount and the target amount at the finish line, the player considers how to achieve this growth. It’s clear that having 1,000 roubles behind your back and setting a goal of 1,000,000 in 1 week puts the player in an untenable position. Therefore, the separation of financial planning from goal-setting was made artificially to emphasize its importance. In practice, the bettor’s task is to link three parameters into a single plan:
- Start amount (initial pot);
- The target amount (final pot);
- The length of the gambling stretch (in months or number of bets).
Obviously, the bigger the difference between the starting sum and the target sum and the smaller the time frame, the harder it is to reach the goal. So you need to be realistic and put adequate figures into your plan.
When the distance and the required growth are clear and specified, the potential range of financial strategies that will allow you to achieve the required result is immediately outlined. We have devoted a whole section of our website to financial strategies of bank management and growth. So here we will not go into details. What we will say is that you should choose the most conservative and safest financial strategy of all suitable ones.
With the emergence of such a clear scheme of play, unclear jumps in the amount of bets disappear from the bettor’s practice, no more runs “va-bank”, on luck. From now on, all actions are clearly regulated and an element of creativity remains only in the process of selecting matches and specific bets.
Bet Everything (Requires Bet)
A big problem for many unorganised bettors is a perceived rush to get things done. They think that if they let 1-2 days go by without betting, their hope of enriching themselves through betting will collapse. There is a link here with gambling addiction, a gambling addiction. You have to keep betting and waiting for the money to come in. If suitable sporting events were taking place all the time, there might not be a problem of picking the best ones and not stopping moving towards your goals for long periods of time. However, the reality is that every sport has a cycle. There is the active season and the breaks, the off-season. Games usually do not take place on all days in a row. In football, for instance, domestic league games are usually played on weekends, while midweek games are played in European cups, domestic cup competitions and other ancillary tournaments.
It turns out that at least 2-3 days a week there are no worthwhile games to bet on. Addicted to the game ludoman begins “withdrawal” and go to the course are betting on everything. In addition to the sport in which the player understands, begin to connect the other, where he is not too knowledgeable. For example, hockey, tennis, basketball or even American football and baseball are added to football specialization.
Or another pattern of behaviour – switching to all sorts of “left wing” Asian and African championships, played on non-conventional days.
Naturally, this behaviour leads to losses. Only bet on one sport you know how to play. You should also limit the number of leagues and tournaments you follow and where you bet. Narrowing down the focus allows you to better understand the way teams play, so that you can bet more precisely and intelligently. Spreading the focus will have exactly the opposite effect. Untrained bets will be made on strange leagues, strange games, where a lot of nuances disappear from the view of the prognosticator. Failure is guaranteed.
The important thing to remember is that no one is chasing you. No one is standing with a gun to your head and not forcing you to bet. You need to be able to stop and switch to some other activity when the days of activity in your sport pass. Remember that it is always possible not to put in. It’s just your decision. Moreover, if there are no good options, you don’t have to bet on the ones that are. Choosing the best of the worst won’t do you any good in terms of reaching your goal.
Overconfidence In Statistics
Another scourge of novice and not-so-sophisticated bettors is the over-focus on statistics. Clearly, apart from statistics on past matches, there is not much information available to make predictions on future games. But getting hung up on statistics is a mistake.
You have to understand that every game is unique. It is the future when it comes to pre-match play and the present when it comes to in-play betting. Just as you cannot step twice into the same river, you cannot predict the outcome of a future sporting event based on past results. It is only possible to trace trends from past games and try to interpret them into a prediction based on news and other factors.
The motivation, stage of the tournament, presence of all the best players on the field and their sports form and physical condition have a strong influence on the outcome. It is clear that all these points have been different for different games in the past, and many players are just misjudging the statistics.
In practice, trying to put all your past experience and past performance into a prediction for a future match, only leads to a failure over a distance. So don’t trust statistics too much in your predictions. Do a deeper analysis. Try to present the result more in terms of form, motivation and the news background around the team, rather than just prolonging trends from stats and thinking they will continue in this game. Statistics are just an additional tool to consolidate or cast doubt on a prediction for a future match formed under the influence of other information.
False Theories
Betting “kitchen” is filled with many misconceptions. The bookmakers themselves introduce many errors into the minds of the gamblers’ mainstream. Something players themselves breed out of ignorance. In the field of betting, many references are made to probability theory. Often though, the odds in the betting line are just a speculative indicator, no better and no worse than the quotes on the stock exchange. It is only possible and legitimate to link probability and odds inversely, but not directly.
Trite, writing the odds as fractions is only a convenient form. The player can estimate the probability of the outcome, comparing it with that given by the odds. Seeing that the odds are higher than they could be – the bettor flirts with the betting strategy of “betting in earnest”. It is a sensible action to take advantage of the line. However, when the opposite claim goes, supposedly the odds reflect some real probability of the outcome – this does not stand up to scrutiny.
The theories are actively circulating, as if the bets made by the player are random events and their normal distribution is achieved over the long run. It turns out that the drawdown will be obtained only because of the margin. And to win you have to choose the same valued odds, with an edge. Again, over-betting and skewing. Yes, betting on overvalued odds is great. But the rest of the theory is false. From the fact that the odds don’t reflect actual probability, to the fact that bets are not random events. And as you know, probability theory only operates with such quantities. Hence, its application in this sphere is far-fetched, and mathematically insignificant and erroneous. Nevertheless, many gamblers believe that they can make it to the top at the expense of the margin and get into the black by breaking a certain long distance. Fools! Firstly, even if the theory were correct, the surplus would be negligible, given the years spent on betting. Secondly, there is no normal distribution and the whole thing can be thrown in the bin.
Win-Win Strategy
Myths about win-win strategies also circulate in the media space. They can be about financial algorithms as well as purely gambling schemes. Bookmakers themselves, through controlled websites, slip the myth about win-win financial strategy Martingale and other progressive schemes to uninformed newcomers. We have talked in detail about the weaknesses of long-play betting in separate lengthy articles on this topic. So, take a look at them. But note that there is no such thing as a “win-win” strategy. It all depends on how creatively we choose the matches. Someone makes a winning streak of 30-40 losing bets in a row, and someone makes a winning streak with his knowledge and experience. Naturally, no bank can withstand that. Especially when using progressive financial strategies that “eat up” the deposit many times faster than even strategies.
Eager To Recover Costs As Quickly As Possible
Surely every bettor has experienced bad stretches when the best predictions do not come true. And that’s where many are let down by the lack of discipline or the original plan itself. When you have a goal, a plan and a strategy tailored to it, there is no need to make any spontaneous movements in case of a local loss. But since many players do not have a plan or a clear plan, they often lose heart and place ill-considered bets. They often fail to follow a financial plan and go all-in on their bets. This is all driven by a desire to win back here and now. Such impulses must be quelled, otherwise long-term betting success will not be possible.
Hazardous Goods and Risks
Betting on sports is a high-risk area. The key here is the unpredictability of sports as such. Also, an important nuance is that the player himself cannot influence the outcome of a sporting event. After all, very different people enter the field. And what they have in their heads, what their shape and morale are, only they know. So, success in betting is achieved by those who minimize the risks, not increase them.
As has been said, the field is risky as it is. One should not make things worse, but do everything to reduce the risks. One of the leading places in sports betting is gambling. For some, it replaces the very purpose of the game. But for sensible people who are pursuing purely financial interests, and doing it sensibly, gambling is the enemy. You need to suppress that feeling and act in the most pragmatic and disciplined manner, according to a previously made plan. Gambling, on the other hand, is always trying to lead the player astray, to force a mistake or a rash action. This needs to be known, understood and controlled.
conclusion
In summary, achieving long-term success in sports betting requires a combination of various factors, including finding a reliable bookmaker and excelling in different aspects. To accomplish this goal, it is necessary to accumulate a wealth of experience. Beginners are prone to make many mistakes and struggle to maintain stable growth for an extended period. By understanding and avoiding these common errors, and diligently practicing in relevant areas, you can expect to make significant progress in the world of sports betting.
