It’s a widely known concept that the vast majority of sports punters are going to lose money. The most popular is that 98-percent of sports punters will lose money over the course of the year, but that doesn’t stop people from wagering on sports. When those punters eventually go broke and cannot wager any more, there’s always somebody else waiting to take their place in line.
Money Management
The number one reason most sports gamblers lose isn’t because of poor picks, but instead is because of poor money management. There are far more bettors who can pick winners than there are who can make money, and money management is the key. Betting EUR 100 on one game and EUR 1000 on another is a sure way to find yourself separated from your cash in the long run, just as betting 30-percent of your bankroll on one game will ultimately lead disaster. A sports bettor may win a few games when betting more than they should, but eventually the loss, or losses, will come and the bettors ends up in trouble. Doubling up after wins or losses is another recipe for disaster, and is a common mistake many bettors make, including those who have been betting for many years.
Betting on the Wrong Events
It’s no secret that soccer and baseball are the two sports that receive the majority of the betting money, just as it’s no secret that most long-time sports bettors will say those are probably the two toughest sports to show a long-term profit in. A sports bettors doesn’t have to particularly like the sport he is betting on. As long as they like money.
Lack of Knowledge
Most sports bettors know just enough to make them dangerous, as there is a great deal of difference between being knowledgeable in tsoccer and being knowledgeable in soccer betting. Being able to name the starting offensive line for the Real Madrid isn’t likely to help a person win a bet. What many sports bettors don’t realize is that they’re actually competing against other bettors who spend countless hours on handicapping, studying trends, injuries, and betting angles. If you don’t have the time to study the games try to find somebody who does, whether it be on a posting forum, a reputable sports service, etc., but don’t assume you know more than everyone else.
Betting Too Many TV Games
There are a large number of sports bettors who feel if a game is televised, it’s their duty to have a wager on the contest. While this didn’t create much of a problem years ago, there are so many games televised now, that bettors can easily have seven or eight wagers on a single night, and even more on the weekend. Typically, the lines are the sharpest on televised games, as the oddsmakers and sportsbooks realize that those games will be bet the heaviest. If you have to have a wager on every televised game, those bets should be much smaller than your typical bets, somewhere around one-fourth of the amount.
Casino Betting
This is a relatively new one for sports bettors to deal with, as many online sportsbooks now have casino-style gaming, which is too much for some sports bettors, including some very good sports bettors, to walk away from. There are more than one solid sports bettor who will generally show a profit each week, but give that money back, plus a little extra, playing the casino games their sportsbooks offer. If this is a problem for you try e-mailing the sportsbook and ask them to block you from their casino.
There isn’t any one key to becoming a winning sports bettor, but those who practice money management, put in some time, and practice discipline, are generally a step above the majority of bettors.
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