Sports betting can be a fun and exciting hobby. It can also be a great way to make some extra money. Following a few important tips and avoiding some common mistakes are the keys to success.
The first mistake people make is betting on too many games. To be a successful bettor over the long haul, showing patience and being selective are two of the most desirable attributes. Betting on less than 20% of the games during a particular season is ideal. Even 20% is a little high but keeping your betting habits under that number is vital to success.
Another common mistake is people bet on their favorite team. This doesn’t usually work because people hold their team in a higher regard than they should and higher than the rest of the league does. This bias leads to poor betting choices as people often put money on their team when they know its going to be a difficult game. When they know their team is probably going to lose, they never bet against them. A good rule to go by is if you can’t bet against a team, don’t bet for them. It’s a conflict of interest that costs bettors money everyday.
The best advice I can give is to do your research. Betting should be viewed as taking a final exam in college. You have to study hard and study a lot. The more time you put into the decision the more informed and successful that decision will be. Start your research by looking at team records, where the game is played, how the teams fare against each other, injury reports and the teams schedule leading up to the game. This is a good place to start.