Sports betting isn’t easy and should not be considered as a reliable source of additional income. Those who do best are those who realize both its financial and entertainment value and act accordingly. Your average Joe would go completely bankrupt in Vegas. Does this mean that gambling or sports betting is necessarily bad? No, but like anything, it can be abused. In this article we’ll examine three things not to do win venturing into this exciting and financially lucrative new frontier.

Money management

Money management is probably one of the most important disciplines needed in order to be successful in togel online. One of the biggest mistakes bettors make is changing their unit size in accordance with how well, or how poorly they’re performing. It’s important to always realize, never doubled down and risk money because you think you can win. When you’re “colder than a banker’s heart on foreclosure day at the widows’ and orphans’ home” never continue to chase the dragon of financial gain and attempt to win it all back at once Bet the same amount on every game. This is otherwise known as a fixed bet. A great average is 3% per play. For instance, if your initial bankroll is $100, every play you should bet no more than $3. If you’re starting with 1000, never bet more than $30 per play.

Understanding The Nuances Of Recent Trends

Just because a team performed well in a previous game, or even a previous series of games, novice bettors will automatically think it’s a great bet to win. Historically, teams which have been performing well for a series of four or more games are often are overvalued. The oddsmakers know the general public will be likely to bet on them, so they play their hand accordingly. Think about it like this, hypothetically speaking, the Patriots just came off a 21 point blowout win. For the next game, odds makers open The Patriots at -7 , but since they know the general public will bet on the Patriots no matter what, the odds makers open New England at -7.5 or -8. The end result guarantees you get an overpriced, bad wager. Take these things into account before you place your first bet.

Having Realistic Expectations

New bettors usually have unrealistic expectations when they enter the gigantic realm of online sports betting. Everyone wants a lottery ticket, they want a get rich quick scheme. Winning 70% of your bets is unrealistic. Usually anything above 55% is considered fantastic, but most may see wins of only 20 or 30%. It’s important to have realistic expectations when entering the wide world of sports betting. Be sure to keep this point in mind before placing your first bet.

Hopefully these three tips will help you avoid common pitfalls new bettors tend to make. Remember, as Aesop’s ‘Tortoise and the Hare’ teaches us, slow and steady always wins the race. Remember online sports betting can be fun, it can also have a tremendously negative impact on your finances if you let it.