The sport of betting has been around for centuries, with the first recorded bet occurring in ancient Greece. Unfortunately, it is not uncommon for people to make mistakes when betting on sports, whether it be money management, overconfidence, or other common mistakes.
This article will discuss five of the most common rookie mistakes made by novice gamblers, as experienced by the experts. Enjoy!
Betting On Too Many Games At Once
Betting on too many games at once can be a big mistake for novice gamblers, as it is more likely that they will have an emotional reaction to each of the outcomes instead of being able to calm down and think rationally.
This is because each game will have its own prop bets which can be manipulated, and it becomes difficult to properly assign an accurate value to each individual bet.
Betting On Too Many Prop Bets
Prop bets are fun things that you can do while watching games, but they usually come with a high house edge. This means that they are regularly not worth the time or money spent on them, as you will likely lose more than if you simply bet on the actual final score of a game. If you really want to make some interesting bets while watching sports though, then it can be a great idea to bet on the outcome of a game’s first score, as you will usually find great odds.
Betting On Bad Lines
A common mistake made by novice gamblers is to bet on bad lines because they don’t know what to look for when picking games and getting good lines.
This is more common when betting on sports that you are less familiar with, but it can be done even with your favorite team. Always do your research before placing any bets, especially if they’re long term bets like futures or season win total.
Betting Too Big On A Single Outcome
Another rookie mistake made by novice gamblers is betting too much on a single outcome, even if they are confident in their pick. While it can be an exciting feeling to bet big on your favorite team or player, you should never go into the game with the mindset that you need to win this one bet for all of your other bets to be profitable.
This is because betting too much on a single outcome can cause you to feel overconfident and make risky decisions, which will likely cost you money in the long run.
Betting On The Wrong Team/Player Because Of Your Gut Feeling
As mentioned previously, novice gamblers should never go into a game with the mindset that they have to win their bet for them to be profitable. This is because you can still lose money even if your team wins, as a big favorite could easily blow out an inferior opponent and leave you with a point spread loss.
While it’s smart to lean towards teams that have an edge in a given matchup, you should never bet on a team just because of your gut feeling.
This is especially true when betting against the spread, as it can be easy to get caught up in the excitement and rush of watching your favorite team play and inflate their point spread.
We hope you’ve liked the article! Are you looking for more information about sports betting? FreeBets.org.uk is an excellent place to start as they categorise the smallest to the largest welcome incentives in the industry, which will help you getting started.
To conclude the article, we would also like to mention that while some people gamble for fun and enjoyment, others end up spending more than they can afford, or use gambling to distract themselves from everyday problems. This is not healthy and we want to make sure that you know that there’s lots of support available, both online and in case you decide to visit one of the specialized centres. Check out Begambleaware.org for more details. Happy betting!