7 betting mistakes you’re making right now

Everyone makes mistakes, but only those who learn from them survive to live another day. It may come as a surprise, but even experienced players fail occasionally. Their failures, however, provide us with an opportunity to improve. In a recent survey, a group of tipsters with a solid track record of winning long-term shared with us the most common mistakes beginners make and how to avoid them. Check out how many of the mistakes you’re making right now:

  1. Not understanding basic strategy. If you bet without a strategy, you’re tossing money out of the window. Yes, you may have struck some beginner’s luck, but to stay for the long run, you should probably devise a strategy. If it seems like a daunting task, there’s a hack. Check out Tipsters Rating and gain insight into the strategies that are already generating profits.
  2. Wagering without Money Management. It is a stock market principle that applies to sports betting as well. Essentially, your higher-risk bets should represent a smaller share of your initial capital. Not to mention that your initial capital should be the money you are ready to lose rather than your savings. This way, you can also manage your expectations by assessing the chances not based on how much money you want to win; but what are the chances of this horse coming first.
  3. Placing bets on too many sports. It may seem like diversification of risks, but it doesn’t work for sports betting, considering you need to do extensive research to know your team’s chances of winning. To repeat this research for ten different sports sounds like a full-time job. If you are not ready for this commitment, better delegate the study to the professional Tipsters and copy their bets automatically.
  4. Ignoring betting history. Although not every bookmaker offers statistics on your completed bets, however, we can’t stress enough how critical it is to keep track of your winnings and losses. All the most successful bettors do it, even if it’s just a table in google sheets. Some apps, like CopyBet, for example, offer statistics not only for their own sportsbook but for the connected Betfair account also.
  5. Following promotions blindly. Each sportsbook has a range of attractive promos to get you into the game, but they will work in your favour only if you approach them with a cool head. Yes, free bets are a risk-free strategy, but it only makes sense if you bet on the outcome you were already going to bet on without the offer. Otherwise, you are lured to spend more money on the events you would rather skip.
  6. Not comparing odds. Keep your eyes open for other bookmakers and review the odds regularly. You can take advantage of the newly opened sportsbooks, which offer better odds to steal customers from the big guys.
  7. Not knowing when to stop. Too many people fall into their own trap when they try to win back after a series of unsuccessful bets. The principle works very simply: one loses concentration and succumbs to emotion. Saving your capital will require strict discipline and recognizing the level of spending below which you cannot go.

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