No one likes making mistakes, especially when they cost them money. Errors can be costly in the world of sports betting. Even the slightest error can distinguish between a good day or one that makes you cry. Check out the best bookmakers for betting on sports!
We are here to help. This guide is intended to help you avoid these common pitfalls. These mistakes are so common because so many people struggle with them.
These are the most common mistakes in sports betting that we see all the time. To avoid making these mistakes, do what you can to ensure you don’t get swept away like so many others. Notes are a good idea. Take your time.
Check out the top sportsbooks for betting on sports
First deposit only | 21+ & located in CO, MI, VA | Promo code EXTRA200| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly – Gambling Problem? VA: CALL 1-888-532-3500, CO: CALL 1-800-522-4700, MI: CALL 1-800-270-7117 | Full T&C apply
Let’s look at a fun scenario. Suppose you decide to place a wager on Alabama winning the SEC Championship by more than 2 1/2 (+2 1/2). You can lose your bets the most by not checking your betting slip.
With one second remaining on the clock, the game is tied, and the Crimson Tide are at the 16-yard line. The Tide line up and snaps the ball. It’s good! Alabama wins by three and covers the spread. The agent tells you that this ticket is a loser. What? The agent misunderstood you as you placed your bet and entered a bet against the other team. Despite your intention to bet on the Tide, you set a bet against them. It happens when betting on apps also. I won a bet once because I bet on the wrong team, and it paid off. But I also did the exact opposite once and lost my ass when I should have won.
You lost your winning bet because you didn’t verify your ticket. This is a common problem in brick-and-mortar casinos but can also happen online. Online betting can lead to you accidentally clicking the wrong bet or playing the wrong game. It happens more often than you think.
This is simple to fix. Before and after you place your bets, make sure to check your betting slips. You should always check your ticket before leaving the counter if you are betting in person. Online betting requires verifying your ticket before clicking “confirm”. Notify someone immediately if something is wrong, and they will take care of it. Please don’t wait for them to fix it later. We can guarantee that this is not going to be the case.
Check out Fan Duel Sportsbook
Parlays lose value
Did you know that parlaying most of your bets can result in you giving up some value to the sportsbook? This concession is more evident in a brick-and-mortar environment but can also be made online.
These are the actual odds. The sportsbooks won’t give them to you. They shave a bit of value to make it look smaller because the payout is already much more significant for a smaller bet.
This is crucial to remember if you want to be a long-term sports bettor. You shouldn’t sacrifice value just to get parlays (or any other flashy thing). Do you think this means that parlays should be avoided? You don’t have to avoid parlays, but you must be aware of the situation. Check out the top new sportsbooks for betting on sports!
Online parlays are the best way to bet. Brick-and-mortar betting shops make too much, so it is not worth sacrificing that much value. This trick will solve the problem. It will allow you to place parlays whenever and wherever you want. These are some tips and tricks that will help you solve the problem.
You should ensure you are not placing a bet on your card with odds of (-110). Why? Sportsbooks pay their parlays using a chart that already shows the odds. This chart shows them what they should pay for a 2-teamer, 3-teamer and so on. The chart works only if all bets are (-110). The whole system is affected if you place a bet (-115) or (+120). Instead, the sportsbook must calculate the true odds and then use them.
The bottom line is that you should include one bet that’s not (-110), so your parlay will pay at true odds. Make sure you place a wise wager. Do not place a bet that you don’t like to receive a slightly higher payout.
Check out Draft Kings Sportsbook
Sports Bonus
92/100
Sports Bonus
92/100
20% up to $1000
Deposit Bonus
|
T&Cs apply, 21+
Get Bonus
Use of the Wrong Stats
Using historical data and stats is wise to help you make predictions. Nothing is more neutral than hard facts. There are some issues when using stats to help you make sports betting decisions. To help you avoid these pitfalls.
Suppose the Cincinnati Reds win every game that is played when the temperature drops below 81 degrees. This stat is nice, but it’s not going to help you. You’re only looking at a coincidence that sounds quite cool. That’s an example of using a wrong stat.
Also, ensure that the statistics you use are accurate. It doesn’t mean that the stats you use on an online site are accurate or genuine just because it’s online. Sports betting mistakes are common. You might misspell one number and get a completely different view of a game. Make sure you do your research and verify the accuracy of the numbers. You can find many resources online that will double or triple-check your numbers.
First deposit only | 21+ & located in CO, MI, VA | Promo code EXTRA200| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly – Gambling Problem? VA: CALL 1-888-532-3500, CO: CALL 1-800-522-4700, MI: CALL 1-800-270-7117 | Full T&C apply
This may be the worst mistake all bettors make because it is so important to understand this terrible idea. Under no circumstances do NOT chase your losses.
People often look at me with a lopsided grin when we mention it because they think they know better. Most people know better. The problems begin when you get caught up in the moment. You’re tired and down when it’s too late. You convince yourself to place bets that you wouldn’t usually make or increase the size of your wagers to get back on track.
Stop doing it. It may work once. It might even work twice. It will eventually catch up to you, and it will be devastating. You will find yourself in a very deep hole and need to work hard to escape. You might be tempted even more to try and chase, which kills many sports betting careers.
Don’t chase down losses. Sports betting is a marathon, not a sprint. Check out the top sports betting sites!
Starting Your Career Too Fast
Although you may have placed some bets in the past, you are probably new to gambling on sports and want to improve your game. Let’s not forget the old cliche that betting on sports is a marathon and not a sprint. This guide is likely to be your first introduction to betting on sports.
We commend you for taking this step. You’re likely to reap some fantastic dividends. We want you to know one thing. Slow down. It is tempting to grab all the information available and make big bets about every bit of value that you see. This approach is risky, and it might work.
The trend of betting on sports will not change for the foreseeable future. It’s growing, so the opportunities for betting on sports will continue to increase. Take it slow. Get your feet wet. It would be best if you started at the bottom. There will be mistakes in sports betting, and you’ll have to learn from them. It happens to all of us and is part of the learning process.
These mistakes do not have to be costly. It won’t harm your chances of success in sports betting if you take it slow.
There are two key takeaways: sports betting isn’t going away anytime soon, and sports betting should be a marathon, not a sprint. You can write it on paper if you feel the need.
First deposit only | 21+ & located in CO, MI, VA | Promo code EXTRA200| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly – Gambling Problem? VA: CALL 1-888-532-3500, CO: CALL 1-800-522-4700, MI: CALL 1-800-270-7117 | Full T&C apply
The world’s best sports betting experts don’t win 70% or 80% of their bets. It’s closer to 60%. That is crushing it! You shouldn’t expect to be the one who destroys the world out of the gate. These are the top people in the world, and we’re talking about them.
It’s possible to make a lot of cash betting on sports, but it will be slow going. Although it will go up and down, the long-term goal is to create a steady, nice profit. This is what you should be prepared for. Don’t think about double your money and going crazy every day you place a bet. It’s a slow crawl, or at least it should. Anything beyond this is not sustainable.
This is not a way to ruin your dreams. We want you to be successful and make lots of money in sports betting. We want you to have realistic expectations. Expect the slow grind. The big wins will feel more rewarding, and the worst days won’t be as painful.
Betting while you’re drunk or emotional
(burp).” This is probably what you are saying—being drunk and emotional while betting is a sure way to go broke. You will be able to place bets that you wouldn’t typically make, and at amounts you won’t be comfortable with. It may sound fun, but it can cause problems.
Do you think it is difficult to avoid losing your money? You won’t believe how difficult it is to keep your losses from accumulating. You will feel invincible, and you’ll make the worst decisions that you will ever regret.
It would help if you didn’t dwell on it all day. Mixing betting on sports with drinking is a risky business. Alcohol can quickly transform a calculated profession into straight betting. If you are serious about your success, you will set the conditions you need to protect yourself and make sacrifices to safeguard your career in sports betting. Decide what is important to you, and then act accordingly.
First deposit only | 21+ & located in CO, MI, VA | Promo code EXTRA200| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly – Gambling Problem? VA: CALL 1-888-532-3500, CO: CALL 1-800-522-4700, MI: CALL 1-800-270-7117 | Full T&C apply
You can bet on every game, but you will lose your ass.
Remember our advice about starting your career slowly? This is not a tip that you should use for the first day. This tip should be used throughout your entire sports betting career. We are referring specifically to the percentage of your chosen game slate you will bet on. Most people will pick their games individually. Each game will be analyzed, and you’ll decide if there is any value.
Here are the facts. Each game may not have the same value. If you’re betting on every game, it is a sign that you are not doing the right thing. Don’t bet on games that you don’t find value. This could mean that you don’t bet on primetime games. If you need to get sweaty, make a $5 prop wager on it.
While it may be tempting to make more money playing, you will only increase your losses. You’ll eventually lose your money to the house.
First deposit only | 21+ & located in CO, MI, VA | Promo code EXTRA200| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500, CO: CALL 1-800-522-4700, MI: CALL 1-800-270-7117 | Full T&C apply
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
Move to Top
Close
Our Sports Pros recommend these awesome Social Casino sites this week:
