If you are considering investing in sports betting, you need to know what kind of a sports bettor you are going to be. It may seem simple but there are two very different types of bettors. While both have the same common goal and that is to make money, most people are either recreational sports bettors and then you have serious sports bettors.
The biggest difference between the two is recreational bettors bet more for entertainment as opposed strictly for profit. Many recreational bettors would like to think they are professional but they lack the true discipline it takes to be professional. Recreational bettors want to get rich quick while the professionals know it’s a marathon and not a sprint.
Here are some of the most common mistakes recreational bettors make, see if maybe you fall under one of these categories. Do you…
- You often parlay bets with three or more games
- If you lose, you chase by making your next bet bigger to make up for you loses
- Your betting range always vary per bet
- You always bet your gut and never use analytics
- You like to make your bets when drinking (or under some other influence)
Now those are five of the most common mistakes people make and if you answered “yes” to any of those you need to change something because I doubt you are very successful over the long run with sports betting.
One of the hardest things to do as a sports bettor is evaluate yourself and be honest. The definition of insanity is doing the same thing over and over but expecting different results. You need to have a decent sample size before you can actually evaluate your wagering game so it’s very important to keep a log of everything. If you are wagering online, most sites will have ways of tracking your bets and I recommend studying what is working, as well as what isn’t.
You need to remember that you can flip a coin and be right half the time. So don’t assume that you are destined to be a professional gambler just because you went on a hot streak. You will have your ups and downs and it’s how you are able to handle them that will really define what kind of a bettor you are. While we all want to sweep the board every night, it’s just not going to happen.