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Common Betting Mistakes Beginners Make

Common Betting Mistakes Beginners Make

Sports betting is not just a hobby, but also a skill. You need to be able to make the right decisions at the right time – whilst also having a little bit of luck on your side! Beginners to the whole shebang may find a few things confusing – that’s why we’ve written this article, to give beginners a great running start when they hit the bookies!

Whilst there are little things you can do to up your odds – picking a decent bookie, the type of bonus you claim and using sound betting systems – here are the big things beginners should know:

Always shop for the best odds

If you want to make a decent profit from betting on your favourite sports or events, then you want to always be looking for the very best odds possible. Different bookies all over will have odds to similar sports and markets, therefore you should find the bookies with the best odds for the market you’re looking at betting on.

One of the best ways to find good odds is to take a look at the newer betting sites. Because they’re new, they’ll be trying to attract customers, which can mean better odds. The advantages of getting the best odds cannot be stated enough – getting even a small increase in odds can result in much bigger overall payouts over time.

Manage your bankroll

You need to always keep an eye on your bankroll! Not correctly managing your bankroll is an incredibly common mistake – made by both newbies and experts. Before you even place your first bet, you need to learn how to manage your bankroll and set limits – daily, weekly and even monthly. And the most important part is being diligent enough to stick with them!

Also, keep in mind to only bet with disposable income – money you can afford to lose. This will not just help ease your mind, but also plays an important aspect in our next tip:

Never chase your losses

Chasing your losses is when you make a revenge bet to make up for a bet you lose – it’s painfully common. Chasing losses can be an easy way to run through your bankroll and pile up more losses, which can lead to problems. 

This simple fact is the reason good bankroll management and only playing with disposable income is vital – you don’t want to be stressing over every loss!

Bet whilst sober

Something people don’t really realise is the impact alcohol can have on your decision-making when it comes to placing bets. It can lead to errors, even small ones such as accidentally picking the wrong market or betting just a little too much.

That’s why it’s always recommended to place your bets when you’re in a sober state and if you’re doing in-game plays, don’t drink during the game.

Don’t bet on sports you don’t know

Whilst it may seem rather simple advice on the surface, many people make this mistake! They see decent odds or an offer on a market that they don’t have a clue about and rush head first to place a bet.

Whether it’s the Premier League, Netball or even drone racing, only place well-researched bets on the sports and markets you know. You’ll have a small advantage, since you know the teams and the sport, instead of going in blind with a wild bet!

Trying to win huge accas

‘Accas’ or accumulators can be a quick ticket to some huge money. These multiple bets have become incredibly common in recent years, with people placing wild accumulators with massive odds. 

They can be a good way to win big from a small bet – but the risk is massive. Having to get 10 results to come in is a long shot, so make sure you’re sticking to reasonable acca’s with only a few different results. Even if the winnings are lower, it’s better to win a smaller amount than throw away a full bet over one result not coming in.

Only bet on reputable sites

Finally, only ever use a reputable bookie – whether that’s online or in person. Do your research on the bookie and make sure they’re fully licensed, secure and have great reviews. You don’t want to have an amazing result come in and then not be able to cash out your winnings!

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