When it comes to sports, nothing can make things more interesting than a wager on the results. However, if you’re new to sports betting, you may be feeling a little worried about making mistakes. To help you with this, we’ve put together a list of some of the top sports betting mistakes, meaning that you’ll be able to avoid them.
Not checking out different deals
Every company will have slightly different odds for the bet you’re hoping to place, which means that you could be losing out if you always just place your bets at the same place. By taking a little bit of time to see what other offers are out there, you could be bagging yourself a little extra prize money at the end of it.
Betting more than you have to lose
Whenever it comes to sports betting Canada, no matter whether that’s on sports or anything else, you should always work on the assumption that you’re going to lose the money. This means that you should only bet using spare money that you can afford to lose, rather than seeing a bet as a way to earn income that you actually need. Doing this means that betting can remain fun, without denting your bank balance in a way that makes you struggle.
Having expectations that are too high
No matter how ‘certain’ a bet seems to be, there’s always a huge amount of luck involved, which means you can never be sure that you’re going to win any particular bet. If you go into it with high expectations, it’ll hit you worse when bets don’t come in – which is what will happen with the vast majority of them. Take it with a pinch of salt, and you’ll enjoy it much more when you do win.
Always placing bets on your own team
Although you might want your team to win all of the time, there’s no team in the world that manages to achieve that. Therefore, it makes no sense to bet on your team winning when you know there’s little chance of it at a particular game. There’s nothing wrong with betting against your team sometimes if they’re not the favourites to win. Not only this, but it can add a little sweetener to the situation when your team lose – as it means you’ve at least won a little money from the situation.
Betting with no information
Blind betting is one of the worst things you can do. Before you place any bet, you should take a look at the teams involved, and make sure you know their true chances of winning the match. This could include if any of their players are injured, or if they’re in the middle of a run of poor form. Being armed with this knowledge will help your bets to be more successful.
Chasing your losses
Losing is never good, but the most important betting tip is that you should never chase a loss. You should take each and every bet as an individual entity, without ever thinking ‘if I win this bet, I’ll win my money back from yesterday, plus a little more. Having this mindset can spiral if you’re having a run of bad luck, whereas by simply writing off any losses you might have, you can move on and simply continue enjoying the sport.