One of the major mistakes that sports bettors make is to put lopsided amount of money on different games. The problem with this approach is that it magnifies losses when the bets on the"sure thing ". To determine the optimal bet amount, use"Kelly Criteria ". A similar investment strategy called dollar cost average, also.
Another common mistake to bank roll gamblers make Fallacy of doubling your Wager after every loss. While this idea may hold the right paper, it's key premise is that gamblers have unlimited funds, we know not to be the case.
Lack of knowledge
A knowledge of a particular sport is not enough to ensure the success of the bettor. For example, to name batting line for the West Indian Cricket team will not guarantee that you are able to have success betting on Cricket.
One of the keys to successful betting is to have time to learn about development, angle and other factors that affect the game. Not only are competing against the bookmaker, but also against other gamblers who pledge their direct impact on your chances.
Betting in his heart
Another common mistake gamblers make is to let emotions affect their betting strategy. Even experienced bettors who spend time learning and development disabilities fall victim to this mistake. The best way to avoid this mistake to bet on sports you not interested in
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