Creating a profitable strategy in sports betting is a very challenging and time consuming task. Plus, you usually don’t have enough resources to pull it off, let alone guide you.
That’s why it’s only natural to make mistakes along the way. That’s the reality and you can’t have anyone spoon-feeding you all the things you need to make your profitable betting strategy.
That’s why in this blog post, we’ll help you come up with your own profitable betting strategy with as few flaws as possible by listing the 6 common mistakes sports bettors make.
Not testing your plan
Coming up with betting theories are great and all, but to work out the best strategy, you need to test it for real.
You will inevitably have to go through problems and it’s only a natural experience. That’s why we emphasize that you should test it out.
Assuming too much from data
This goes well with the first mistake because it’s pretty much the same. You’re assuming too much from the data you’ve collected that you’re not trying to prove them.
You’re just putting your everything into it that you’ll end up losing them. Instead of relying on data, why not rely on other things as well, such as tipsters?
Abusing the averages
Statistics are often displayed as the averages of their research. You’ll find that a lot of sports bettors rely on these statistics. Here’s an example:
If a team is winning 60.7% of their games, will they have a 60.7% chance of winning in their next game? Whether you like it or not, the answer will be no.
Not considering the changes over time
This is already a noteworthy mistake that many people make. The values and figures that you’re seeing now is not necessarily what you’ll be seeing after a couple of days, weeks, or months.
They will change and you have to compensate for this change through predictions. If you can’t do that, then you might as well be betting on past matches.
Relying too much on statistics
Another characteristic of statistics is that they are readily available.
So the question is, if statistics are as powerful as you think that they’ll guarantee your winnings, why is it accessible to many people? Won’t that result to bankruptcy of brokerages?
There are flaws in these thinking and you should never make the same mistake as many people make.
Whenever you make losses, there’s a tendency that emotion will get to you and you will try forcing a win. If that happens, you won’t be getting that win and instead have the opposite effect.
Since we’re talking about that already, you should note that getting overwhelmed by emotions won’t get you anywhere. In fact, it might even lead to your downfall.
If you’ve been making these mistakes, then you should stop. Not only will it decrease your chances of winning, but it might also lead to your strategies being ineffective, regardless of how effective it originally was.