News

#Sports bettors will want to remember these four keys when wagering

“Sports bettors will want to remember these four keys when wagering”

Sometimes in sports betting, we need to worry about what not to do, instead of just trying to pick winners.

Here are four things to avoid as the sports calendar heats up in March.

1. Changing unit size

Money management may be the most important discipline needed to be a successful sports bettor. One of the worst things bettors can do is change their unit size based on how well or how poorly they’re doing. When you’re hot, never double down and risk more because you’re overconfident. When you’re cold, never chase and try to win it all back in one fell swoop.

Instead, we encourage bettors to embrace a flat-betting approach. This means betting the same amount on every game. If you have a $2,000 bankroll, betting 1 percent (so $20) is a fine approach.


Caesars Sportsbook Logo Square

Get up to $1100 in first bet insurance

New users only, 21 or older. NY, CO, DC, IA, IN, IL, MI, NV, NJ, PA, TN, VA, WV only. Full T&Cs apply.


FanDuel Logo Square

Bet $5 on any March Madness moneyline, Get $150 free bets win or lose

21+. New customers only. NY, AZ, CO, CT, IA, IL, IN, MI, NJ, PA, TN, VA, WV only. T&C apply


The BetMGM Logo

Claim a Risk-Free First Bet up to $1,000

New customers only. Must be 21+. AZ, CO, IA, IL, IN, LA, MI, NJ, NY, PA, TN, VA, WV, WY only. Full T&C apply.


The PointsBet Logo

Get two Risk-Free Bets up to $2,000

New players only, 21 or older. Available in CO, IA, IL, IN, MI, NJ, NY, PA, VA, WV only. Full T&C apply.


The BetRivers Logo

100% First Deposit Match up to $250 with promo code NYPBONUS

New players only, 21+. AZ, CO, IL, IN, LA, MI, NY, PA, VA, WV only. In order to participate in this promotion, the player needs to make a first deposit (of at least $10). Full T&C apply.


The WynnBet Logo

Bet $10 Get $200 in Free Bets

21+. New customers only. NY, AZ, CO, CT, IA, IL, IN, MI, NJ, PA, TN, VA, WV only. T&C apply

A flat-betting approach will save bettors from going bankrupt when they hit an inevitable tough stretch. It will also provide bettors with a positive return on investment (ROI) when doing well.

2. Overreacting to recent trends

If a team looked great the previous game, or if it’s riding a four-game winning streak, novice bettors will automatically want to bet on it, simply because it’s playing well. Conversely, if a team just got blown out by 20 points or is on a five-game losing streak, novice bettors will automatically fade them.

But that’s a mistake. Historically, teams coming off a win are overvalued. The market may overvalue those teams.


Betting on March Madness 2022?


For example, say Purdue just came off a 21-point blowout win. The next game, the oddsmakers might have a true opener of Purdue -3, but since they know the public will take Purdue no matter what, they open -3.5 or -4. As a result, you are getting an overpriced and bad number.

This is why we generally encourage bettors to buy on bad news and sell on good news.

3. Gambler’s Fallacy

Gambler’s Fallacy is the belief that if something happens more often than normal in a period of time, it will happen less frequently in the future. For example, say you walk up to a roulette table and see that a black number has hit the past 10 spins. Your first thought might be to bet on red because it hasn’t happened in a while and it’s “due.”

But this logic is flawed: Every spin of the roulette wheel is made independent of past spins. The same theory applies to sports. If the Cubs lose the first two games of a three-game series to the Padres, it doesn’t mean they’re guaranteed to win the third game.

4. Too many plays

Bettors love to bet, but betting just for the sake of having action is never a good thing. Betting 10 or 15 games per night is dangerous. You are taking on massive risk, and one bad night can decimate your bankroll. Instead, bettors should stay disciplined and limit their plays to their most confident games of the day. You can never lose a bet you don’t make.

If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.

For forums sites go to Forum.BuradaBiliyorum.Com

If you want to read more News articles, you can visit our News category.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Please allow ads on our site

Please consider supporting us by disabling your ad blocker!