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.
Sometimes in sports betting, we need to worry about what not to do, instead of just trying to pick winners.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 is a fine approach.New users only, 21 or older. NY, CO, DC, IA, IN, IL, MI, NV, NJ, PA, TN, VA, WV only. Full T&Cs apply.21+. New customers only. NY, AZ, CO, CT, IA, IL, IN, MI, NJ, PA, TN, VA, WV only. T&C applyNew customers only. Must be 21+. AZ, CO, IA, IL, IN, LA, MI, NJ, NY, PA, TN, VA, WV, WY only. Full 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 when doing well.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.
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