6 Things Not to Do if You Want to Make Money With Sports Betting

 article about 6 Things Not to Do if You Want to Make Money With Sports Betting
2018-05-14 04:46:31
Lots of people are doing the dumbest things when betting, especially those people who treat sports betting as a hobby not an investment opportunity. But if you're not one of them, you shouldn't do the same mistakes they are doing.

1. Sports betting is NOT a Get-Rich-Quick opportunity

Easy money is something you might be after but sports betting is no different from paying in stock market. There's no quick and easy money, it all takes time. That's also why many scams work - because of the greed of people. If it sounds like a miracle, it's most likely not a miracle but a scam.

2. Not Understanding Value

Before placing a bet you need to think whether the bet actually has potential to produce any value. If you bet on a favorite, you might have a good chance to win, but the return you might be getting from there could extremely low and wouldn't justify the bet especially as you might actually lose (although the odds of that might be low).

3. Betting with accumulators

What's an accumulator? It's a bet that combines four or more bets into a single wager. You can win with that if ALL of the bets win. Although betting just $2 on 30 underdogs could win you thousands, the chance of that happening is extremely low and is almost always making money for the bookmakers. It's more of a lottery not betting investment.

4. Not tracking your bets

You need to be tracking your bets to know your edge, to know your ROI, to know which tipsters produce the best results, and so on.

5. Using scared money

Only bet with money you CAN afford to lose. Never use your food or rent money for betting. It's so called scared money, money you're afraid of losing, and you end up doing stupid decision with it. Or even if you're not doing stupid things with it, you still shouldn't be using it for betting. It's plain bad idea.

6. Not looking for the best odds

While you migth love one bookmaker the best, be it BwinCom Sports Betting, Cloudbet or anything else, you need to have accounts on different sites to make sure than when you do place a bet on something you would get the best possible odds. Using multiple bookies is a must.




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