How to avoid the biggest betting mistakes

Impatience and lack of preparation: in sports betting, often the same mistakes rob bettors of credit. COMPUTER BILD explains what it is and lists simple strategies to avoid the biggest mistakes.

Sports betting is a profitable business. Most of them turn over millions of euros year after year and make a decent profit from their bets. But there are also ways in which players can gradually increase their credit. Some experts even believe that you can systematically make money on sports betting. In any case, there is a lot in common in what mistakes should be urgently avoided, and not only for beginners. 

Sports betting: the most common mistakes

Ultimately, lost sports bets cause the credit in the betting account to melt away and eventually disappear completely. Since there is no patented recipe for winning sports betting, the main thing is not to make mistakes. Increase your chances! Here is an overview of the most common mistakes that can quickly cost players a loan:

• Wrong Bets
• Poor bankroll management
• impatience
• Lack of preparation

How to avoid the most common mistakes

Again, there are safer investment strategies than sports betting. Even the most experienced player can lose a significant part of his bankroll due to a series of failures. Below you will find tips and tricks on how to minimize these mistakes as much as possible. And then you can test them in practice at the best Vietnam sport betting.

Incorrect Bets

Before registering on the betting portal, it is recommended that you familiarize yourself with the existing offer. On the one hand, this refers to bonus betting programs that various sports betting portals offer. On the other hand, it is about comparing odds with each other. Basically, it rarely happens that a team that is a clear underdog on one betting portal is listed with a favorite quote on another. However, there may be minor differences. Therefore, bettors should compare the offered odds before placing a bet and choose the most profitable provider accordingly. This does not reduce the loss if the forecast is incorrect, but increases the profit if the forecast is correct.

Poor bankroll management

Players call bankroll management the design of their betting bets. Professionals are guided by a value of 1.5 to 2.5 percent. This means: with each bet, they use a maximum of 1.5 to 2.5 percent of their credit. A €1.50 bet sounds marginal on a €100 budget, but this strategy can pay off in the long run as it helps cut losses. Equally, of course, the payoffs are limited. Some bettors have also been successful with 5 percent shares. More important than the specific value, however, is the obligation to always select rates based on available credit. Otherwise, after a series of losing bets, players will quickly move on to the all-in game: risking everything on one bet. While this may work, it eliminates the strategic approach from the procedure. Sports betting is finally becoming a matter of luck.

Impatience

Mistakes two and three often go together. All sports betting strategies are aimed at long-term success. Short-term profits can be a tempting prospect. To succeed over a longer period of time, such as a tournament like the 2022 World Cup (November 21 to December 18 in Qatar), players need not only strict bankroll management but above all patience. If you keep your cool after losing three or four bets in a row and reduce your bets accordingly, you can make a profit in the long run.

Lack of Preparation

This brings us straight to source number four. In their commercials, sports betting providers often rely on the instincts of their customers. According to the motto: With the right nose, you can make a lot of money on sports betting. This is only partly true. Most betting professionals who make money from sports betting act strategically, not impulsively.

Of course, now you know what mistakes to avoid in sports betting. But this information will be incomplete until you learn about effective sports betting strategies. Read about the best techniques of 2023 at the link!