Saturday 22 September 2012

A few simple ways to lose your sports betting bankroll

By Michael Stewards


International sports gambling have exploded in popularity since the launch of the gambling exchanges in 2000. It was always popular, but not at the levels it is today. In the past, due to the limited coverage of sports on television and the long interval in getting results, international sports betting was a bit of a challenge and frustration to punters. Those days, however, are long gone. By making smart bets and practicing safe bankroll management, you can make big profits by betting on sports with very little long run risk. But just because you can win at sports gambling does not mean that you will. There are a lot of common methods for otherwise smart gamblers to lose their bankroll, even if they're good at sports betting. Here are five common methods you might find your bankroll emptying before your very eyes.

Gamble on your favorite sports teams. This one probably kills more hopeful sports bettors than everything else on this list combined. No matter how objective you try to be, you're all the time going to have some feelings for your favorite teams, and these feelings will cloud your mind when it comes times to make smart bets. This doesn't just happen when you are gambling with your team either; even gambling against your team can be an emotional decision - you might think that you will be happy if your team wins, or make a profit even if they lose. Bet all or most of your bankroll on one gamble.

Bankroll management is a critical skill for anyone who really wants to be a long time winner when they gamble on sports. It's easy to feel like you know about a sure thing, and gamble too much on one game. But there are no such thing as a sure thing in sports or betting, and you can ever count on any one individual bet being a winner. Rules vary, but one smart rule of thumb is to never bet more than five% of your bankroll on any one bet, and make most bets lower than that. Get caught up in the hype. We all make that mistake from time to time, but minimizing how often it happens is crucial if you want to be a successful sports bettor. It might be an underdog team that has captivated the public's imagination, or a tennis player or golfer with an inspirational story that makes you want them to win. Sometimes these stories are attached to teams that really are smart bets, but more more than often than not, the public ends up gambling these stories so heavily that you must keep away from them, or even gamble the other way. Separating reality from myth will protect you from making foolish bets that you will regret later.

Bet on sports you have the knowledge nothing about. There are tons of profitable spots for sports that are less popular, but you need to do the same amount of research to to make a profit from these as you do when you're gambling on your main sports. If you have some friend overseas that tells you about a sure win in a cricket match, but you have never seen a game in your life and do not even have the knowledge where to begin to research it, you must stay away.

Stick to what you have the knowledge, and only branch out to betting on other sports when you are ready to put time and work into it. Sports gambling will be the best betting experience. If you are a fan of a sporting event and think that you can predict well in sports betting, you can earn some quick dollars by memorizing these valuable topics.




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