When it comes to the growing sports betting industry, making NBA picks always seems to be a top and popular option. Football is another popular sport to wager on, and that sport provides some great betting options as well.
There is a chance to win some money when betting on sports, but there is also a chance to make a big mistake. There are some common mistakes that are made in this industry, and those mistakes end up costing bettors some serious money.
The next time that you go to make a wager on a sporting event, be sure to avoid these mistakes to give yourself the best chance to win.
Failing to Do Research
Betting on sports is much more than just looking at the betting options for the day and then clicking the submit button. There is an entire process involved, and one of the most important steps is doing research to give yourself the best chance to win.
This doesn’t mean that you have to spend hours on every single matchup, but you at least need to spend some time looking at the key stats that are out there. This is one of the biggest mistakes that people forget, and it’s one that is extremely important.
Following the Public
It can be pretty easy to get some picks or predictions on the internet for key matchups, and everyone claims to be a sports betting expert. Sportsbooks continue to prey on those that believe they can beat the odds, and fading the public is usually the best plan to use.
The public is going to be wrong more often than not as the odds are going to be based on probability and a certain formula. Blindly following the public when making bets is a mistake that will lead you to some losses.
Using Different Units
When making NBA picks and parlays, you are going to want to figure out one betting unit that works and then stick with that when making bets. This is a common mistake that most people make, and it’s one that you can figure out when putting together a bankroll management plan.
Some bettors tend to change up the size of their betting unit often, and that just leads to inconsistency and some major issues. Sticking with just one unit will take some of the decision making out of the process as you already know what to wager on.
You are going to lose some money when betting on sports as that is just the give and take that goes with this industry. One mistake that some bettors make is to try and chase their losses and get right back on top.
This is a huge mistake, and it’s something that you have to avoid when you are betting on sports and your luck appears to be running out. There is no shame in taking a break and regrouping and then finding other times to wager on sports.
Only Making Pre-Game Bets
Most people tend to think about the pregame wagers when making NBA picks today, and it’s not a big surprise if you are in that group as well. That’s a perfectly normal thought, and you do want to get most of your bets in before the games tip off.
The problem is when bettors completely forget about the live or in-play betting options, because this is actually a chance to make some real money. If you are going to be serious about making some money then you have to be willing to look at the live or in-play bets that you can make also.
Adding That Extra “Leg”
Parlay betting has become extremely popular as bettors continue to try and chase the biggest win possible. It’s perfectly fine to make parlay wagers, but you have to know when to stop if you are using this option.
Parlay wagers are made up of “legs,” and a good parlay is typically 3-5 legs at the max. You are making a big mistake if you add more legs than that, because all you are doing is making it harder on yourself to win that bet.