Lorna Macintyre asked 2 hours ago
The opportunity to cash in on sports betting online soccer betting has never been greater, but even with the required tools and betting systems that can be proven to generate a profit, many individuals still end up losing money. This article looks at several of the most common mistakes people make that can turn the potential of profit into regular losses:
This is a classic mistake that virtually all Gamblers make in their eagerness to earn money. You have a good method, that will statistically prove profitable, but there comes a run in the event the right conditions appear to dry up. Eventually, you get itchy feet and start to manufacture bets that do not match your strict requirements, forgetting that it was these strict requirements that determined your profitability. The inevitable happens, the profits turn to losses as well as in the worst case scenario your betting bank is blown! How do you avoid this? Simple, stick to the rules and be patient!
As a consequence of the aforementioned, or simply during a bad run of results (which statistically is going to happen) we will find the classic mistake of chasing losses. After a loss, instead of taking it on the chin and sticking to the program, the gambler will feel cheated and psychologically hurt by the result, vowing to win the cash back on the next bet and increasing the amount bet in order to do so. Remember, if the next bet loses the same happens and prior to deciding to know it stakes and losses have spiralled uncontrollable. How do you avoid this? Simple, again just stick to the rules and be patient!
Any money utilized for gambling should continually be viewed as a speculative investment in the same way as stocks and shares are, the cash used must be totally separate from your own money and must be money that you may afford to lose. In the event that you do not keep a separate bank of money for betting, your psychological attachment to it shall cloud your betting judgement and can contribute to your failure.
Just as no one would decide the merits of a stock exchange investment on the foundation of one day or one hours price movements, the same should be observed when betting for profit. It should be viewed as a long-term plan as well as the outcome of individual bets and daily or weekly results should always only be assessed in the context of the long-term profitability of the method being used.
You need to keep records of all of your bets, it becomes all to easy to forget the losses and remember only the winners if you do not have accurate records. With accurate records you will be able to view the performance of any system in your betting portfolio over time and cope with any performance issues that this may highlight.
Most of the mistakes stated earlier may be avoided by looking closely at the “psychology” of betting. No matter how good any system is you will not win all of the time. The way through which you handle your losses and manage your money will be the determining factor in deciding your success.