Mugs Sports Betting Mistakes – Types of Bets to Avoid
- Updated: January 18, 2012
Are you sick and tired of making stupid betting mistakes?
Chances are many of you are losing your bet before you’ve even had the chance to find a selection.
Hard to understand isn’t it?
No. It basically means that your type of sports betting is getting in the way of any chance at success at being a constantly profitable sports bettor.
Multi-picks, exotics, horses, excess betting, emotional betting these are all the types of betting mistakes amateur bettors make.
Who wants to be an amateur bettor? Not me. You need to put the ball back in your court, play to your advantage, and swing the pendulum of profitability back in your favour.
Eliminating common pitfalls and mistakes is beneficial to your psyche and your bottom line in betting. Knowing what to bet on, what type of bet to use, understanding both your selection and mental process behind your bet. This is all crucial. This is all a part of establishing the ‘edge’, that sweet spot which divides champions and winners from the herd.
Keep in mind there is a reason why more than 90% of bettors fail. Think and act like the professional sports bettor. The novice bettor provides the smart bettor with their weekly or monthly wage. They help you succeed in an area in which they are failing in. They provide all the liquidity for those excellent free sports betting tips provided for you at SportChalk.
So what are some of the common mistakes we as bettors need to be mindful of when placing our bets? Here is but a small handful today, as there are literally dozens more. But let’s just stick to some of the core mistakes.
• Multi-picks/Parlays – Sports bookmakers love these types of bets because statistics tell them that the novice trader will almost always lose. There are exceptions to this rule, but come on, how often have you won picking an 8-leg multi? Exactly, point proven. Stay focused, bet on outcomes which are to your advantage and which will contribute to your long-term profitable growth as a bettor.
• Horses – I don’t care what you say, but anyone throwing money at horses is a mug. Unless you are an insider with access to discrete knowledge there is no statistical benefit to a successful bettor in getting mixed up with horse racing. It may be the sport of kings, but it’s the sport of losers when it comes to sports betting. Leave it alone. (This area will be explored further at a later stage, as there are sure to be many naysayers)
• Exotics – There are far too many options available to the everyday punter. This may all look exciting and intriguing on the outside, but really it’s done because the bookmakers know that yet again these types of bets induce further loss-making on behalf of the bettor. The best, the most reliable, and more importantly the best long-term profit generators will come from simple head-to-head bets.
• Excess Betting – When you find the number of bets you are making per day or per week is getting out of hand it’s time to stop and think. Betting too frequently is a hindrance to traders, because chances are you are not using your ‘edge’ and instead finding less certain and lower probability betting propositions. Stop and think, and re-focus your thinking. Get back to basics one bet at a time, focusing on solid and sensible bets.
If you find that you are still falling prey to being a victim of silly bets and ‘mugs mistakes’ you only have yourself to blame. Do yourself a big favour and check out the types of sports bets you should be making by familiarising yourself with some of the sports betting education found on this site. If you haven’t done so already why not take a look at the SportChalk – Sports Betting School to really lift your game and learn from the experts.