|  Post Reply

The opportunity to benefit from sports betting trusted online gambling agency has never been greater, but even with the mandatory tools and betting systems which are proven to produce a profit, many people still find yourself losing money. This article looks at some of the most typical mistakes people make that will turn the potential of profit into regular losses:

This really 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 seem to dry up. Eventually, you get itchy feet and start to manufacture bets that do not match your strict requirements, forgetting which 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 above mentioned, or simply during a bad run of results (which statistically is always going to happen) we are going to find the classic mistake of chasing losses. After a loss, as opposed to 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 money back on the next bet and raising the amount bet as a way to do so. Simply, should the next bet loses the same happens and before you decide to know it stakes and losses have spiralled out of control. How do you avoid this? Simple, again just stick to the rules and be patient!

Any money used for gambling should often be viewed as a speculative investment in the same way as stocks and shares are, the money used has to be totally separate from your own money and must be money that you may afford to lose. Should you not keep a separate bank of cash for betting, your psychological attachment to it will cloud your betting judgement and can also contribute to your failure.

Just as no-one would decide the merits of a stock-market 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 and also 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 must keep records of all your bets, it becomes all to easy to forget the losses and remember only the winners in the event that you do not have accurate records. With accurate records you will be able to view the performance associated with any system in your betting portfolio over time and deal with any performance issues that this may highlight.

A lot of the mistakes above mentioned may be avoided by looking closely at the "psychology" of betting. Regardless how good any system is you will not win all of the time. The way by which you handle your losses and manage your money will be the major point in deciding your success.

Add comment