Sports betting, if done correctly, is a great way to earn some extra money. Although most people end up losing money, most make the same mistakes that keep costing their wallets. If they could change these minor mistakes, they could easily reverse their luck.
One of the most common and easy to correct mistakes is betting on too many games. It is impossible to make money in the long run if you bet on more than 20% of the games during a given season. The Las Vegas gamblers who create the lines are experts at their job and do a fantastic job of making the lines difficult to bet on. That’s why you should wait for the right game when these bettors made a minor mistake that favors you or just found a game that you can accurately predict.
The most successful bettors bet on around 10% of the games. This selective style forces them to be patient, but this patience pays off in the long run. If you plan to get rich overnight, chances are you’ll wake up broke the next day.
Another big mistake is to bet subjectively. That’s why many high rollers don’t have a favorite team or allegiance of any kind. They see all teams equally and bet accordingly. If you are betting on the game your favorite team is playing, there will be a conflict of interest and your bets will be affected.
Betting objectively and selectively are the only ways to make money betting on sports. If you do both, you can earn a steady income.
