Sports Betting – How To Avoid The Pitfalls

When starting out doing anything new, accepting that mistakes are going to be made is key. Fail to embrace a certain measure of failure-related acceptance, and the next stop is demotivation station. This is of bottom-line importance when just starting out betting on sports, and really, just about everything else is hinged on a single and solitary truth: failure is inevitable – but how we respond to failure is what makes or breaks us.

It helps to realise and even constantly keep in mind that 100% perfection simply isn’t within human reach. It isn’t part of our makeup as fallible beings, and so, expecting a 100% sports betting success rate is unrealistic – ludicrous, even. The trick is simple but powerfully effective: limit losses as far as (humanly possible) and accept that knowledge is power.

As for the rest, it all comes down to mitigating damages and improving one’s chances at achieving success. Here’s how to avoid sports betting’s most common pitfalls.

Be Positive – But Be Realistic

Success requires perseverance and a willingness to learn as much about whatever it is that interests us as possible. Success in sports betting, in particular, requires a positive but realistic outlook, mindset and approach. A common misconception is that being ‘realistic’ is similar to being ‘negative’, which of course could not be further from the truth.

By the same token, there’s may more to adopting a positive approach, or positive mindset, than just another feel-good catchphrase. A positive mindset is by definition a mindset that motivates us to accomplish something constructive – the phrase refers to action instead of mere intent. This is especially true when discussed within the context of sports betting. Its no good to dream – we must also ‘do’.

A realistic positive approach to sports betting recognises that decisions must be based on facts and logic instead of going out on a hunch or an intuitive ‘feeling’. Being realistic then, refers to acknowledging that real power only comes with actual knowledge.

Beware Of Exaggeration

There exists a common mentality among new sports bettors that wagering exaggerated bets is the only real way in which to show a meaningful profit. This is not true and is perhaps one of the most common pitfalls of them all. An effective alternative approach, and one favoured by successful sports bettors, is to wager moderate bets whilst being ever mindful of the size of the available bankroll. Living beyond budget is never a good idea – not in sports betting and certainly not in life.

Don’t Fear Being ‘Different’

In fact, embrace being different and learn how to think ‘differently’. This is where discipline comes into play. Its sad but its true: self-discipline is a rare and dying breed as far as cultivated character traits go.

Success in sports betting can only ever be achieved by adopting a disciplined approach to the gathering of information, the compilation of a proper model, diligent bankroll management, and an overall attitude that is different to that of the crowd median.

About the author

Signe Jakobsen

View all posts