Even for the most successful sports bettor, there will be both losing stretches and bad beats that will test your resolve. Despite the emotional rollercoaster, sports bettors must maintain their focus. There are hundreds of football and basketball games to evaluate every year, as well as the daily grind of the baseball season during the spring and summer.
It is difficult to make a living as a sports better, but professionals attribute their success to fundamental principles that guide every decision. Indeed, it is critical for the sports bettor to build his success on sound fundamentals that are proven over the long-term.
1. You are not a fan
Many novice sports bettors will wager on a team because they are a fan of a specific club or player. In contrast, the successful sports bettor has no biases, and there are no favorite teams.
While the successful sports bettor can enjoy following and watching sports, there is only one sole focus: finding the right team to wager on to win his bet.
The novice bettor may be a huge fan of the Pittsburgh Steelers. If Pittsburgh is favored by a touchdown and wins by three points, how will the novice bettor feel? Is he happy because his favorite team won or disgusted that he lost money on his wager?
The savvy sports bettor gains enjoyment solely from winning a wager and turning a profit. Clearly, the serious sports bettor isn’t a fan.
2. Keep emotions in check
Even the very best sports bettors will suffer from dry spells. Over a large volume of bets, a good sports bettor is fortunate to win 55-57% of his wagers. The sports bettor must hit on 53% of his point spread wagers just to turn a modest profit – which means there are many losing bets to manage.
The successful sports bettor must be able to deal with all of the highs and lows of sports betting in an even manner. Winning streaks must be kept in perspective, and the bettor must also be able to properly handle a losing run.
Once a game is over, the focus should quickly turn to the next games, instead of dwelling on emotions. Past results should be evaluated as a tool to help the bettor win future wagers, but emotions are irrelevant to tomorrow’s results.
3. Practice patience
Novice sports bettors easily fall into the trap of constantly needing action, and this need is further amplified when there is a televised game. It is tempting for the novice sports bettor to get involved in a Monday night football game or a big televised contest in college hoops.
In contrast, a professional sports bettor will only place a bet on a game when he feels a wager can be won. The ability to pass on a game is vital to the success of a sports bettor.
Another common mistake for new sports bettors involves chasing losses. If a bettor loses a few games and falls into a hole, he will try to chase these defeats by placing bets on the next game that is available on the schedule. However, unlike the bookmaker who must book every game, the bettor isn’t obligated to bet on every scheduled game. Smart bettors take advantage of this fact and do not fall victim to the schedule.
Don’t push the envelope. A sports bettor needs to have patience to enjoy long-term success.
4. Perception isn’t reality
Professionals know that reality is not tied to perception in sports betting. In contrast, novice and public bettors will allow their perceptions to influence their bets. For example, a pro or college team can draw heavy betting interest if they played a great game in the prior week. A novice bettor will rush to bet against a weak team that performed terribly in the prior week.
In contrast, the professional sports bettor will not automatically jump on the bandwagon of a good team or rush to bet against the weak team. After all, it is just one game out of a schedule of more than a dozen contests. The sharp sports bettor won’t be afraid to go against the grain, trusting his numbers and fundamentals.
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