For a lot of newbies who have just stepped into the world of online sports betting, the most common motivation for diving into this niche is one thing–money. After all, if you are to washer your real, hard-earned money, wouldn’t it be normal for you to make some of it in return, too? However, as you start betting, you get to realize that it is not as easy as you think. What you see happening in movies or in ads where a man walks in with a few bucks but walks out a millionaire is not as easy to pull off in real life. You may even notice that you are losing more than you are winning. But should this be the end of you?
Although you cannot avoid losing in bets, even if you are wagering your money in legitimate online cricket betting sites in India, there are ways that you can lessen the amount you lose.
Here are some of the ways you can increase your chances of NOT losing money in sports betting.
A terrible sports bettor is inconsistent, and there is no way going around it. You can spot them from a mile away. If anything, being consistent is the key to mastering how things work in sports betting–aside from being a consistent loser, of course.
One thing you should always keep in mind is that although sports betting is gambling and hugely reliant on luck. Just because you lost a bet doesn’t mean that type of bet or that the betting market you wagered on is a bad choice.
Learn bankroll management like a pro
Your bankroll is the lifeline of your gambling “career.” Having one takes you at least one step closer to becoming a successful gambler, and not having one is equal to playing to just fail and lose money.
So, manage your money like a pro. Don’t give it all in one bet, no matter how promising a line looks, or no matter how a bookie convinces you to bet on one. If you win, don’t spend all your winnings and lose it in just making wasted bets.
Don’t buy bets
One of the biggest scams in the sports betting industry is selling picks. These are done by people claiming to be sharp, or someone who has an edge over the sportsbooks. These people claim to make all the winning best every time and for a price–they can give you that winning bet that can just make you a millionaire.
However, this is not possible. No one can be able to have a win rate of 90%, or be able to predict every bet they make correctly. If someone is selling you a pick, that is most probably a bad bet and is a scam. After all, if that pick is good—why don’t they bet on it?
Bet on what you know best
Someone who just throws bets all over the place is someone who is betting to lose.
So, bet on what you know best. Choose a sport or a betting market, study it, and become an expert on it. This way, you can be more knowledgeable in the market you are betting on and thus be able to make better more strategic bets.
Spread your bets out
Never place all your money in one single bet–especially a single money line bet. Learn to spread your bets–or make multiple bets. This way, you increase your chances of winning, and at the same time, you minimize the chances of you losing a huge amount of money.