Betting Dos and Don’ts

Understand What You Bet On

There is a great range of different bets for the many sports that can be bet on. There are some standard bets, such as moneylines, spreads, totals and outrights, that are available in some form across a lot of sports. There are also different types of bets that are sport specific.

When picking bets it is highly important to research the types of bets that are available in the chosen sport. There may be a handful of bets that the punter chooses not to place because they prefer to stick with the more standard bets, but it is always useful to understand the full range of betting options.

Gamblers should never place bets that they do not fully understand. The bets themselves are not difficult to understand, but sometimes bettors may mistake one bet for another, or assume that Asian Double Handicap is the same as European Handicap.

To avoid this, it is best to read up about the particular bets available, which does not take much time. Doing so will also allow you to develop more advanced betting strategies.

This principle of course also applies to casino games. You should never start betting on a game unless you fully understand the rules.

Keep Track of Time and Budget

It is always useful to keep track of how long you are playing for, especially when playing casino games. It is possible to set time notifications to inform you when you have been continuously betting for long periods of time.

After establishing how long you are going to play for, it is possible to thinking about how you will control your budget. If you do not play much, you may choose to top up your account once every month. This is quite easy to regulate and if you are content playing with a fixed amount during the month, you will find it easier to control your budget.

Topping up the account every week is a bit trickier to control as you may lose track of when you made your last deposit, or you may feel inclined to try to increase the budget if you spend all their money before the end of the week.

Therefore, it is important to be realistic about how much you wish to play when setting your budget. This way you can be sure that you will not be overspending.

Try Out Different Bets

Some people suggest trying out different bets while others think it is best to stick to specific bets and use one formula to try to win. It cannot be said which is more successful, as this will vary from person to person, but it is always useful to try out different bets just to know what options there are.

If punters keep track of what bets they place and how much they won from different bets, they may find that they are better at predicting certain bets than they are at others. In basketball betting for example, a punter may find that they are better at predicting how many points will be scored during the course of the game than they are at predicting which team will win.

Once a bet is found to be more successful, punters may focus their efforts on betting at what they are good at and hopefully become even more successful.

Never Chase Losses

The most important rule about sports betting and casino gambling is to never chase losses. This is an all too common habit, especially amongst those who are new to gambling or who have not placed any wagers for a while.

Basically, if a bet or multiple bets are lost, the thing to avoid is to immediately look for bets to try and win back the lost money. This is a dangerous attitude as it can lead to people spending ever increasing amounts of money as they try to recoup their losses.

It is never fun to lose and losing streaks can be demoralising but it is always important to keep calm and not many any reckless decisions that may end up to be even more costly. Be sure to set a budget, whether for sports betting or casino games, and if you run out of money, it is time to walk away.