1. Having a good feeling about a team. While it’s true that sometimes the gambler has to go with his or her gut feeling, more often than not the only thing that betting on a feeling will do is lose you a lot of money. If you’re in it for money, then you had better not bet on your team because you’ve been a life-long supporter.
2. Over betting. This may sound obvious, but it’s a big no-no and one of the most common mistakes. Sometimes people make a big bet, bigger than they can realistically afford, often this happens after a couple of losses in the hopes of recovering those losses. Never do this! Always remember to bet within your means. It’s better to have a couple of smaller wins (or losses) than it is to make a massive bet that leaves you biting your nails, praying, and thinking you’re going to lose your house if your team doesn’t come through for you. It’s absolutely vital that you can afford to lose the money you’re betting. Having and maintaining a budget is probably the biggest difference between the amateur and the professional.
3. Changing your mind. You might read one blog and decide for team A, then pick up a paper and decide for team B and then after a chat with your work colleague you may decide that team X is the way to go. Be consistent when you’re betting. Read up on your team or athlete, discuss with friends and experts, and always keep an open mind. Your decision should be final, so take in as much information as you can and once you’ve decided who you’re going to bet on then stick with it.
4. Believe in superstition. Honestly, the shirt you wear has absolutely no influence on how your team plays, and standing up just before that big kick doesn’t matter at all to the players. In short, absolutely NOTHING you do has any effect on the performance of the team you want to win (or lose). Base your bets on data such as prior records, if the spirits of the team are high or low, a change of venue that means one team is playing in conditions (heat, cold, high altitude, humidity, etc) they are not used to, and other factors that can be shown with statistics. Don’t for a second think that if you wear your lucky garment out to the bookie’s that you’ll come home a wealthier person.
5. Placing value in experts. It’s true that some people make a living handicapping matches and there are ample computer programmes and algorithms that promise accurate predictions. Those experts or websites or computers might be right often, but at the end of the day there’s no certainty were gambling is concerned (otherwise it wouldn’t be gambling), so whatever you do, don’t put too much faith in anyone who thinks they know best.