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Top 10 Mistakes of the Average Sports Gambler

Everyone is new at gambling at some point. Unfortunately,
all Sports Gamblers at one time or another has had to learn the
hard way on what to do and what not to do. Below we have
listed the Top 10 Mistakes that an Average Sports Gambler
makes in his business endeavour to make money gambling
on sports.

If you avoid these top 10, then you should find real enjoyment
in the money that you make.

10. The average sports gambler plays too many parlays.

A parlay is a great play when you hit it, however, if you
click on this link you will see why playing parlays will
usually only cost you money. If you want to play parlays,
keep the parlay small (no larger than 4 teams) and make
each play less than 1/2 of your normal play amount.

9. The average sports gambler makes too many plays

All too often, ourselves included, you will see gamblers
playing 14-20 plays per day. In all honesty, there is no
way that your average sports gambler has enough authority on 28 to 40 teams to make that many plays and
expect to do well. The key to making money is finding a
few plays that the sports gambler feels confident in playing.

8. The average sports gambler follows other players too often.

Whether you are paying a "service" or following a local handicapper that you trust from his posts on a sports-
gambling forum, it is not wise to follow another persons plays. If you are going to mimic or "tail" another player's
plays you MUST follow all of his or her plays. Say Capper "A" has a 10-2 record and plays games A B & C. You see his plays and don't think A or B can win, you don't know about C, so you make your own plays and mimic his play on C. Well A & B wins and C fails. You go 0-1 and he goes 2-1. If you "tail" another capper's plays you MUST follow all of his or her plays.

7. The average sports gambler only has one Book where he makes bets.

The average sports gambler has one account at one Book and only makes plays at that book. A smart sports
gambler will have 3 accounts at three DIFFERENT books with equal balances in each account. Why is this so important? First, the books will offer different lines. You make like a play on the Cowboys. If at Book 1, the line is -10, Book 2 -10.5 and Book 3 -9.5. It is obvious where you should make your bet.

6. The average sports gambler does not approach sports gambling as a business

To REALLY make money at gambling on sports you must approach sports gambling as a business. You MUST take your heart out of the plays that you make. If you are a Pittsburgh Steeler fan, you have to realize that you are going to be biased. If you hate the New York Knicks then maybe you will not be able to properly handicap your bets. Secondly, you must have a plan. You must know that you can only bet so much just in case you make a mistake. You must have a goal...something you want to achieve. (See #5) THERE IS NO LOCK OR GUARANTEE.

5. The average sports gambler does not track his Return on Investment or his Record.

This mistake dovetails perfectly with #6. You must track your daily and overall Return on Investment (ROI). Return on Investment is a mathematical formula that results in a percentage. It is determined by dividing the amount won by the amount wagered. The higher the percentage the better you are doing. You must also track your record so you know which teams you cannot handicapp and which teams you can nail dead on.

4. The average sports gambler changes the amount that is bet on each game.

In sports gambling there is NO such thing as a lock. Nothing is guaranteed. The only way to truly make money gambling on sports is to FLAT bet (bet the same amount on each game). You may think that there is NO way Boston can lose that game,but they can. If you bet $500 on Boston and another game you like is Tampa Bay, but you only bet $100. If Boston loses and Tampa Wins, you are 1-1, but down a lot of money. Click here for more information. You should only bet 2.5% to 3.5% of your balance on each event and only increase that bet once your overall account balance is increased by 25%. There is NO such thing as a LOCK or GUARANTEE

3. The average sports gambler pays someone else to tell him who or what to play.

Did you know you must pick correctly 53% of the time to make money, did you know that if you pay someone to make your picks for you, you must hit above 60% correct. If you pay someone to provide you with picks you must include that cost in figuring the return on investment by adding it to the "amount wagered." This substantially reduces your ROI and kills your bottom line. Click here for more information.

2. The average sports gambler does not understand the difference between chances and probability (the line)

To gamble on sports you MUST realize that in each and every game there are only two possible results: Team A wins or Team B wins. That is it, no ifs ands or buts. Thus each team has a 50% chance of winning. This is different than the "line" The ":LINE" is what the book as adjusted by the public thinks is the probability that a team will win. For Example if the Cubs play at the Reds and the Line is Cubs -200. Then altough each team has a 50% chance of winning the book is stating that it beleives the Cubs are so probable the winner that you must pay a high price to win that money. Once you realize this difference you can find "value" in a game's line.

1. The average sports gambler bets with money that is not his or his money that he can not afford to lose.

Sports gambling should be a hobby...a fun thing...for most people. It should not be something that interfers with your ability to pay your rent, buy groceries, or make a car payment. Do not make a deposit at a book with a credit card unless you have the ability to pay that credit card off each month. Do not place your mortgage payment on the Brewers +125. This is for fun and to make a little extra money. If you do not realize that gambling is fun and you use your earmarked money for gambling you will become miserable and even worse....lose your house, car, and loved ones. ONLY GAMBLE WITH MONEY YOU CAN AFFORD TO LOSE.

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The Ultimate Sports Gambling Dictionary