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1. Understanding the Game
Imagine placing a bet on a sport you simply don’t understand. Comedy, right? But this bet finds itself as the number one most common mistake found in sports betting. Fundamentals are the most important thing when it comes to sports. What makes betting on sports any different? This also includes amateur bettors who don’t understand the basics of sports betting. From not understanding house edge to spreads to favorites– all are characteristic of a “mush”, or a bettor not skilled at making picks and normally is bad luck. Get the fundamentals down. Don’t listen to your friends. Develop a strategy and stick to it. Find value.
Sports betting with bias earned its way to the top as the second most common mistake amateur sports bettors commit. Not being fully conscious of your own decisions, often favoring what your subconscious unknowingly deems best. A lack of consciousness leads to poor self awareness. In other words, making decisions based off of what your emotions think and not what the data, analytics and numbers demonstrate. The poorest investing strategy in existence and one of the easiest ways to find yourself in a hole.
Investing is similar to sports betting and its important to acknowledge that. Some of the best stock traders in history were some of the most resilient in history– looking emotion and bias directly in the eye and shunning them off with blatant disregard. Why? These traders began using statistical data analysis and algorithms. Trusting the numbers, not the emotions or “gut feeling”.
The two most common forms of sports betting bias is “team bias” and “spread bias”. Favoring what team you think is better just cause you’re a fan of a player, or even a team as a whole has come to be known as team bias. Spread bias occurs when you favor a bet based off the more attractive spread with a larger payout, completely disregarding the risk/reward payout. It’s important to understand these bias and find ways to reduce it. What’s the easiest way? Using sports data analysis and statistical data. Using numbers.
3. Ignoring Sports Betting Analytics
Sports betting analytics uses analytical data to “bet on number, not teams” (Sports Analytics 24/7). An exponentially growing trend in the past couple years. One not to be ignored, or you’ll find yourself committing the third most common mistake. It’s obvious that technology is growing rapidly and changing the entire world. But it’s spilling over into the sports betting world. Especially as sports betting became legalized. Sports betting analytics use all of the public information available and performs statistical analysis to find value plays. It’s not that easy… I promise. So now what? Fortunately for you, there’s sports betting consulting services. Getting access is easier than you thought. Sports Analytics 24/7 is the #1 sports betting consulting service around, even posting free picks daily.
What separates Sports Analytics 24/7 from the pack? These guys are the real deal.
Free picks that actually hit. Offering premium pick packages for very reasonable rates. The first to offer a bankroll management service for sports bettors– advising clients on the proper amount of money they should be willing to invest/risk in sports betting. If you’re tired of losing and just looking for some extra support, or if you’re just getting started in the sports betting game… make sure to check them out!