One of the most important things for the casual sports betting fan to remember is that the professional handicappers usually set a good example for you to follow if you are interested in making some significant money betting on sports. While the majority of public bettors will throw their money on anything, the smart bettor can follow the lead of the professionals that do this for a living and make sure they don’t make silly mistakes that can really hurt their bankrolls. Here is a look at three things that sharp bettors will not do.
Chasing Home Favorites
One of the biggest mistakes that casual players make is chasing home favorites when the value just isn’t there. The biggest mistake that casual bettors make is jumping on public home favorites and expecting them to win every single game. The sportsbooks do an excellent job making sure the lines are on point so that a strategy like betting on home favorites without hesitation will not lead to making profits so don’t fall for that trap. The same thing can be said for betting on your favorite team in any given sport, which is never a good idea. The sharp bettors will search for value elsewhere in order to find the best available lines for when it comes to making profits.
Following Talking Heads
Every Sunday morning the experts are lining up to give their picks for which teams you should take. It should be pretty obvious based on their overall records when it comes to picking winners that you should not follow their advice. The talking heads on television, print and even on social media might lead you in the wrong direction and in most cases it’s very easy to forget how many times that those experts are wrong. If millions of people were constantly given winning picks by talking heads on television than everybody would be making a ton of money every weekend. The reality is that is not the case so make sure you are putting in your own work rather than following the advice of people that simply don’t have the right picks in line anyways.
Risking It All
If you go all-in on one wager and lose then how much money will you have left over? Zero. That is the biggest mistake that you can make. No matter how good a wager might seem on the surface the reality is that anything can happen and you are taking a major chance temping fate by risking it all at any point. There is never going to be a good enough bet to throw all of your money on it so make sure that you are managing your money in a respectable manner and not throwing it all on one bet. There will always be talking heads explaining why one team or another is a lock and worth risking it all on but at the end of the day it is never a good idea to risk your entire bankroll on one play.