Avoid these Common Sports Betting Problems
The most common problems attached to a sports betting activity is the effect on your personal life. Any form of problem gambling affects your family and friends. Losers have problems as a result of their gambling activities. Those who habitually lose money have a different set of problems from financial setbacks and concerns.
Finding balance and peace
A number of sports gamblers who show a profit also find their sports betting activity will also have family problems. It can become a disruptive force among family and associates. They know the costly habits to avoid but it can be a difficult choice to find balance and peace.
The amount of time sports betting requires is a problem if not kept in check. This doesn’t mean handicapping the games or the betting process. When a bettor spends the most time watching the games all night detracts from time with family. When that’s done on a daily basis, it’s easy to see how one’s spouse could become a little upset. Single guys with no responsibilities still need some balance for their sports betting indulgence.
Many sports bettors hate to admit that a TV game will have no bearing on the final outcome.The bettor is looking for instant gratification or update to his action. Depending on some game score gives him something to validate his betting knowledge.
Keeping your perspective
A spouse, few kids, mortgage payments, job pressures and other factors take a lower priority. Your escape with other guys in the same boat is a stimulating experience. They do not realize their sports betting habit is a numbers games and not a competition to get rich.
There are four major reason why bettors lose money besides these problems. The final score will still be the same, regardless if you get it online immediately or after the contest. You should not spend every night staying glued to the TV or in front of the computer. A needed break with other more important matters in your life is balancing your perspective and enjoy what matters.
Take a night or two off and spend it with your family or friends. You’ll all feel better about it. There are a number of people who hide their sports betting activities from their spouse. Just one more problem about to explode and in many cases the bettor will lose more than their sports bets. They’ll lose their family if they lose control and deception becomes your best defense.
Avoid making a bigger hole
What can you afford to lose besides money. A person hiding their sports gambling from their spouse is usually using a pyramid scheme that is going to crash. A bettor needs to ask themselves if they are betting too much or should they stop. If a bettor realizes they shouldn’t be betting, then it’s time to consider getting help with their gambling habit.
When any additive problem rears its ugly head, going cold turkey is the most effective way to overcome those desires. There are few who can do it and need a support system and lose some self esteem. Sports betting is not a physical addiction like alcohol, smoking or drugs. It can be justified by taking a break knowing it will be there for a long time to come.
Almost all successful bettors have taken time off from their avocation to renew their mind and body. You can regroup with better money making opportunities to replenish their bankroll. These are professionals who understand the common problems that come with the territory. They do not become attached to every bet but enjoy the action — win or lose.
Make your personal adjustments and learn from them
The rise in sports betting popularity will enable more amateur bettors to lose money for entertainment purposes. Sports bettors know they have a 50/50 chance of winning or losing and enjoy the action. Addiction is there for about 10% of gamblers who are prone to abuse vices like alcohol, drugs, smoking and food which are a zero sum dead-end. Sports betting for the other 90% is a great escape for many and a social form of entertainment.
It is a widely known concept that the majority of sports bettors are going to lose money. The most popular concept is that 90-percent of sports gamblers will lose money over the course of the year. That does not stop people from wagering on sports. When those bettors eventually go broke and cannot wager anymore, there is somebody else waiting to take their place.
Why successful sports bettors follow investment guidelines
One main reason most sports gamblers lose is because of poor money management. There are many bettors who can pick winners but without money management skills they are churning their wheels. Betting $50 on one game and $500 on another is a sure way to be separated from your cash in the long run. Betting 50-percent of your bankroll on one game will ultimately lead to disaster. A sports bettor may win a few games when betting more than they should. It is a false sense of security until you get too careless.
Doubling up after wins or losses is another recipe for disaster. It is a common mistake many bettors make, including those who have been betting for many years. Every book on sports betting has at least one chapter devoted to money management support. The serious bettors know they need support from a good data base management service or the best handicapping services. Successful bettors surround themselves with sound advice and a reliable data stream for their selections. Avoid these five bad betting habits that develop over time.
Betting on the wrong events
Football and basketball receive the majority of the betting dollars. Most long-time sports bettors say those are probably the two toughest sports to show a long-term profit over the season. The sport of choice for most professional gamblers is baseball, which happens to rank well below the top two sports in the amount of money received. Hockey is another sport that many long-time bettors believe can give the sports gambler an advantage over the sportsbook, but hockey nets less than even baseball.
Lack of knowledge and patience
Most sports bettors know just enough to make them dangerous. A great deal of difference exists between knowing the NFL and being knowledgeable in NFL betting. Being able to name the starting offensive line for the Dallas Cowboys does not mean much for a winning bet. It might help a little but NFL betting is looking for value and not knowing roster names.
Many sports bettors are competing against other bettors who spend countless hours on handicapping, studying trends, injuries, and betting angles. The sportsbook starts with their opening line and then manage the numbers when bettors pour in their money against yours. If you do not have the time to study the games, try to find somebody who does it for a living. Whether an online posting forum, a reputable sports service or data sharing service bettors should use the support.
Do not assume you know more than everyone else and keep your ego in check after a winning streak. NFL picks based on betting trends works when the timing is right. NBA betting totals can go over as a trend until cold shooting ends any good totals trend.
Betting TV games
Many sports bettors feel if a game is televised, they have to wager on the contest. This was not much of a problem years ago without cable TV. So many games are televised and bettors can bet seven or eight games on the weekend. The shotgun approach is totally for amateurs without any thought selective process. A basic laziness approach like shooting darts and betting on a wing and a prayer. Why throw your money away like the other vices.
Typically, the lines on televised games have little value as the sportsbooks realize those games will have more action. Many solid handicappers lose money over time by betting the same amount, if not more, on games that are televised. They miss on games they honestly believe are good bets if not televised.
Watching games on TV or a sportsbook is a good way to learn about teams caliber of play. A won/lost record is a good barometer of talent but seeing players react to game situations is beneficial . It pays to watch games you do not bet since you learn about a particular team you may bet later.