4 Reasons Sports Gamblers Fail

When you are bright-eyed novice just getting into sports betting online, it is easy to feel swayed by your optimism.  At the same time, it is common knowledge that most gamblers lose money.  By most, we mean the vast majority.  Something like 90% of sports bettors fail over the course of any given year, and even more over the long term.  The best way to stop yourself from joining them isn’t to avoid betting—it is to steer clear of their mistakes.  Here are the top 4 reasons bettors fail.

1. They choose the wrong betting site.

One of the biggest mistakes you can make before you ever place a single bet is to join an untrustworthy betting site.  A lot of gamblers lose not because their strategies are faulty, but simply because they gave their money to a site they couldn’t rely on.  Be sure to check our page of recommended UK betting sites so you can avoid this fatal error!

2. They do not manage their money responsibly.

This is probably one of the top two reasons that bettors fail.  They bet arbitrarily (£10 here, £100 there), and they bet way more than they can afford out of their total bankroll.  There is no faster way to lose money.  Many bettors find themselves out of the game after just a few bets.  Bet smaller percentages and keep it consistent.  That way you can stay in the game longer, and maybe even become profitable.

3. Betting without a strategy.

Along with poor money management, this is the other big reason that a lot of bettors fail.  You need some kind of a basis for your bets.  If you don’t have one, you are taking a skill-based activity and turning it into something based entirely on luck.  There is no reason you cannot win most of your bets—but only if you actually put some thought, research and consistency into making them. Read more about betting strategies.

4. Chasing wins and losses.

Do you get emotional when you bet?  To some degree, you are always going to experience some kind of emotional reaction to a win or a loss.  This is to be expected, and it isn’t a bad thing unless it gets out of hand. Unfortunately for a lot of bettors, it does.  When they lose a bet, they chase their losses by doubling up on their bets or betting when there is no basis, in the hopes of winning it all back.  Winning bettors do this too, hoping they can “ride out their luck” while they have it.  Chasing wins and losses can both result in failure.

If you avoid these common mistakes, you are far less likely to wash out as a punter than most.  You may even have a shot at real success if you work on honing your strategies and building up your account slowly with many small, regular wins.  Good luck, and check out the rest of our articles for more betting tips that will help you to succeed!