By: Logan Griffiths
The world of sports betting is constant ups and downs – you are feeling what the team feels as well. Sports betting can add a whole new area of excitement when watching sports to watching the game (and potential stress). But while understanding the teams and players you are betting on is important, the real key to success is in your mental game.
In this blog you will learn how to sharpen your mind and become more disciplined in sports betting:
Bankroll Management is Crucial
As I have stated in previous weekly betting strategy posts, bankroll management is almost as crucial to being a successful bettor as winning the actual bet is. Before you start placing bets, it is important to understand what your budget is. A common question to ask is: “How much money can I afford to lose?” It is important to set aside money for betting, rather than putting money in everytime you hit 0.
The golden rule: Never bet more than you can comfortably lose. Decide on a unit size that fits your budget. This ensures you don’t lose all your money.
Avoid Emotional Betting
Betting is a well known emotional rollercoaster, one game can completely alter you outlook. You are going to lose, that is the reality of betting. However, it is crucial that you don’t impulsively bet to win back what you already lost.
It is important to stick to your original game plan and avoid placing bets you did not anticipate to place. If a game is getting to you, take a step back and clear you head prior to placing any outrageous bets.
Discipline > Impulse
Losing is inevitable in sports betting, it just happens. The key is to reflect on the loses and move on from them. Profitable bettors don’t chase big payouts after a loss to break even. The trap of you needing to be profitable every day is one to stay away from.
Take loses as a lesson, why did you lose? Don’t just think oh he had a good game. No, what data did you miss that could have led you the other way.
Betting is a Marathon not a Sprint
Profitable betting is a marathon, not a sprint. Winning an average of $5 dollars per day is better than winning one $100 bet once a month. Celebrate the good wins, but don’t let it cloud your judgement.
By maintain a clear head, managing your bankroll proper;y, and staying disciplined, you’ll be well on your way to becoming a more profitable bettor.
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