Sports betting has never been easy, and seasoned bettors know it. People who have been in betting and do it for a living know that the industry has its ups and downs. The most important thing is to stay on course, ensure discipline, and use your budget wisely. Mistakes happen, and in eSports betting, there are ways you can minimize them. You can also use the mistakes as learning experiences. Remember, even the advanced bettors make mistakes but knowing what you need to watch out for the next time you are betting will reduce these misfortunes. We have compiled 6 common mistakes in eSports betting and how to avoid them.
1. Not Going With the Right Sportsbook
The type of sportsbook you are using can increase or lower your chances of winning a bet or keeping your personal information safe. Many people go for the cheaper or free options. This would not be advisable since cheaper options might be less secure and might have lower winning rates.
It is crucial to know that having multiple sportsbooks increases your chances of success. HeyBets offers a wide range of entertaining games, check out Heybets Partner to learn more. When betting on a specific game, one book might have 5+ points and the other 6.5+ points. These points will differ from time to time. Therefore, it is best to have several accounts on different sites to earn that extra point. Consider checking out the list of trusted sites reviewed by Basketballinsiders.com the next time you are placing your bets. That way you will find secure websites with great bonuses.
2. Moving with the Crowd
If people are betting on a specific team, you might feel you need to fit in or fear doing something different. Remember, this is what the oddsmakers want you to think.
Taking a contrary perspective from everyone else sometimes helps. There comes a time when you should take a different stance from everyone else, but this does not mean you do it all the time. If you realize that many people have the same idea, it might help take caution and be different. The best way to track the likelihood of being right is by using sportsbooks instead of following the crowd.
3. Overestimating Your Skills
Just because your favorite team is playing does not mean you know everything. One mistake you can make when placing a bet is overestimating your skills. Remember, there is a big difference between knowing a lot about sports and being a talented bettor. Therefore, knowing how a game is played and the game strategies are the tricks to eSports betting.
Regardless of how much you know, eSports betting is a learning process. Going from novice to a professional bettor in a night is a thing of fantasy. Don’t go into sports betting with the idea that it is a walk in the park. Otherwise, you are in for a rude shock. Start from the beginning and continue learning as you go.
4. Having Naïve Expectations
Many bettors, especially the new ones have unrealistic expectations that only lead to frustrations in the end. Every person wants to win more than 60% of their bets and get rich quickly. However, this is not realistic. What most people don’t do is considering the betting expected value on the sportbooks.
As a new bettor, you need to know that this ground is not easy. Anything can happen at the last minute. So, take time to plan your bets and don’t expect too much. The more you expect, the more you get frustrated. When betting on several sports, the best percentage you should expect should be around 52% of winning.
5. Overreacting to What’s Trending
If a team is highly praised or has been winning most of the games, most newbie bettors will automatically bet on it. In the meantime, they will also avoid a team that has been failing most of the time. There is a lot of noise going on, and you will come across all kinds of comments on betting, players, and teams. So, it is easy to get convinced. It is, therefore, crucial to know how to bet on sports for beginners.
One thing you should know is that the oddsmakers know that bettors are inclined to bet on the most performing teams. So, they will give the most points for these teams. As a bettor, don’t buy on the good news. Instead, bet on the weak teams.
6. Betting on Too Many Plays
Betting is addictive but betting for the sake is not the best thing. Betting on more than 10 games overnight is a dangerous trend. This is a huge risk you are taking, and you are only going to hurt your bankroll. By trying to break down many games, you only end up overwhelmed, and this is not an ideal method if you want to remain in betting.
No matter how many games are playing and your prediction of wins, it is vital to maintain betting discipline. Limit your plays to the most confident games every day. After all, you cannot lose a bet you have not placed.
These are common mistakes you should avoid as an eSports bettor. The most important thing you should do is find the best sites to place your bet. There are numerous sportsbooks, and all you need is to go through them and choose the most trustworthy ones. With all this knowledge, you can be a satisfied sports bettor and gain long-term benefits.