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Sports Betting: Top 5 Reasons Why You’re Losing & What to do About it

Sports betting involves some pretty complicated maths, but it isn’t an exact science. No matter how many betting strategies you use, or how long you’ve known your team, you could still end up on a losing streak. Even the best punters run into “cold periods” from time to time, so you’re not alone.

The very nature of sports betting means that you’re leaving some things up to chance, but is there anything you can do to improve your technique, and perhaps get out of your losing slump? There very well might be.

Gamble ResponsiblyBe aware of the risks sports betting involves. Always stay alert and do not stake too much. Limit your bets.

Gambling of any kind is always associated with a degree of luck. However, there are also mistakes that are often overlooked by the average bettor.

Read on if you want to know more about these mistakes, how to avoid them and how you could possibly avoid them.

top reasons why you are losing in sports betting

#1 No Bankroll Management

#2 Hasty or Emotional Betting Decisions

#3 Spreading Your Bets Too Thinly

#4 Relying on Betting Strategies Alone

#5 Placing Bets Based on Recent Results

5 Extra Tips on How To Improve Your Bets

extra tips on how to improve your bets

Now that you know the top 5 things to avoid, here are five extra tips that could help you change your losing streak.

  • Bounce Back

    While it’s easier to bounce back after a successful betting spell, the same isn’t true for losing. However, if you’re experiencing the latter, and your confidence has taken a knock, then it’s crucial that you learn to become unaffected by your past results.

    On the other hand, it’s equally crucial to watch that you don’t become overzealous when you’re on a good streak. This could lead to you taking risks and betting impulsively.
  • Introspection

    Just because you shouldn’t let the past affect you, doesn’t mean that you should disregard its lessons. Be introspective and look at your sports betting history to see where you might be going wrong, what you can do differently and even what you shouldn’t change at all.

    You’ll get insights into your sports betting technique that you might have otherwise missed. It’s an excellent opportunity to learn, improve and acknowledge your sports betting habits – both good and bad.
  • Don’t Limit Yourself to One Bookmaker

    There’s no rule that says you can’t use more than one bookmaker. In fact, by signing up to various sportsbooks, you’ll have the opportunity to shop around for the best odds.

    After all, why should you wager on a game at 7/10 (or 1.70) odds when another bookie is offering better odds of 9/10 (or 1.90)? Get the best value for your bet by having a look at the various odds on offer first.
  • Take Advantage of Promotions

    In addition to the above, the more bookmakers you’ve signed up with, the more promotions and bonuses you’ll have access to. What better way to help mitigate your losses than a free bonus bet?

    Once again, shop around and find the best promo deals to suit your sports betting needs. Make sure that you also understand any wagering requirements.
  • Learn, Learn and Learn

    There’s a wealth of information out there, with various experts offering excellent insights and advice. As an avid sports bettor, you’ll never stop learning.

    Find out what area you’d like to specialise in, and learn everything there is to know about that particular sport. For starters, you can check out our Guide and Tips section.

Last But Not Least

Well done for investigating what could be going wrong and finding ways to resolve your potential shortcomings. Now that you know what to avoid, and how you can mitigate some of the common mistakes, your losing streak should be over.

You’re ready to get back into the saddle and try again with the first step already complete. Here are a few key points to take with you:

  • Put limits in place that you can stick to
  • Make bets methodically, with a clear head
  • Focus your attention on selected games, and do your homework beforehand
  • If something isn’t working, do things differently, but be consistent too
  • Take the overall performance of a team or player into consideration

Remember, though, that nothing in sports betting is guaranteed. While we endeavour to provide you with useful tips, we obviously can’t promise anything. Although it doesn’t hurt to try, so why not give it a bash and find out for yourself whether you can stop your losing streak.