Online sports betting can be exciting and potentially profitable for people around the world. It could be even more profitable if people would avoid making mistakes. Let’s look at some of the more common online betting pitfalls.
SPORTSBOOK BETTING LINES
Online betting can sometimes be full of traps. One of the biggest pitfalls that the general sports betting public sets for itself is writing off rotten teams that are out of contention and merely playing out the string of their season. Immediately the general public perception is that these teams “suck” and the online betting money floods in against such teams, particularly when they are up against name brand teams or contenders. There is a catch to all of this, naturally, and that is that the online sports betting oddsmakers are fully aware of this perception and adjust their lines accordingly.
Ultimately, there is often little or no value versus the sports betting line by going against such teams an, strange as it may sound, they often end up offering some value to the independent minded online sports betting players that will wager on them. Since the overwhelming majority of money bet at sportsbooks will be against these also-rans, the smart money will often end up on them when the online sports betting line is adjusted so much that value appears. So, pitfall #1 is writing off teams.
Online betting pitfall #2 is betting on marquee teams. The professional or sophisticated online betting player always has value in the back of his mind. When handicapping a game, the worst teams often end up offering such strong bargain prices and values that they make for solid online betting wagers. The problem is, for the majority of gamblers, that taking the non-marquee team is very tough for them to do. The public will still bet the team they know. It is a major online sports betting pitfall.
Pitfall #3 in online sports betting is playing too many games. It also happens in other games like poker, blackjack, roulette, etc. Everyone wants to have action all the time. Pick and choose your sports betting wagers and avoid the pitfall of playing everything on the board.