10:30 PM
Bingo King
Please tell me that you are not losing money like this.
Sports Betting Secret #1: Do NOT Bet On Your Favorite Team!
I call this "Favorite Team Syndrome." This is another one that can be really hard for those that are new to betting intelligently. There are usually far too many emotions involved for it to be an intelligent decision. In general, people tend to bet with their heart rather than their brain. Also, most people tend to overreact to their favorite team. If their team has been playing well recently, the fans tend to think that the team is invincible and bet way too optimistically.
And if the team has been playing poorly, then fans can overreact negatively and assume that their team is going to get whipped every time they play. The joy of winning and the negative stress of losing cloud judgment and should be avoided altogether.
Additionally, many of these picks are made based upon fundamental analysis and how a person believes specific matchups will play out. Like I have mentioned before, successful sports betting should not be based upon fundamental analysis, but rather statistical analysis.
The only exception to this rule is when your home team is in a game that is statistically proven to win the majority of the time. Then and only then, does it make sense to bet on or against your favorite team. So please, get away from the mindset that you have to put money on all the big games just so you can have the action.
If you want to bet on your favorite team simply because it excites you, know that you are probably going to be trading money for that excitement over the long haul. Remember, you want to ONLY bet on the games in which you have the biggest advantage. Only those games and no other.
Happy betting.
Sports Betting Secret #1: Do NOT Bet On Your Favorite Team!
I call this "Favorite Team Syndrome." This is another one that can be really hard for those that are new to betting intelligently. There are usually far too many emotions involved for it to be an intelligent decision. In general, people tend to bet with their heart rather than their brain. Also, most people tend to overreact to their favorite team. If their team has been playing well recently, the fans tend to think that the team is invincible and bet way too optimistically.
And if the team has been playing poorly, then fans can overreact negatively and assume that their team is going to get whipped every time they play. The joy of winning and the negative stress of losing cloud judgment and should be avoided altogether.
Additionally, many of these picks are made based upon fundamental analysis and how a person believes specific matchups will play out. Like I have mentioned before, successful sports betting should not be based upon fundamental analysis, but rather statistical analysis.
The only exception to this rule is when your home team is in a game that is statistically proven to win the majority of the time. Then and only then, does it make sense to bet on or against your favorite team. So please, get away from the mindset that you have to put money on all the big games just so you can have the action.
If you want to bet on your favorite team simply because it excites you, know that you are probably going to be trading money for that excitement over the long haul. Remember, you want to ONLY bet on the games in which you have the biggest advantage. Only those games and no other.
Happy betting.
