Tag: risks in sport betting

Sports Betting and the Risks (Part 2)

Here we continue to discuss risks in sport betting which any bettor has ever faced up with them. Whether you are a professional bettor or a newcomer, there are a wide range of risks and troubles caused from betting transactions.

So, how to do in these emergencies. We will share some tints as followings.

From the former article, we refer two major risks: changing unit size and reacting to trends immediately. We also suggest proper solutions in per case. Now, we will discuss other risks.

3, Thinking about gambler’s fallacy

The gambler’s fallacy means that bettors think that something has not yet happened in a long time, then it will more frequently in the future.

For example, you are bets on roulette table. You only see a black number for 10 spins and then first thought is to place on red because it has not come in the recent time. So, it should be “due”. It’s logic but it has not any formula to set up this tip.

The fact, every spin is made independent compared with spins in the past. So, appearance of color spin is random and is changed in per turn. Therefore, there is no guaranty to assure that the red color can appear.

It’s better you forget this thinking about gambler’s fallacy. Every betting should be considered and calculated carefully from factors about athletes, concept of the match.

4, Places on too many games

Bettors prefer to place on many bets so that they can share risks and winning equally. However, betting on 10 to 15 games in per day is so much and dangerous.

When you place on too many games, you don’t have enough time to do research all matches related. Or your feeling is normal before the match. You are forgetting meanings and benefits of betting on sports.

Sports Betting and the Risks (Part 1)

Annually, gambling brings millions of dollars for some countries owning casino or online betting system well.

However, sport betting is not easy to earn money as many bettors expect before. There are many people to go bankrupt when they are on the way to dream as millionaires from betting. the fact, betting causes many risks ups and downs.

In this article, we checklist some major risks in sport betting. Hope you are sensitive to make decisions about gambling.

1, Changing unit size usually

On betting, bettors can be confused by some results. Then they will do by feeling that some points use high odd, other use lower odd. However, it will cause risk about profit when you change unit size only based your thought.

The fact, we recommend you to use flat-betting approach. It means that you balance amount among different bets. Then the risk can share equally for all results. It also means that you have chances to earn more profit. 

During betting on sports, bettors without full experience, they usually can’t control their feeling. They prefer to placing on bets to some results they love more than considering and calculating detail about the match.

In general, a flat-betting type can help bettors to avoid bankrupt when they are in flexible situations.

2, Reacting to trends immediately

As great advice, bettors usually update news from betting before they decide to place on it. The fact, ability of one team can’t be determined clearly. Even, sometimes some betting types won the game, then all fans followed it.

In general, the winner in the last matches believed that their ability is perfect because they already improve experience before.

If you tend to win the betting game, you should reference from bad news, you can collect more information. Don’t follow total trends.

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