The Biggest Mistake Players Make in Wagering

[BigdaddyQH]

It is very simple, and no matter what you guys "think" is correct, there is only one truth to the matter and this is it.
Squares love gimmick bets. Parlay wagers were invented to give the house a greater advantage. For example, check with your preferred bookmaker and see what odds you can get on a 3-team straight up parlay. Most pay around 6-1, with some as high as 6.5-1. Those seem like good payouts, but the odds of hitting a 3-teamer are 8-1, so who really has the advantage here? Meanwhile, you may hit two out of three games and still lose your bet. Teasers are even worse when it comes to odds. Prop wagers fill out the trifecta of losing wagers.

Squares love to play teasers because they have little no faith in their ability to pick winners. They have to get those extra points to feel better about their wagers and they pay right thru the nose for those points. As with parlays, the more teams and points you take, the worse the odds.

The Money line is not much better. The odds against you climb incrementally depending on how big the Money Line is. The money line is rigged to cost bettors who wager on the favorites more than dog players, but do not fool yourself into thinking that you will get better odds. Example: You want to play a money line on a team that is a 3 1/2 point favorite, instead of giving the points. The problem is this. You should be giving around 175 for that wager but the books will make you give 205 or more. Each book can set it's own percentage, just like each book can set it's own line. The same holds true with dogs. For a 2 point dog, you should get around +120, but the books will almost universally pay out +105.

[oChRoNiCo]

All very valid points, I would say most of the successful gamblers know this and do most of these. I know guys who only bet parlays and teasers and make money doing it. You can be successful doing that, but you need to understand what you're doing. I would go ahead and include bankroll and money management as the biggest pitfall to gamblers. Ask yourself these questions.

1. How much time do you spend on money management?
2. Do you have a plan in place of when to increase or decrease your bet size?
3. Do you have a plan in place to know when to cash out and how much to cash out?
4. Are you disciplined enough to stick with it?

I would say %90 of the losing degenerates on this site have no clue about money management and don't ever take the time to even consider this to be the biggest reason they fail time and time again.

[gojetsgomoxies]

i agree totally on the parlays, exotic, and complex bets....

i see EMU, a 3.5 point favorite at -172

washington state, 2 point UD, at +100........

don't bet with bookies with too much juice in general........... most close point spread games look like they are still 20 cent lines for most offshore bookies....

where people probably miss the boat a bit is when payout is not the same for a point spread game. i.e. shaded juice... not sure almost anyone remembers that when they post their spread picks - myself included. luckily it's not that common

[Ryermkd]

It is very simple, and no matter what you guys "think" is correct, there is only one truth to the matter and this is it.
Squares love gimmick bets. Parlay wagers were invented to give the house a greater advantage. For example, check with your preferred bookmaker and see what odds you can get on a 3-team straight up parlay. Most pay around 6-1, with some as high as 6.5-1. Those seem like good payouts, but the odds of hitting a 3-teamer are 8-1, so who really has the advantage here? Meanwhile, you may hit two out of three games and still lose your bet. Teasers are even worse when it comes to odds. Prop wagers fill out the trifecta of losing wagers.

Squares love to play teasers because they have little no faith in their ability to pick winners. They have to get those extra points to feel better about their wagers and they pay right thru the nose for those points. As with parlays, the more teams and points you take, the worse the odds.

The Money line is not much better. The odds against you climb incrementally depending on how big the Money Line is. The money line is rigged to cost bettors who wager on the favorites more than dog players, but do not fool yourself into thinking that you will get better odds. Example: You want to play a money line on a team that is a 3 1/2 point favorite, instead of giving the points. The problem is this. You should be giving around 175 for that wager but the books will make you give 205 or more. Each book can set it's own percentage, just like each book can set it's own line. The same holds true with dogs. For a 2 point dog, you should get around +120, but the books will almost universally pay out +105.

This only helps underage gamblers, novices, and substance abusers; none of whom will put this information to good use. Realistically speaking it should all be common sense to anyone who has seriously dabbled with sports betting over a couple years.

Thanks for the motivation though, I'll make sure to bet what I cannot afford this weekend. I'll be back in black or on skid row!

[maritsa1819]

biggest mistakes players make... listen to your arrogant ass?

[Eric22174]

I would have to kindly disagree. See below link for proof

https://postimg.cc/gallery/pzthmkyk/

[Eric22174]

Parlays are the most profitable when bet in round robin format.

[pimike]

Your numbers are a bit exaggerated or you have a major square book.


Otherwise I agree with a lot of points.

[maggiethebestdog]

BigDaddyHq must have forgot when he told everyone how successful he was betting big ML favorites the last couple years

Of course he got buried
Good to see he is no longer a "square" loser anymore, just a regular loser

[Optional]

Parlays can be useful for sharps trying to get higher amounts on a bet.

Also, if you truly have an edge on more than one bet, you are multiplying those edges by parlaying them.

Not always a sucker bet.

[BigdaddyQH]

Parlays can be useful for sharps trying to get higher amounts on a bet.

Also, if you truly have an edge on more than one bet, you are multiplying those edges by parlaying them.

Not always a sucker bet.

Just how can a parlay, which is robbing you of the true odds, be useful to sharps trying to get higher amounts on a wager. First, a true "Sharp" never has that problem. "Sharps" can get as much on a game as they want. End of statement. If you know any Sharp, and i mean a legitimate sharp, not just one that claims to be a sharp, ask them and they will tell you. Parlays are always sucker bets.

If you recall, my wager which lost was on an away favorite. That cost me, but I was able to win enough before that to keep myself even for the season as far as those types of wagers went. I since have given that up. Part of the secret to my winnings (and NO ONE has won more money in here than I have) is to realize losing systems and get rid of them. What is your record, big mouth? I am the only person in here besides JJ Gold (and he is a loser) to post all of my plays on a Betting Spreadsheet in here. Right now I am not having the best of seasons, but I am 11-8-2. A little over 57%. I will be glad to take 57%. You guys would have a week long celebration if you could ever win 57% over a year's time and you know it.

Rye, maybe it should be common sense to people but the fact remains that most people in this site are just looking for an easy win. Look at all of the fools who blindly tail the big losers in here. People, in general, are so stupid that they will believe just about anything if your argument is convincing enough. That is why 5% of the people in this nation are leaders and the other 95% are just followers.

Gojets. Myself and the people that I know who are successful in this game NEVER wager offshore. There are simply too many things that off shore books can do to screw your mindset up. We have all read the stories. Not real good. Wager in Vegas or all the other sites now open in the U.S. If you are not near one, get yourself a "runner". All of the major books in Vegas know most of the runners and why they are there. They are quite welcome. Do you think that I go to Vegas every time I want to lay a bet down?

oCh. You are correct about money management being #1 on the "things to know list". I rarely change the amount of money I wager on a game. It is either a good wager or it is not. 10% is the absolute maximum I will consider when considering a change in the amount of a wager. I have enough in my wagering reserve to not worry about overall profit or loss during the season. I do my bottom line AFTER the season is over, and since I DO NOT use off shore books or "locals", I do not have to worry about "cashing out". What you want is as few things as possible to sidetrack your concentration on the games themselves.

[Optional]

Just how can a parlay, which is robbing you of the true odds, be useful to sharps trying to get higher amounts on a wager. [snipped remaining garbage]

A sharp would not bet parlays that did not offer true odds. DUH!

[BigdaddyQH]

You are way out of your league with this. How many "Sharps" do you personally know? My guess is none. Casino bosses and computers have forgotten more than you ever know. Do you think for one minute that they would allow "True Odds" as you call them, to be parlayed? Do you have any idea how the books can sucker you into thinking that you have true odds when in fact, you do not?

[Eric22174]

Profitable if done correctly. I've hit at least 20 parlays just this month alone. See this thread for proof.

https://postimg.cc/WtMmBL4W

[1to1000]

You retards first need to learn how to pick winners

[Getch13]

The Five Biggest Mistakes

Listening To Experts

Everybody in the sports world has an opinion. Members of the media are paid to give them. Fans have an undeniable desire to give them. The problem is that most of the time they are wrong. One of the biggest mistakes that sports bettors make is listening to the so-called experts that really have no idea what to do when it comes to betting on sports. There is nothing wrong with considering the opinions of others. Just be careful not to go all-in on the opinions of others when making your bets.

Too Many Wagers

Even the best handicappers in the world struggle to find an edge at times when betting on sports. The house edge on its own is difficult enough to overcome in a small sample size. It becomes that much more difficult to make a profit when you make too many wagers in a short time span. The sportsbooks understand that gambling is addictive and they feed in to it by providing countless options for sports bettors around the clock. It's important to limit the number of wagers you make in an effort to maintain an edge and avoid overexposure.

Failing To Shop Around

Another mistake that is easily overlooked is failing to shop around. Casual sports bettors often forget the fact that different sportsbooks offer different lines. The best approach is to shop around and make sure that you are getting the best possible value on every bet that you make. Line shopping is an important aspect of sports betting success. Those that take the time to do their due diligence will be rewarded by maximizing their profits on wins and limiting their potential losses when they are on the wrong side of a given matchup.

Betting Biases

It's easy to fall in to the trap of betting on your favorite team. After all, you likely follow them closer than any other team. You likely know more about them than other teams. So it makes sense to bet on them, right? Wrong. The problem with betting on your favorite team is that your inherent biases could come back to haunt you. It's easy to think that your favorite team will bounce back from a losing streak with a win against a favorable opponent because in your mind you think they have what it takes. However, your vision of the matchup could be construed based on the fact that you actually want them to win. There is nothing wrong with betting on your favorite team once in a while if you feel like all of the matchup factors are working in your favor. However, just make sure you don't get caught up in betting on them blindly when you could end up making costly mistakes just because you want to see your team come out on top.

Chasing Losing Streaks

One final major mistake that sports bettors make is chasing their losses. Even the hardcore handicappers have some experience in this department. A string of two or three losses could lead to greater temptation to bet larger amounts of money in order to make up for those losses in a short span. However, that strategy could often backfire and lead to a losing streak spiraling out of control and becoming that much more damaging to your bottom line. Be patient and know when it's time to take a step back. No matter what happens, it's important to maintain the same approach whether you win or lose. Be patient, pick your spots and make sure you don't go chasing losses.