Did you know that more than 20 states have legalized sports betting? Both college sports betting and pro sports betting are becoming more widely accepted by state governments, many people are learning the basic rules of sports wagering as a result. Whether you’re new to sports betting or you’re just trying to improve your chances of winning, it’s important to know about some common mistakes to avoid.
For instance, you should try to avoid parlays at all costs. Your odds of winning decrease dramatically when you place a parlay wager. A parlay is a wager that involves more than one bet. You have to win every bet to win the parlay. If even a single bet loses, you will lose the whole parlay.
This is just one of many common mistakes that amateur sports bettors make when they first start wagering. The more you can avoid common mistakes like this, the better your odds of winning.
In the article below, you’ll find a list of some of the most common college sports betting mistakes that you should avoid. Read on to learn everything you need to know about successfully placing wagers on college sports.
Betting on the Underdog Moneyline
Amateur college sports bettors are often tempted to bet on the underdogs. You can usually double or even triple your money by winning an underdog bet. However, it’s important to remember that the underdogs have long odds because they are unlikely to win.
When you’re looking through the NCAA college betting options and trying to decide which games to bet on, you should avoid the games in which one side is heavily favored over the other. If you’re betting on the underdog moneyline, you may get great odds but your bet is very unlikely to hit. If you bet on the favorite, your bet will be more likely to hit but you won’t get very good odds.
Remember that these rules only apply to moneyline betting. Moneyline betting is when you simply pick which team you think will win. This is different from some of the other best betting strategies such as spread betting, which is when you bet on how many points the winning team will win by.
Forgetting About Recency Bias When Picking Winners
Let’s say you’re betting on a college football team during the second week of the season. The team that you want to bet on performed very well last week even though they were projected to have a poor season. The team that you want to bet against performed very poorly in the previous week even though they were projected to have a stellar season.
A phenomenon known as recency bias will make you more likely to bet on the team that performed well during the previous week. This is a common mistake that amateur sports bettors make, and it can cost you a lot of money if you do it too often. Instead of looking at the most recent performance by each team, look at long terms trends and season-long projections to decide which team actually has a better chance of winning any given game.
Not Knowing the Betting Terminology
Before you start developing your sports betting strategies, you should get familiar with some of the common terms used in the gambling industry. These terms include moneyline, spread, over/under, push, parlay, and bankroll management or money management. Some of these terms have already been mentioned in the article, but you can find definitions of the other terms below.
The over/under refers to the total combined scores by both teams at the end of the game. You can bet on the over if you think it will be a high scoring game, or the under if you think it will be a low scoring affair. You can use web pages like this one from Docs Sports to identify opportunities to bet on the over or under.
A push happens when you don’t win or lose the bet. This happens most frequently with spread bets and over/under bets.
If you bet that the game will have a combined score of over 50, for example, and the combined score is exactly 50, that is a push. When a push happens, you just get the money back that you bet and don’t incur any losses or gain any profit.
Bankroll management refers to the amount of money you have to bet with. If you’re going to be betting on multiple games throughout the day or week, you have to be careful not to deplete your betting account. Smart bankroll management is all about knowing when to bet a large amount and when to bet small amounts to preserve our ability to bet on more games throughout the day.
Now You’re Prepared to Avoid College Sports Betting Mistakes
The mistakes listed above are commonly made by inexperienced gamblers. The sooner you stop making these mistakes, the more likely it is that you’ll see more success in your gambling endeavors.
While there are no guarantees in the world of gambling, there are certain strategies that have proven to be more effective than others. Most of these strategies involve avoiding the mistakes listed in this article.
If you’re interested in learning more about college sports betting or any other type of betting, stay up to date with all the latest articles going live on this website.
Hi! I’m Bryan, and I’m a passionate & expert writer with more than five years of experience. I have written about various topics such as product descriptions, travel, cryptocurrencies, and online gaming in my writing journey. The latter is one of my favorites topics, and you can find some of my premium casino content at OUSC.