Want to make lots of money in sports gambling? Like any business discipline, before you embark on your venture, it is imperative you have a significant plan of action. If you're randomly going into gambling with a dart throwing mentality, you might as well hand Bernard Madoff your money --end result: kiss it goodbye. To win in sports gambling, there are seven actions you want to avoid. 1. Too much on one game. The expression, "Don't put all your eggs in one basket"should be the cardinal rule in gambling. The action that dries up your bankroll quicker than anything is going in too strong on one game. And yes, if it looks too good to be true, it probably is. Odds-makers make a living breaking down each line-able game. And since all discernible game information, including injury reports, is accessible to the public via websites, news wires, etc., lines are adjusted accordingly. Corrective action: Have a fixed amount set for the strength of the game anduse only that amount. 2. Pressing action on alosing streak. Along your gambling journey, it is important to know that you will have slumps that will drain your bankroll. It is then that you will be tested to withstand the temptation of getting your money back too quickly. Too many times gamblers make the mistake of believing their luck will change for the better instantly, and wrongly increase their betting action only to go deeper into a hole. Corrective action: Lighten your action and only choose select games with a small amount. Start pressing your action when your luck changes for the better. 3. Relying on luck without proper due diligence. You have a 50/50 shot of winning your game. Too many times bettors rely on the obvious: information heard on ESPN by sports analysts, newscasters, and other so called experts that overstate the obvious. A majority of the time, that information is set into the odds by the 'Vegas' odds-makers. Corrective action: To shift the odds into your favor, go deeper into information exploration and find pertinent but not so obvious information that could have a meaningful impact on the game. When you find value in a spread or money line, do your research to confirm the validity of your selection using these three important sports handicapping tools: fundamentals (players' talent; coaches' strategies and methods, team weaknesses/strengths), technical’s (trends, statistics), and intangibles (motivating factors). 4. Over analyzing (paralysis of analysis). You can build a case for both respective opponents of a game against the spread. Corrective action: After a meaningful breakdown of each respective team with line or spread consideration, if you're still having trouble making a legitimate case for a single team, you're better off avoiding the game altogether. 5. Not pressing enough when finding significant value in the line / spread on a good run. If your system is working and you're on a roll, you want to take full advantage of it. Not pressing your action when on a hot run is akin to keeping your money in a savings account in a bull market; consequently, you would be missing out on the big gains. And how will you know if you have good value in the line? Corrective action: After getting involved in a sport for good portion of the season; that is, knowing the teams' tendencies as defined by its coaches' philosophies, the teams' players performance level within the team concept, the quality depth of the team, the key injuries, and so forth, you establish a good feel for what these teams can do against the line. It is then that you can play more aggressively on account that you have lessened the risk because of your increased knowledge; as a result, line / spread value becomes increasingly evident. 6. Randomly playing too many games on a board. Like investing, diversification is good. However, over-diversification can be trouble; after all, few people have that amount of time to study every single game on a Saturday board. And without knowledge of the conferences or the teams, you've increased your risk substantially. Corrective action: Master a few conferences and teams; consequently, you'll feel comfortable going into games pressing action and not rely on pure luck to carry you. 7: Not having enough bankroll. Just like starting a small business, if you don't have a significant amount of money to start, you're doomed for failure. Corrective action: Your bankroll should be enough to do without; that is, enough to live on minus bills, including, of course, your monthly mortgage or rent payment. Quit contributing to the riches of sports-books. They have enough money! Go into gambling with a legitimate plan of action. If you fail to plan, you are surely planning to fail.
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