Inexperienced sports bettors commonly succumb to several pitfalls and mistakes upon entry to the world of sports gambling.
These errors, while common, can be avoided by following a few crucial tips for successful betting. Perhaps the most important of which is sticking to one sport at the outset of your gambling career.
I know it sounds appealing to jump into all of the action head-first, but trust me when I say betting on multiple sports when you don’t have a solid base of experience can be disastrous. If you got into sports betting expecting to wager on every sport every night, reconsider your approach.
Here are seven reasons new sports gamblers should focus on one sport.
1 ‒ It’s Easier to Learn
Being a die-hard sports fan does not equate to gambling success, and for whatever reason, younger gamblers struggle with this concept. I made the same erroneous assumption when I first started gambling, assuming that decades of watching sports meant I could waltz into a sportsbook and win all my bets.
Sports betting is challenging to learn. With all of the jargon, different types of bets, and variance between books, there is a myriad of information you need to know to be profitable.
New sports gamblers might find themselves confused at first glance at a sportsbook or a sports betting site. The presentation of odds and lines can be intimidating and result in many mistakes when placing bets.
By sticking to one sport, preferably the sport you know the best, you’ll be able to figure out how a sportsbook is laid out and the vernacular associated with sports gambling.
Luckily for you, most sports use the same mechanisms and presentation when it comes to sports betting. Because of this, you can apply your learning to other sports once you’ve become comfortable with a particular one.
2 ‒ It’s More Profitable
Hopefully, you’re picking up sports betting because you want to make money. If that’s the case, immediately betting on multiple sports is one of the worst things you can do.
Profitable betting comes through hard work, dedication, and creating a wagering system that works for you. I hate to be the bearer of bad news, but you’re not going to triple your bankroll in a couple of days.
A perfect betting system doesn’t exist, and most sports bettors should be happy winning a small majority of their bets. Sports gambling requires you to succeed in small increments to be profitable, and sticking to one sport will allow you to pour in all of your time and resources into learning the ins and outs of that sport.
As someone who lacks experience, you must temper your expectations and be realistic. Approaching sports gambling in pursuit of immediate glory and profit is myopic and unrealistic. Stick to one sport to learn how to bet profitably.
3 ‒ You Won’t Overextend Yourself
When new gamblers refuse to focus on one sport, they deprive themselves of a good learning opportunity and, more than likely, sacrifice their future success. It’s undeniable that sports gambling is exhilarating, and that thrill you get after a big win might be the reason you wanted to gamble in the first place.
If you’re a thrill-seeker who wants to win big, you may as well stop reading this and dump your entire bankroll on the Jacksonville Jaguars to win the Super Bowl. (Please don’t do this.)
All jokes aside, I understand wanting to bet on a variety of sports. It’s exciting to get involved in as much action as possible. However, when you fail to focus on one sport, you’ll more than likely make bets that aren’t as sharp as they should be.
Locking in on one sport will keep you in the right mindset to make smarter bets with a better shot at winning.
Unless sports gambling is your full-time job, there’s only a certain amount of time you can spend researching specific bets. Maximize your time and try to figure out one sport before moving up to betting on multiple leagues.
4 ‒ You Can Manage Your Bankroll
Proper bankroll management is a challenge for all gamblers, but it’s exceedingly difficult for those new to gambling on sports. If you’ve never logged on to a sports betting website or visited a sportsbook at a casino, you’ll most likely be amazed by the quantity and variety of bets on the table.
While that might be a certainty, always remember to maintain a focused approach while navigating all the bets and potential action. Whatever your bankroll management method is, whether it’s limiting yourself to a certain number of bets or a limited dollar amount per day, solely betting one sport will help you manage your money.
When you spend your time focusing on what you deem to be the best daily bets in your sport of choice, you’ll most likely zero in on a few bets that make the most sense.
I like to place anywhere between 5-8 bets per day and make sure I partake in my due diligence to hand-select each wager. By initially limiting your number of bets, you’ll develop good habits that will increase the longevity of your time gambling without busting your bankroll.
5 ‒ Picking Up on Trends
The sharpest sports bettors can notice trends as they are happening and subsequently turn that trend into profit. If you’re reading this, then you’re probably not experienced enough to identify these trends yet. However, over time and consistent betting, you’ll begin to notice these trends in the sport you choose to bet on.
These trends manifest themselves both in a team’s on-field performance and their performance as it relates to gambling. You’ll begin to pick up on teams who typically hit the over or hit their record against the spread.
It’s worth mentioning that while trends are an excellent barometer of a team’s current success, these trends typically come to an end at some point.
When new gamblers immediately start betting on multiple sports, they deprive themselves of picking up on these trends that should be somewhat obvious to a seasoned gambler.
If you’re serious about sports betting, you should treat it as a second job, and most people perform better if they put all of their efforts into one task at a time. Similarly, you should dedicate your introductory phase of gambling to one sport to become an expert on picking up on trends.
6 ‒ Finding a System that Works
A betting system is a strategy gamblers use to make money. The best systems are hyper-structured and the result of diligence and hard work. Patience is critical when it comes to creating a proper betting system that can produce profit for the gambler who uses it.
To start out, it’s essential to keep track of your results to figure out what does and doesn’t work for you. Once you can adequately gauge the financial productivity of the bets you’ve made and quantify their results, you’ll be able to learn and develop your strategy.
It’s easiest to do this when you start with a smaller sample size. This might seem counterintuitive, as more data makes for better statistical analysis.
However, the results will accumulate quickly, and if you destroy your bankroll, you will either put yourself in financial jeopardy by ignoring it or be forced to stop betting on sports… at least, until your bankroll resets, that is.
7 ‒ You Can Apply Knowledge to Other Sports
The best part about limiting your betting to one sport in the early stages of your betting career is that you’ll eventually branch out to other sports. Provided you find a system that works for you and produces a profit, you can take what you’ve learned during this “trial period” and apply it to other sports.
As I said earlier, learning the sports gambling world’s ropes can be tricky for someone who has no prior experience. Most new gamblers who fade out early don’t give themselves enough time to learn all the industry’s different aspects.
However, if you approach gambling with measured diligence and keep your expectation in check, you will soon be able to turn your attention to other sports.
It might seem like a bit of a buzzkill to only stick to gambling on one sport. But trust me, your future self will definitely appreciate it. When you’re getting started, make sure to select a sport that you’re familiar with, so you can start with a strong base of information.
Not only will you learn about sports gambling faster, but it could also be more profitable in the early days of your gambling experience. By focusing on a sport, you’ll make sure not to overextend yourself and blow through your bankroll.
Finally, you’ll quickly notice trends in a particular sport, which will help you create a betting system, or strategy, that works for you. Once you’ve become an expert in whichever sport or league you choose to bet on and start earning a profit, you can branch out and begin applying the information you’ve learned to other sports.