Numerous people believe that bookmakers have an added advantage over bettors. The old saying that there are no poor bookmakers has scared many potential punters. However, it has been proven that bookmakers only trigger your emotions. For instance, what role does a bookmaker play in losing your team? Absolutely nothing! Human nature plays a crucial role in determining whether a stake generates profit or loss. This article demystifies the main reasons why most people lose against betting companies.

Poor Money Management Skills

Numerous uncertainties characterize the betting industry. Predictions may not always go towards your stake. It is therefore almost impossible to eliminate losses at some point. Making a wrong turn is not a significant problem if you manage your money well. However, on the contrary, bursting out is inevitable in bad money management. Making a load of crazy bets after a big win is one of the significant mistakes bettors should avoid. In most cases, speculators make a kill after trying 3 times. Hence rollback should commensurate with all the drawbacks experienced during previous bets. Make rules of engagement and follow them strictly to avoid frustrations. The rules should be simple, specific and implementable. Once you stake your money, make sure you still have enough space to bounce back in case of a loss.

Placing a Bet for the Wrong Reasons

Many people place wagers based on emotions instead of detailed market analyses. Placing a wager based on odds provided by the bookmakers is tops among the misleading tactics. In this case, you base things on how you want them to happen instead of how they should happen. All factors held constant; there is no single way that assures getting it right. However, it is your responsibility to combine several factors and make an informed decision. High odds are not a guarantee of high returns with “betting utan svensk licens” (in Sweden); nevertheless, low odds are not an assurance of winning. Punters who believe in their strategies make money more often. Always make sure you have concrete reasons why you are placing your bets.

Placing too Many Bets

Successful betting depends on spotting the right opportunity instead of looking for many winners.  Placing bets too often is as ineffective as staking for the wrong purpose. Multiple bets crowd your mind with hopeful altitude instead of rational analysis. For example, trying to make money from all football matches played over the weekend uses a lot of resources and time with minimum returns. Another way many people lose concentration is by putting multiple bets in one slip. You find out that a bettor can get 10 out of 12 predictions correct and still lose the bet. The easiest way of getting it right is to concentrate on a few teams and relate several factors. This way, you shall be getting most of your bets correct.

Conclusion

Bookmakers have nothing to do with your losing streak. Make reasonable, realistic and achievable goals in your betting career. Prudent financial management brings sobriety to betting.