Now that you know we’re focusing on the most common esports betting mistakes today, it’s time to stop beating around the bush and dive right in !
Chasing Losses
Have you guys heard about chasing losses? That’s when people lose a ton of money on esports betting (or any other type of online betting, really), and they dive even deeper, wagering with even more money. Often enough, people who chase losses aren’t even betting with their own money. They either take loans or bet with rent or food money. We reckon you already see where this is going.. Never do this! This is the easiest way to get yourself in serious financial trouble and you don’t want that! If you’ve lost a promising wager, come to terms with it as soon as possible and call it a day! Tomorrow is another day, and your decision-making skills will be much better after a good night’s sleep.
Betting Too Often
Is there such thing as betting too often or betting too much? Of course, there is! As with everything else in the world, you have to take esports betting in moderation. Too much of it and you’ll either have a massive dent in your budget or you’ll be forced to go into debt to cover your growing esports betting expenses. What we recommend is taking a pause after every wager you win. You can treat yourself or put the extra money in next month’s betting bankroll. Either way, make sure you pause every now and then; otherwise, your ability to make rational, fact-driven decisions will be in danger.
Betting With Money You Don’t Have
What’s worse than betting too much? Betting with money you don’t even have. Yep, some people do this. There are people who take out loans and try to cash in on a fiery special. Needless to say, this is an awful idea on so many levels. For starters, betting with money you don’t have is the start of another wicked cycle. Even if you win the first wager, you’ll get greedy and go on a betting spree that could seriously endanger your personal finances. Long story short, never bet with the money you don’t have or can’t afford, period.
Sticking With Match-Winners
A ton of esports betting enthusiasts only place match-winner bets. Yes, we understand that match-winners are the simplest, most straightforward bets out there, but there’s really no reason to limit yourself so drastically. Most of the time, the highest-alue bets are hidden away in the esports specials section. It can be a bit time0consuming to find the greatest deals. But if you’re keen in being profitable, that’s definitely one way of drastically increasing your chances of success.
Betting When High or Drunk
Do we really need to elaborate further on this one? Come on, you should all know that betting when high or drunk is never a good idea. No matter if we’re just talking about a few glasses of beer or a few joints, the results are always the same and terrible for your personal finances. People make terrible decisions while under the influence of alcohol or drugs. That’s an outright fact. With that being said, if you’re not capable of driving when high or drunk, you’re not capable of betting either. If you’re intoxicated or have impaired judgment, just save yourself the losses and call it a night. Save your money for another day !
Not Double-Checking Info
Always double-check everything you read online, even if it’s coming from a reliable source! You never know what can go wrong. Perhaps it’s just a type, or perhaps there’s something more to it. Either way, you should never invest large sums of money into your wagers without previously double-checking all the information you’re working with. On top of that, never invest your money into bets recommended by so-called industry experts. While we don’t want to get into the whole scam discussion here, we still feel it’s important to emphasize critical thinking. Use their picks or predictions only as a portion of the whole story and try to corroborate it with additional stats and valuable insight. That’s how winning wagers are made!
Not Following the Newest Trends and News
You have to follow the latest trends if you are to remain a threat to esports bookmakers! When talking about trends, we’re referring to stuff like meta (most effective tactics available) alterations, as well as roster changes, transfers and news surrounding notable teams and players. If you’re in this for the long run, you need to stay up to speed with this stuff all the time! Go through your social media channels, follow prominent teams and players and follow their every move. The same goes for your favourite esports titles too! Sooner or later, you’ll see something groundbreaking first, and you’ll be able to react before the bookies. That’s the charm of esports betting!