Does emotion have a place in sports betting?

No matter what your sports betting strategy, you must realise that there will be highs and lows, but never forget that it’s long term profitability that is the ultimate goal.

A short term sample of days, weeks or even months won’t give a good indication of your ability to win money with a particular betting advice service. This can only be measured over the long term. Over a longer period the results should show a steady income of profits, regardless of the short term wins and losses experienced along the way.

Because of this it is important to approach your betting with as little emotion as possible. Of course this is easier said than done, and is harder for some than others, but if you panic and chase losses or get carried away after a few wins, your emotions will ultimately damage your profitability. The odds of getting either heads or tails from the 11th toss of a coin are exactly the same as for the previous 10, even after 10 tails in a row!

If you can master your emotions and decide that win, lose or draw you are going to follow your chosen strategy through, you will have a much better chance of long term success. Yes, it’s difficult, but that is precisely why so few people manage to do it. Be a part of the minority who are successful in their sports betting by deciding to stick to your betting strategy no matter what.

For more information on developing successful betting strategies, read Big Mike’s free betting blog.

3 Steps to Successful Sports Betting

When it comes to sports betting, you need to make sure you have a successful strategy in place in order for it to be profitable. Here are 3 basic steps that every serious sports bettor should be following:

1. Use a betting bank

This will help you to keep the money you’re using for betting separate from your personal finances. This enables you to keep track of your earnings more easily and helps protect you from making emotional/panicked decisions when you’re placing bets. Set aside an amount that you can comfortably afford to invest and you’ll avoid a multitude of problems.

2. Plan ahead

Based on the amount in your betting bank, prepare a betting strategy that you can stick to even if you go through a losing run for a while. If you bet more than you can afford to initially you won’t be able to ride out the storm to get to the other side. Make sure your strategy is based on the numbers rather than your hopes or emotions.

3. Stick with it

If you can’t stick to a long term strategy, chances are you will fail in the short term. Once you’ve decided on your strategy, you need to commit to it on an ongoing basis. Chasing losses or getting carried away with lucky wins won’t lead to long term profits, so decide to stick with the plan regardless of what happens in the short term.

If you need help coming up with a successful strategy, Big Mike Betting offers tried and tested betting advice for newbies and experienced punters alike.