According to the statistics, more than 20 million people are betting on sports in India. If you don’t count cricket, this number would be lower. However, it’s not that much considering the planet’s population of 7 billion people. Yet compared to other online or offline gambling forms, betting on sports is comparatively less popular among Indians.
Are you a beginner trying to make the first steps into the world of sports betting in India? Then you probably have noticed that it is not as easy as many people would like to make it seem.
Having successful bettings results from implementing a good strategy and betting smartly. So, there are some mistakes you should avoid to turn sports betting into a hobby with profit. Let’s go over them.
Mistake #1 – Too Much Betting
One of the most common mistakes people make when betting on sports is betting too much, thinking that this will increase the probability of winning. The reality is that this is not true.
Betting on sports can be addictive, and it often lowers your winning rate. For this reason, you should set a budget for betting and never risk more than 2% of your bankroll on any one bet.
Mistake #2 – Not Paying Enough Attention to the Games
The second mistake that many people make when they start betting on sports is not paying enough attention to the games they are betting on.
It would help if you never bet on sports you know nothing about or are not interested in watching. If you want to bet on a sport, make sure that you understand the rules of the game, who the players are, how they play, and their strengths and weaknesses. You should also pay attention to which teams are doing well during the season and performing well against each other. If you don’t have time for all this research, there are many sites online where experts have done this work for you.
Mistake #3 – Ignoring Bonuses And Rewards Offered By Bookies
One of the biggest mistakes you can make when betting is choosing a betting site that doesn’t suit you.
It is ok if you are not familiar with it, and to help you choose one, here is this list with the best sites for Indian bettors that you can use as a guide to finding reliable platforms. Some of them return some of your losses, and others offer bonuses and rewards for using their site, so it’s essential to make sure you’re picking the right type for you.
Experience comes with time and practice!
When you try to bet on sports, you have to keep in mind that there are still many things that you should learn.
There are many different types of bets, and each type has its own rules and regulations. You need to know all about this before you start betting on sports. When you’re new to the game, it’s best to start slow by making small bets. If something goes wrong or if you lose money, it won’t be such a big deal. You can then move on to more significant stakes once you get more confident and experienced with your bets.