10 LED Betting Mistakes That Cost You Money
1. Ignoring Bankroll Management - Betting more than 5% of your total bankroll on a single wager is the fastest way to lose everything.
2. Chasing Losses - Doubling down after losses leads to emotional betting and poor decision-making that compounds losses.
3. Not Shopping for Best Odds - Failing to compare odds across multiple platforms can cost you 10-15% in potential profits annually.
4. Betting Without Research - Making decisions based on gut feelings rather than data analysis and statistical research.
5. Overconfidence After Wins - Increasing bet sizes dramatically after a winning streak often leads to giving back all profits.
6. Ignoring Value Betting - Focusing only on favorites instead of identifying undervalued opportunities with positive expected value.
7. Poor Record Keeping - Not tracking bets makes it impossible to identify profitable strategies and costly mistakes.
8. Betting Under Influence - Making wagers while emotional, tired, or under the influence leads to poor judgment and significant losses.
9. Following Tipsters Blindly - Relying on others' predictions without understanding their methodology or track record.
10. Not Setting Stop Losses - Continuing to bet during losing streaks without predetermined exit strategies.
