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8 Common Sports Betting Mistakes You Need to Avoid
Betting is difficult. There can be a lot going on with conflicting tips and strategies, but ultimately, we need to always get our basics right. With the help of https://match.center/ie/best-betting-sites/ we will look at the 8 biggest mistakes that are made in sports betting. Here’s how to avoid them:
Chasing losses
Chasing losses is the worst mistake to make when betting. It’s a natural thing, too, because we all become more risk-taking when losing. “Who cares if I lose this last fiver, I’ve already lost 20 today” and then proceeds to place a reckless, high odds bet in an attempt to get their losings back. Learn how to accept a loss and call it a day.
Poor memory
Remembering how the games have gone recently is a little bit like having your own place of research. If a team always loses their lead towards the end of the game, you need to remember that as it may be a wise move to cash out next time – or bet against them in real-time when the odds are preferable.
Not budgeting
Having no bankroll strategy is a recipe for disaster. Without mental limits of how much you can bet and deposit each week, you’re prone to overspending. This also allows you to not blow your budget on one bet, and instead place more proportionately reasonable stakes.
Not Researching
Placing a bet without any research is known as betting blind. Gut feeling can be a very real thing, but it’s important to see if the data backs up your gut feeling. Otherwise, you’re just playing a metaphorical game of roulette but with real events.
Unrealistic accumulators
Bookies enjoy people making large accumulator bets, because it’s easy money for them. They’re fun because they let us dream, but they shouldn’t be taken seriously. Perhaps a very small amount of your bankroll can be placed on these, or just forget them altogether. They shouldn’t be core to your strategy.
Biases
It’s guaranteed that if we bet on, say, football, it’s because we watch football. And if we watch it, we likely have a team we support. This is an issue, because it introduces biases. Some people back their team with money because they want them to win, but they’re not objective about their chances.
Not mixing up strategies
It’s common to have a bet you do each week that doesn’t change. For example, picking four games that will be both teams to score each weekend in the Premier League. In the investment world, this is known as a lack of diversification – it’s important to try out different strategies.
Betting for the sake of it
It’s important to only bet when you see a bet you like. People lose money when they routinely bet at the same time each week, and will find something (really, anything) to bet on in that moment even if they’re not convinced themselves. It’s better to make several bets and then take a break than to routinely put money down for the sake of it.
Asia
Goa Introduces an Entirely Online Lottery Platform
In a move towards modernising India’s lottery sector, the state of Goa has introduced an entirely online lottery platform, sanctioned by the Directorate of Small Savings and Lotteries. This initiative, known as Great Goa Games, aims to bring transparency and convenience to an industry that has long grappled with allegations of mismanagement and fraud.
Ticket sales commenced Monday, with the inaugural draw set for Sunday. Rhiti Group, led by founder Arun Pandey, was granted the license to operate and market the platform. “Our mission is to democratize opportunities through technology,” Pandey stated, emphasizing the secure and user-friendly nature of the app-based system.
Goa government official Narayan Gad lauded the move as a step forward for the Indian lottery sector. “With our online lottery streamlining processes through technology, we are setting a new standard in the lottery industry,” Gad remarked. “The technology-based product will enhance transparency and ensure improved monitoring and regulation of operations.”
This development follows new rules governing online lotteries, introduced by the Goa directorate in February 2023. Currently, 13 states in India, including Goa, allow lottery games, though others have banned them due to concerns over gambling addiction and operational irregularities.
Latest News
Catena Media Announces Board Changes
Catena Media’s board of directors announced the appointment of Stephen Taylor-Matthews as non-executive director and the departure of Øystein Engebretsen from the board of directors.
Based in London, Stephen Taylor-Matthews is a tech entrepreneur, executive advisor and investor with over two decades of experience in online gaming, sports betting and data analytics.
He is the founder of Polynate, an AI-first company delivering next-generation sports engagement solutions, and has worked at Underdog Fantasy, GoatGaming and Betgenius in previous roles.
Stephen Taylor-Matthews commented: “Catena Media is in a transformation phase and I’m excited to be joining the board at this juncture and to contributing my industry expertise and insight.”
The appointment coincides with the departure from the board of Øystein Engebretsen, who has served as non-executive director since September 2018.
Erik Flinck, Chairman of the Board of Directors, said: “Øystein has made a valuable and important contribution to Catena Media for more than six years. I warmly thank him for his efforts and wish him well in his current and future ventures. At the same time, I am delighted to welcome Stephen Taylor-Matthews to the board. His experience and expertise will be a valuable asset for Catena Media as we move forward.”
Stephen Taylor-Matthews’ appointment will become effective once all necessary filings are made with the Malta Business Registry, and his term will run up until the end of the next annual general meeting, in accordance with the Maltese Companies Act and Catena Media’s articles of association.
Latest News
Endorphina Partners with R. Franco Digital to Expand Reach
The leading online slot games provider, Endorphina, has announced a brand-new partnership with R. Franco Digital, a renowned manufacturer of AWP machines. This collaboration allows Endorphina to expand its reach in the Spanish and Latin American markets.
Endorphina is one of the top iGaming software providers for the B2B market, developing online slots that cater to a wide range of slot enthusiasts. Over the years, the provider has established itself as one of the most innovative slot suppliers in the industry, dedicated to expanding its products to players worldwide.
Zdenek Llosa, Senior Partnership Manager at Endorphina, said: “We are genuinely excited to join forces with R. Franco Digital, a trusted name with a rich legacy in the Spanish and Latin American gaming world. Partnering with a platform that shares our passion for quality and player satisfaction is truly inspiring. Together with the R. Franco team, we look forward to creating memorable, fun experiences that bring joy and excitement to our shared communities across Spain and LATAM. This collaboration feels like the beginning of something truly special.”
Franco Digital, a subsidiary of the Recreativos Franco Group, has been known for providing its customers with the best turnkey solutions for over 50 years. As a pioneering manufacturer of AWP machines, R. Franco Digital is founded on an innovative company culture that uses the best methodologies and technologies available, working with talented and disruptive people to deliver the best solutions.
“At R. Franco Digital, we are always striving to enhance our platform with innovative, top-quality content that resonates with our audiences, particularly in Spain and Latin America. Partnering with Endorphina allows us to bring a fresh, engaging catalog of games to our players, combining our platform’s power with Endorphina’s creativity and expertise. This collaboration underscores our commitment to delivering premium gaming experiences tailored for Spanish-speaking markets,” said Javier Sacristán, International Business Director of R. Franco Digital.
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