When it comes to sports Betting, there are many ways in which you can go about it. Some of these are good, while others are pretty damn appalling. Sadly, we’ve all heard the stories of people that lose thousands on sports betting every weekend, but here are a few golden rules to follow that will prevent this from happening to you. While it can never guarantee that you’ll win money, it should stop you from spiralling out of control and throwing your money down the drain!

Only bet on what you know

Are you a football fan? Bet on football matches! More than that, bet on the matches you actually know a thing or two about. If you’re an avid watcher of the English Premier League, don’t start betting on matches from the Brazilian Second Division that takes place at 2 am in the morning! Cricket is another popular sport to bet on that includes so many different leagues and ways to bet. As you can see on https://sportnews.in/Cricket, there are plenty of leagues and matches going on right now, many of which include teams you have never heard of! As a cricket fan, your best chances of success lie in betting on what you know. 

Set yourself a limit

Each month, set yourself a maximum betting limit. This is how much you are going to bet in total every month. Well, you don’t have to bet this much, but you won’t be allowed to bet more than it. It will stop instances where you spend far too much money betting every single weekend when the sport is on. If you blow all your money on the first weekend of the month, that’s it. You have to deal with no more bets until next month. A lot of betting sites actually have systems where you can set these limits, making it harder for you to stray from them and carry on betting. 

Never bet again after a loss

Did you just put a bet on and see it lose? You were so close to winning…so close! As a result, your instinct is to put another bet on. Why not? You almost won this one, and if you win the next one you can make back what you lost and more. It seems like a no-brainer, so you talk yourself into doing it. In reality, this is how bet spirals happen; you keep losing, talking yourself into doing one more bet, only to lose and lose and lose. Follow this golden rule: when you lose a bet, don’t put another one on for that day or weekend. Accept defeat and try again another time. 

Ultimately, these rules will put you in a better position when betting on sports. Sticking to what you know will help you bet with more knowledge, which can increase your chances of winning a few bets per month. Putting a cap on your betting stops you from spending too much money, while learning when to leave will prevent you from spiralling out of control. As a result you can bet with more confidence and fewer losses!