Many sports bettors just aren’t looking at things from the right angle.
Unless you enter the world of sports betting in the right frame of mind, then you are almost destined to struggle achieving success. To make money betting on sports, you need to think differently, to adopt new ways of thinking, and sometimes even to be counter intuitive.
Your mindset is simply a way of thinking that determines your behaviour, your outlook and your mental attitude. For any given set of betting events and their different outcomes, i.e. wins, losses, setbacks, and mistake, your mindset is the factor determining how you will respond to them. It’s the middleman between the events that happen to you and your reactions to those events. Your mindset can help you to be successful in your sports betting, or it can be the barrier that’s keeping you in the stalls unable to get out of the gate.
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There are several important cogs in the wheel that contribute to a true winning mindset when it comes to sports betting:
Think back to a time when you had a losing bet or had a bad betting day. Who or what was the cause of the result you got? The bookie? The exchange? The horse? The team? The computer you were using? The room you were in? The weather? The dog ate your homework…I mean your form guide?
No, that’s right. You must understand that you, and you alone, are responsible for your own results. Your betting outcomes are your own creation. It is easy to find some other cause for your poor performance. We can all create stories that shift the focus and lay blame on an outside source and complain about a good bet that still lost.
Know that this is perfectly fine, and is likely to happen a lot. But instead of spitting the dummy and throwing away your bankroll in a tantrum, accept this as an opportunity for you to grow and learn what types of bets you should perhaps avoid in the future.
A mastery approach makes personal growth your number one priority. It allows you to make mistakes while focusing on a process of continual learning and development.
When you adopt a mastery approach, betting becomes a series of chances to improve, to develop new skills and understanding. Feedback from each bet and each day is important to development, and those with a mastery approach see feedback as an opportunity to learn, develop and improve performance.
A true master watches his own performance, and pays little attention to others or their opinions. They are always willing to accept responsibility for any outcome that they influenced, good or bad.
Sports betting is a risk taking endeavour, it is how you are rewarded, and if you want to be successful, then being able to embrace risk is key.
Don’t be afraid of risk. As a sports bettor, you are at the core a risk taker. Welcome risk, just as you will welcome the rewards that accompany it.
Sporting events are never a “sure thing”, and uncertainty is not an easy concept to deal with. Most of us fear the unknown, but would we really want to know what’s going to happen all the time, or would that remove the whole point, diluting the challenge, and the joy of the rewards?
Understand that you will never know for sure what is going to happen next, and in fact you don’t actually need to in order to be successful and profitable. Some sports bettors are addressing uncertainty and randomness by moving more towards sports trading approaches, backing and laying, trading in and out, taking profits at pre-chosen prices and not just waiting for the final outcome.
A common misconception is that the primary focus should be on picking winners. However, to enjoy long term success in betting, you’ll need to shift your focus to managing your risk, and controlling losses rather than just on picking as many winners as possible. This leaves you open to continual learning that keeps you in the game, and enables you to improve your betting skills and become more profitable over time. Join Unibet today for the best tips to reduce your risk and start betting with a matched bonus up to $300.
It might sound like a foreign concept, but some people like to bet just for ‘fun’. Ask yourself if your goal is having a bit of fun or to make some money?
Those who make bets for fun and excitement are less disciplined and more casual with their wagers as opposed to bettors that are looking to make a profit. So, if you’re looking to make a living from sports betting, you need to approach it as a business, and bet only for profit, never for the thrill and excitement of the punt! Focus on the flawless execution of your betting strategy.
If making money from your sports betting is the objective, then take a big picture approach to your wagers and think long term. As with the tortoise and the hare, slow and steady wins the race. This might seem difficult to accept, particularly in today’s age of instant gratification and fast food, but it really is the only way you will survive over the long haul and become a successful sports bettor.
When you’re a new bettor, any victory feels like Christmas! But over time, small wins just don’t give you the same adrenaline rush and satisfaction that you once got as a less experienced bettor. Don’t make the mistake of throwing more cash on certain games simply because you want to cash in big!
Many successful sports betters achieve their results by having multiple small wins that outweigh their small losses. They are risk managers. They enjoy the process of winning and get their buzz from seeing their bank balance grow over time, and not from one-off short term quick fixes.
Money can have emotional and psychological effects on people and the decisions they make. How you think about money can affect how you bet and the outcomes you get.
Manage your betting bankroll as if your life depended on it. Don’t bet big in an effort to recoup a handful of losses in one fell swoop and don’t ‘over-bet’ what you know logically that you can’t afford to lose. Respect your money, and always remember that if you take care of your bankroll, long term it will take care of you too. Get off to a flying start with Sportsbet, enjoy a matched bonus bet up to a massive $501! Click here to Join today.
Do you believe it is possible to win at sports betting? At the end of the day, it’s all about the mindset. If you believe you can be successful at sports betting, then you are half way there.
Like a successful athlete, you’ve got to believe in yourself and your ability to emerge with the win. Plus, don’t forget that the availability and accessibility of information and data today has significantly increased to give you an extra edge.
Why not take the opportunity to exercise your winning mindset this Emirates Stakes Day at Ladbrokes. You’ll find more information, data and analysis available about Spring Carnival than at any other time of the year. So, take advantage of the insight available to you, put some our nine keys to the test, and see if you come out ahead at the end of the Carnival.
Just remember that success in sports betting is possible; you may be able to achieve it yourself, but it will take time and effort, it will take a professional approach, and it will take discipline. To start becoming a winning bettor, sign up here with William Hill and enjoy a bonus bet equal to your first deposit up to $500!
Betfair:
Bet on Henrik Stenson to become the BMW PGA Championship Winner.
Paddypower:
Back Australia to take the Ashes home with them.
Betway:
Back Rafael Nadal to become the Mens French Open Winner.
Coral:
Back One For Arthur to win the Grand National.
Bet365:
Back Mexico to win the Confederations Cup.
