It is a relatively unknown fact, that about 95% of all the bettors who place bets on sporting events lose day after day, and year after year. So what is happening here? Why are so many people failing where some are succeeding?

Discipline and Money Management

You need discipline and must learn how to manage your money if you want to succeed in sports betting. It is easy to create a money management plan, but it is far easier to stray away from it when you are witnessing a winning or losing streak.

As a punter who is betting on sports events, you will experience one of the following two emotions: you will feel greedy when you are winning, or you will feel desperation when you are losing. Both of these are equally dangerous.

Control Emotions

When a punter is on a winning streak, what he will do is double his wager in an attempt to stretch his winnings. This is a bad idea because a single loss can take away all the winnings. You must never double your wager, even when you are experiencing a winning streak.

Excitement is good, but over excitement can literally break your game. You don’t want to be in that position. So it is wiser to stay clear of these emotions.

The same thing happens when you are losing. You get desperate and continue placing bets in an attempt to recover your losses. There are good days and there are bad days. On a bad day, it is wiser to just stay clear of the game. You may go for free spins no deposit because there is no risk involved here. Another mistake that most punters make is to double their bets even when they are losing. They think that a single win will nullify all the losses they have suffered. They continue losing money, and the desperation keeps magnifying until the punter has lost his entire betting bankroll.