Why you lose money in cricket betting – Avoid these mistakes

If you have been losing money consistently on cricket betting, you need to change your strategy of betting. Read on to find out the mistakes you are making and what you can do to avoid them in future.

There is no doubt that cricket betting is unpredictable. The game is subject to upsets and this happens more often than any other sports. Cricket is often influenced by external factors, like the weather and pitch, and this can cause bettors to lose money. If you are losing money at online betting cricket websites, here are the mistakes you need to avoid.

Not Doing Research on Each Team

When two teams play each other, you need to spend time researching each team’s strengths and weaknesses. Most cricket bettors don’t bother researching and just go with the odds that betting sites offer. If you follow this method of betting, you are bound to lose money.

You will improve your chances of winning when you spend time researching your picks. Rather than going with the odds, identify betting value so that you make an informed betting decision. Look at how your picks have performed in the past against each other and how the weather and pitch may influence the outcome of the game. This way, you will be in a position to bet wisely and therefore, you will increase your chances of winning the bet.

Placing All Bets with a Single Bookmaker

Every bookmaker offers different odds when it comes to a sport. The same holds true for cricket betting. So, if you are sticking to a single bookmaker to wager on live cricket matches, you are going to lose regularly. Instead, create a portfolio of reputable and reliable sports bookmakers. Once you do this, check the odds that different bookies offer. Then identify the betting value.

By having a number of bookmakers, you can take advantage of the best betting value, promotions and odds to increase your chances of winning. Always look for the best odds and jump between bookmakers to ensure you enjoy the best price.

Chasing Your Losses

In cricket betting you will lose some and win some. That is part and parcel of online betting. However, if you have been losing consistently, most probably you have been chasing your losses to try and recover the money. If you want to win more often than lose, never chase your losses. Instead make note of the loss and try and figure out why you have lost. This way, you will avoid the same mistake in the future.

It is extremely important that you don’t double your bets to recover the losses. Instead, stick to your betting strategy and work to recover the losses over a period of time. This is the only way to avoid depleting your bankroll. Remember, cricket is an unpredictable game and you may not be able to do anything to lose a bet. But sooner or later if you follow a coherent betting strategy and take advantage of the betting opportunities, you will recover what you have lost.

The Bottom Line

There are the most common mistakes that cricket bettors make. So, if you are losing money at online betting cricket websites, you may be making the same mistakes. Avoid these mistakes and you will improve your chances of winning, especially if you know how to identify betting value for the odds that bookmakers offer.