Basketball Gambling Tips

7. Don't chase your losses.
When you do run into the inevitable losing streak, don't panic and make the common mistake of betting larger amounts in an attempt to recoup your losses. Instead, examine your handicapping methods and reduce your betting amounts until you start winning again. Remember - chasing your losses is the single biggest mistake a gambler can make. Once you start winning again, increase your bets slightly, but don't go overboard - unfortunately, like losing streaks, winning streaks also come to an end.8. Don't bet just for the sake of betting.
There is no shame in passing up a bet. Remember that there are sports betting opportunities almost every day of the year. Don't bet simply for the sake of gambling - be patient and wait for good value betting opportunites.9. Practice smart money management.
Good money management is just as important as picking winners. Increase your betting amount only when showing an overall profit and reduce your betting amount when you are losing. Try to set a maximum percentage of your betting capital that will be placed on any one bet in order to minimize your exposure ... many professional handicappers suggest that no more than five percent of your wagering capital be at risk on any one bet, no matter how strongly you feel about the game.

10. Keep accurate records.
Accurate records of your wagering activity are essential for increasing your winning percentage. For example, do you tend to bet your home team or your favorite team more than you should? What are the current trends - are more underdogs winning early in the season? By maintaining records of statistics as well as your betting history will help you to avoid destructive wagering patterns and, at the same time will enable you to spot trends that may give you an edge.

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