The world of Bitcoin sports betting is a jungle, and if bettors are not careful, they can get lost. Here are the worst bets bettors should not be making.
Outsiders and newbies look at sports betting and see a jungle. They look at point spreads and money lines like its Greek. What happens if there is a newbie entering this jungle with bitcoins to use for sportsbetting during his free time? Without knowledge on his side, a new bettor can easily drain his wallet without getting good returns.
Free Bitcoin sportsbetting from a Bitcoin faucet is not a bad idea. However, it can be dangerous for the uninformed. Here are the worst offenders that Sports Bettors should definitely avoid:
Not Cross-Checking Research. In the world of Bitcoin sports betting, knowledge is power. The more a bettor knows about their chosen sport, the better their bets will be. In today’s world, there are plenty of sports insights and analysis online. But a bettor that just accepts everything he reads or watches is a foolish thing to do. While there may be plenty of information online, bettors still need to figure out which information is true, and which is just inaccurate.
Nonsense Betting. Bettors are still human and they will favor one team over another. The trouble with that is buying into the hype. Even if a bettor loves the LA Lakers, if they aren’t doing so well against the Celtics, it might not be a good idea to bet on a Lakers vs Celtics match. Wise bettors know better. They look for games where they’re in for a win—even if, for them, it’s a terribly boring sport.
Falling for Big Bait. There are sportsbooks that can’t get enough of teasers, parlays, and other exotic bets. Wise bettors know this isn’t good for their Bitcoin sportsbetting. It isn’t even good for sportsbetting using free bitcoin. Sportsbooks promote parlays and exotic bets for a reason: they have the best opportunity to win. Impatient or amateur sports bettors love the potential to win a big payout but aren’t willing to start small and work up. Smart bettors know better. They want to make bets where they have a solid chance of winning.
Believing the hype. Wise bettors understand that handicapping is important for their Bitcoin sportsbetting. New bettors can fall into the media’s trap. Bettors keep track of players who have a good track record, injuries, or the current media favorite. Sportsbooks are also keeping track of this—and adjusting their lines accordingly. Whether they get a free bitcoin by sportsbetting or not, wise bettors know the value of their bets. They know that the line could look much worse, in certain situations.