NFL or the National Football League is a football league consisting of 3 teams. Formed in 1920, the NFL ranks highest on the scale of professionalism in American football. For this reason, NFL is assumed to be the best arena for sports betting; after all, it generates as much as $270 million in revenue from betting and gambling alone. If you’re new to the playground, here’s all the mistakes NFL handicappers make that you must look out for:
1. Only Betting On Your Preferred Franchise
Here’s where your fan self is likely to become an obstacle for you; don’t let pessimism take over your emotions regarding your favorite NFL franchise while you are betting. Being passionate about a particular team is known to almost always lead to bad bets. It’s best to take a rather holistic approach to reap the benefits of valued bets fully.
Moreover, you will also need to control the urge to bet for or against your favorite franchise when considering the over and under-lines. Because these lines are set scientifically, it’s highly likely that selecting “over” too often will push the “under” to prevail.
2. Betting On One Too Many Parlays
Too many parlay bets placed simultaneously or placing combinational bets on two or more results is another common NFL betting mistake that results in failure. These are usually preserved as more attractive since risking a small portion of the total stake calls for a big potential payout. As a bettor, you have way better chances of winning money on straight bets than parlay bets. This is because the chances of a plus two on the final score are far slimmer than predicted.
3. Not Managing the Bankroll
This is another very common mistake viewed in the betting arena that turns out to be the most disastrous. The key to becoming a successful NFL bettor is to manage your bankroll by diving the stakes or setting limits on daily wagered cash.
It’s also important to understand that the value isn’t always going to remain on the Moneyline. This makes it crucial to view the other aspects of the ongoing game, such as the players to score, the number of touchdowns, and other similar factors to rightly deduce your potential winning chances.
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