Live Sports Betting and Keeping Your Cool

Don’t Let Emotion Rule Your Choices

There is no doubt about it that live sports betting can be an exciting experience. With this type of online wagering, you’re given the chance to put money on just about every possible play. That means that your wins and loses can fluctuate very quickly compared to the types of bets you make when you play a regular ticket.  There’s not a whole lot of waiting for the outcome with live betting.

Because the betting opportunities go from moment-to-moment and play-to-play, it’s important that bettors keep their cool. If you get volatile when the NFL club you bet on loses when their opponents kick a field goal as time runs out, then chances are you may go ballistic when the quarterback you just bet on throws a pick rather than a completion.  Here are some live betting situations of which you should be wary.

Losing Bet After Bet

You may feel frustration building as you’re putting cash on live NFL action and you lose three, four, five and then six wagers in a row. First of all make a rule that if you lose three straight, it’s time to take a break.  This will give you some perspective and allow you to calm down.

Take a break for at least the next four wagers. Do not wager again until you’ve put your loses and the game in perspective. There’s nothing worse than doing a full tilt in any sort of betting situation.

Wining Bet After Bet

This is the opposite of the first situation and can be just as dangerous as you run off five straight wins and bet all you have only to lose everything you’ve won, or worse yet, you double up on what you’ve won and lose all of that too.

Don’t go out of your comfort zone when it comes to how much you wager on a given prop. And remember if you are on a run, eventually it will end. Euphoria followed by depression and frustration can be very dangerous to any gambler.

Losing the All or Nothing Bet

You decide you’re going to make up for your losses by wagering on the quarterback throwing a touchdown pass from his own 20-yard line. Instead, he tosses an incompletion and that +800 prop you just bet on has taken all of your cash.

First of all, you should have never gotten to the place where you are wagering all or nothing and now that you’re there and have lost, you must stop betting. You should have walked away some time ago.

Wining the All or Nothing Bet

This is like winning five straight. It can make a bettor greedy, unrealistic and very cocky. No, you are not a savant. You will probably not do it again for a very long time. If you won an all or nothing bet, then go back to wagering one unit. And, as a rule, stay away from such wagers. Don’t make all or nothing bets.

Being Even After a Series of Bets

You’ve made six bets and are even. You’re not down but you’re not up. Some gamblers will see this as being a failure. If anything, you’re a winner because you’re not a loser. In any case, do not start pushing limits to make something happen by raising the ante or by taking risky bets. Chances are something will happen if you do this. You’ll lose.

Stay in the Game Means Keeping Your Cool

Before you put any cash down, you need to set your limit. It may be five, 10 or 20 units. But whatever you set as your limit make sure it fits into your betting budget and that you adhere to it. Staying in the game means keeping a clear head, making smart bets and knowing when to stop and walk away.