Betting on NFL and college football is a common past-time for most sports fans who follow American football. Whether they’ve found a legal way to bet at an online sportsbook, Vegas or among friends and fantasy leagues, the thrill of making or purchasing your weekly NFL picks and throwing some hard-earned dollars or set bankroll can be equivalent of watching your lotto numbers come up on the screen.
In the longer term, only a small percentage of NFL bettors make a profit. Key point is long term. Sports investors (and sharps) on the other hand have shown much higher percentages of long term profits, and greater profits than that of the average stock market investor.
In this post, I’ll show you 5 common mistakes most NFL bettors make betting on NFL, and what you can do avoid these mistakes to join the ranks of the profitable football bettors each season.
Get a free 30 day trial to access over 20 expert NFL handicappers football picks. Industry veterans with over 30 years experience making NFL handicapping a profitable career.
Even on a seasonal basis the best NFL handicapper can make good profits over their career. Why is that? A combination of prudent bankroll management, betting or investing experience, and applying (and sticking too) the right betting strategy These 3 areas play a major role in making profit betting on NFL…and of course timing is everything.
But that’s not what this post is about. I’m here to ed-u-mu-kate you on the most common mistakes in NFL betting that expert handicappers, bookmakers and NFL bettors make with the online sportsbooks every week.
1. Betting Blind
It’s rather an obvious one, but don’t bet on something you don’t understand. This goes without saying for betting on a specific NFL game where you don’t have any insight or edge, as well as applying a betting strategy you don’t understand.
To combat this, it goes without saying is to do your homework. Run your statistical analysis of the football matchup, check injury reports, players, historical performance and the other common NFL betting statistics. But time is money, which is why many NFL bettors and investors save their time and rely on the experience of professional NFL handicappers to do all the legwork up-front…just as you would do with your investment advisor for your 401K or RRSPs.
But you are a pro, right? Or you just have a love for the game and research. So shop around at the sportsbooks. Who’s offering the better odds, and who’s moving their lines – all indicators of where the money is flowing and where the edge lies. From an investor perspective, you wouldn’t just get a home mortage at your bank without shopping around to get the best interest rate, right? Do the same with your NFL betting and shop around at the books for the best line.
Don’t have time to so the weekly research and all the homework that comes with making the right prediction or pick for this weeks NFL games? Then just as many investors do who buy into an investment information service to get the insights and where to invest their money, you can do the same with a sports investment service or top-performing NFL handicapper (check our NFL handicappers results this season).
But if you are a man of sound judgment with time, pore over the sports journals and develop your own nfl betting system (and why 90% of betting systems don’t work) using statistical analysis to become more acquainted before making your NFL pick.
2. Quick Money
Never take NFL betting and especially sports investing as a “get rich” scheme. It’s natural for you to yearn for winnings and long-run success. However, sports betting is not that simple. It takes time to become an experienced punter, who is able to predicting the outcome of the game and consequently win a bet.
Bettors who are interested firstly in becoming rich get discouraged very soon. They don’t have the needed patience in order to overcome all the learnings and difficulties on their way to long-term profit. Remember – a good punter and investor is a patient punter.
3. Attracted to Exotics
Don’t get tempted to bet on teasers, parlays, props and other exotic stuff the online sportsbooks offer, because the chances of hitting the these in most cases are statistically too small. There are other NFL betting strategies you should consider before stepping up to the exotics.
Perhaps you are lured by the odds which promise to pay you out 10-to-1 if you manage to hit the 4-teamer, but such miraculous winnings are exceptionally rare.
Instead of betting on four teams at once, you wager on these teams separately. So if the three or at least two bets turn out to be successful, you’ll walk away as a winner.
These exotic football bets are very tricky and sometimes it seems like the sportsbooks bookies made them out intentionally to get more profit. Again – you’re just increasing the odds against you with exotic betting. Start simple, and bet simple to start.
5. Bet on Your Favourite
As tempting as it is to bet on your favorite team, statistically, history has shown the odds are against you. Just read the posts on 2 tips Sharp NFL bettors don’t want you to know and the Handicapper strategy, betting against ‘squares’s.
While this is a common mistake to bet on your favorite NFL team, this point is a heated debate among football bettors and sports bettors in general.
However, most of the professional bettors and punters understand the logic behind this, and the strategies Sharps use against the public opinion and money flow with the books to win and profit.
Certainly, it takes away some fun of the betting process, but are you here to win bragging rights on your win, or to make some serious money?
Sports investors, Sharps and the smart punters know that profiting in sports betting is all about statistics, calculation, and information. Be unbiased and responsible when it comes to placing your NFL prediction on the next game. And while it may seem a challenge to handle the emotions in case of your favorite team, draw a line between your intention with your NFL picks and bets for the game…is it for entertainment and amusement, or strictly business.