Sports Betting 101: Avoid These Common Mistakes

Here’s a clear and practical summary of the Action Network video featuring experts Sean Koerner and Chris Raybon (published August 4, 2025) (YouTube):

📝 Key Mistakes in Sports Betting and How to Avoid Them

1. Emotional Betting

Betting on your favorite team or letting gut feelings drive decisions often leads to losses. Successful bettors use data, odds, and analysis—not emotion (actionnetworkhq.zendesk.com, Sports Betting Dime).

2. Lack of Bankroll Management

Failing to set and stick to a budget can be financially dangerous. Experts recommend risking no more than ~5% of your bankroll per wager to stay disciplined and sustainable (YouTube).

3. Chasing Losses

Doubling down after a loss in order to recoup quickly is a common trap and often causes bigger deficits. Stick to your strategy and betting plan instead (Sports Betting Dime, actionnetworkhq.zendesk.com).

4. Neglecting Line Shopping

Different sportsbooks offer different odds. Skipping the opportunity to compare them means potentially missing better payouts. Line‑shopping is crucial for maximizing value (Sports Betting Dime, actionnetworkhq.zendesk.com).

5. Ignoring Research & Value Betting

Bets shouldn't be made impulsively or based on hype. Do research—look at team form, injuries, statistics—and aim to bet when the odds represent value relative to your estimated probability (actionnetworkhq.zendesk.com).

Additional Points Often Mentioned:

• Don't bet drunk (impaired judgment leads to poor decisions).

• Avoid betting on sports you don’t follow—stick to what you know.

• Don’t blindly follow public or popular picks.

• Be cautious with impulsive live betting—always have a plan (Sports Betting Dime, actionnetworkhq.zendesk.com).

✅ Takeaways & Practical Tips

• Make emotionally detached decisions. Bet with your head, not your heart.

• Manage your bankroll—use consistent, limited stake sizes.

• Stick to your strategy; don’t chase losses.

• Always compare odds across sportsbooks to find the best edge.

• Only bet when you've done homework; prioritize value over popularity.

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