Common Esports Betting Mistakes and How to Avoid Them
I am sure most of you have several friends that are hardcore esports betting enthusiasts. They are constantly following the latest news regarding their favorite esports, keeping up to speed on the latest results and roster changes, and they're quite frequently bragging about hefty returns. But from time to time, their bragging tales take a vile turn and end up sounding like lessons on the most common esports betting mistakes to avoid.
Everybody makes mistakes! The goal isn't to avoid making mistakes altogether but to learn from them instead-that's the tricky part. This is basically the golden rule for esports betting: It's okay to make mistakes as long as they end up teaching you something.
With all that in mind, I'd like to present you with my special treat for the day-an in-depth approach to the problematic nature of esports betting mistakes. More precisely, I have prepared a comprehensive list of the most common esports betting mistakes to watch out for, and I would like to guide you through them one by one.
The esports betting industry is as vast as it is unforgiving, especially for newcomers who don't have any prior experience with how online betting works. It's a tricky situation to be in, that's for sure. Luckily, there are a ton of places offering invaluable information on the best esports betting sites, this website is one of them.
Esports Betting Mistakes to Avoid
Here comes the main section of this article! There's a total of seven esports betting mistakes to avoid that I could think of. That said, I don't see a reason not to kick things off right this instant!
Having Unrealistic Expectations
The first thing I find silly coming from newcomers is their extremely unrealistic set of expectations. I swear, every other guy imagines becoming a straight up millionaire solely off of esports betting. Needless to say, the chances of this happening are the same as my chances of becoming the next Hugh Hefner. Sounds about the same, right?
Sure, there are people who've become rich thanks to esports (and traditional sports) betting, but they're a neglectable minority. Maybe 0.01% of people get rich, perhaps even less. If you want to pursue an esports betting career, your mindset should be free of unrealistic expectations. If you're a knowledgeable guy with a proper esports betting strategy, maybe you'll get to cash out big several times a month. But you have to understand that there will be some awful months too, more often than not. So, steady your pace-esports betting is a marathon, not a sprint!
Not Paying Attention to Your Budget
Let's face it, most of us are on very strict budgets and usually don't have enough headroom for our hobbies. That's why it's really important to pay attention to them and assess the amount of money we can bet on before we even start thinking about placing any bets.
Sometimes, we bet too much early on and end up broke by the end of the month. It has happened to me too, there's nothing to be ashamed of! However, we're here to learn from our mistakes and that's what I'm trying to tell you here. Pay attention to your money. Bills, food, drinks, and all the necessities have to come first. Betting comes second to all your needs. Use this as your golden rule, and you're good to go!
Not Taking a Pause After a Huge Return
If you've just hit it big and you're ready for a cashout, call it a day or night and be done with it. Often times, people get greedy and start splashing out much bigger bets with their hard-earned returns. This is a bad practice since the betting risk increases greatly. Refusing to take a break after a huge return can quickly become a slippery slope.
It's best to cash your money out as soon as you hit it big! Of course, leave something for future bets but cash out the majority of your return. This way you will be able to spoil yourself a bit but still have some change in your online betting wallet by the next big esports event.
Using Bad Esports Bookies
Using bad esports bookies should've been at the top of this list since it's the first mistake virtually all newcomers make. I don't blame them for not knowing. After all, we've all been beginners at one point, so we know firsthand just how complicated the esports betting hobby can be.
The industry is a total mess right now, with a huge number of new betting sites fighting for their share of the market. It's a war zone out there, so it's tricky to find what you're looking for right off the bat. With that said, if you already have an account on a bookie that you aren't overly pleased with, why don't you check out our page dedicated to the best esports betting sites available.
Not Doing Enough Research
Obviously, if you want to win a few bets here and there, you can't just rely on your luck all the time. Knowledge is what makes good esports bettors, not luck! Sure, you can win a couple of bets and think you're the bee's knees, but luck can turn quickly, so relying on it is never a good practice.
Instead, what you should rely on are raw statistical data and pro scene knowledge. This is something that doesn't come overnight, so make sure you start exploring and learning; that's the only way you can make it in this unforgiving hobby.
Making Anger-Driven Bets
This right here is probably the biggest mistake of them all. Been there, done that, as far as I'm concerned. There's nothing that can anger you like losing an already won bet in the final seconds of a match. That's a proper trigger right there, a trigger in the heart of your online betting wallet, that is!
I can't even count how many times I've done this, and that's not something I'm proud of. I strongly advise you not to be like me. Don't bet when you're angry and emotional about losing. Relax, drink a few beers, and call it a night. Trust me, the very next day, you'll get back up to speed with more betting ideas than you could've imagined the day before, unless you go over the top with beers and a proper hangover hits you right around 8 am.
Not Knowing When to Stop
Not knowing when to stop is a common mistake. It's kind of a silly issue since I consider myself an esports betting expert (or a somewhat knowledgeable individual, at the very least) and yet here I am, making these rookie mistakes like I'm just starting out.
Knowing when to stop reflects solely on your budget. What I like to do is set aside a small amount of money from each paycheck that's going straight into my online betting wallet. That's pretty much it for that month! Nothing less, nothing more. The problem is, I sometimes cave in and deposit extra money near the end of the month just to satisfy my betting cravings. That is, of course, if I'm on a bad run. If I'm on a good one, then not only will I treat myself with a few cashouts, but I'll also save some extra money for the next month.
Not everyone uses this system. I know for a fact that many people are constantly depositing more money, hoping to break even by the end of the month. Obviously, this is a very bad way to approach betting. You can quickly end up without a dime, and we all know a person can only live on a ramen-only diet for so long. This is especially true in esports betting since most esports bettors are still relatively young and don't have a lot of money to spare.
To sum it all up, set aside a portion of your monthly income and deposit it all at once. If there are bonuses available, you might even get some extra cash in your bonus wallet. It would be ideal to plan out your own esports betting strategy that will allow you to have money in your online betting wallet for the entire month.
Esports Betting Tips and Tricks
Now that you've all seen the most common esports betting mistakes to avoid, here's a couple more betting tips and tricks to help you out. It's nothing spectacular though, just three guidelines to lead you through your next esports betting endeavor.
So, without further ado, let's kick it off!
Keeping Track of Roster Changes
All esports titles have a rest period. A period in which players take a well-deserved break while their organizations look to improve their rosters for the upcoming season. Even though there's an obvious lack of top-tier tournaments during the rest period, it is still very important for esports bettors. How come?
Well, if you want to be a successful esports bettor, you need to keep track of all roster changes to avoid making silly mistakes in your early season betting slips. There are plenty of websites tackling exactly that, so make sure you get your RSS feeds ready to keep on top of all the changes. Needless to say, roster changes can make or break your betting score so keeping an eye out for them is of utmost importance!
Exploring Special Bets
If you're not just betting for mere fun but to actually win some extra cash on the side, then you should definitely start exploring special bets. These range from the usual likes of the outright winner, region of the winner, pistol round, first blood, and so on, to more complicated and sophisticated bets such as exact score, rounds handicap, and similar.
Needless to say, quantifiable in-game aspects greatly vary from game to game, so I can't really go into more depth here. If you're already set on making it big in the esports betting industry, take my advice, and start exploring the specials. Who knows, they might just help you earn some extra money!
Avoiding the Favorites in "Best of" Series
This one might seem like a long shot at first, but as far as the major esports titles are concerned, best of one series are as tricky as they come. Don't get me wrong, betting on favorites is not that risky with Bo3 and Bo5 series as their map pools and consistency are usually one level above the underdogs. However, this all falls in the water with best of one series, one bad round, team fight, and similar can be a turning point for late game snowballing.
That's why I'd advise you never to bet on outright favorites in best of one matches. The betting odds are way too low to be profitable, yet the risk can break your bank real fast.
For more info on esports betting tips and tricks, make sure you check our in-depth Esports betting guide.
Wrapping Things Up
As far as the most common esports betting mistakes to avoid are concerned, I think all of the above pretty much covers it. I'm sure you've realized by now that there are plenty of traps in this hobby. Not knowing when to stop and making anger-driven bets are probably the biggest mistakes people make these days. These mistakes can turn into a problem in a matter of seconds.
Now, don't think I'm advising you not to bet on esports matches. I'd never do such a thing! After all, I cannot enjoy something and advise other people not to do the same. What I'm basically trying to say here is that you need to take things with a bit more caution. Esports betting is a great way of spicing up your late-night entertainment and even getting a few extra bucks here and there.
But you have to understand that majority of esports bettors actually end up losing money. That's why you should take things slow and build up your wallet alongside a few hefty returns before even thinking of going all in.
That said, I'll leave you with your thoughts! Thank you for sticking till the very end, and hope to see you again soon!