What is the #1 rule you live by in sports betting?

[Marvelman]

I've learned the hard way that you can't let emotions rule your bets.  When youre on a winning streak, it's tempting to bet bigger, chase the high.  But going overboard is how you end up losing it all.  Same after a loss - desperation leads to throwing good money after bad.  The number one rule for me is keeping things realistic and sticking to my plan, win or lose.  No crazy risks while riding high or doubling down to make up for losses and  moderation and self-control are key.  I've had to train myself not to get too high or low.  Making smart bets is more about mindset than anything.

[entertheabyss]

I've learned the hard way that you can't let emotions rule your bets.  When youre on a winning streak, it's tempting to bet bigger, chase the high.  But going overboard is how you end up losing it all.  Same after a loss - desperation leads to throwing good money after bad.  The number one rule for me is keeping things realistic and sticking to my plan, win or lose.  No crazy risks while riding high or doubling down to make up for losses and  moderation and self-control are key.  I've had to train myself not to get too high or low.  Making smart bets is more about mindset than anything.

Risks are here and the number #1 rule to lived by in sport betting is risk management, knowing the losses to take in and when to stop. Keeping a calm mind and training to be a better version of myself, always putting in the work. We can't not be afford to lose more than what we have in the space, I'm just keen on making sure I'm bringing home significant profits. Sport betting is not easy as we all look at it, just gamble with caution and at the end of the day, everything will run smoothly.

[boyptc]

Not to gamble with others money. That is my rule to myself because if I cannot afford to gamble then I shouldn't and much better not to force and find a way to do it.

One of the ways that many gamblers does when they do not have money anymore, is they find a way to gamble and that is why it is better not to gamble and not to borrow just to gamble.

[len01]

first rule is always to try your luck with a $2 bet on a high risk parlay bet.
next rule when have a bigger budget and there is a match with a very big chance of winning stick to betting on single bets without going over the betting limit of -$100

the 2 reasons that I apply are the ones that I always use in every sports (football) bet. this way it is more consistent and easier for me to manage the gambling budget that I have.
only $2 sometimes provides big profits if we can win multi bets with odds of at least @10+

[pawanjain]

Not to gamble with others money. That is my rule to myself because if I cannot afford to gamble then I shouldn't and much better not to force and find a way to do it.

One of the ways that many gamblers does when they do not have money anymore, is they find a way to gamble and that is why it is better not to gamble and not to borrow just to gamble.

That is ofcourse the most important thing while betting on something.
If we don't even have the money to place a bet with our own money then we should just stay from betting at first place.
It's the most important rule because if this is not followed then our lives can come at stake.
We have seen many people losing their lives just because they took a loan for gambling and couldn't pay it back.
So gamble within your limits and never ever take a loan from others for betting.

[Hispo]

Basically, when comes to sport betting I go for common sense rules and do not allow myself to take too many unnecessary risks which could impact me in a very bad way. The first rule and the one which I will keep close is the one about never wagering the bulk of our money in a single bet, not matter what they odds are and not matter how good a team is compared to their rival, there is always a chance for the underperforming team to flip the match in their favor and cost all our money in a single day.
Actually, I have seen people who get over-confident because a good team happen to face one which does not have a good reputation and still they lose their money. It happened to many people during the last Word Cup when Argentina lost one of their initial matches against an African or Arab team.

I also recall it happened when Venezuela won against Argentina in a match back several years ago.

If greed starts to kick in with two teams of different performance collide each other, it is better not to bet and call it a day. It is easier to think when mind of cool and those teams in the match are nearly equality good.  

[SeriouslyGiveaway]

Rule number 1 in sports betting is budget management or risk management. This rule is quite simple but very important to protect your budget and ensure stability when participating in betting. I only bet the amount I can afford to lose and am determined not to exceed that number no matter how sure the predictions or analysis are. And I believe this is the rule that all players must follow if they want to survive in this market. You must master this rule first, before thinking about other rules. It took many losses for me to be able to internalize this rule.

[Swordsoffreedom]

Rule number 1 in sports betting is budget management or risk management. This rule is quite simple but very important to protect your budget and ensure stability when participating in betting. I only bet the amount I can afford to lose and am determined not to exceed that number no matter how sure the predictions or analysis are. And I believe this is the rule that all players must follow if they want to survive in this market. You must master this rule first, before thinking about other rules. It took many losses for me to be able to internalize this rule.

I partially agree with you. Budget management is definitely important when it comes to sports betting. It is impossible to say with 100% certainty which team will win any match. So you have to be careful about betting. And large amounts should never mean betting on just one match. I think so.

I bet a lot on football and cricket matches. So I bet small amounts on many matches. Even if I lose money betting on 2/1 matches I don't face much loss. It is really beneficial for me.

Also in sports betting we must analyze the teams before placing the bet. Then the chances of losing money in betting will be reduced. If you are experienced enough, it will be easy for you to analyze teams.

[Japinat]

Also in sports betting we must analyze the teams before placing the bet. Then the chances of losing money in betting will be reduced. If you are experienced enough, it will be easy for you to analyze teams.

I think it's pretty normal to analyze the game we are betting, otherwise we call ourselves betting on it blindly which is not fun. We gamble to gain thrill and to win at the same time, so we have to be confident everytime we put our bet. For me, this is easier to do that managing our bankroll, I don't know, it's easy to say but when I am in the actual game, I tend ot make mistakes sometimes, that's why it's not easy for me.

Based on my observation, I feel like i have some skills with predicting the winner, but due to lack of control sometimes, I tend to be more aggressive and that makes me got lost in following the supposed bankroll management.

[arwin100]

Also in sports betting we must analyze the teams before placing the bet. Then the chances of losing money in betting will be reduced. If you are experienced enough, it will be easy for you to analyze teams.

I think it's pretty normal to analyze the game we are betting, otherwise we call ourselves betting on it blindly which is not fun. We gamble to gain thrill and to win at the same time, so we have to be confident everytime we put our bet. For me, this is easier to do that managing our bankroll, I don't know, it's easy to say but when I am in the actual game, I tend ot make mistakes sometimes, that's why it's not easy for me.

Based on my observation, I feel like i have some skills with predicting the winner, but due to lack of control sometimes, I tend to be more aggressive and that makes me got lost in following the supposed bankroll management.

There are few individual do that since they just want to test their luck by randomly placing bets on the team they don't know or didn't scout. Some may find it fun since it show a different level of excitement but there are some gamblers regret why they do that.

But if we are much serious and don't want to lose then analyzing the teams is really important to do since we can see the current situation of the team since if they are lacking of players especially if their main man is out on the court then provably this team would have higher chance to lose that's why we can decide to bet on opposite team to get more better chance to win.

[Sunderland]

My golden rule in sports betting is, Do not always bet on favorite teams/individuals and do not bet on any sports that you dont understand, as simple as that.

Betting on sports should not be lazy in looking for information about the competing teams including data, news, statistics, etc.
Many people still bet on sports based only on their feeling, and that will make them always bet on favorite team/individual.
That is not wise, especially if you are a daily bettor in sports betting.

[moneystery]

#1.  Never place a bet when drunk or on the brink of getting drunk.

this is one of the important rules that gamblers need to remember, because gambling while drunk is one of the worst things that gamblers can do, since they will gamble with their minds confused by drink. but unfortunately many gamblers gamble when they are drunk, because they think that gambling while in this condition makes their self-confidence better and they can take high risks and don't care about it.

i myself avoid this, because i think that it is something that can make me bankrupt quickly and i don't want to be a stupid person who gambles while drunk.

[iv4n]

Not to gamble with others money. That is my rule to myself because if I cannot afford to gamble then I shouldn't and much better not to force and find a way to do it.

One of the ways that many gamblers does when they do not have money anymore, is they find a way to gamble and that is why it is better not to gamble and not to borrow just to gamble.

I also think this is a very important rule, don't gamble with loaned money. It's all fun & games, as gambling should be, as long as we play with the money that is ours and that we can afford to lose. It's the line that shouldn't be crossed. Violating this rule can put someone in a very awkward situation, and the deeper one goes, the more problems there will be.

All the other rules are there to increase our chances of winning, but no matter how hard we try, gambling is full of ups and downs, people should be aware of that and try to have fun while placing bets and waiting for the outcome whatever it may be.

[Zanab247]

Not to gamble more than $4 or $5 daily and I have be following the rule to stay in the gambling for long period of time and, I'm not addicted to gambling because once I finish gamble with my budget in the gambling center, nothing will push me to gamble again in that very day.

I have seen many gamblers who don't have a budget in their gambling and, any money that enter their hands or account will be use for gambling and it has led such gamblers to be addicted to gambling and, it will be difficult for such gamblers to come back to their normal senses.

[Mauser]

We read you!

My number rule is to not bet all my money on one single bet. And my number two rule is to know at least something about the team I am betting on. Other than that I am very open towards sports betting and think that it's fine to take some risk. The lower the chance of winning a bet the smaller will be bet. I try to keep my risk adjusted balances constant, so I will bet more on the favorite with a small payoff. As long as I still have a decent sized bankroll left, even when a few bets turn bad I am fine. For me the worst thing is to go broke because then there is no more opportunity to recover.

[MainIbem]

My number rule is to not bet all my money on one single bet. And my number two rule is to know at least something about the team I am betting on. Other than that I am very open towards sports betting and think that it's fine to take some risk.

In my understanding that can be described as laying all your eggs in one basket and that could be very bad, it is very risky and this is one of the reasons you'll hear that people get mental issues or are emotional down due to betting, it is not advisable at all and those doing should avoid it at all cost. I totally agree with your number two rule as well, because I am a fan of football and I prefer sports betting. Also I'll only bet on teams I have idea about and not the ones I know nothing of, popular teams in leagues like the EPL, Spanish Laliga, the Bundesliga, Serie A and Ligue 1.

[Docnaster]

We read you!

My number rule is to not bet all my money on one single bet. And my number two rule is to know at least something about the team I am betting on. Other than that I am very open towards sports betting and think that it's fine to take some risk. The lower the chance of winning a bet the smaller will be bet. I try to keep my risk adjusted balances constant, so I will bet more on the favorite with a small payoff. As long as I still have a decent sized bankroll left, even when a few bets turn bad I am fine. For me the worst thing is to go broke because then there is no more opportunity to recover.

Different people have different rules they prioritize whenever they're engaging in betting and as far as these rules helps to keep them in check in the game of betting, it's absolutely okay. I'm responding to your own #1 rule because it's very similar to mine. I have different amount I use for betting in  different days because the amount I use daily to gamble is determined by how much I make from my other life engagements. For instance, if I make a huge gain from my other hustles, I bring out a good amount of money to gamble of which on that particular day of which I don't exceed that particular amount I've already projected for gambling on that particular day. It's helped me to control my gambling engagements and not to become a gambling addict