Lack of a Strategy

• Betting without a clear plan often leads to impulsive decisions and poor outcomes.

Chasing Losses

• Trying to recover losses by placing larger, riskier bets creates a cycle of debt and disappointment

Lack of Research

• Many bettors don’t invest time in analyzing stats, trends, or injury reports.

• Betting on favorite teams or players rather than objective data skews results.

Falling for Myths and Gambler’s Fallacy

• Believing in “hot streaks” or “luck” leads to overconfidence and poor bets.

• Misunderstanding probability and variance causes frustration and unnecessary losses.