Top 5 Mistakes to Avoid When Betting on Esports
3 minutes
Last Updated: December 3, 2022
Betting on Esports provides you with a whole new avenue of betting markets where, if you make the right picks, you can win a lot of money. But, it also opens room for making mistakes, many of which directly cause you to lose money.
If you want to be a successful Esports bettor, especially in the long run, you need to optimize your betting habits by eliminating costly mistakes.
With that in mind, we’ve summed up the top five mistakes you should try to always avoid when betting on Esports.
1. Choosing the Wrong Sportsbook
Let’s start with a very obvious mistake, but one that many Esports bettors, unfortunately, make very often.
Your betting experience will significantly differ depending on whether you sign up with the right or wrong Esports betting site.
Apart from the crucial security factor, choosing the wrong Esports betting site can have negative effects on other aspects of your experience as well.
For example, you might wind up with a site that offers subpar betting odds or has less rewarding Esports betting bonuses than its competitors.
Those living in states where DraftKings is legal will have access to some of the best and most versatile betting opportunities, and this is one bookmaker that you definitely want to bet with if you have an option to do so.
2. Paying Too Little/Much Attention to Stats
Statistics are an aspect of Esports betting that is very much about finding the perfect balance.
You can find tons of sites offering detailed insights into Esports betting stats, so it’s a shame not to utilize this to your advantage and become a smarter Esports bettor.
That said, while reading through stats is important, finding the right Esports bets is not just about numbers. Many other factors, such as experience, tactics, and emotions, play a role.
So, while paying attention to the stats is essential, don’t let it blind you from seeing other facets that also play a crucial role.
3. Constantly Chasing Trends
Trends change much quicker in Esports betting than in traditional betting. Teams don’t stay as dominant for as long as they do in regular sports, and the entire betting industry is evolving at a much faster pace.
This is understandable, as Esports betting is still very young compared to regular betting.
This is why it’s important to keep track of the latest trends and have a solid understanding of the current state of the industry. However, it’s also easy to get lost in constantly chasing the trends, which can be a costly mistake.
To avoid making this mistake, it’s best to focus on a particular Esports game like Dota 2, and learn enough about it so you can make bets confidently.
At the same time, don’t let yourself get swayed by new trends or change your betting strategy too often because of this.
4. Making Too Many Bets
With so many unique bets available across different Esports games, betting can become addictive. By betting across many games, betting too often, or simply making too many selections on each betting slip, you’re putting your bankroll at a greater risk than you should.
As with any other activity, Esports betting works best when done in moderation. The most effective way to protect yourself from making this mistake is to practice self-discipline.
Limit the number of bets you place per day or week, set specific money limits, and narrow down your selections.
Fixing this mistake directly correlates to improving your overall success. With this in mind, you’re going for quality over quantity and keeping tight control of your Esports betting bankroll.
5. Setting Unrealistic Goals
Most Esports bettors are very unrealistic in their pursuits, thinking that they can become rich overnight if they just find the right bet.
However, having unrealistic expectations can only lead you to lose more money. Luckily, as you’re already on this page, you’re striving not to be like most bettors.
With this in mind, the best piece of advice we can give you to help you avoid this mistake is not to chase big wins and go one step at a time.
Don’t look for quick cash grabs. Instead, focus on enjoying the experience and always maintain responsible betting practices.
