Losing money through sports betting is obviously part of the journey. However, if you are losing consistently as a Bettor, then trust us, it goes beyond just bad luck. It could be that you have been consistently making some mistakes that have been warranting the consistent losing.

It is very understandable that you are feeling really bad losing consistently, especially when you know that you are knowledgeable in football. However, the truth is that being successful in betting goes beyond just how much you know about football.

If you don't know how to avoid some common mistakes that drain your money, you'll continue losing consistently sadly. Here at Dailyscoretips we've been able to pinpoint exactly some of the reasons why you've been losing like hell.

If you really want to start winning more often than not, then you definitely have to first of all pinpoint the mistakes you've been making and then fix them immediately. We're going to give you some insights into why you might be losing a lot of money, so...

Let's start with the hard truth.

The Real Reason You're Losing Money

The painful truth is that it's very likely you've really been making so many mistakes that are easily preventable, and you do this every single week.

Don't get us wrong, we're not saying that you don't understand football. In fact, you are not even being unlucky. The truth is that most times you are either betting emotionally, or you are chasing losses. Your bankroll management could also be really questionable.

Also, if you have the habit of betting on too many matches at the same time or choosing the wrong market, it could also contribute to the reason why you are losing more consistently.

Mistake 1: Betting on Your Favorite Team

This is obviously the first reason why you've turned yourself to a consistent loser. Betting on your favorite team is one of the biggest killers of your betting bankroll. The truth is that you cannot with all objectivity bet on the team that you are supporting.

If for instance you are a Manchester United fan, you will only bet United to win simply because they're your favorite club.

At the end of the day, you discover that you only see what you want to see, not actually what's happening. In most situations, you will discover that you are ignoring their weaknesses.

You can even overestimate the chances of your team winning and at the end of the day you see yourself betting with your heart instead of your brain.

Reason why we encourage you to always follow DailyScoreTips. Here, we don't let team loyalty decide our predictions. We take our time to analyze every game mostly based on the form of teams and statistics.

Mistake 2: Chasing Losses

Have you ever found yourself in a situation where you lose a bet then you immediately place another bet simply because you want to win back the money? Well, this is called chasing losses.

If you do this regularly, then you are committing financial suicide in betting. It is probably one of the reasons why you are losing bets consistently. Whenever you lose a bet, avoid the urge of betting another one to recover. Stop betting immediately. You can come back tomorrow so as to bet with a clear head.

Mistake 3: Betting Too Many Matches

In betting, anytime any day, Quality will always beat quantity. If you are betting on around 20 matches every weekend, then it's almost certain you are going to be losing consistently. It's almost impossible for you to be able to properly analyze up to 20 matches. In fact, even professionals find it really difficult to be able to thoroughly analyze up to 5 to 10 matches.

If you will be truthful to yourself, you will agree with us that whenever you bet on too many matches, you end up guessing the majority of those games. We strongly advise you to always reduce your betting to around 2 to 5 matches that are carefully selected for the week. You will be shocked at how fast your win rate is going to jump.

Mistake 4: Ignoring Bankroll Management

We've come across so many bettors that lose consistently, and one thing they have in common is the fact that they don't have any good bankroll management. Often, we discover that they just bet on any random amount. We can assure you that doing this will guarantee that you lose more consistently unless you decide to change.

If you don't have a very good bankroll system, just one bad week is more than enough for you to lose all the profits that you've been accumulating. We have a system most of our bettors use.

 We encourage them to never bet more than 2-5% of all their total betting budget on any single match. This helps them to survive any losing streak before they go back to winning ways.

Mistake 5: Betting Accumulators Constantly

Accumulator bets are obviously tempting. You could turn £10 into £500 with just five wins. Well, this might look cool, but when you calculate the mathematics behind it, you'll see that it works against you.

Let's say each bet has around a 60% chance of winning. If you combine 5 bets together, you will discover that combined they'll give you just a 7.8% chance to win the accumulator. That's too poor.

You know why bookmakers love accumulators? The reason is simple. It's because accumulators are designed to lose. Yes, you might win occasionally, but on the longer run, you are definitely going to lose money consistently. Reason why we're advising you to stick with single bets.

Bookmakers love accumulators because they're designed to lose. You might win occasionally, but long-term you'll lose money consistently. Or small 2-3 match accumulators. You will see how your profit will dramatically improve.

Final Thoughts

Just as we discussed in this article, the reason why you are losing consistently is simply because you are making mistakes that are way more preventable and not really because you don't understand the game.

Check our list for mistakes you are making, fix them and see how fast you will improve. We hope this helps.

Frequently Asked Questions (FAQs)

What is the biggest mistake losing bettors make?

We can say the biggest mistake you make is when you choose too many matches without even carrying out research.

How much should I bet per match to avoid losses?

In whatever you do, make sure you don't bet more than 2-5% of your total betting on just a single bet. Let's say you have a budget of $100, your maximum stake has to be around $2-$5 for every bet.

Should I stop betting on accumulators completely?

We're not saying you should stop accumulator bets. We're against you accumulating more than 4 games. Either you stick to a single bet, or you accumulate 2 to 3 matches at a max. That way you avoid disappointment.