4. Betting for all the wrong reasons
Why are you placing this bet?
Whether you want to ask yourself this question or not, it is a very important one to ask and could help you save some money down the line. Now, your impulses might tell you to bet on a favorite team, or on a player you like to win a tournament, but these really aren’t good reasons to place a bet.
Emotions can drive you to do some insane things, and while it might feel right at the moment, it could come crashing down when your bet doesn't work out.