Common Mistakes to Avoid When Betting on 1Win

Not Setting a Budget 

Betting without a budget can often cause unnecessary frustration, hurt your pocket and if you aren’t careful, cause lasting damage. Losing is a part of gambling; you cannot escape it. However, with responsible measures in place, you can limit them. 

We suggest setting a daily, weekly or monthly budget for your gambling activities. And of course, stick to them. 1Win has a deposit limit feature which can also greatly aid in managing your spend. 

Chasing Losses

Chasing losses relates to a bettor who, after losing a bet, attempts to recover these losses often by placing larger subsequent bets. This is a foolproof way of ensuring you maximize your losses. Do not try this at home.

Again, losses are a part of the game. Do not take it personally and do not have an emotional reaction to them. Should you feel frustrated or stressed, take a break and avoid betting in this state of mind. 

Ignoring Bankroll Management 

Poor or irresponsible bankroll management will deplete your funds quickly. Knowing how much you have deposited into your account should play a role in how much you are spending on individual bets. 

Use strategies such as Kelly Criterion (KC). KC is a mathematical formula used to determine the optimal bet size to maximise long-term growth whilst ensuring minimum risk. 

In our opinion, never bet more than 1-2% of your bankroll on a single bet. 

Overlooking Terms and Conditions 

Have you ever got frustrated and begun thinking that there is something wrong with the system, only to remember that you haven’t read the terms and conditions and are actually to blame? Not reading the terms and conditions with respect to anything (in particular, 1Win casino promo codes) are a sure way to cause yourself unnecessary stress. 

Read that fine print and understand what the wagering requirements are for your bonus of promotion. 

Betting Without Research 

Placing bets on your intuition alone can often lead to unnecessary loss. For sports betting purposes in particular, we recommend using historical data and appropriate analysis before placing any bets. 

Research teams, players and statistics before placing your bets – this helps you stay informed and make rational betting decisions.

1Win offers live stats and analytics tools to ensure their customers have the opportunity to make informed decisions – yet another impressive offering from 1Win.

Ignoring Live Betting Opportunities 

The arrival of live betting opportunities has drastically changed the climate for sports betting. Monitoring live games and taking advantage of dynamic odds can be a great way to limit your losses and possibly cover your bets. 

Use 1Win’s live streaming feature to stay updated on the happenings of all the action.