As you can imagine, the EPL has millions of supporters worldwide, ranging from the newbies to the fanatics to the invested EPL bettors. With the potential to win and its appeal, betting on the EPL can quickly become an issue for supporters if they’re not careful. To ensure that you enjoy betting on the EPL healthily and disciplined, we’ve listed a few tips below.
Why is it important to practice healthy betting habits?
Gambling can have a negative impact on your mental health when you’re not keeping yourself in check, as people can develop a gambling addiction. Some common issues people face when they’re addicted to gambling are struggling with:
- Financial harm
- Conflicts in their relationships
- Emotional and psychological distress
How to practice healthy betting habits
To avoid betting becoming a negative habit, we need to practice self-control and self-discipline when engaging in the practice. Here are some ways you can practice healthily betting on the EPL:
1) Keep a close eye on your current betting habits
One of the most important components of staying diligent while betting on the EPL is being fully aware of yourself. Know your habits and learn. For example, if your habit is to try to chase losses when you lose, identifying it can help you actively work to change that habit to a more beneficial one.
Many Sportsbooks have apps nowadays that allow you to place bets remotely. If you find that you’re picking your phone up every two minutes to check results or to look for bets to place, this could be a sign that betting on the EPL is taking too much of your time and attention. You may need to scale back on this. The better you know how your body reacts to betting, the more control you can have over it.
2) Find the right balance
Another method is to set healthy boundaries by limiting how much time and money you can spend betting on the EPL. For most avid supporters, watching most of their favourite team’s games is normal. However, you might not be financially able to bet on every game, and it may not be wise.
Your budget sets aside how much you can spend on bets over and above your finances. There are a few ways your budget could look. You could set one large amount and assign it to games when needed or designate a certain amount for each game from the start. Likewise, controlling how much time you spend on betting is also helpful. Once you’ve decided on a strategy, stick with it and don’t continue betting.
3) Use a betting strategy
Having a strategy comes with several advantages. Not only will you have more vision and direction, but your strategy will also play a part in setting up healthy boundaries for you, as you bet. In addition, the better your strategy, the higher your chances of placing a successful bet.
One of the best ways to devise a successful strategy is to consider all the different variables of the game, like player and team performance, betting types, injuries, changes to the team, and the latest tips. To get a headstart on your strategy, check out some of the latest EPL tips here.
4) Stick to the golden rule
Never bet more than you’re willing to lose! Regardless of how experienced you are, betting always comes with the risk of losing. Therefore, if you book large amounts of your income and lose it when that money is needed elsewhere, you could start a downward financial spiral that’s extremely difficult to resolve. So, consider your overall budget and what finances you realistically have available to invest in betting on the EPL and use that, knowing that you may lose it.
5) Be accountable to someone
With activities that have the risk of developing addictions and other mental issues, having someone hold you accountable for what you’ve agreed to spend on it is always helpful. Ask your spouse or a friend to hold you accountable for the amount of money you’ve chosen to spend on the EPL. That way, they can help you remain disciplined as you enjoy betting.
Final Thoughts
While strategies can be implemented to improve your overall chance of winning, a big aspect of betting on the EPL can still be pinned down to luck. This means even if you’ve got a good strategy in place, there’s still a chance you could lose—it’s just the way it works. To avoid losing too much money, try practising the tips above for a more strategic approach.
