OK, so let’s get one thing out of the way: MMA is a whole different ballgame when it comes to betting. For those who are new to this kind of sport, here are some helpful tips on how not to make the same mistakes that most people do when they indulge in MMA betting:
Not getting the basics right
The first thing you need to do is make sure you understand the rules of MMA. This may seem obvious, but it’s easy to get caught up in the excitement and forget some of the basics. And that not only happens in MMA but almost in every sports betting ecosystem. You should also have a good understanding of each fighter’s style, so that you can make an informed decision on which fighter will win their respective matchup.
You should know how to bet on MMA as well as how to bet on individual fighters, since there are many different ways that people place their bets at an event such as this one.
Not looking at the odds
The odds are the most important factor when betting on MMA.
When you bet, you need to look at the odds and compare them between bookmakers. For instance, if one bookmaker has a much lower price than another for an event, then that means there is less risk in backing it. This is because they know that their price is accurate and so are more likely to be right than someone who thinks they may well be wrong!
It’s not just about looking at prices, though—you also need to know what those prices actually mean:
If you’re looking at a fight between two fighters who are evenly matched (and have similar records), then there might not be much of a difference between their chances of winning because they’re both equally likely to win or lose—this would mean that each fighter has around 50% chance of winning according to our calculations above (so we’d expect this matchup). However, if one fighter has more wins than losses under his belt (and vice versa), then this changes things dramatically!
Believing in all the hype!
One of the biggest mistakes that you can make is believing in all the hype. The media, friends, and family will convince you to bet on a specific fighter with their own special take on things. Don’t be taken in by the hype; instead, focus on the sportsbook’s betting lines to help inform your decision-making process. If a bookie has set odds that indicate one fighter as an underdog, then don’t jump on board with every person who tells you otherwise.
Betting on only one bookie and not shopping around for the best odds
It’s important to shop around for the best odds. For example, if you’re betting on a UFC fight in which both fighters are coming off of losses, you may consider getting better odds by betting with bookie B over bookie A. Or maybe you want to bet on the biggest underdog available, so you can get better odds than what is currently being offered by your favorite bookie.
In addition to finding the best price on a given outcome, there are many factors that may cause you to choose one site over another. Here are two factors that you must consider above all:
- Reliability – Some sportsbooks have been around longer than others and thus have proven their reliability and trustworthiness over time; others are newer but are highly regarded as trustworthy sportsbook operators; still, others might be known for having poor customer support or poor payout methods (such as charging high fees or offering delayed payouts).
- Odds – Different sportsbooks offer different spreads in various markets; if one book has better prices than anywhere else, then it’s worth considering them even if they’re not your top choice based on other factors.
Only betting on the grandest of events and ignoring the lesser ones.
When you’re new to MMA betting, you’ll likely be tempted to bet on only the biggest events, like the UFC or Bellator. But this is a big mistake that can cost you in the long run. You should always try to bet on all types of MMA events because even if they’re smaller shows and don’t have as much recognition as your typical UFC pay-per-view (PPV) or FOX card, they still provide plenty of opportunities for profit.
For example, let’s say that there’s an independent show taking place near where you live. And let’s also say that one of its fighters has been training with a coach who trained Conor McGregor back when he was first starting out in Ireland. That fighter might actually have some potential—but it’s not until after his performance at this particular event that people take notice and start talking about him online! In these situations where an underdog wins unexpectedly against better odds than normal (due mostly to their lack of mainstream recognition), it’s important for us sports fans who love MMA betting so much but don’t necessarily follow every single division religiously (like keeping up with college football bowl games every year).
If you’re new to the world of MMA betting, then we hope that this article helped you understand some of the most common mistakes people make when betting on MMA. Of course, there are many more mistakes that we haven’t covered here, but these are some of the most common ones!