There are two major things that make you lose in betting, what are they?Many practices exist in sports betting, and few strategies sum up the most important areas of thisindustry which is to get value for your bets. Matter of fact, bettors must know these things andapply them every time they want to wager on an event.Sports betting often gives you two options; win or lose. But there is also a third option that noone gives you, but you somehow manage to fall into. And that is to make mistakes.In sports betting, there are two major mistakes that bettors constantly make. They are overbettingand having no staking plan. These two factors seem like they’re not important, especially if youalready know your way around betting, however you should do your best to avoid them.In this article we have discussed those mistakes overbetting and no staking plan. Two Major Betting Mistakes Bettors MakeOverbetting and No Stake Betting are two major mistakes that make you lose when betting insports or even betting for football.Failure to curb these mistakes no matter how experienced you are, can affect your fundsnegatively. OverbettingBesides win or lose, there are other options you should consider as a sports bettor before you beton an event.One of such options is reserving your funds by applying strategies, managing bookmakerbonuses, and accurately managing your bankroll.Overbetting is one term bettors often use. But, even expert bettors have suffered therepercussions of forgetting its existence. Here, we explain and tackle this problem. What Is Overbetting? Overbetting is when a bettor places a bet that exceeds your real possibilities. While it seems likea common mistake, it is an extremely dangerous situation to be in and is often characterized byrisking your funds recklessly.Getting carried away by your presumed betting chances is one common mistake you could make.Here you lose control of your bankroll and overbetting happens. This error is easy to make.It may be because you lost in an event and try to make up for the loss by making a new betimmediately. But, you don’t have enough information on the market or event you want to bet on.Then, by luck you still win.However, every time you bet based on something else except analysis and knowledge, the resultswill mostly be unfavorable. Types Of OverbettingThere are two types of overbetting:Placing Excessive Number Of BetsWhen bettors place excessive numbers of bets, they cannot control it. You should measure theamount of bet you place. And note that the only way to make profits is by betting on the marketsand events you’ve mastered.Don’t let tipster picks or bookmakers sway you. Monitoring the number of bets you’re currentlyplacing and how your bankroll evolves is vital. Betting Without Measuring An Event’s StakeTo bet without measuring the stake in an event is a mistake. To avoid this, learn to calculate thestake and understand when a bet can yield good profit.In addition, know when more funds than you planned can be diluted due to loss. No Staking PlanHaving a staking plan you use is an important aspect of successful betting, and it is vital that youfollow certain rules when choosing one. First, choose how much money you wish to set aside for betting. Use your disposable income tobet and brace yourself for possible losses. This money you put aside represents your bettingportfolio and the amount in it depends on your wins and losses. Once the portfolio is ready, youcan now start developing a staking system.Having a staking plan protects you from intense excitement that clouds your judgment after awinning streak. It is also one out of two sources of profit in sports betting. The first thing is theability to accurately predict and the second is maximizing your bets’ financial potential.With a staking system you win more money accompanied with lower risks. What Is A Staking Plan?A staking plan or a staking strategy is the process of defining how much of your bank you shouldinvest in a specific wager. Types Of Staking PlanThere are several staking methods you could apply to your strategy. We have explained the mostcommon ones here.Level StakingLevel staking is a simple staking plan that entails investing the same amount of money for everybet.No matter the price collected for the wager, the invested amount is consistent. The amountshould represent a little percentage of your bankroll, and is between 2-5%.Fibonacci Sequence StakingFibonnaci sequence staking plan adjusts in relation to wagers you lose, It is determined bynumbers sequence and is a result of your former wagers.After you’ve lost a wager, the fixed stake is multiplied by one step up on the sequence.After you win a wager the fixed stake is again multiplied but by a number down two steps on thesequence.Proportional And Percentage StakingPercentage staking is the process of investing in relation to a percentage of your bank size. Whenyour bank size fluctuates, your stakes adjust accordingly. If you can determine how large or small your edge is in a specific bet, you can use an approachknown as Kelly Staking. This staking strategy involves considering both bank and size of theedge in a wager.Dutch StakingDutch staking or Dutching is a staking strategy where you divide your stake over a number ofselections in a market so that a consistent amount is won no matter which selections win.This method is mostly used when there are two or more outcomes in an event that you want toback. Dutching is often used by Horse racing bettors when they back multiple runners. Sports betting should be ventured into with the mindset that you will not always win. You winsome and lose some. But the one thing that should remain constant is you allocating funds toyour betting wisely and setting limits on the amount you’re willing to lose.Completely ignoring the dangers of overbetting or having a no-staking plan are two mistakes thatcould siphon your money, even if you’ve had winning streaks in the past.