One of the first things you need to know about sports betting is that you can lose money – it happens! This is completely normal, and it’s something you should take into account. While losing money can knock your confidence, it also gives you time to reflect and make better decisions. While it’s important to back your judgment, you should keep in mind that your last bet doesn’t determine whether or not you’ll make the right choice on your next bet.

Most recreational bettors simply want to bet for fun and hope to win some money. While these bettors enjoy the challenge of sports knowledge, they don’t put too much thought into selecting their picks. That said, if you’re wondering how to become a better sports bettor, consider these five tips.