Welcome to the world of online betting. Betting Online with places like sportsbook.com or playersonly.com can be very exciting. Among the reasons it’s so exciting is the proven fact that you can bet on any game around the world with a click of a mouse. Get the top odds right ahead of the game starts and even have the online sportsbook give you free money. When was the last time your bookie did that? Despite the fact that it is quite exciting and sometimes very lucrative it’s possible to fall into a money pit that may suck your bankroll dry.

The first money pit within the online sportsbook world is the proposition bets. Yes, these can be fun and enticing. Even I have thrown some cash down on the winning coin flip on the super bowl or perhaps the first person to have a penalty in the super bowl. These kinds of bets are fun in big games like the super bowl but have no place within your everyday betting. This is where the internet sportsbooks bleed your bankroll. They offer prop bets on every game. This is accomplished given that they know how enticing and profitable they may be. So let’s get one thing straight. You can’t win consistently on prop bets therefore you’ll need to stay away from them when betting online. But please by all means take as many when you want in those championship games.

Second you will need to recognize that simply because you can bet on virtually every game being played that day won’t mean you will need to. These sportsbooks make it so easy to view all of the odds and place your bet within a couple minutes, which in turn increases your chances to throw down a couple of bucks on a game you’ve got no business betting on. Slowly this money pit will kill your bankroll and leave you wondering the way you lost all of it. Lesson to learn here will be stick to the games you know and watch the bankroll grow.

The final money pit within the online betting world will be the proven fact that your bankroll is simply a number on a screen and not cold hard cash within your hands. In the online world you will never personally hand over cash to anyone like you would if you took a big hit one week and also your bookie came to collect. That feeling alone is enough to make you watch your bankroll more carefully, but within the online world it’s really a card transaction and news from there on out it is a number on a screen. Sooner or later it might even feel like play money. Do not fall into this trap. If your good with cards you probably will not have a problem with this either, but just to give you another warning ensure you treat that online bankroll as if it were cold hard cash in your hands. That way its a whole lot harder to just throw away.

Now you are ready to start betting online without falling into those money pits that so many individuals fall prey to. The only other things you really need now to start raking within the dough from the internet sportsbooks is a place to bet and accurate sports picks.