This is due to the fact that we won't be able to analyze all the games carefully that are in our ticket and won't have the advantage needed to win. So instead, it's recommended that we should value quality over quantity if we want to succeed in sports betting.
Yes, I agree with what you said here. We tend to overanalyze when we bet too much, and with that, we tend to lose if we are not sure about our bet. Also, I just want to add that if we bet too much, then we tend to bet too much money as well. What if those bets lose at the same time? Then you lost a lot of money. So I think betting on fewer picks is much better.
Also, single betting is much better than parlay betting because in a single bet, the chances are 50/50, 50% of winning and 50% of losing. So for me, it is much more advisable to bet fewer single bets. If you can bet one single bet per day, then it is much better because if you win, which is good, but if not, then it is fine because you just bet once a day.
Those who bet on sports betting will only bet on matches that they know and can analyze. it will show what chance of winning they can get. It doesn't matter what the results of the bet will be, but those who bet on sports bets will not place bets on teams whose strengths they don't know.
Indeed, you can rely on luck, but gamblers also don't just bet on ongoing matches.
Usually, it won't just be one match, at the weekend you can see several big leagues being played, and several bets can be made. The most important thing is to bet when we know the opportunities we can get.