As the title suggests, I used to think I should pick a few games to analyze and bet on. But with all the free information available online, I think we can place as many bets as we want. By betting on more games while keeping the total daily amount the same, I feel less stressed if I lose one or two bets.
For example, if I risk $100 in total for the day with just 2 bets, going 1-1 would still bother me. But if I spread that $100 over more bets, like $10 per bet, I feel more at ease watching the games. From my experience, this approach has even made me more profitable. What about you? Do you feel the same way, or am I just imagining it?
In theory, when you place a few bets focused on a few games that you are more familiar with (or have researched extensively), no matter how much risk you expose yourself to in the short term, you should have a higher ROI in the long term precisely because you are dedicating more energy to where you have more knowledge (a specific championship or team).
When you increase the volume of bets, you reduce your short-term risk. It is the equivalent of diversifying your variable income portfolio. However, placing bets for which you are not fully informed can be a greater risk in the long term. Do you agree with me?
Both possibilities are viable and should be part of your portfolio of experiences and learning, but I believe that betting with a lot of information is always the best scenario, so when you need to mitigate risks, you can use many more resources on what you are most familiar with.