A lack of appropriate knowledge concerning the betting may be a significant downfall. This may also lead to impulsive betting, done on a whim to recoup losses in most cases. Keeping up to date with all relevant news concerning the event, or team of the game, will avoid uninformed decision making and potential loss. Finding a valuable team is a surefire way to bet smart. Always try to stick to what is familiar, if branching out make sure to adequately research both the event and any online casino ratings.