If you have ever gambled on sports before, you probably have had some success and some failure. The key to altering this pattern is to change the factors that a contributing to the failing aspect of your luck. Minimizing losing streaks is the key to winning bets and making money.The most common mistake people make when placing bets is betting on games that their favorite team is involved in. This is a major problem because most people are unable to bet objectively when their favorite team is involved. Their role as a fan creeps into their betting decision and this hurts their chances of winning bets.If you are able to bet objectively on these games, they can be a great way to make some money. Since you know your team about as well as anyone else, you should have a good idea when they may lose. If you are able to capitalize on this innate knowledge and place a bet against your team, this proves you can bet objectively. However, not many people can force themselves to bet against their favorite team, and this proves they can not bet objectively. If they can not, they should not bet for their favorite team either. This is because their bias has crept into their betting analysis and it will continue to hurt their chances for success.It is also important to use the Internet to conduct research before placing a bet. The more you can learn about the teams, players and coaches involved in the game, the more informed your betting decision will be. The more you know, the more confidence you will have placing that bet. This will dramatically increase your chances to win bets and make money.