Five biggest CBB betting mistakes

As the gambling masses turn their attention to college hoops, there are common mistakes made. Saul Loeb/AFP/Getty Images

With the 2013 NFL season now in the rearview mirror, the majority of sports bettors have turned their attention to college basketball. As a result, more money (especially public) is hitting the college basketball betting market, a trend that will continue through the NCAA tournament as Bracketology begins to dominate the national sports media.

With this in mind, I compiled a list of the five most common mistakes made by bettors. I found a system with a 56.4 percent against-the-spread (ATS) win rate to help bettors successfully navigate the college basketball season.

Mistake No. 1: Flawed money management

Joe Lunardi's 2014 Bracket Odds

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Arguably the most common mistake made by recreational bettors is failing to follow solid money management principles. At SportsInsights.com, we recommend that inexperienced bettors employ a flat-betting system, with each wager representing 2 to 3 percent of the total bankroll. While these wagers may seem small, they help protect against the inevitable ups and downs bettors experience over the course of an entire season.