I don't know the game of basketball so I automatically don't know the strength of the teams that will compete.
Something unknown, yeah wouldn't bet on it.
To minimize losing money due to incorrect analysis, avoid placing only a few matches on the betting list even though the total odds are not large.
Indeed since we can make that as a basis to see that the team we are looking for is strong enough to defeat his opponent since this could make our chance to win became more bigger. But also same as said we need to look for the reports and other news since we need to know if there's a injured player which can affect the whole performance of the team since this is decreasing the chance for a team to win.
And we need to look every possibilities that important to watch since this could give us more idea about what possible scenario to come so we can do some counter actions and do some good decisions.
To avoid losing we should not ignore any information since there's a lot of info's about those teams on internet and for sure if we search the latest about them there will be a lot of articles that can help us verify something that important to consider.