We all enjoy placing wagers on sporting events for the thrill of victory or heartbreak that comes with a loss. If you’ve been gambling for any length of time, you know that you’ll inevitably have setbacks and that, sometimes, there’s not much you can do about it.
What doesn’t kill you makes you stronger, and that’s a motto sports bettors should do well to remember.
What helps one person may not help another, and there are no universally applicable guidelines for overcoming a losing run. Here are some general guidelines that should help you deal with and mentally prepare for the bad runs that you will inevitably have.
Identifying a bad run
For one bettor, a streak of bad luck may be par for the course, while for another it may be the norm. Consequently, identifying what constitutes a terrible run is crucial in terms of becoming ready for them.
As an example, if you typically bet on long shots with high odds, you won’t let a string of five or six consecutive losses get you down. But, if you wager on heavily favored teams, even a string of little losses could be deemed a losing streak.
If you’re having a horrible run, you’re the one who has to decide when losses are no longer tolerable. Generally speaking, you should take action if you see a significant decline in your financial resources as a result of them.
Maintain your composure
Having your emotions go up and down can be the death blow to a losing run. Even more devastating than the physical effects of defeat is the mental toll it may take.
In terms of their physiological responses, gamblers are twice as affected by losses as they are by victories. Always keep in mind that history shows that these things occur in cycles. You can never live up to your finest or worst day.
Probably the most challenging aspect of dealing with losing streaks is figuring out why you are losing. It should be quite evident that your new technique isn’t working if you’ve lately modified your selection criteria and you’ve started losing most of your wagers. In any case, it’s crucial that you keep your cool and concentrate.
Stay in control
When dealing with a losing streak, maintaining your discipline is likely the most crucial action you can take to improve your situation. The temptation to chase your losses out of irritation is strong, but doing so is likely to make things worse.
Your first line of defense in maintaining command is to maintain your current level of wagering activity in the vain expectation that results would improve. This is a reasonable strategy to adopt if you’re confident that you’re acting ethically and have simply been unlucky up to this point.
Take a break
Even if you’re confident in your betting abilities, it never hurts to try a new strategy. However, keep in mind that you can stop working whenever you like. This will offer you an opportunity to consider where you may have gone wrong and how you might change your approach moving forward.
If you take a break from gambling for a while, you may come back with new insights and strategies that prove fruitful.
Acceptance: Never chase your losses
Among the best ways to get ready for and deal with losing streaks is to accept that they can and will happen to you. Expect to be surprised if you think they won’t. If bad runs don’t catch you off guard, you’ll be better prepared to handle them.
But, if you have a full day of betting planned, pushing your bets is the worst possible strategy to employ. There’s no point in attempting to regain everything at once. As soon as you realize this, you’ll be better able to deal with losing streaks.
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