Losing Streaks: 5 Tips To Help Deal With Losing Runs When Betting
In this article we discuss losing streaks in betting including why they occur, what is defined as a ‘bad run’ and 5 tips on how to deal with losing runs.
Losing Streaks In Betting
In life, there are things that go your way and things that don’t. The same applies in betting.
We all love winning runs, but it is inevitable that at some point, regardless of how long you have been betting for and regardless how good of bettor you believe yourself to be, you will experience a losing run where absolutely nothing goes right. How you deal with losing runs can and probably will play a pivotal part to your long term success.
Before we continue, it’s important to try and define what a ‘bad run’ actually is.
What Is A ‘Bad Run’?
What represents a bad run for one bettor may be nothing more than standard variance for another.
For example, someone who bets mostly on outsiders is going to interpret a ‘bad run’ differently compared to someone that bets mostly on odds-on favourites.
It’s down to you to determine when accountable losses turn into a bad run.
Okay, so now we’re clear on that, here are 5 factors that you should consider when on a losing streak.
Tip 1 – Understand Losing Streaks Happen
The first thing you need to realise is that losing streaks will occur. No betting strategy has ever relied on every bet being a winner and indeed even the most successful bettors encounter losing runs.
Knowing that losing streaks happen will eliminate any shock or panic when they eventually do, which will stand you in a better position of dealing with them.
Tip 2 – Keep Your Discipline
Keeping your discipline when betting is always important, but particularly when you’re going through a bad run.
It can be extremely tempting to start increasing your stakes or chase your losses but this almost always ends badly. We’ve all heard the saying ‘only risk what you can afford to lose’. You may get lucky once or twice where chasing gets you out of a hole, but long term it can be disastrous to your bank roll.
By maintaining discipline, you’ll limit the damage to your betting bank and be well on your way to overcoming your losing streak.
Tip 3 – Take A Break
A common mistake for bettors is the idea that you need to be active every day there are games/events scheduled. Wrong. Giving yourself some space now and again is good practice.
If you feel that a losing streak is going to affect how you operate and potentially lead to poor decisions then taking a break will help clear your mind and recharge your batteries. It’s almost impossible to make consistent profit based on ill-researched bets and a stressful mind.
Tip 4 – Analyse Your Bets
Being able to analyse your betting history is just one of many reasons you should be keeping a record of your wagers, especially when dealing with losing streaks.
Go through your spreadsheet and see where you’re going wrong. The number of factors that could be causing your losing streaks are endless but the only way to find out is by investigating.
It might be you’ve just been unlucky, in which case you should probably stick to your strategy if it’s been working for you long term. Alternatively, it might be that you’re trying too hard and going for bets that you normally wouldn’t, in which case you may want to revert back to your original strategy.
Analysing your history will not only help you develop betting discipline, but it will help you identity any problems, allowing you to make any necessary adjustments to get you back on the winning trail.
Tip 5 – Look At The Bigger Picture
Yes, losing streaks are difficult to take and can be demoralising but you need to accept they are part and parcel of being a punter. Put things into perspective and look at the bigger picture. You may be on a bad run, but in the grand scheme of things, it’s likely to be insignificant. Betting is a marathon – not a sprint.
For those that are serious about betting, losing runs are inevitable. By accepting that, you’re already half way there to overcoming them. Use losing runs as an opportunity to review your strategy and betting process.
Everyone can ride a winning streak, but those who know how to deal with a losing streak are much more likely to be successful long term.