Everyone who bets on sports regularly will have a bad run now and then. Even the best bettors have times when things fall out of place, and it seems impossible to win.
The best bettors stand out from the crowd because they know how to handle this situation.
Dealing with losing streaks is a matter of personal preference; there is no universally accepted method to cope with losses.
However, we have a few broad suggestions that should help you prepare for and cope with losing streaks; since they are unavoidable in the betting world.
Recognize That Losing Runs Will Occur
Accepting that losing streaks can occur to you is the first step in preparing for them. You’re going to get shocked eventually if you presume they won’t.
Don’t fool yourself into thinking you can avoid bad runs since you have a better chance of handling them properly if you anticipate them.
Define Your Loss
What one bettor considers a run of losses may be a win for another. Determining what constitutes a bad run in your case is therefore crucial to preparing for them.
For instance, if you place most of your bets on underdogs with large odds, you won’t be concerned if you lose five or six bets in a row.
However, even a few consecutive defeats could be considered a neck breaker if you wager on extremely undervalued favorites.
When reasonable losses turn into an unacceptable run is up to you to decide. Generally speaking, take action when you discover that they are beginning to affect your bankroll.
Keep Track of Your Bets
If you take sports betting seriously, you must keep good records. It will help you in betting, especially when dealing with losing streaks.
When you’ve been losing, one of the first things you should do is look at your past bets. This analysis can help you figure out the problem, even if there is one. However, you can’t do this if you don’t keep accurate data.
During the analysis, you need to keep an open mind. Don’t assume you’re doing something wrong because you might be doing everything right but just having a bad day.
On the other hand, you shouldn’t blame everything on bad luck right away. You may be using a strategy that doesn’t work or not making the right choice.
Take a break
One smarter option is to take a break. Your prospects of future success will increase as you reflect on possible areas of improvement now that you have some breathing room.
You may gain a fresh perspective and develop innovative online sportsbook strategies by stepping away from your betting for some time.
The last choice is to give up completely. If you’ve tried your best and still can’t make it work, there’s no shame in giving up. It makes much more sense than throwing good money after bad luck and worsening things.