You lost the wager. You then lost another. Then there was another.
Oh, it happens with most of the bettors.
Soon you realise, Online sports betting is no longer entertaining.
Sports betting can be one of the most frustrating activities because you cannot win the bet yourself. Only those who know what they’re doing can manage and avoid depleting their bankroll completely.
Let’s learn some tips and tricks to save you from losing streaks.
Don’t Try to Win It Back in One Bet:
Losing causes frustration, and frustration causes poor decisions. Every sports bettor has the urge to bet more to make up for losses. But this can be a costly mistake that results in an empty bankroll.
One of the most important aspects of being a good sports gambler is not chasing losses.
The key to profitability is to stick around long enough to see things turn in your favour.
Be Strict with Your Bankroll:
A losing streak will make you realise how important it is to have and stick to a bankroll if you are unfamiliar with the concept.
Once you’ve determined your amount, the next step is to determine what percentage of that pool you’re willing to risk on one play. Keep in mind that when building your bankroll, you should only include money that you are willing to lose.
It is not a rule, but following this system will help you avoid big losses that will cause you to spiral out of control and end up owing the sportsbooks far more money than you intended to lose.
Ignore the Outcome and Focus on the Process:
Of course, the outcome is important. However, focusing on the process is more likely to result in the desired outcome.
Your betting strategy is similar to a crossword puzzle. If one piece of the puzzle is too large, too small, or simply does not fit, you will lose more often than not.
These things matter more:
- Carrying out the research
- Putting thought into all of your betting decisions
- Doing your due diligence
- Having the resilience to ride out a losing streak
Rewind. What Went Wrong?
A good coach will look at the big picture if you just lost a game.
- What went wrong?
- What can we learn from it?
- What strengths can we build upon to prevent losing again?
A bad coach will scold you to the ground, harping on all your failings until they are all you can see. However, focusing on solutions and your strengths is how you will improve. Consider the big picture, not just the money that was lost, as a good coach would, even though losing stinks a lot.
Only Bet on the Sports You Know Well:
Focusing on your strengths by sticking to sports you know is a far better strategy than picking a sport you know nothing about.
As exciting as it may appear to be to place a bet on a curling tournament in Toronto, it would be unwise to do so without first learning the lingo of the sport.
When you bet on sports, you have more control over the outcome. You’ll understand how different aspects of the game interact with one another and how that affects your bet.
This is a proactive step to breaking your losing streak.
Maintain a Long-Term Mindset:
To avoid getting too deep into human psychology, it has been proven that people remember the bad times more than the good.
When you’re having a bad gambling streak, try to remind yourself that if you stick around long enough, the tides will eventually turn in your favour.
If you keep track of the plays you make, which you should, you’ll be surprised at how many weeks or months you’ve had with positive earnings. These are proof that you can win, even if it doesn’t feel like it right now.
Keep Calm and Don’t Blame the World:
The losses are piling up, and your anxiety is rising.
To your surprise, the player you’ve been researching for months, the one you’re confident will win this game, is human. That prop bet you made appears to be a sure thing. However, that player fails miserably.
Your meticulously planned wagers may simply fail due to human error or chance.
Losing streaks are an unavoidable occurrence in both sports and sports betting. You’ll hit a rough patch sooner or later, no matter how skilled you are. Getting through difficult times requires the same skill as knowing which side to bet on in a game. Use these strategies the next time you’re struggling to limit the damage until your next hot streak