Prime Exch Id Strategies for Coping with Loss in Betting
In sports betting, even the best bettors know that losing is normal. But accepting losses can actually help you get better at betting. In this guide, Prime Exch Id shares helpful tips to handle losing streaks, which can be frustrating and confusing. The techniques provided here will help you cope with losses and reduce their impact on your betting.
Give Up the Game Entirely.
The dreaded advice that no serious gambler can ignore. When a losing streak is conveyed to friends or family, it is not something that those of us who love the game can imagine. When fate conspires against you, it is tempting to throw up the towel and never wager again, but image a life wandering around flower centres or National Trust properties while the racing or soccer is on, and you quickly realize that one must refine rather than retire.
Recognize That Losing Streaks Occur.
What exactly is a losing streak? One person's losing streak is another person's 'accounted for blip'. However, strategy has never thrived by assuming that every single selection is a winner. It's good to go on a winning streak, but the reality is that even successful bettors, those who have demonstrated their competence over many years and thousands of bets, may have a losing streak at some point.
If your losses are costing you money and undermining your betting bankroll, there's something fundamentally wrong with your staking strategy (how much money you're putting on each bet) and/or your selection criteria (the reasons behind your pick). Losing streaks come and go. However, every losing streak is an excellent time to examine your staking strategy and bet selection process.
If your staking plan and bet selection procedure are both based on sound betting theory, then just keep betting and work your way through the losing streak. If your staking plan and selection procedure are inconsistent and lack betting theory to back them up, make the necessary changes before you go bankrupt.
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Analyse Your Betting Record
If you embark on a long losing streak that causes your betting bank to decrease to undesirable levels, something is really wrong. However, never, ever chase losses. Examine your spreadsheets of shame, and you'll realize where you went wrong if you look closely. Making a comment about your approach while placing this bet is a smart habit to get into when recording your bets. Did you follow your staking plan? Did you do your intended analysis of that specific event? And be truthful.
Make a note of all failures to stick to your plan, even if the bet was a winner. Why? Because you will realize that wagers where you did not stick to your plan cost you money when you evaluate them. Some will be winners, but the vast majority will be losers. There is no better approach to help you improve betting discipline and fight through losing streaks than to see the cold hard realities that these moments of poor discipline cost you money.
Standing firm will help you overcome a losing streak. Even with a good staking plan and bet selection, losing streaks happen. If you're doing well, keep going when you lose. Follow procedures. Follow your staking plan. Keep choosing. If you do things right, you will overcome your losing streak and gain confidence. Losing streaks, especially your first or second, are hard. You will doubt yourself, wondering if your good results were luck and if you won't be a long-term punter. The first losing streak is the hardest.
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Dust yourself off and prepare better for your next selection. The main lesson is that there's no shame in admitting that you're not cut out for sports betting and calling it a day, or at least taking a break to figure out what went wrong. Instead, then losing money, stop betting on a sport you never win at. Look around, do some paper trading (making fictitious bets and keeping track of their success), find a new sport to play, or try a new technique in your current sport. “Fail to prepare, prepare to fail,” goes the saying.
By following all the above-mentioned pointer by Prime Exch Id. You can easily cope with losses while betting online.