If you bet on sports long enough, you will need to deal with the inevitable losing streak. It doesn’t matter how long you have been betting, or how good of a handicapper you are, there are going to be periods where nothing goes right.
The way bettors deal with these losing streaks goes a long way in determining their final success, or failure, in the world of sports betting. Anyone can ride a hot streak, but those who can cope with losing streaks are more likely to exist for the long term. If you are broke, you cannot bet. It is as simple as that.
Be aware That Losing Streaks Will Occur
The first thing sports bettors need to know is that losing streaks are going to happen. It is not something which is happening only to them. Even those who earn their living betting on sports will have the 2-10 weekends.
One of the most popular sports bettors around, Steve Fezzik, had a day to forget in the 2014 NCAA Basketball Tournament, go 0-10 on leans that he posted to the Internet.
As expected, he took a lot of flak for that effort, but did keep upbeat. Some days later he posted on Twitter, “Some clown posted that I was 0-9 the other day. 100% wrong. I was actually 0-10.”
Keeping one’s composure is important when the losing streaks happen. A flustered bettor is more than likely a losing bettor.
Don’t Alter Your Handicapping
One of the original reactions when things are going well is to begin making changes in the way a person handicaps a game, which is a mistake. If a player has a solid, proven method of handicapping, there is no need to make any adjustment. Things will turn around at the end.
Equate yourself with a professional baseball player. All hitters will have slumps during a season. But when a hitter starts changing their stance, alter their swing, and making major changes, that is when a minor slump becomes prolonged. The best hitters do nothing except possibly choke up on the bat just a fraction and try and make contact, which is what good sports bettors will do.
Cut Back Your Bet Size
If a sports bettor uses any type of money management system, their wagers will inevitably be smaller when a losing streak happens. If you do not any type of money management system, you should be. It is the single most important factor in the eventual success, or failure, a sports gambler will have.
Although a bettor’s money management system will gradually reduce the size of their bets during a losing streak, do not hesitate to decrease the size of your bets even more when in a slump. Betting half the recommended bet size, or even less, is acceptable and enables a gambler to ride out the losing streak.
Do not Cut Back Your Number of Games
One piece of advice many people will give sports bettors in the middle of a cold spell is to cut back on the number of games they bet. I do not agree, and will argue for cutting back the size of one’s wagers instead.
When a bettor has a period where things are not going well and they cut back on the number of games they make a bet on, it is almost a given that they will discard their winners and wager on their losing selections. If a person chooses 6 games and decides to cut back the number of games they bet on and bet just three of them, it always seems that the 3 games they bet on will go 1-2, while the 3 games they discarded will go 2-1. I am sure many of you know about this from experience.
Do not Be Afraid to Take a Day Off
A lot of bettors feel as though they must be in action every single day there are games scheduled, when many times the best thing is to take a day and get away from the grind. Take your wife out for dinner, go see a movie, or anything else to get your mind off of sports for a while. It will definitely help recharge your batteries and make things less stressful the following day.
Get ready for losing streaks and remember that all sports bettors have them. Try to wriggle off the hook with as little damage to your bankroll as possible, and you will be in good shape once things turn around.