Topic: How were you able to handle a losing streak up to 5 times and above? (Read 992 times)

For the majority of people in the gambling world, it's not always easy to handle a loss, let alone encountering a losing streak up to 5 times and above, This scenario happened recently, during last week, I chose some games that ran from last week down to this week and all my games was in the red, as the league competitions and the European football season of 2023/2024 has just ended and the games we have now on going happens to be the world cup qualifiers games and the international friendlies; However, I'm more of focused on football betting, so the teams I picked to win were,

Egypt to win,
France to win Canada,
Switzerland to win Austria,
Portugal to win Croatia and
Sweden to win Serbia in their respective games,

And reason to select these teams was that I was actually targeting odds that came up a bit, Well, to my latest surprise none of these games were in the money and I can't really recall the last time I had such a losing streak, and the annoying part was that I didn't place this game on same slip, it was a single game all through and secondly some had different match date.

Now, assuming if I happened to be someone who doesn't manage risk or go way above my budget, this would have wrecked my betting balance.

Lesson so far, the need to manage risk is highly recommendable, stick to plans and never go above your plan, all this while my profits have been much higher than my loses, but a single week took the majority of those profits, Therefore, even though you are these profitable person in gambling just as I have been all this while, there may be a rainy day for you and what would protect you are these strategies in place.

Have you had this experience before, and how were you able to manage/handle it?

In gambling, losing streaks are bound to happen, no matter whether you have good control or a good strategy.

Because after all, when you experience defeat, you will also continue to bet in the hope that the next result will be a win. Maybe, it won't be a problem if you only bet with money and flat odds, because what is a problem is when you bet by increasing your bet, whether it's increasing the odds or just increasing your money.

But the point is, there will always be hope for you to win when you experience a losing streak and therefore, stopping betting is something that is difficult when you cannot control it.

In gambling, losing streaks are bound to happen, no matter whether you have good control or a good strategy. Because after all, when you experience defeat, you will also continue to bet in the hope that the next result will be a win. Maybe, it won't be a problem if you only bet with money and flat odds, because what is a problem is when you bet by increasing your bet, whether it's increasing the odds or just increasing your money. But the point is, there will always be hope for you to win when you experience a losing streak and therefore, stopping betting is something that is difficult when you cannot control it.

I didn't reach that losing streak, because I control my funds before it too late and in order to do that I'm not using huge amount of capital. Making gambling for fun was just a good idea, but losing several times was really a devastating situation. Most certain cases leads to distress and your emotions would be affected. Many people couldn't handle it, and some might said they'd able to handle and overcome regrets and worries but in the end it was just an alibi.

It is normal to lose in gambling, not 5 times in a row, more than that, no one can avoid it. If one uses gambling for fun and is not too worried about the amount to bet and can accept the loss then this will not be a problem for him. But if someone thinks that he has advance win while placing bets and his bets are for earning and he does not have the ability to lose the amount he bets or if his money is borrowed money then he will suffer a lot. Which is very harmful to both his health and financial side. For this always risk management should be learned and gambling should always be used for fun purposes

I completely agree that no matter how uncomfortable it is, with such a losing streak, we should admit to ourselves that we have failed and our current luck is still not enough to have a better ending, instead of thinking of any other way to deal with the losing streak, we should put ourselves in a state of egolessness, not taking any further actions when that will be the biggest loopholes. Unfortunately, many people's minds do not help them achieve a state of isolation from the world of gambling, and what remains in their mind is the unpleasant provocation of losing.

Loosing streak can be very terrible for a gambler and worse when risk management is not in place. I have experienced it many times and I try never to be in such situation again. I have been a able to find a way of retaining my sanity whenever I find myself enmeshed in loosing streak. I apply the pattern of reducing my gambling amount by half whenever I lose 3 rounds in a row and when I get to the 5th loss in a raw, I take a break. It can be few weeks break or few days break but I will stay away from gambling for a while to put my psychology in check. Others might have their ways of handling this, so I hope to learn too.

Not just game strategy is included in gambling psychology. You also have to be aware of your reaction to victories and defeat. The management of risks is a key gambling issue raised by your story. Financial difficulties can be avoided if you create and follow a budget. This approach is completely reasonable in a society that frequently promotes risk without considering the bad results. By having a mental barrier around this, you will resist the temptation to "chase losses," which typically results in even more failure. Healthy gambling is about how well you can maintain your principles in the face of adversity as much as how much you win or lose. Always follow the plan

Have you had this experience before, and how were you able to manage/handle it?

For some people, such a streak of bad luck can turn out for the better. Someone determines that it is not his place to bet if luck and his predictions do not work correctly. To some extent, these people save themselves from wasting money and, therefore, stress. But those who confidently go against the wind, stubbornly making other bets, must understand their mistakes, since indeed, you cannot make the same mistakes over and over again, and at the same time, expect changes for the better.

Every one does have a strategy that they do have confident in but the bitter truth has always been, there is no guarantee of a winning irrespective of your strategy whether how long or short you have been using it. However winning has a long way to do with luck after utilizing your most convinced strategy of having the your expected outcome, the uncertainty of either Lossing or winning can not be overemphasize it is an inherent trait of gambling especially when it comes to soccer predictions, because it is embedded with circumstance that one can not have control over it rather than accepting it. Loosing 5 times in a row requires going for a break that is humble advice.

Every one does have a strategy that they do have confident in but the bitter truth has always been, there is no guarantee of a winning irrespective of your strategy whether how long or short you have been using it. However winning has a long way to do with luck after utilizing your most convinced strategy of having the your expected outcome, the uncertainty of either Lossing or winning can not be overemphasize it is an inherent trait of gambling especially when it comes to soccer predictions, because it is embedded with circumstance that one can not have control over it rather than accepting it.

Loosing 5 times in a row requires going for a break that is humble advice.

Honestly, it is too hard to accept if we already assume to win because at the moment we fail, we really feel bad and disappointed and would raise our temper. A 5-time losing streak is not good but we can't blame other people for this nor the casino, we are just too unlucky not to get any favor. In this case, I would rather stop and pause for a while because this already tells something bad, and the more we push through, the more we lose. Chasing winning is just like we are chasing losses, that is why it is necessary to know how to control our emotions and a need to stop.

Frustration is very certain but I think we have to accept the fact that losing is normal in gambling even if we have long experience as this won't increase our chances when we just rely on luck. That is why we can't be too emotional in gambling or else, this will lead us to more suffering. This is how important to understand the nature of gambling, those who can't accept losses are those gamblers who can't taste winning as well. Why? The more they feel annoyed and disappointed, the more they can't think of the right thing to do because what is in their mind is to get back their money and they will never stop committing mistakes until they realize it.

It's sad to know someone loses 5x in a row in a gambling game.
If you lose, you should evaluate first, the first defeat may be an indication that anyone has to re-evaluate.
But when you have lost 5x in a row, that's a bad thing.

One must have a strategy so that such ridiculous things do not happen.
I will only stop when I get 1 defeat because mentally I will not be able to continue losing.
Those who even go through 5 defeats are too addicted and continue to believe that they will win and win, but in fact, they always lose.

Losing in a row in matches like this is a normal thing and we have to be able to accept it even though it is a little annoying and stop for a while so that your emotions can be controlled, so that you don't let your frustration out on betting again which ultimately makes you lose again, when you predict gambling. When you still feel irritated, usually your prediction will end badly, it's better to think clearly in predicting the match and calm yourself before starting gambling again.