Topic: How were you able to handle a losing streak up to 5 times and above? - page 5. (Read 969 times)

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.

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?

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

You are lucky to have your losing streak stop at 5, with the kind of games that you selected, you have low chance of winning and this isn't because it was dominated by players or not balance, it's because Euro Championship isn't the kind of regular season we are used to, not some players you expect are called for playing and you don't even know how dominant some players are after the main season in their club, this is why I don't bother myself to play off season games.

Any game that is not September to June, I don't bet my money on them because I know for sure I'm going to lose, there is now way Argentina of 2022-2023 will be the same for that of 2024, there is going to be some changes. The only time I think is okay to bet off season games is when they approached quater final that's when you begin to predict some characters of some players and teams but make sure you don't bet on straight wins, over or under are easy to predict.

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

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.

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?

It's a fatal mistake if you lose five times in a row, this is really messy, 5/2 might still make sense if 5/0 if that happens it could frustrate me.
Yesterday I also placed an international friendly football bet between Portugal vs. Croatia I put the score 2 for Croatia at the end of the match ended 1-2 I succeeded for Croatia points, so did France vs. Canada I didn't put a score on both, I chose 0-0 I dealt with the loss based on the Netherlands vs. Canada match. Canada, for me the Netherlands are strong teams and if they meet France vs. Canada, I speculate that both teams are evenly matched.

During the match Switzerland vs. Austria I lost, because I put Austria score points 2, the end of the match 1-1, but it doesn't matter for me because I have a win of two matches meaning 3/1 two for me one for them.

My experience, in international friendly football matches to cover a loss, check their history during the match of both teams for example: Sweden vs. Serbia look at the final results of the two teams, before the bet is placed, you can judge during their tournament which one has the points and the chance of winning when both of them compete.

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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?

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?

Lose streak cannot be avoided. Whenever I'm in such situation, I just accept things. We don't have full control of our bets in the first place. As we all know, pushing positive outcomes won't cause you good. It would be much better to let things be and try the next day if you would still want to. Some are even losing for long but are still continuing things; that is simply the concept of gambling which is to test your luck but always keep in mind to manage the risk and your bets of course.

I'm not really sure how it feels when it comes to losing streak at sports betting because I do not place sports bet really often, maybe only once/twice a week.
Losing streak is common thing, it is even possible to happen with high winning chance such as 1.1x-1.5x
What I usually do when I experience losing streak (casino games) I stop playing or move to other games in case I still have some balance left.
In case I have no more balance, I stop and take rest for days before I come back to play the game again.

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.

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

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

I am able to handle big losing streaks with lots of booze and weed.  Kidding, kinda..but I think you make a good point when you mention sticking to the plan.  That's the most important rule in gambling if you ask me.  

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.