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?
Yes, I had a similar experience. I lost some matches that I was confident in. I can’t say that you can be sure of anything in gambling, but there are games in which the probability of winning is much greater, the coefficient there is not large, but because of the high probability, I sometimes bet on such events. So, several of my bets did not go through and I decided to take a break. I think that when the result does not live up to your expectations, you need to take a break so that under the influence of emotions you do not make mistakes and start winning back your losses, which will most likely lead to even greater losses