if you experience a losing streak...

Dewi Aries

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Managing risk means minimizing the possibility of losing, both of the options you listed may be quite correct but I have my own assumption which is when you don't want to experience a lot of losses it means you also have to narrow your involvement in the activity, in the sense that you shouldn't gamble too often, the reason? clearly because after all we never know whether we will win or lose and that's why I say that one of the most effective ways to avoid losing is to reduce your involvement in gambling regardless of the type of gambling.

But there is also another way which is when for example the amount of budget you usually bet is 10% of the total money you have then you have to cut it in half to 5% every time you gamble, it will reduce the amount of money lost when the result is really lost. Wink

salad daging

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In slot games, for example, if you make a mistake in a row, you will stop for a few weeks or even a month, because usually in this game it is difficult to control if you don't take a break.

Now if in sports betting if in a row, it will be more betting every week in 1x match (single) to achieve consistent wins because usually sports betting is more to parlay in several matches that make the odds higher but we know the risk is also greater.

Maybe it can be said to be selective.

PX-Z

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Quote from: Russlenat on Today at 07:18:45 AM

Every gambler has experienced a losing streak, so I’m curious - how do you handle it?

After having a losing streak at least 10 streak im one game, i eventually stop then will come back later of the day or tomorrow, depends on my "luck detection" irl lmao. Seriously, i play 2-3 games once my i keep lossing or my deposits runs out i'd better stop and call it a day than trying another trick or strategy to come back.

Fivestar4everMVP

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Quote from: Russlenat on Today at 07:18:45 AM

I have another question...

Every gambler has experienced a losing streak, so I’m curious - how do you handle it?

Let’s put it in a betting scenario where we bet every day. Which approach do you think is better for managing losses?

Betting multiple times per day or on most games on the board?
Sticking to one bet per day and being selective?
If you go with one bet per day, have you found it to be successful in the long run? Or do you break your own rule from time to time?

One would experience loses when ever they have to experience it regardless of how or what betting strategy they adopt, if you choose to be betting on one game per day and being very selective as a result, you will still lose from time to time because it's never possible for a gambler or bettor to be correct at all times.

And if you choose to be betting on several games per day, this will obviously not allow you the chance to resesrxh properly before choosing the team to bet on on of the games or matches you will be betting on, this will definitely cause the bettor to lose some or most of his games, but in the end, what matters most is enjoying what you are doing as a gambler.

Losing streak is a normal occurrence in gambling, most gamblers experience this from time to time, and I think the best solution to it is taking a break when one is faced with a rather long losing, take a break and safe yourself the stress and anxiety, come back later on to a fresh experience.

crwth

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When I am on a losing streak, it will be a walk away from the table or just turning it off to the day. I have cases where I am affected by the gamblers fallacy but it's okay since I have allotted a budget for my gambling. It's fun for me and not a problematic thing, in my opinion. I need to be consistent with myself and strict with the budget.

uneng

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Quote from: Russlenat on Today at 07:18:45 AM

Betting multiple times per day or on most games on the board?
Sticking to one bet per day and being selective?

I guess the second method is just a path which takes longer to reach the same destiny of the first alternative. Losses are going to be faced by most gamblers the more they gamble, while only a minority is going to be in profit. If you place many bets per day, you are making the process to further losses faster. After all, it's up to the gambler to decide how he wishes to handle his bankroll, always with the thought in mind that it must be money he can afford to lose.

There aren't any issues in experiencing a losing streak and trying to apply a strategy to minimize losses, as long as the individual is playing responsibly. It's just important to know when to stop, what means nothing else can be done to revert or minimize a losing streak on the current moment.

Frankolala

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Quote from: Russlenat on Today at 07:18:45 AM

I have another question...

Every gambler has experienced a losing streak, so I’m curious - how do you handle it?

Let’s put it in a betting scenario where we bet every day. Which approach do you think is better for managing losses?

Betting multiple times per day or on most games on the board?
Sticking to one bet per day and being selective?
If you go with one bet per day, have you found it to be successful in the long run? Or do you break your own rule from time to time?

I hate losing because I feel I am a loser, I quit and go on a break. I don't gamble everyday anymore, because of my busy schedule. I only bet on few matches during the weekend and if I run at lose, I don't have a problem with that. It was way back when I was struggling with addiction that I couldn't control my losses because I gamble everyday.

hahay

legendary

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If I get a losing streak, I personally will just try to forget the bad results. Because I think, that's the only way to keep finances good. Because after all, if for example we get a losing streak and then we try to take back what has been lost, as far as I have experienced it will only give worse results for finances. Thus, I think we are free how often and how much we gamble every day, because the most important thing is that we must remain comfortable in betting. Because with that sense of comfort, we will not be burdened to be greedy and frustrated.

Hispo

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Quote from: Russlenat on Today at 07:18:45 AM

I have another question...

Every gambler has experienced a losing streak, so I’m curious - how do you handle it?

Let’s put it in a betting scenario where we bet every day. Which approach do you think is better for managing losses?

Betting multiple times per day or on most games on the board?
Sticking to one bet per day and being selective?
If you go with one bet per day, have you found it to be successful in the long run? Or do you break your own rule from time to time?

Actually, there is a simple explanation on why there are so many gamblers out there who experiment a losing streak, giving the impression almost any gambler has had such negative experience. It is all about statistics and the fact we cannot easily control greed.
There are only two kinds of streaks: good ones and bad ones. When the average gambler goes through a winning/good streak, they rarely stop and continue to gamble until they start to experiment a losing/bad streak. It is greed in action.
Bad streaks stop people from gambling, because we have a bottom for our available money, however we do not have a ceiling for the money we want to win before stop gambling, logging out the casino and calling it a day.

The best way to mitigate this is being aware of the laws of probability and how big the house edge in each one of the games is, the more we wager and the more often we do it, then it will become easier for us to start to lose money in a bad/losing streak. Avoid casinos which have an unreasonable house edge and those who do not offer probably fair games as an option.
Also, the rule of thumb we all have read: Only gamble what one can afford to lose to those bad streaks.

Victorybit1

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Trust me when I say that betting multiple times per day while on a losing streak is only going to make the problem worse. Losing streaks can break you down mentally if you are not emotionally mature and it can lead to you making irrational decisions. The best thing to always do when you find your self losing consecutively is to take a break from the game. There are times in gambling that might be very rough, I'm sure every gambler can relate to this. Trying to get back your losses by all means is another thing you should avoid, have a limit and know when to stop, this is what makes you disciplined.

danherbias07

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It's not easy. Actually, there's no way to handle the situation after a losing streak. All we can do is stop playing and don't mess it up more.

I experienced it many times in the local online casino here in our country and I can say I feel like I am being robbed when that was happening. Emotional stress and hatred will start to pour and the next thing you know, you are already losing thousands of pesos. I learned from my mistakes though and as soon as I see a losing streak, I stop playing for the whole day and come back again the next day with just the same deposit and try to win it back but if it doesn't, just rinse and repeat.

Nwada001

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Ordinarily, I always fail to have significant winnings each time I gamble for days straight up; even if it's once a day, I always end up losing a few of the bets. Sometimes, almost all the bet slips will end up on the losing side. Talk more of gambling more than once a day.

To reduce how much I could possibly lose, I will classify myself sometimes as a seasonal gambler, which I don't gamble frequently, but occasionally, sometimes weeks will pass, and I won't even place a single bet, while sometimes weekends are my best time to try shooting my shots.

Agbamoni

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Quote from: Russlenat on Today at 07:18:45 AM

Let’s put it in a betting scenario where we bet every day. Which approach do you think is better for managing losses?

Betting multiple times per day or on most games on the board?
Sticking to one bet per day and being selective?
If you go with one bet per day, have you found it to be successful in the long run? Or do you break your own rule from time to time?

If you want to control a losing streak, then you need to know the type of games you have been playing that you lose most often. And then stick to the one that favors you most by betting one per day. Don't go beyond betting on multiple games in a day because even if you win in one you might lose in the rest of them. This is one of the best approach to reduce the way we lose. Remove the mindset of betting multiple games because you think you will win in one which means you won't lose your entire money.

Patikno

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Quote from: Russlenat on Today at 07:18:45 AM

I have another question...

Every gambler has experienced a losing streak, so I’m curious - how do you handle it?

Let’s put it in a betting scenario where we bet every day. Which approach do you think is better for managing losses?

Betting multiple times per day or on most games on the board?
Sticking to one bet per day and being selective?
If you go with one bet per day, have you found it to be successful in the long run? Or do you break your own rule from time to time?

Every gambler has probably experienced a losing streak, including me, and this is really not profitable of course. Before I solve the problem, I will certainly try to calm myself down first, because if I still want to continue in an unsettled situation, then it is very risky and will have an impact on future bets, so I personally try to calm myself down first. Then when I am calm, then I will overcome it by making one big bet and of course full of analysis to avoid defeat, so that when it results in a win, all previous losing streaks are resolved. I call it "One Big Shot". Fortunately, this often leads to victory, even if I have lost, then I will surrender to the results and it is better not to avenge the defeat because it is too risky for me both psychologically and financially.

Dr.Bitcoin_Strange

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Quote from: Russlenat on Today at 07:18:45 AM

I have another question...

Every gambler has experienced a losing streak, so I’m curious - how do you handle it?

Let’s put it in a betting scenario where we bet every day. Which approach do you think is better for managing losses?

Betting multiple times per day or on most games on the board?
Sticking to one bet per day and being selective?
If you go with one bet per day, have you found it to be successful in the long run? Or do you break your own rule from time to time?

Normally, having a losing streak will be more frustrating if you are gambling with the amount of money you can't afford to lose and you ended up losing the money and started chasing losses until you also lost an unintended amount.

So, first step to handle the losing streak is for you not to bet with the amount you don't intend to lose.

Before you start betting, remind yourself that losses are inevitable and what ever result you get, you will accept it and move on.

Know that you are there to try luck and when you are experiencing bad luck, just know it's not your fault but your luck is not shining, so you have to take a brake.

mindrust

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I just leave it… I don’t chase my losses because I know it will make the situation even worse. If it it very hard to handle this situation, then you are probably an addict because a normal person doesn’t put himself in such position. In that case you need professional help because if you don’t fight your addiction immediately, it will cause you bigger harm in the future. A smart gambler knows how to manage risks. Being an addict doesn’t mean you are a smart gambler. It is the exact opposite.

Poker Player

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Quote from: Russlenat on Today at 07:18:45 AM

Every gambler has experienced a losing streak, so I’m curious - how do you handle it?

Let’s put it in a betting scenario where we bet every day. Which approach do you think is better for managing losses?

In poker, and I assume it is the same for sports betting, in a losing streak you have to take advantage to play less and study more. Review your game, study your opponents, review the situations.

As for casino games I guess it will be similar, play less, because you should play to entertain or have fun, and being losing mostly during many sessions does not entertain anyone.

Cantsay

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If I experience a losing streak, the first thing I usually do is to take a break from gambling it might be a week or even days depending upon my mood and faster then I’ll make sure I take my time to carry out my analysis on the game I’m to bet on next and then bet a little amount on it - my target isn’t to make profit but just to try and get that feeling of losing streak off of me.

There’s a way you’ll lose money in gambling that it will start affecting you to the extent that you might want to even start chasing faster your loses so to get rid of it I tend to just go for a game that has the highest chance of winning even if the odds is less than 1.2 after then I can return back to my normal gambling habit having in mind that I did win and so I can win more.

CroverNo01

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Quote from: freedomgo on Today at 07:39:50 AM

My approach is simple, I gamble as long as I have the money but I never chase my losses.
So here's what I do, If my wager per bet is $10 I’ll stick to $10 even if I go on a 10-game losing streak. I know losing isn’t fun but that’s just how the game works.

If I still believe I can win, I’ll keep going. But if I lose confidence, then I stop... simple as that.

Streak losses are one of the painful outcome for any gambler to experience. They're not even stationed to be happily intrigued because they're losing out alot of money in their pockets. Perhapes your illustrations following this thread becomes helpful and clarify all simplicity. We gamble with what we can afford to lose and also place wager when we sights good odds. More to recounts for, gambling is not a do or die affair, we gamble only with our spare change and also having a fixed targets for ourselves.

Confidence-built is necessary, atleast we do not break down in the process of buckling up our levels in the general system. A winning is observed from a distant, we can be breathing all possible possible odds of winning, some day can be good while some can be bad, always noticeable and consider wise to follow steps that will be convenient for one. There are so many vast records of losses, one should look for some inspiring momentum to keep pushing.

Judith87403

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Quote from: freedomgo on Today at 07:39:50 AM

My approach is simple, I gamble as long as I have the money but I never chase my losses.
So here's what I do, If my wager per bet is $10 I’ll stick to $10 even if I go on a 10-game losing streak. I know losing isn’t fun but that’s just how the game works.

If I still believe I can win, I’ll keep going. But if I lose confidence, then I stop... simple as that.

Same here, but the only difference is that I don't gamble more than 1% of my income and if I gamble for like two to three days I will still have to give it a break for some days, or better still I can decide to wait until next weekend, of course as Long as gambling is concerned losing is very certain even if you apply all the whole skill in gambling you will definitely experience lose.

Which is why we don't need to stake more than 1% of our income so that we won't panic whenever time we lose in gamble, because is only when you stake using a huge amount of money maybe if the outcome didn't work as it is expected then we start panicking, this is why is always advisable to stake with what we can afford to lose.

Topic: if you experience a losing streak... (Read 133 times)