You've been betting and losing repeatedly, and you've lost the excitement and fun in sports betting. Losing streaks doesn't always mean the risk of debt or the end of all your bets.
In this article, we'll be looking at how to bounce back from losing streaks and stay calm when it happens.
What is Considered a Losing Streak?
Sports betting is fun and could lead to increased dopamine when paired with some winnings. It's also a fun way to test your knowledge of a particular sport.
And even though you won't always win, it's still exciting to imagine the possibilities. However, once you're on a losing streak, all the fun instantly disappears. Losing streaks have different meanings to different people:
Let's Look at Mark for An Example
Mark has placed bets on the last three Israeli Premier League matches and lost all of them.
- He knows the matches well
- He has been placing bets on the Israeli Premier League for several seasons
- He knows how to pace himself
This losing streak won't lead him to bankruptcy as the amounts he bet and his time on research reduced the risk for big losses.
Steve Took Another Approach
Steve has a habit of following his guts and feelings and declares that this bet will be the winning bet. This will be the team that beats the odds and gives him that grand win he's been waiting for. But unfortunately, it is not the one. And this happens again and again.
Also, he doesn't even watch football matches regularly.
You probably know where this will end up. Both Mark and Steve have experienced losing streaks, but the risk for Steve is significantly higher than Mark's.
Now, let's look at how you can avoid getting on a losing streak when betting on any sport.
5 Ways to Break a Losing Streak in Sports Betting
Focus on the Process and Ignore the Outcome
Don't get us wrong; the outcome does matter. However, focusing on the process will likely bring the outcome you want.
Finding the right betting strategy is like finding the right piece of the puzzle. It has to be the perfect fit. If it's too small, too big or just doesn't fit, you'll likely experience losses more often than not.
Or, for example, when someone gets food poisoning, they'll really hate the result. However, the important thing is to go through the things they've been through during the day, identify everything they've eaten, and find out the culprit. Then, they can avoid eating whatever it was again.
Instead of relying on luck, we can focus on these essential factors:
- Do your own research
- Invest your thought in all your betting decisions
- Do due diligence
- Have resilience to slide through any losing streak
Look at the Things That Went Wrong
When you've just lost a game, you can avoid continuing the unfortunate streak by looking at the bigger picture:
- What went wrong?
- What can we learn from the mistake?
- What can we improve to prevent more losses?
When you lose a bet, don't focus on all your failures until that's all you see. But focus on the solutions and what you did right, which you can improve. Even though it stinks to lose some big-time money, take a look at the bigger picture and you'll have better opportunities on your next bets.
Only Bet on Sports You Follow
Focusing on your strengths and only betting on the sports you know will have a bigger advantage than blindly betting on a sport that you don't know much about.
When betting on a sport you follow, you'll have more elements in your control. You'll know the different factors like the back of your hand and how they'll influence your bet.
When you bet on your favourite markets, you're focusing on strengths. This can be an excellent step in breaking your losing streak. This helps you more than only win but also helps you regain confidence, which may be enough to get you back on the winning groove.
Losing Streaks are Part of the Process
Everyone experiences losing streaks at some point. It's something that is bound to happen somewhere in the long term. However, only focusing on the losing streaks can be depressing.
Even the most knowledgeable bettor with the most insight will experience a loss once in a while. What we can do is to learn, grow and change for the better.
Take a Good Break from Sports Betting
Perhaps you need to step back for a while, focus on your other hobbies and then jump back in the space when you've collected yourself. Your wallet and mental health will appreciate it.
It can be hard to stop and pause when you're deep in a bet and feel like you need more wins. But this might be the best way and the thing you need to start fresh.
