So, it happened… April was the worst month I have ever had since joining BetAdvisor in February 2012. At the start of my service we had a similar run and this year was almost exact the same. Almost every single pick was a losing one. Was it a sign that Lady Luck has abandoned me? Have I lost my advantage over the bookies? Am I a poor tipster? I can ask myself so many questions and I also have many answers, which always points me to one conclusion… The bad run. Yes, we all know it appears from time to time, it’s a normal thing but sticking in a deep hole for such a long time is something no one wants to experience when making a serious investment in sports betting.
In this article I will try to perform an examination on my example of what went wrong and how to get up from this nasty losing trend.
As much as we all love winning runs, at some point in betting, you will also have to deal with losing streaks, no matter how long they can be.
Always, the worst thing you can do when you find yourself in the red is to chase losses which is obvious for most tipsters. Yes, I realize you know that but you still do that right? Even me from time to time. Avoid it please!
When experiencing bad days/weeks or even months like we had, many thoughts will go through your head. Anger, depression and even the biggest lie: “I won’t ever bet again.” You will blame the players, pitch, luck, weather, yourself, your wife, dog and anything else that you can before you realize the truth – THIS HAPPENS! That’s why it is important to survive such “bad climaxing” with permanent adherence to money management and to a strategy you are faithful to. Never double your stakes, increase handicaps in order to think you can bounce back faster. It all needs time and patience.
Another important factor, which is connected to chasing losses, don’t bet on outsiders as this is one of the biggest pitfalls in sports betting, or don’t be tempted with the best odds on some pure favorite unless you don’t get a solid info on both, as this is just a tempting method of the bookies to suck them more of your funds into their pockets.
I very often try to avoid betting on the most advertised games, as they are just irrational and harder to predict, as bookies are aware that the market will be huge on this event and vast majority of bettors will take most of it, while something “nice” may always appear. Remember last the Barcelona – Bayern CL match? Crowds were all over Barca winning this match – with over 250m EUR placedand only 80m wagered on the visitors to win. So, no real thought of whether the bookies would be happy to hand over such a fortune easily into our hands. If you have to have a wager on every televised game, those bets should be much smaller than your typical bets. I’ve seen many good tipsters lose money over time by betting the same amount, if not more, on games that are broadcast than they do on games they honestly believe are good bets. So please keep that in mind. There are very often better values hidden in matches which are not big rank and from such ones you can get better profit.
What I usually do when suffering such losing streaks, is ensure that I am doing my best to pick my bets even more carefully than before. I spend longer analyzing, comparing, calculating just to find the very best selections. In the upcoming season I will reduce significantly the number of tips and will stick to quality over quantity. Another important step is that always you can take a break in betting – just like I did. A few weeks of cooling off and refreshing your damaged brain cells is always helpful. Of course during that time you can still work – do your analysis as you would normally do and play your bets just on paper to check if you are getting back on the track. That way you can test out your strategy and make the right decision in a proper time.
Another important rule which I have already added to my service, is to stick to the leagues you have knowledge in, as going blind with the delicious odds on some “exotic” leagues you have no idea on, is another huge mistake. Specialize in few leagues at the most as I haven’t met a tipster yet who is a global omnibus. What many sports bettors don’t realize is that they’re actually competing against other bettors who spend countless hours on researching tips, studying trends, injuries, and various betting aspects to find the best tips for us. Even if your best league fails you, I know this trend will flip and everything will get back to normal soon enough. There is an old joke in betting world, of a sports bettor who loses week after week, and finally, his bookmaker starts to feel sorry for the guy and suggests that he might want to try betting on golf. – “Golf! I don’t know anything about golf!” ..Got my point aye?
Hopefully the above thoughts and guidelines will help and cheer you up a bit as betting is a long term process and there are always ups and downs. If you follow set rules you will have an advantage over other bettors who can’t control their emotions and leave with their hands empty. I wish you and myself that very soon we will be back to bookie bashing with even more knowledge and experience from the last season!