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How to Deal with Losing Streaks in Gambling
Believe it or not, losses are inevitable at some point during gambling. There’s no gambler who hasn’t lost at some point during gambling.
And no gambler has not also had periods of time where winning didn’t even seem like a possibility.
That’s gambling, we convince ourselves.
However, losses can cause endless frustration and defy logic at times.
So, here are some ways of coping and limiting the damage from these times.
Accept losing streaks as a part of gambling
The first thing to managing a losing streak is accepting that they’re going to happen at some point during the game.
And there’s nothing you can do about that.
No regular player has ever managed to avoid a loss, and if you haven’t experienced losing streaks, chances are that you will at some point.
The sooner you get attuned with the fact, the better prepared you’ll be to deal with it when it rears its head.
Take a break
Whenever players experience a losing streak, they get tempted to bet big in an attempt to recoup their losses.
In reality, this is obviously a completely illogical reaction to bad luck, as no one knows for how long the losing streak will continue.
As such, the best policy is to avoid time-fares with betting. Don’t set daily targets or the amount you want to win in a specific time period.
Instead, analyze the bottom-line profit and loss during a period and move away from the table if you think that your losses are going beyond the limit.
Reference betting records to understand what the problem is
Professional players and high rollers usually tend to keep a record of how they approached each game they played.
This includes the bets that were made during certain situations and other details that might be valuable for post-assessments.
As such, you must analyze your betting records to know whether the losing streak is due to the adjustment in your approach.
If you notice any variance in play, you can change it and avoid further losses.
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Approach losing streaks with a systematized format
Many players tend to get emotional when they experience a losing streak, which is, of course, a bad thing.
Emotion in gambling leads to chasing, and chasing can lead to huge losses.
In fact, if things get worse, there’s also a chance of you going bankrupt.
So, also take a systematized approach whenever you experience notable losses:
First and foremost, define your losing streak – assess your records when you’ve hit that losing streak.
Determine whether it’s your playing style or luck that’s resulting in losses.
If your playing style is affecting your gameplay, come up with possible solutions, elicit feedback, and test.
All gamblers experience a losing streak at some point during their gambling journey.
And that’s true for both novice players and high rollers.
One’s ability to approach the losing streak with a calculated response as opposed to an emotional one can make all the difference.
So, keep in mind that gambling involves the element of chance, and your goal is to take a systematized approach towards losses.