How were you able to handle a losing streak up to 5 times and above?

[TravelMug]

It's sad to know someone loses 5x in a row in a gambling game.
If you lose, you should evaluate first, the first defeat may be an indication that anyone has to re-evaluate.
But when you have lost 5x in a row, that's a bad thing.

One must have a strategy so that such ridiculous things do not happen.
I will only stop when I get 1 defeat because mentally I will not be able to continue losing.
Those who even go through 5 defeats are too addicted and continue to believe that they will win and win, but in fact, they always lose.

But it usually does happen, and I think gamblers here who have been in the game for so long could have experience it already. I know it's going to be very hard to recover from that mentally, even if you say that you can afford to lose, the psychology of gamblers losing a game is incomprehensible. So there could be gamblers who are willing to continue even if they have suffered consecutive losses.

As for me, just stop for a while, then a breather and come back strong in the next couple of days. And usually it's a great strategy for me as I did it the last time and then I rested like 5-7 days and when I played my favorite slots again, I have a 2 day winning streak, but yesterday was different, lose a small amount but I was able to bring back my self-control not to deposit anymore and just enjoy my winnings the previous day.

[Franctoshi]

5 times? Amateur!

This isn't a matter of being Amateur or not, or Losing 5 times isn't the message I'm trying to convey here, rather the fact that despite these consecutive loses I didn't try scale up my betting amount, and I didn't allow my emotions to ruined me to try to twist my game plan, because I had a game plan in place, Too ,base on the strategy I use, I haven’t had 5 loses in a row, Therefore, we can't have same experience, we need you to share how you were able to control yours the first time you hit such a consecutive loses.

Most gamblers lose even more than just five times; that is why I was shocked too, seeing the OP talk about just five times. If it is a fixed matrix that every gambler must win within five bets, then we could have called gambling a reliable source of income.

If you feel that you have lost too much gambling consecutively and that it is now becoming a problem, then take a break. If you can take a break, it is a good sign that you are not addicted. If you are unable to take a break from gambling after losing for so long and know that it is now posing a big financial problem to you, then that is an indication of chronic addiction, and you need professional help.

Now this is me, I pegged mine loses at 5 and I call it a day, let's say yours  is 8, 10, 12, how are you able to control it when it happened? This is a question for others to learn from, So we aren't here to drag who is more experience or not, rather we want to learn how you handle it because there are a lot of newbies in the gambling space that wants to learn from your experiences.

[mirakal]

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.

Odds sometimes are helpful on which team we decide to bet but still, it is not our only basis for doing it. I was a victim of this strategy before until I realized that it was wrong and made another betting style. I usually put my bet on lower odds but to find out that it never works all the time. I'm not sure if there is a winning pattern in betting but sometimes I'd notice that once high odds win, some of the game that has higher odds will also win. That is why I don't rush on betting but to do some observation as well. Still, this never ensures winning but at least I feel to have a huge chance of winning rather than suffering 5 losing streak. I'd rather pause for a while in case it happens.

[Strongkored]

Have you had this experience before, and how were you able to manage/handle it?

[/pre]

I have never experienced such a losing streak in a single bet as far as I remember, because usually I would immediately place a multi bet if I wanted to bet on many matches.
Apart from what you mentioned, betting on friendly matches is not very convincing because you can see how Brazil only drew against the USA even though they often win when facing the USA or also England who narrowly lost to Iceland and this is a surprising result I'm sure because England will get low odds bettors will choose other bets, for example over but not a single goal can be scored by England, but because the league is on break sometimes we don't want to stop so we choose friendly or qualifying matches, and to be honest this is a match that I don't really follow and waiting for the European Cup in a few days is better.

[Tmoonz]

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?

[/pre]

I have heard such experience before and the only thing necessary to do is to go for a break because your emotions has been detorated and you might have negative feeling towards gambling and might overly gamble beyond your original plans, but anyone considering gambling as a game Will not be completely feel bad, you need to have some break and calm your emotions just as the saying that he who fight and run away lives to fight another day. In as much as gambling is a game of luck but one also need to make whatever options that you think is the best and Wait for the outcome which could either be win or lose, and at some point one don't need to gamble when your emotions towards gambling at a point in time is not completely convinced to do that because their  are time we gamble even when are no much games options to play.

[Japinat]

Just be disciplined and believe that a losing streak will happen, so you'll be prepared for it. If we know it's going to happen, we can create a strategy to handle it. Since sports betting should be approached with a long-term perspective if we want to be profitable, it's crucial to set up a decent bankroll intended for such situations. Some gamblers get frustrated when they experience a long losing streak because they have unrealistic expectations. We should avoid that mindset, understanding that gambling involves long streaks, whether winning or losing. Our goal is to be profitable based on our overall performance.

The key to achieving this is discipline in managing your bankroll. This will help you stay in the game longer and accept a losing streak without panicking. Also, never chase your losses—that's another important principle.

[stompix]

5 times? Amateur!

Most gamblers lose even more than just five times; that is why I was shocked too, seeing the OP talk about just five times. If it is a fixed matrix that every gambler must win within five bets, then we could have called gambling a reliable source of income.

I think most users here don't place that many bets, when you play one-two times a week then the possibility of a 5 streak loss is also lower, you only place 100 bets a year, if you play like 10 times a day then you have ore than 3000 bets, pretty easy to find a 5 consecutive streak in it!

I will only stop when I get 1 defeat because mentally I will not be able to continue losing.
Those who even go through 5 defeats are too addicted and continue to believe that they will win and win, but in fact, they always lose.

So if you get on a lost bet you stop playing? How does it even work?

~
This isn't a matter of being Amateur or not, or Losing 5 times isn't the message I'm trying to convey here, rather the fact that despite these consecutive loses I didn't try scale up my betting amount, and I didn't allow my emotions to ruined me to try to twist my game plan, because I had a game plan in place, Too ,base on the strategy I use, I haven’t had 5 loses in a row,

It's not about strategy you just got lucky!
It's gambling, it's not science it's not math, it's a random process, and even your own experience shows, it, to this date you haven't had 5 consecutive losses, but that still happened once, just as if you continue on playing at one point you will experience a 6th loss.
It's impossible to develop a strategy to not lose more than 5 times, otherwise somebody would just copy your bets and play Martingale on them and win forever.

[Assface16678]

Just be disciplined and believe that a losing streak will happen, so you'll be prepared for it. If we know it's going to happen, we can create a strategy to handle it. Since sports betting should be approached with a long-term perspective if we want to be profitable, it's crucial to set up a decent bankroll intended for such situations. Some gamblers get frustrated when they experience a long losing streak because they have unrealistic expectations. We should avoid that mindset, understanding that gambling involves long streaks, whether winning or losing. Our goal is to be profitable based on our overall performance.

The key to achieving this is discipline in managing your bankroll. This will help you stay in the game longer and accept a losing streak without panicking. Also, never chase your losses—that's another important principle.

Well, that's true; everything you have said is true and needs to be implemented in order to minimise the losses and avoid losing too much money, but I admit it can't be helped. I used to be or experienced being a gambling addict and exceeding my limits, and after that, I became more disciplined and learned how to control myself from overspending on gambling. But I admit that sometimes I still can't fight the urge to gamble more even though I have lost my allocated budget. But we are just humans, so sometimes it can't be helped, but it only happens once in a while because I also limit my gambling activities because I'm doing something else other than gambling. That's my way of diverting my attention to other things. So it's not bad to sometimes be overboard with your limit, but keep in mind that you should be ready for the consequences of your action and you should know how to fix your mess.

[angrybirdy]

Just be disciplined and believe that a losing streak will happen, so you'll be prepared for it. If we know it's going to happen, we can create a strategy to handle it. Since sports betting should be approached with a long-term perspective if we want to be profitable, it's crucial to set up a decent bankroll intended for such situations. Some gamblers get frustrated when they experience a long losing streak because they have unrealistic expectations. We should avoid that mindset, understanding that gambling involves long streaks, whether winning or losing. Our goal is to be profitable based on our overall performance.

The key to achieving this is discipline in managing your bankroll. This will help you stay in the game longer and accept a losing streak without panicking. Also, never chase your losses—that's another important principle.

Agree! and just like in a normal games out there, if we experience multiple losses in just 1 session then I suggest to stop, breathe and think carefully. Continuing placing a bet is not advisable unless you still have extra funds in your bank roll but it's not okay to used it all in just one seat. Having a self discipline is a must, it is the major key for us to prevent massive losses in every gambling sessions that we take. There are times that we experience "rough times" and if that day happen, I hope everyone here knows what to do. Be a responsible and attentive gambler.

[Ultegra134]

Five times in a row must be disheartening. I haven't had a similar losing streak in sports betting; in regular casino games, though, I've had my fair share of losses. The majority of which were minor bets, so it wasn't that big of a deal; it's part of the game; however, the one that annoyed me the most was on Bustabit. It was approximately two years ago, possibly even more; I can't remember exactly, and it was my last mBits on the account. My strategy of trying to play it safe and redeeming at 1.10x wasn't too profitable or safer than waiting for greater multipliers. I lost all my balance in three games, all of which crashed at extremely low multipliers, such as 1.05x or even lower.

I was so annoyed that I quit and never returned to that game.

[ethereumhunter]

It's difficult to manage five or more bet and research for each match to finds the team that can wins. But if we are sure that we knows the right teams, we can directly place the bet and not thinks much about the bet. That's what I do and I never thinks much about my bet because when I place a bet, I just bet on the match by selecting the team and let it go. One thing that I will make sures is I place the money that I can affords so if I lose, I will knows how much money I lost in every bets.

I experienced lose all of my bet and I can accept that because I knows that in gambling, I can lose anytime and that can cause my money is gone. I don't thinks to recovers my lost money by place another bet but I just quit gambling for some days and do other things that can helps me to forgets my lose before. You just needs to knows about how much money you can affords to gambling so you will not lose much money and can accept the lose. No matter about how many bets you place, you can accept the lose that you gets later.

[Webetcoins]

I've not been an active sports bettor for a long time, but when I used to make bets, I don't remember hitting a long streak as big as 5 because I used to make calculated bets only which means that in games where I would know there will be a lot of competition since both sides are strong and the unexpected might happen, I would skip such matches often and only make bets where I used to know I can get a win because at the end of the day, your target is to win, right?

However, if I was in your position and if I had a loss streak of 5, I would probably stop right there, maybe try gambling games if I wanted to gamble sometime, or maybe try another sport that I had a little bit knowledge about such as Tennis or something. That would give me some time to refresh and come back stronger.

[GxSTxV]

Losing streak can be very common in the gambling world and tend to happen to most of us which is completely normal as u can never win non-stop, we should always keep the possibility of losing in our heads.

I remember few months ago I had similar experience as I was gambling on this one particular online casino, I was betting with little money to be honest but I noticed how I kept losing everytime I bet on two slots I kept losing and losing and it missed me off sincerely because how couldn't I win not even once I was losing for multiple times to a point where I decided to block my account on that casino for six months just to stop myself from chasing those losses because I knew that it can't take me anywhere. Now after few months I recall what I did and I personally consider it wise from me because I could have done something terrible if I kept gambling there, it was the best option for me in order to manage myself.

[Fivestar4everMVP]

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?

Well well, I've had even a longer and worser losing streak in the past, losing streak up to 15 games in a roll without a single winning, though this was while playing a Slot game, and based on my personal experience, it's possible for a person to have up to 20, 30 losing streak while playing a Slot or casino games and he or she won't really feel it, most especially is the person is betting the minimum amount of bet on each of the games, though having such a long losing streak is really rare.

Coming back to sports betting, I think I've had up to 10 losing streak one time like that, it was funny though, i was betting on parleys as well as single games, I kept losing on both, and up to the tenth time, this was like up to more than two weeks if I still remember correctly, that made me feel like shit really, but then, I just took a break from gambling for a while, and by the time I started again, i had completly forgotten of that terrible experience of losing over and over again up to the tenth time.

[$crypto$]

I've been a gambler on sportsbooks since I was in high school, I've gone through a lot of betting on matches, but in your case, I've also experienced it, and what lessons can I take? That's one, it's about don't bet on qualifying matches that have no vision & also friendly, national or club matches.

Sometimes what we expect is not what we bet on because friendly matches are more about entertainment than real competition, what do I do and not want to do?
Rarely bet on national team matches that conduct trial matches.
Will not bet again on pre-season tour matches sometimes also miss in this match even though the odds are small.
Now that the Euros are about to start and the Coppa America, it will be more interesting for betting.

[Wapfika]

I've not been an active sports bettor for a long time, but when I used to make bets, I don't remember hitting a long streak as big as 5 because I used to make calculated bets only which means that in games where I would know there will be a lot of competition since both sides are strong and the unexpected might happen, I would skip such matches often and only make bets where I used to know I can get a win because at the end of the day, your target is to win, right?

Sounds like you are just gambling in paper not in real bets since having a bad day with losing streak in gambling is unavoidable no matter what calculated bets you are using since it’s still gambling unless you are placing 1 bets every week then it’s really hard to get that kind of losing streak.

Your comment is a text book must do guide but it’s very hard to apply it in reality since the result on sports always have variance that affects the games like underdog unexpectedly beat the top teams or star players injured during the game that cause a huge impact to the outcome.

[junder]

If you gambling with the money you can afford to lose, you will not have a problem if you lose. You will limits your lose so the lose will not becomes too big. But many people will not thinks about their lose instead will trying to recovers their lose.

In gambling, you must know how much money you will use so you can manage the risk. If you lose, you will not trying to spends more money, especially if you already lose for some money. You knows how to use gambling for entertainment.

I don't have to wait for 5 times to stops gambling because lose for 5 times is something for me. I will immediately stops gambling and leave the casino to prevents the temptation.

That's why it's important that we allocate an amount of money to gambling that we can afford, and when allocating money to gambling, it's probably better to consider it lost and never hope to recover the money we've lost in gambling because it could have fatal consequences in the future. Losses can still be minimized by doing it in moderation, but defeat cannot be avoided because it has become a condition that will occur more often than winning. However, with large losses, of course it can be minimized by taking the next steps ourselves. If we cannot limit the actions we take, large losses will occur, the same as losses that are certain to occur.

The impact that will occur depends on us allocating money to gambling. Apart from that, our assumptions and perceptions determine what will happen in the future. If we think we can recover the losses that have occurred then losing more money can occur. By wanting to recover the losses that have occurred, it can make we put in more money where the goal is to recover losses but the winnings are not certain to be obtained. When gambling has ended in defeat then what you have to do is stop gambling by not risking any money back whatever the reason, it is better to stop and go to rest. Apart from resting physically, of course your mind also needs to be rested, so the thing you have to do when you experience defeat is to stop, especially when you experience consecutive defeats.

[uneng]

Have you had this experience before, and how were you able to manage/handle it?

Yes, this is a pretty common experience in gambling games. When I faced long loss streaks I just played until the end, that is, until the last penny, through Martingale strategy, in an attempt to recover the previous losses and still finish the gambling session in profit. Through this strategy all you need is one winning to recover from all your losses and still make some profit. If you lost 5 times in a row, maybe the 6th will allow you to recover yourself.

That is the idea, although you can't rely on this plan on practice aiming long term favourable results. At least, that is what I was used to do, as I considered I didn't have greater alternatives besides that, anyway.

[Findingnemo]

A wise man once told me "When everything is going against you in your life don't hesitate to take a break", and I guess that could be applied here too because you don't have any control over the game you bet and all you can do is to analysis and predict based on the stats or odds or any method that usually works for you. If losing continuously bothers too much, I would pause and make myself not pressured by the incidents in any way.

[EarnOnVictor]

-snip-
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.

You should know the risk you are signing for my friend before you click the submit button. Mind you, the higher the odds, the higher the possibility that you are making a tough choice. This is why I like to limit my sports betting odds to within 2+. It could be anywhere between 2.0 and 2.9. I can't remember going higher than that to tell you how careful I am.

Besides, it would have been nicer if you added the odds to those tickets for us to know.

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.

Contrary to your claim, though the result is unfortunate, I do not see many lessons to learn here because you were somewhat careful and did not risk aggressively. First, your betting is independent of each other which means you did well, and secondly, I do not think your risk is higher than necessary since you did not add the wagering amount. Nevertheless, the tone used is not a risky one, this is good as far as I am concerned. The fact that you lost them shouldn't make you blame your approach.

I also do not see you deviating from your plan, did you? Unless I can't extract it from what you wrote here.

Have you had this experience before, and how were you able to manage/handle it?

[/pre]

I bet independently like you but I have never experienced a thing like this. At worst, maybe 2/5 of the games which is even rare.