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

[Franctoshi]

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]

[Odohu]

Loosing streak can be very terrible for a gambler and worse when risk management is not in place. I have experienced it many times and I try never to be in such situation again. I have been a able to find a way of retaining my sanity whenever I find myself enmeshed in loosing streak. I apply the pattern of reducing my gambling amount by half whenever I lose 3 rounds in a row and when I get to the 5th loss in a raw, I take a break. It can be few weeks break or few days break but I will stay away from gambling for a while to put my psychology in check. Others might have their ways of handling this, so I hope to learn too.

[Oshosondy]

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

[/pre]

No. But I have bet a parley that I lost 4 out if 5 matches. I prefer single matches also which makes me win more than lose. I am not saying I have net profit though. I do not know how to predict countries matches the but I prefer club matches. I do not have a losing streak in a way that I will be losing continuously. What makes sport betting not that pay is the low odds. Most of the odds gone for a always lower than 2. I do not like country matches because they are hard to predict for me than club matches.

[danherbias07]

I think I've been in a position where it's worse than that.
If I remember it right, it was the last season of the NBA or maybe 2 years ago. It was all recorded in the NBA betting discussion thread where I think I am down by an 8-9 losing streak.
But I don't chase losses by adding more money to my bets. I try to win more than what I lose. If I am 3 losses then I must at least get 4 wins and I don't rush it. Just the same as the flow as how I lost it all.
Because I know for myself that is where it goes all wrong and I never want to be in that position again. We are going to lose more if we make mistakes like doubling our bets the next time because there's really no assurance on the results of the game. Might as well just bet the same amount and enjoy watching it live.

[Hispo]

I have not had such an exact experience before because I am for now more into casino games like Plinko, Dices, and Mines, instead of going for Sportbetting. Though, I have got an experience on suffering a losing streak on dices which I can share.
I was basically rolling dices using a moderate wager and multipliers which favored me slightly over the house, so even though I was aware I could lose a couple of times, I was also expecting to see dices to roll in my favor a couple of times (hopefully often enough to have some profit). After I started it turned out I got around 4-5 consecutive losses with that moderate wager and multiplier.
For a moment I felt tempted to chase that money but I contained myself and just logged out and took a rest off my computer por the rest of the day.

I felt bad for a couple of days, but I moved on. In my opinion, the key is to take a rest and not to chase any lost money.

[sompitonov]

It’s good that you manage your risks, because many players do not do this and would bet their entire deposit equally on all these matches. Of course, there would be nothing left of him; this is a clear example for many of what can happen if the bets do not win. I have moments when I bet on several games and am almost sure that I will win, because I often choose matches that I am confident in, but they lose in the end. I would also say that you cannot be sure of any bet, because everything in the game can change at any minute and the game will go according to a different scenario that we do not expect to see.

Smart players came up with the idea of ​​observing risks for deposits, this has been known for a long time, but it is difficult to always adhere to this rule, because at some point the player will want more and he may break down and bet everything on one match, I am absolutely sure that no one needs to do this , because the loss of the deposit will happen faster than I have time to finish this post. 

[Coin_trader]

5 losing streak is not that long. I encounter more than 10 long streak with +100$ bet each btu still I managed to overcome this loss by consistent on my bets and disciplined.

The trick is you should bet using amount which can last more than 20 loses so that you can still have a chance to recover your loss when shit happened. Just rest for a while until your mind was clear and start gambling like you reset yourself without thinking your past losses since the game will always will always balance the lose/profit margin with slight difference to loss.

This is same idea when you are already winning big, you should stop or slow down since losing streak will come surely on you.

[Gozie51]

there may be a rainy day for you and what would protect you are these strategies in place.

Such days are normal and they come once in a while in a gambler's life that you can't just explain why it happened. You will be amazed that big teams that are expected to win are losing. However, having said that, I will still say that qualifiers are always like that, they spring upset most times and you see big teams struggling to win convincingly. Qualifiers are different from club matches rather they are matches played between teams of native jurisdictions and you see small teams that you perceive as weaker to perform beyond your imagination because they already understand the big players in those countries.

[bitbollo]

Winning bets Isnt easy as it appears in first apporach. We know all that France Is a better team then Canada but this doesn' means they Will able to win all matches. If this happens... These events are not just quoted...

Best solution to losing streak Is easy. Take a pause. Enjoy your free time. Take a long break too if needed.
Never try to recover your loss.

[Smartvirus]

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.

It was the odds then,

Well, odds are another way to play, to determine who is favorite and a little know your team. Though, the win market 1x2 haven’t been a most favored market to me of late. I understand that this is football and in football, anything can happen, those surprises from the underdogs are always there and so, I dangle around several markets.

The goals market have been one of my favorites in recent times and it has paid off on several occasions. Single games betting is good, it reduces your risk taking to just a single game and even better still, not having to play multiple in just a day. I’ve had to do that a couple of times though but not up to 5 games. I haven’t got to lose 5 games in a row, no. I often win a couple of my subsequent games in the event of a previous loss and it often helps my recovery.

[coin-investor]

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]

A long streak of bad luck does happen we have a saying When it rains it pours I experienced that myself I had two weeks of continuous bad luck it was depressing it was like a curse was cast upon you, but I soon realized that we have no control on how the games turn out in any games, whether it's a sports betting or a casino luck based game.

This is why we take it to heart that we should gamble with money that we can afford to lose and never chase our losses because gambling is full of uncertainty and our minds should be ready to accept whatever result it presented to us.

[iv4n]

It's still only 5 consecutive losses, many of us had much longer losing streaks. They say records are made to be broken, the records for the longest losing streaks are not something to be proud of, but they are here, and the more we play, the higher the chances are for new records.

After losing too much it's good to take a break & chill out... we can give it a try later with a cool head, that is better than tilting. I believe people who play with limited bankrolls and amounts they can afford to lose are accepting loses a lot better. Nobody is freaking out, it's just a bad day (they often come) and we know it will not last forever.

[passwordnow]

That's bad beats and sure it's a losing streak that someone cannot take just as you OP. I've made more than that and others for sure have made theirs but the matter here is about how much is on stake with that losing streak of ours. But then, a lose is a lose and money is on the line and regardless of how much it would be then a consecutive losses is hard to accept and it's gonna give you uncomfortable feeling that you might go on for another try but then another loss could come.

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.

Risk management is really needed. Coming from your plans on until when you're going to gamble, how much you're going to start with your bankroll and you have to stay with plan that you have come up with. Because other unforeseen bets that you're going to add that's not part of your game plan for today or this week might get you some additional trouble. And another lesson not only for OP but also for everyone, when you are in profit, don't forget to reward yourself and take that money. Regardless of how low or high is that, a profit is a profit no matter what you're thinking at that time, you have to withdraw some for yourself or else you're just giving the casino a chance to take back what you should be yours.

[HONDACD125]

The teams you had chosen weren't bad but it's just that luck doesn't favor us sometimes, and even though sports betting is not mainly about luck but it's mostly about your knowledge about the sport and the teams involved, sometimes luck plays its role and when it does, the games that we might think are guaranteed wins for us will turn into losses and we can do nothing about it.

It was wise of you not to increase your bet after each loss because that would cost you a lot of money, and I would probably do the same thing. Or, I would stop after two or three consecutive losses to reevaluate my strategy and to do more research, maybe look more into the sides involved to choose the side that might perform better even though things might not go your way all the time, this can be helpful sometimes.

I think someone hitting a losing streak of 5 or more should take a break to calm their nerves to avoid making reckless decisions because those losses might have not cost you much but single wrong decision would cause more damage.

[Hirose UK]

Stop betting and try to rest by studying the mistakes that occurred, this is sports betting and not casino game so we have the opportunity to study every analysis and prediction that we have made previously.
I always do this kind of thing if I get more losses from several betting slips that I have, after that try to consider the use of money in the next betting session and try to minimize the amount of expenses from the bets taken.
It true that won't be able to guarantee anything, but at least can make much better predictions and manage money wisely to avoid much bigger losses, after all, losing is natural thing to happen.

By the way, I would like to remind you that never bet and make betting choices based only on the existing odds, indeed the top team definitely has low odd and some people think that the team will definitely win.
But basically odd is just number that shows who is ahead and will never guarantee that the team will win, many unexpected things happen in sports betting so must always be careful.

[davis196]

Egypt to win,
France to win Canada,
Switzerland to win Austria,
Portugal to win Croatia and
Sweden to win Serbia in their respective games,

I usually hate betting on friendly matches, because unpredictable results seem to appear more often(well, that's just my opinion, I can't back it up with statistical data).
It's not the end of the world. Just move on and forget about it. The teams on your betting list seem to have similar strength(except France vs. Canada) so it's not surprising that Croatia won against Portugal or Switzerland and Austria ended 1-1. At the end of the day, luck is still an important factor in sports betting and we shouldn't be emotionally attached to our wrong decisions.

[Yamifoud]

Honestly, it is too hard to accept if we already assume to win because at the moment we fail, we really feel bad and disappointed and would raise our temper. A 5-time losing streak is not good but we can't blame other people for this nor the casino, we are just too unlucky not to get any favor. In this case, I would rather stop and pause for a while because this already tells something bad, and the more we push through, the more we lose. Chasing winning is just like we are chasing losses, that is why it is necessary to know how to control our emotions and a need to stop.

[_act_]

Honestly, it is too hard to accept if we already assume to win because at the moment we fail, we really feel bad and disappointed and would raise our temper. A 5-time losing streak is not good but we can't blame other people for this nor the casino, we are just too unlucky not to get any favor.

Five losing streak is common in casinos. There are times I would win continuously before I will lose and there are times that I will lose continuously in casino. This is different from when you are betting on sport matches. If you read what the OP posted, you will see that he is talking about sport and not casinos.

In this case, I would rather stop and pause for a while because this already tells something bad, and the more we push through, the more we lose. Chasing winning is just like we are chasing losses, that is why it is necessary to know how to control our emotions and a need to stop.

What I noticed about my friends and including myself, if you are not betting on virtual matches and in-play, you may select a match today and wait till tomorrow or more before you will select another matches. There is always a break. We may have different experiences on this but I think you are talking more about casinos and not sport.

[junder]

Winning bets Isnt easy as it appears in first apporach. We know all that France Is a better team then Canada but this doesn' means they Will able to win all matches. If this happens... These events are not just quoted...

Best solution to losing streak Is easy. Take a pause. Enjoy your free time. Take a long break too if needed.
Never try to recover your loss.

That's true, even though there is a team that is strong, that doesn't mean they can't be beaten, or it doesn't mean they can win all the matches smoothly like you said. because anything can happen while it is taking place, what's more, betting does not completely depend on predictions and experience or even knowledge alone, but luck also plays a role in this. Even though betting like this requires knowledge and skill to do it, that doesn't mean that luck doesn't exist, luck is still there and will play its role, apart from that I think the OP himself has said the solution that must be taken when he experiences a losing streak.

In fact, it's not complicated what to do when you experience consecutive defeats, including only losing once. The solution is actually not complicated. as you said, taking a break to rest is what must be done because of course when the bet you make ends in defeat it will usually affect our thinking which triggers emotions, and of course the best choice is to stop and rest by resting our thoughts and situation to become calmer. and yes, don't ever try to recover losses that are almost impossible, miracles can happen with the bets made.

[Davidvictorson]

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

Whenever I have a losing streak I take it as a sign that I have been gambling too much and need to take a break. This break have been so very beneficial because it's kind of brings me back to reality of how much I have lost and how much I will lose if I continue to bet. It also seems as a time for rest and getting a new betting template for myself.