How to Deal with Losing Streaks When Gambling?

1. Silentbet
2. Tips & Tricks
3. Losing Streaks

Author Davey Hanson

Approved by Rumen Morfov

Updated:

2 October 2024

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A losing streak is an uninterrupted series of losses, meaning it is the opposite of a winning streak. Given how losing streaks impact a player’s bankroll, we will provide 10 tips on how to stop a winning streak.

Davey Honson, Betting Expert & Writer for SilentBet

I’ve had my fair share of losing streaks. Subsequently, I have learned the best way to deal with losing streaks is to never chase my losses. Sometimes, you have to know when to call it a day.

Our Top Tips to Stop a Losing Streak

Everyone knows it can be hard to deal with losing streaks. However, by using our tips and tricks database, you can learn here how to handle losing streaks the right way. Here are our top 10 tips to stop a losing streak.

Tip #1: Ignore the Outcome

Ignoring the outcome is one way to deal with losing streaks. While the outcome matters, it’s better to focus on the outcome you want versus the one you just had. You have to remember, that gambling is not different than any other aspect of life. We have a life strategy, so it is natural to have a betting strategy. If one part is working better than another, then ask yourself are you:

• Doing our due diligence
• Researching our bets appropriately
• Thinking before betting

Tip #2: Never Chase Your Losses

We can’t stress this enough, never chase your losses! Chasing your losses is one of the worst things you can do, and it is a surefire way to decimate your bankroll. While sometimes you might break losing streaks by gambling more, the likelihood of success is minimal.

Instead, the smartest option is to understand that your losses will not make you or break you. Sometimes you have to call it a day. By waiting a day, you eliminate the emotional risk of losing more. Moreover, your mind will not be clouded by your losses from a previous gambling session.

Tip #3: Don’t Let Your Emotions Get in the Way

Whenever you’re on a losing streak, it is easy for you to let your emotions get in the way. Let’s face it, you can have a meticulous betting strategy that more often than not works in your favor. However, humans are emotional beings and emotions can cloud our judgment, and often result in our doing something we will regret down the road.

The most important thing to remember when losing is to breathe. At the end of the day, breathing will calm you down. By being in the right state of mind, you will be less likely to make irrational decisions and more likely to make rational ones.

Tip #4: Accept Your Losses

The reality is, that everyone experiences losing streaks. In fact, it is just a part of gambling, an ugly one, nonetheless, it happens to us all. Yes, it’s unpleasant, but the only way to overcome your losses is to accept them.

You can then learn from your mistakes, learn new betting strategies, and hopefully, return to profitability. So, if you are on a losing streak, accept it, move on, and prepare for your next gambling session.

Tip #5: Bet Less, Not More

The best tip we can give you to help handle your losses is to bet less, not more. Many bettors have made the mistake of betting more and more often than not does not end well. Think of it like riding a bike up a hill. The task at hand may seem daunting, but bit by bit, you get there.

Therefore, reduce your bet. Yes, you win smaller amounts. But, the RTP is not determined by your bet size. Small wins add up and with every small win, they will help you to make up for your losses over time.

Tip #6: Change Your Betting Strategy

Changing your betting strategy is another tip that can help end a losing streak. By changing your betting strategy, you can explore other strategies that may benefit you in the long run. The good news is that there have never been more options to dispose of than ever before.

You can use your own, or you can use the Martingale betting strategy. Either or, adapting your betting strategy will help you to handle a losing streak. It will also open the door to new betting opportunities and hopefully, an end to your losing streak.

Tip #7: Analyse Your Game Play

If you are on a losing streak, it could be something wrong with the way you are betting. As we mentioned, you should never chase your losses, but you should analyze your gameplay. In other words, analyze your betting history. Your betting history will help you to figure out where you went wrong.

It could be as simple as adjusting how you bet, or it could be that you need to overhaul the way you bet. Did you stick to your game plan, or did you make changes? Ultimately, by analyzing your gameplay, you will gain insight into your betting habits. Likewise, you will become a more disciplined player.

Tip #8: Reduce the Amount You Play

If you are like most bettors, you often play more than you should when on a losing streak. Of course, this is never a good idea as it can increase the amount you lose, and it can extend your losing streak.

Therefore, one way to handle a losing streak to to reduce the amount you play. Think about it, the average bettor loses more often than they win. If you have too many bets in play, the odds are not in your favor. So playing less allows you more time to place strategically thought-out bets that hopefully turn the tide on your losses.

Tip #9: Avoid High Risk Bets

Everyone knows the probability of winning a high-risk bet is low. These types of bets can decimate a bankroll and will impact the amount lost when on a losing streak. Ultimately, it is a dangerous betting strategy to take. Your best bet is to never bet deep, regardless if there is a promotional incentive to do so.

Tip #10: Take a Break

A successful bettor always knows when to take a break, especially if they are on a losing streak. Studies have proven that the 15 minutes after a loss is the most vulnerable time for players. More often than not, this is the time rational and reasoning are tossed to the wayside.

Therefore, you will handle a losing streak much better if you identify when it is time to take a break. You will significantly reduce the odds of extending your losing streak. Moreover, you will be disciplined in the way you manage your bankroll.

Bottom Line: Why Handling Losing Slums Matters

Every bettor will tell you, knowledge is one of the best tools at your disposal to overcome losing streaks. It also helps to understand how to identify a faulty casino. Unfortunately, some operate less honestly than others.

One way we have learned is to verify a casino’s license, another is to make sure a casino’s win rate is within acceptable limits. Ultimately, this will help you to deal with the pitfalls associated with online betting. Likewise, it will help you to deal with a losing streak.

Davey Honson, Betting Expert & Writer for SilentBet

I have always relied on tips to help me navigate through losing streaks. By using the advice of others, it helped me to remain rational. I was also able to manage bankroll effectively while I waited for my losing streak to end.