How to Stop a Losing Streak When Betting on Horse Races
Losing streaks are an unfortunate part of betting on horses. Sooner or later, if you are trying to make a living handicapping horse races, you will go on a losing streak. I think it is like catching the flu. You know you’re going to feel losing and have a rough time and that it won’t be over for a while.
Just like the flu, there is no known cure for losing streaks, but there are ways you can alleviate the symptoms. For one thing, never ever think that by betting more you will somehow overcome the jinx. If it is on you, then it is there for a while and you can’t buy your way out.
This is when some prior planning comes in handy, so if you have no alternative plan, better start devising one now, because sooner or later, it will be your turn. When I say an alternative plan, I mean having an idea of how you will survive a losing streak when betting on horses for money.
There are several ways to deal with a streak but before we discuss them, let’s talk about how you can recognize one. First of all, you shouldn’t go on tilt just because you lose a few bets. On the other hand, you should have an idea of your strike rate and if you are way far off it for more than a day, then you are probably on a losing streak.
If you arrive at the conclusion that luck has turned against you, don’t get emotional about it or take it personally. It happens to everyone, just like the common cold. The important thing is what you do about it. I recommend having an alternative activity, a hobby or getaway, that you can lose yourself in for a few days and completely, or as nearly completely as possible, forget that the track and racing exist.
This will serve two purposes, first, it will give you a chance to rest and refresh yourself, physically and intellectually. Secondly, it will save you money. The worse thing you can do is to keep betting during a losing streak. It is demoralizing and also expensive. It is better to spend the money on an unrelated activity and consider it an investment in your health, rather than wasting it on losing bets.
The most consistent horse racing systems have to have the basics and a handicapper must understand the basics. I have been around horse racing for 50 years including as an owner. Without the basics the rest is not going to do any good. If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/truecb.html and get the truth.