Casino gambling entails a fair share of wins and losses. Worldwide, billions of dollars are lost on gambling that makes one truth evident – the casino almost always has an edge in most games. The house may be likely to win in the long run, but in the short term, Lady Luck has got a significant role to play in determining whether you win or lose. Professional gamblers have come up with strategies that significantly limit the casino’s edge. But even with the most concrete plan in place, stumbling upon a losing streak is almost inevitable.

The Longest Losing Streak in College Football History. You may not have heard of this losing streak because it didn't happen in Division 1-A, but Northwestern's stat sheet looks great compared to Prairie View A&M's record. In the 1990s, the football team from this small Division I-AA school in Texas lost 80 games in a row. When you face a losing streak, the worst you can do is get swayed by emotions and act rashly. Instead, approach the problem with a logical outlook.

The odds of losing several bets in a row on even money bets are small, but the more bets you make the more likely it is that you’re going to have a long losing streak. You either lose all of your money or hit the maximum bet limits. This betting strategy always ends in a loss in the long run. 2 – Playing Keno. Nebraska held the line against expanded gambling for more than 25 years, so what changed on Tuesday. Growing public acceptance of gambling and the appeal of property tax relief are.

Back-to-back losses are not pleasant. But the key is to learn to manage a losing streak and stay focused even in the face of adversity. So here are six ways to deal with a losing streak in casino gambling that will help you get back on track and limit losses.

Get a strict hold on your bankroll

Noticeable, consecutive losses will make you realize the importance of having a bankroll and sticking to it. Once you have determined the amount, you want to invest in gambling, set aside a percentage that you can risk in a game. Your bankroll should only have an amount that you can afford to lose. When you have lost significantly, lower the amount of money that you put at stake in a play. Sticking to a planned bankroll will prevent you from losing way more than you ever intended.

Refer to betting records to understand the problem

Seasoned gamblers will never underestimate the utility of maintaining betting records. One’s betting history says a lot and comes in handy during a losing streak. These records are a detailed manifesto of how a player approaches the games they play, the bets placed in certain situations, and other relevant details that could be useful for post-game analysis. You can always refer to your betting records to figure out if the losing streak is due to a change in your gambling approach. If you don’t find any such adjustment, then the issue could be beyond your control, and there’s nothing you can do about it.

Respond to losing streaks systematically

Worst Losing Streak Gambling Against

When you face a losing streak, the worst you can do is get swayed by emotions and act rashly. Instead, approach the problem with a logical outlook. When you meet with a significant loss, this is how you can respond – understand what defines a losing streak for you, determine if it is luck or your playing style that caused the problem, hypothesize possible solutions, consult professionals, and test the solutions.

Do not chase losses

Chasing losses is never an option and could lead to more and more failures. Most casino games are won due to sheer luck, and it’s not every day that luck will be on your side. Trying to compensate a lost bet with a new one may work once or twice. But in the long run, chasing a lost bet backfires and could push you deeper into the losing streak. Hence, you must accept losses as a part of the game and move on. Have patience and stick around until things are in your favour.

Change your game plan

Trying your luck at the same game over and over again expecting different results may not be the best option during a losing streak. You can start afresh with another casino game that might alter your luck. If you still find yourself losing but don’t want to give up, place smaller bets, and play lower denominations. Play with reduced stakes to minimize losses until you have regained confidence. So even if the streak continues, you will not lose as much money. But if the results are still disheartening, quit for the day and come back another time.

Take a breather

A losing streak might tempt you to win it all back with one bet. But try to resist the urge and steer clear from all the action for a while. Losing does wreak havoc on a player’s emotional well-being, and more than often, the frustration leads to bad decisions and more failures. So take yourself off gambling and regain your focus. Have patience and reset your mind so that you can come back and tackle the game better.

No matter how professional a gambler you are, you cannot avoid a losing streak altogether. The ups and downs of casino gambling are inevitable. But never let a losing streak come in the way of your gambling experience. Put in enough time and effort to strategize in advance and plan a road map of your course of action in a losing streak. In the end, your calculated ability to approach losses can make all the difference.

Follow these ways to learn how to deal losses in casino. Register now at JeetWin. Keep playing casino games to win amazing prizes!

In a future article, I will be asking if we can trust horse racing tipsters. One of the issues I will discuss involves claims of strike rate and most pertinently, Return on Investment (ROI). Ignoring whether or not the systems sold by these tipsters are worth anything at all, it is arguably even more important to take a good, long look at strike rate.

Best Horse Racing Betting Sites

It is this win percentage that enables you to determine if long losing streaks are likely. In horse racing, unless you’re betting on short-odds favourites, your strike rate is likely to be rather low. Over the last year or so, I have provided several potential “systems” that turn a profit, but most of them have a strike rate below 30%.

The Lower the Win Rate, The Longer the Losing Streak

I came across a website called Soccer Widow which looked at the likely maximum winning and losing streaks you can expect to encounter depending on the strike rate. It provided a mind-boggling set of data that most punters would be completely unaware of. It also highlighted the foolishness of adhering to Gambler’s Fallacy.

If you’re not aware, this is the idea that an outcome is inevitable because it hasn’t happened in a specified period. I’ve often heard football bettors make a bet on a player to score a goal because he is “due” a goal. No, he isn’t!

A perfect example of Gambler’s Fallacy is a coin toss. Let’s say heads comes up three times in a row. Someone caught in the grip of the Gambler’s Fallacy might be tempted to starting ramping up their wagers to land on tails because it is “due to happen sooner.” Bad idea!

Unless the coin has been tampered with, every single outcome is independent from one another, so the chances of it landing on heads for the fourth consecutive time are exactly the same as it is to land on tails.

The research on Soccer Widow further confirms this truism. In a 50-bet spell, the maximum likely losing streak for bets with a 50% chance of winning is six! Therefore, you shouldn’t be surprised if you back six horses at Evens in a row and they all lose. The maximum winning streak is also six. Of course, you could have extraordinarily good or bad luck which pushes the winning or losing streak even further.

Once you get to a 1,000-bet sample, the maximum winning or losing streak for bets with a 50% chance of winning rises to 10! Again, it is possible for it to extend even further. If this happens with systems with a 50% hit rate, what do you think could happen when that strike rate falls to 30% or below!

Realistically, a betting system should have as many bets as possible before you declare it a valid winning tactic. For the sake of the article, let’s assume that your system needs 1,000 bets before it is something worth using. Here are the possible maximum winning and losing streaks according to win rate over any random 1,000 bet sample:

• 10%: Winning Streak = 3; Losing Streak = 66
• 20%: Winning Streak = 4; Losing Streak = 31
• 30%: Winning Streak = 6; Losing Streak = 19
• 40%: Winning Streak = 8; Losing Streak = 14

Keep in mind trainers, jockeys, and horses do not perform as uniformly as numbers on a screen. The odds provided for each race will often not be a true reflection of the horse’s chance of winning. Therefore, there could be days where your 4/1 bet’s chances of winning are only 16% rather than the implied probability of 20% as per the odds.

This is one of the many reasons why your winning or losing streak could be even longer than predicted. In other words, that system with a 30%-win rate and an ROI of 14% may have a losing streak of 25+. Please bear this in mind when setting your betting bank and staking plan.

Losing Streaks in Winning Systems

In a recent article titled Top Weights & Tight Tracks, I found that it was to possible to profit by backing top weighted horses in National Hunt handicaps on the following tracks:

• Fakenham
• Fontwell
• Hereford
• Newton Abbot
• Southwell

Here is the updated table:

The ROI has dropped by 1.21% since the article was written but the strike rate remains the same. It is a system that has been profitable on Betfair for five years in a row. As you can see, the win rate is just over 20%, and there are over 1,000 bets. As a result, we can expect the maximum winning streak to be 4 and the losing streak to stretch to 31.

As it happens, there has been one instance of a 5-bet winning streak and two occasions where 4 bets won in a row. The maximum losing streak is just 26, but there have been 26 instances of 10+ losers. If a few of these bad streaks happen close together, your bankroll will take a major hit.

During my research, I also found that backing all of George Baker’s rides in Flat races was worth looking at. Here’s the data since the beginning of 2014:

Although you would endure a slight loss so far in 2018, Baker has provided a profit in the previous four years. An ROI of 17% is very good overall but check out the strike rate. At 16.76%, you can expect a losing streak of even longer than 31 bets.

As it happens, Baker once went 35 rides without a win and has never had more than three successive winners (which he managed on two occasions). Moreover, there have been 40 occasions where Baker has been winless for 10 or more races. While you ultimately make money by holding firm, how many punters would throw in the towel after hitting loss #20 (which happened five times with Baker)?

Worst Losing Streak Gambling Winnings

By the way, Baker has retired as a jockey after a serious fall; I am only using him as an example.

Final Thoughts on Losing Streaks

Worst Losing Streak Gambling Odds

The dreaded losing streak is a fact of life for anyone who bets on sports regularly. It is especially the case in horse racing where professionals can make their living by backing the occasional long or medium-priced winner. While I will continue to do my best to provide you with worthy systems, every single one of them comes with a guaranteed losing streak (or twenty) attached.

It is entirely up to you to decide if have what it takes to ride out a bad spell, or a sequence of heart-breaking losing streaks. Those who get it right and hang tough, tend to come out of it smiling. The questions you have to ask yourself are:

Worst Losing Streak Gambling Losses

1. Are you mentally prepared to proceed?
2. Can your bankroll, and indeed your bank balance, handle a 35-bet losing streak?
3. Are you able to lower your bet sizes to stay within your bankroll management rules if you hit a losing streak and your bankroll shrinks?

If the answer any question is “no,” I would advise you to either avoid betting on horse racing completely or have a casual flutter now and then. After all, it is perfectly possible to enjoy the Sport of Kings without having anything riding on a horse other than the jockey!