Submitted by rsteel on
WOW we are already 5 months into our 2018 betting year. Before you know it football will be starting up again. Where does the time go?
Believe it or not more bettors go bankrupt in this business during a winning streak than a losing streak. In the movie Wall Street the slogan is “greed is good” in this business it will destroy you. Do not get me wrong we all want to win every game the sports books have plenty of money. However some people fall into bad habits or get the feeling of invincibility when on a hot streak.
Conversely when you are on a losing streak it feels like even if you had tomorrow’s newspaper ahead of time you would still pick the wrong side. This business has a way to slap you upside the head when you get to cocky and humble you.
My point is amateurs when on a hot streak double their unit, force plays because they THINK they cannot lose and will more times than not wipe out a month’s worth of profits with one or two bad days. Do not fall into this trap.
Bad streaks are inevitable. If you are a hard loser, if you cannot let go of those bad beats than this business is not for you. Give yourself a few minutes after a victory to bask in the win or commiserate a loss and then mentally get ready for the next analysis.
Adhere to proper money management and betting principles as detailed on my website and you will do more than survive.
Keep your eye on the goal CONSISTENCY and LONGEVITY!