Submitted by rsteel on
Remember never never chase losses. Wait for your next game of value regardless if it is 5 minutes or 5 days away. Chasing losses will result in digging yourself a bigger hole. Good or bad, start each day 0-0 move on from the previous day.
If you went 0-10 yesterday you cannot try and make it up in one day especially if there is no value. Conversely you cannot be afraid to pull the trigger either if your handicapping has found some games with value.
If you went 10-0 yesterday do not think you are invincible and start to force plays for the sake of action thinking you simply cannot lose. You will quickly find you have given back your profits and more. This business has a way of humbling you.
If people closest to you can see a difference in your personality up or down depending on how your games are going than you are betting too much given your bankroll.
Perhaps you know someone like this. A bettor goes 0-7 in the NFL for a given Sunday afternoon. He calls his bookie Sunday evening and asks what is left on the menu for tonight. The bookie says only hockey. The bettor says that is too bad I do not know anything about hockey.