Discovering The Truth About Gambling

Posted by sby on February 16, 2018
Business Products & Services

How to Avoid Chasing Losses When Sports Betting

Usually, when a sports bettor realizes he’s on a losing streak, he may bet more than usual to “recover” whatever money lost. This is referred to as chasing losses, which only ends up in more losses, and then the chasing begins again and the losses too, etc.This is called chasing losses, which leads to even more losses, more chasing, more losses, etc.This is what we call chasing losses, which only brings more losses and then more chasing and so on.

This phenomenon is actually more real than you’ll ever think.In fact, scientific studies have even been done on it everywhere in the world.One of the most credible inquiries on chasing losses was performed out of the
Department of Experimental Psychology at University of Oxford in the UK, in which it was found that chasing losses was linked to increased activity in parts of the brain that controlled a person’s sense of incentive-motivation and reward expectation.

In an opposite effect, quitting was related to less activity in these very areas but more activity in those that handled conflict monitoring and anxiety. In short, those who chased mainly focused on the positive result; and conversely, the negative result when they decided to stop.

Of course, as a human being, there’s no way you can totally wipe out your loss-chasing tendencies.However, there’s a way to plan for it and control it, thus lowering your chances of reacting in a negative manner.

So what sort of plan specifically will help you avoid chasing losses?Simply decide on these four ad be committed:

1. Money you can afford to lose

2. Unit size (usually 1-5{bdd80d1d08558ada68ee728ca0a51665f0e24036929a9838539c44d798f30376} of number 1)

3. Sport(s) you will bet on

4. Choosing bets (analytics, value, etc.4. Picking bets (situational, tailing trusted cappers, etc.)

As soon as those details are all set, you can focus on the following rules to help you avoid chasing inevitable losses:

1. Never increase your unit size simply because you had recent losses.

2. Don’t make unplanned bets.

3. Whether you win or lose, take a break after each bet.

4. Don’t bet drunk or when you’re dealing with any kind of stress.

5.Treat each bet separately from others.

6. Forget score alerts unless you have a live bet strategy.

Most of above rules are closely related but by reading them separately gives you different views of your emotions and your betting tendencies in general. Thus, you will also have a better understanding of each of the factors involved, as well as of their totality. Awareness is the secret, and the ability to identify these scenarios will help you avoid chasing. Betting in a state of resentment, worry or fear of bad luck is a bad bet automatically, and it doesn’t matter if it wins or not. It’s acceptable and just normal that you feel like this, but it’s important that you can identify it, build a way to manage it, and stop betting until you’re feeling better.

Getting Down To Basics with Sports

Getting Down To Basics with Sports

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