Losing runs, and how to deal with them

How to keep calm and carry on winning, despite enduring the occasional cold streak

 

In my previous blogpost… May-20: The best horseracing betting systems and No.1 staking plans

I talked about how I would come back in subsequent months to go through, explain and illustrate various winning betting systems and staking plans…

And I will.

Just not this month!

Reason being, in the earlier post I included a video from At The Races which featured noted pundits/tipsters, Hugh Taylor and James Willoughby.

And they talked very sensibly, and gave a lot of sound advice, about the general subject of how to stake your bets.

So if for any reason you’ve not seen that video, do make sure you click here and visit the page to watch it.

It’ll be a  few minutes very well spent.

Now…

In the process of flicking around the net looking at videos, I also uncovered another short clip featuring Hugh Taylor which talked about “losing runs”.

And again, it was a really interesting and informative look at the subject of poor spells of betting performance. It highlighted how as backers we should view losing runs and, crucially, recognise them as being (i) inevitable but (ii) temporary.

By that Taylor was saying (and this is a guy who has losing runs that number into the 30’s and 40’s in terms of consecutive duck eggs) as a backer, you must see them as a necessary part of your betting activities. Not the death knell of a betting service, or staking system… more a blip, a setback, a frustration. Nothing more.

So rather than plough on with my research on staking systems and the quest to find the No.1 betting system, I’m going to park this until next month…

And in the meantime I’ve included the Hugh Taylor “losing run” video in question which, like the other, is well worth a watch.

Why watch this?

Because educational content this is all part of making you, as a backer, realise that you will have a fair number of losers when you bet. And you will never escape this fact.

It’s the betting equivalent the saying… “you can’t go swimming without getting wet”.

But…

If you study the data at hand, and understand how form will always revert back to the mean, then the winners will return… if you stick to the method/service.

Please make sure, if nothing else, you take this golden nugget of truth away from this post.

I’ve seen it with my own eyes, as members join a service and then bail at the first sign of a loser (or two!) when had they stuck to their guns, and remained with the programme, then that lost money would have been returned – with interest!!

Don’t let short-term decisions, cost you long-term profits.

 

OPINION: Betting by its very nature is an emotional pursuit. And many punters often bet, or choose not to invest, on the basis of their heart. When their head might be telling them something different. And the purpose of dealing with losing runs is another prime example of your need to deal with data as dispassionately and objectively as possible. This will make you a better (and more profitable) gambler in the long run.