A drawdown is an inevitable situation for those who bet regularly. Whatever your forecast passability and average odds are, whether you have an advantage over the line or not, you are guaranteed a drawdown and a black line in the forecasts. The only question is when it will happen and whether you will be ready for it.
A drawdown is not a reason to panic, but rather an opportunity to take a breath, look around if you are doing everything right, and, making sure that everything is ok in terms of strategy and approach to betting, just humbly wait.
It is like a ship on the high seas during a storm just fighting to minimize damage until it is calm. At such a moment, it makes no sense to talk about development, this is a period of survival and your task is simply to minimize losses from a series of failures. An ideal storm that hits your pocket, your statistics and psychology, only amplifying and accumulating a negative effect.
But, having experienced and successfully survived such a drawdown, you will be much more mentally stable, having developed a different mentality, a champion mindset, if you will.
That is, in fact, after a successfully experienced drawdown, you will become a much stronger and more variable player. Just in practice, the wisdom will work about the fact that for one beaten – two unbeaten give.
Crystal jaw syndrome
A drawdown is a blow to psychology, it is very difficult to come to terms with the fact that you are losing capital, losing a bet over and over again. Regardless of whether the drawdown is caused by a losing streak or a betting segment where there were more loose decisions, the important thing is that this period will definitely cause serious psychological damage to your confidence at first. Your task is to reduce the losses from this damage.
Here, first of all, we must accept that losses in rates are inevitable, these are the costs of activity, there is nowhere to escape from this. The main thing is that they should be less than the profit at a distance. During the drawdown period, you can lower the bet size if you feel the need to do so. And certainly your usual bet size should not be increased in such a situation, hoping to win back losses with a more aggressive game. Some players even apply catch-up to themselves, thus assuming to recoup faster. Remember, catch-up can be an effective tool only in skillful hands and definitely not at the time of your game instability and psychological decline.
If you failed and at the time of the drawdown only exacerbated your losses, up to the drain of the entire bankroll, then you were beaten, to put it in boxing terminology. The more frequent and deeper the consequences of drawdowns, the more vulnerable you will become to future declines in the game that are inevitable. Therefore, your task is to skillfully take a hit, maintain the previously accepted and comfortable betting rhythm, risk management and playing style.
If the bet did not lose, then you are no longer at a loss.
Don’t rush to play.
No one forces you to play all 365 days a year, know how to relax. Sports betting does not tolerate fuss and superficial attitude. Therefore, if you do not believe in your own strength after a series of “red forecasts”, then it may be better to rest altogether. You can arrange some kind of “rehab”, recovery after a short break, return to the game for a much smaller flat to make sure that you are still wealthy in bets, and after the game on the new segment is in plus or near zero, return to your usual bet size.
Conclusion
It is how you experience a drawdown that says a lot about your mental strength and shows how ready you are for betting. The drawdown gives you information about your inner will, strength and core of the player, because it is easy to show results when you are on fire, and how much more difficult to do it when losses prevail over victories.
Do not be afraid to lose, be afraid not to be able to draw conclusions from defeats – that’s what really matters. In the world of investors in the West, entrepreneurs who have survived bankruptcy or overcame significant setbacks have long been much more valuable, because after that they become much more seasoned in business than “freshmen”, who are as clean as a piece of paper and operate with only the first wave of luck, not knowing what they’re up to when things go wrong.