Let’s face it. Losing sucks. We expect it to happen occasionally—just often enough that we can show what a good sport we are about the whole thing.
Stocks on Friday broke out of a near weeklong losing streak to edge higher in ranged trade, supported by cements and banks on bets of consensus-beating earnings announcements down the line, dealers said. Pakistan Stock Exchange’s (PSX) KSE-100 shares index gained 0.18 percent or 84.91 points to close at 46,227.65 points. The notorious gambling grandmother, known as “losing streak” Lois Riess, has skirted rolling the dice at trial and instead has pleaded guilty, for the second time, to a cold-blooded killing, KIMT3 News reports.
But every loss affects us, and with each successive loss, we begin to seethe with anger and confusion while searching for something or someone to blame. That guy who beat us with that freakingrunner-runner gutshot straight, for example.
The streak calculator will then tell you that there is a 10.677% probability that you will embark upon a 10-bet losing streak during that particular wager series. You can easily go back and edit. Lois Reiss aka Losing Streak Lois gambling addict cautionary tale. How a Minnesota grandmother addicted to gambling ended up killing her husband, a look alike until the law caught up with her. David Reiss and Lois lived a seemingly happy life in Minnesota. That is, until that fateful March in 2018. These streaks can sometimes be enjoyable long wins, but there are times when Lady Luck doesn’t smile at you, and you have to deal with a disheartening streak of losses. Winning is good, and it may be accessible at times, but it is losing that exposes your real character and resilience.
Or the slot machine that, despite the hundreds of dollars we have sunk into it, refuses to pay off. It’s obvious the casino has that one rigged.There oughtta be a law.
Our brains are hardwired to recognize patterns. This is a good thing. Sure, it can be fun to arrive at the correct conclusion based on incomplete data (the very purpose for pattern-recognition),but it can also give us plenty of false positives, such as it often does when it comes to gambling.
If the streak goes on long enough, however, some (but not all) of us will arrive at the same simple-but-true conclusion: I lost because I bet, and I continued to lose because I continued to bet.
This is a harder conclusion to reach if you play mostly skill games such as poker. You know the odds. You know your outs. You even know the outs your opponent has for the hand you stronglysuspect he has.
Gambling Losing Streak
Sure, you know about luck, but you call it variance, and this allows you to pretend luck doesn’t exist except as a mathematical construct.
There is a difference, of course. Variance is bloodless, cold, logical. Luck is redolent of worry beads and burning joss sticks and just might be a bit mystical. Luck is emotional, swingingwildly between surprised joy and abysmal depression.
Luck, in the final analysis, is no lady—assuming for the moment that ladies are not bipolar heiresses who carry a switchblade in their boot.
Luck exists, my friend. Oh yes. Just ask that idiot who matched your all-in and filled that runner-runner gutshot straight. He won’t be blessing his “variance.”
Casino gambling entails a fair share of wins and losses. Worldwide, billions of dollars are lost on gambling that makes one truth evident – the casino almost always has an edge in most games. The house may be likely to win in the long run, but in the short term, Lady Luck has got a significant role to play in determining whether you win or lose. Professional gamblers have come up with strategies that significantly limit the casino’s edge. But even with the most concrete plan in place, stumbling upon a losing streak is almost inevitable.
Back-to-back losses are not pleasant. But the key is to learn to manage a losing streak and stay focused even in the face of adversity. So here are six ways to deal with a losing streak in casino gambling that will help you get back on track and limit losses.
Get a strict hold on your bankroll
Noticeable, consecutive losses will make you realize the importance of having a bankroll and sticking to it. Once you have determined the amount, you want to invest in gambling, set aside a percentage that you can risk in a game. Your bankroll should only have an amount that you can afford to lose. When you have lost significantly, lower the amount of money that you put at stake in a play. Sticking to a planned bankroll will prevent you from losing way more than you ever intended.
Refer to betting records to understand the problem
Seasoned gamblers will never underestimate the utility of maintaining betting records. One’s betting history says a lot and comes in handy during a losing streak. These records are a detailed manifesto of how a player approaches the games they play, the bets placed in certain situations, and other relevant details that could be useful for post-game analysis. You can always refer to your betting records to figure out if the losing streak is due to a change in your gambling approach. If you don’t find any such adjustment, then the issue could be beyond your control, and there’s nothing you can do about it.
Respond to losing streaks systematically
When you face a losing streak, the worst you can do is get swayed by emotions and act rashly. Instead, approach the problem with a logical outlook. When you meet with a significant loss, this is how you can respond – understand what defines a losing streak for you, determine if it is luck or your playing style that caused the problem, hypothesize possible solutions, consult professionals, and test the solutions.
Do not chase losses
Chasing losses is never an option and could lead to more and more failures. Most casino games are won due to sheer luck, and it’s not every day that luck will be on your side. Trying to compensate a lost bet with a new one may work once or twice. But in the long run, chasing a lost bet backfires and could push you deeper into the losing streak. Hence, you must accept losses as a part of the game and move on. Have patience and stick around until things are in your favour.
Change your game plan
Trying your luck at the same game over and over again expecting different results may not be the best option during a losing streak. You can start afresh with another casino game that might alter your luck. If you still find yourself losing but don’t want to give up, place smaller bets, and play lower denominations. Play with reduced stakes to minimize losses until you have regained confidence. So even if the streak continues, you will not lose as much money. But if the results are still disheartening, quit for the day and come back another time.
Take a breather
Longest Losing Streak In Nfl
A losing streak might tempt you to win it all back with one bet. But try to resist the urge and steer clear from all the action for a while. Losing does wreak havoc on a player’s emotional well-being, and more than often, the frustration leads to bad decisions and more failures. So take yourself off gambling and regain your focus. Have patience and reset your mind so that you can come back and tackle the game better.
Gambling Losing Streak Definition
No matter how professional a gambler you are, you cannot avoid a losing streak altogether. The ups and downs of casino gambling are inevitable. But never let a losing streak come in the way of your gambling experience. Put in enough time and effort to strategize in advance and plan a road map of your course of action in a losing streak. In the end, your calculated ability to approach losses can make all the difference.
Longest Losing Streaks
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