Chasing Losses and Riding Wins

Do not increase your bets or bet on more games because you are on a winning streak & can’t lose. You can & will lose.

On the flip side, do not increase your bets or bet on more games in order to make up losses. You will lose bets. You will experience losing streaks as well as winning streaks. You must stay disciplined. By chasing losses all you do is put your bankroll at risk. If you experience a losing streak, reassess your research & handicapping efforts. If in hindsight you would still make the same bets, then relax & stay consistent. If you see gaps in your skills, then spend some time learning. Frankly, the learning experience seldom ends.

The natural temptation when you’ve a great week, is to start doubling your bet amounts & the number of games you are betting on. Don’t do it.