Author Topic: 12 Ways to Reduce Anxiety and Stress over Losing Bets  (Read 5804 times)

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The stuff below is based on some Q&A services and social media we have researched.

1. Always bet within your means and make sure you can afford to lose.
If the fun stops – stop (when was the last time you thought of betting as fun?).

2. Consider betting in-play rather than pre-match, so you don’t get that pre-match tension and can take a considered view on the prices available based on facts (yellow cards, goals) rather than best guesses.

3. Lower your stake money. If your usual bet size right now is £5, start placing £1 on 5 different events. You will diversify your risk and your anxiousness will go away.

4. Expect a loser. A winner is a nice surprise.

5. Schedule your activities around the bet. For example, if I bet on the weekend, my workout is scheduled around the time when the most bets are. Or I go grocery shopping. This technique heavily improved my nervousness and now I don’t have to use it anymore.

6. Try to see your gambling sessions as a whole (sometimes you win, some lose, but the net amount is that counts). When you win, try to keep a part of the money so when you lose, you won't be financially stressed.

7. Take your betting money from other non-essential activities or entertainment. A bettor's experience: I put my video games money into sports betting. I didn't buy any video games last year, because honestly, I don't play them much anymore.

8. Stop being a fan. The most successful bettors tend to be the ones that have no inclination to try and "pick the winners," nor have any interest in the actual event (ironically).

9. Specialisation is key. On specialising in a certain type of racing: don’t overload yourself, find a race type you are good at or enjoy and learn everything you can about it.

10. Record ALL your bets and every possible detail you can about them, whether the horse was a favourite, the odds, the race type, the trainer, the jockey etc. etc. This allows you to plug the leaks in your betting and develop a much better strategy.

11. Practise detachment. If your reaction to a losing bet is to blame the jockey, the trainer, the tipster first rather than just shake off a losing bet and move on, then you need to practice detachment. Lift some weights or go for a run to take your mind off things, as you will make poor decisions if you base your betting on emotions.

12. Reduce importance of what is happening. Think of some chores (make them up if necessary) that you will have to do in case you win your bet, e.g. clean your car or call your mother-in-law to ask her to visit. This will create the illusion that you are not that keen on winning, sometimes it can make a great difference!
Always try your triggers in Test Mode before switching to real money!

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Re: 12 Ways to Reduce Anxiety and Stress over Losing Bets
« Reply #1 on: 29 Jan 2017, 12:07 »
Very nice list OXA.


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Re: 12 Ways to Reduce Anxiety and Stress over Losing Bets
« Reply #2 on: 29 Jan 2017, 21:51 »
Thanks for producing that Oxa.

In regards to section 10. Record ALL your bets and every possible detail you can about them, if you were able to allow us to add a few user variables into the statements, then we could automate the recording of much more information about our bets, eg number of runners in a race, name of the favourite, or any other info that is available in the api and is relevant to each persons strategy.

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Re: 12 Ways to Reduce Anxiety and Stress over Losing Bets
« Reply #3 on: 30 Jan 2017, 06:33 »
Armarni, do you mean extra columns in the statement apart from P/L, balance etc.?
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Re: 12 Ways to Reduce Anxiety and Stress over Losing Bets
« Reply #4 on: 30 Jan 2017, 10:04 »
Hi Oxa

Yes, that's exactly it.  If there were 2 or 3 extra columns in the statement that a user could use to store their own variables for each race, then the ability of the statement to store useful information for betting analysis would increase massively.

Eg, I might find it useful to know how many runners there were in each race, so I could store runner_number for each race.  Somebody else might want to know when the last goal was scored in a football match so see if late goals are scuppering their strategy, so they might want to record last_goal_time.  Somebody else might have a horse racing strategy in place markets.  These markets don't record what type of race they are in the market name, so they might want to record winplace_market_name so they can then be able to analyse if hurdle or flat races work better.

These are just a few examples off the top of my head.  All I know is there's a wealth of information available in the api, and if we could record which bits were useful to us, then it would be a brilliant addition to the statement files.

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Re: 12 Ways to Reduce Anxiety and Stress over Losing Bets
« Reply #5 on: 30 Jan 2017, 12:25 »
I see. I have passed this information to my colleague who is responsible for the statement implementation.
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Re: 12 Ways to Reduce Anxiety and Stress over Losing Bets
« Reply #6 on: 30 Jan 2017, 13:21 »
Thanks Oxa

I've been trying to get this implemented for a while...below is a link to my suggestion for this back in April last year.

https://community.welldonesoft.com/marketfeeder-suggestions/ability-to-add-our-own-variables-into-each-days-statement/msg51221/#msg51221

and again from August 2016 where I mentioned it in another topic, and Tim commented below that it was a good idea.

https://community.welldonesoft.com/marketfeeder-suggestions/test-statement-improvement/msg54425/#msg54425

 

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