My current losing streak with National Hockey League (NHL) tips is the perfect time to tell you the most common mistake amateur bettors make: focusing WAY TOO MUCH on current results.
Let me tell you a true story. In the summer of 2022, my baseball tips were all the rage on YouTube. In 21 days we achieved 18 wins and 3 losses, although we had many underdogs along the way.
Then I lost two predictions in a row. The hate comments started again on YouTube.
After the third loss in a row, there were several bad comments:
– “Your decisions are crap.”
– “You are the worst sports betting expert in the world.”
– “My dog can speak better than you at MLB games.”
I've heard everything.
However, if you take a step back, you realize that we had an excellent record of 18-6 over a 24 day period! It's incredibly good!
However, many bettors only remember the recent past. You see the trees, but not the forest.
I've often told my friends and family that if I won 100 picks in a row before losing 10 in a row, I would get a lot of nasty comments. I'd bet my house on it.
The most important lesson to learn is: Try not to get too excited about winning streaks and try not to get extremely angry or depressed after losing streaks.
And if possible, don't judge other bettors based on small samples. You need to track at least 200 decisions made by a given person before you can draw any reasonable conclusions about that person's ability to make predictions.
People tend to remember their unsuccessful periods much more clearly than their winning streaks. Try not to blame yourself too much when things get complicated.
Sports betting is a marathon, not a race. If possible, keep a cool head. You can make it happen!