Personal story. It was approximately 7 years ago, long before I started tipping obviously. The 2011-12 basketball season was about to begin. I had already achieved some moderate success with my betting the previous couple of years so I was pretty excited to take the next step and improve my strategy (and earnings) even further. And in a way I did but certainly not the way I had imagined at the start!
A basketball season runs typically from October to May, so there are usually 8 months of activity, at least for the competitions I was betting on. Back to 2011 then. Well, the season started unimpressively to say the least and went on like that for quite a while. In fact I recorded a loss in each of the first 6 months. Not a huge loss by any means. To put it into context if my betting bank was 100 units, let's say I was losing on average something like 3-4 units per month, so entirely manageable I would say. Actually it was not the loss itself that bothered me so much as was the manner that it was happening. I still remember December of that year. That particular month alone I lost not one, not two but 6 bets with buzzer beaters or in other words last second shots that went in! It's like conceding a goal in the last play of stoppage time in football. Those were also bets with some pretty big odds, so if only a couple of those had won, it would have made a big difference profit wise. But none of them did in the end. The other months were not as dramatic but still I could see that all the details went against me. For example one time the best player of the team I had placed a bet on, would get injured in the 1st quarter practically ruining my bet and similar unfortunate incidents happened with an alarming frequency! Not even a hint of luck. It was incredibly frustrating! It seemed to me like a curse back then! Seriously. Like all the universe had conspired against me somehow! It also tested me psychologically quite a lot. A lot of unpleasant feelings and thoughts go through your mind in periods like these. Self-doubt, disappointment, frustration, even anger.
But I kept on. Fast forward to the end of March of 2012. By then I had recorded 6 consecutive months in red and had lost around 20 units. I was pretty much resigned to the fact that the season would end up in loss eventually and there was nothing I could do. I was wrong! The last 2 months of the season were hugely profitable. I earned back all losses accumulated up to that point and even ended the season with a mediocre profit. Okay, it was not much, something around 15-20 units but to me it felt like I had won the lottery! I believe it was the turning point in my betting career. Never before had I won so much, not in terms of units of course but valuable experiences.
Betting banks, bankroll management, bookkeeping are all very important but don't EVER underestimate the psychological component involved with sports betting. Self-discipline, composure and patience are equally important and indispensable. I guarantee you won't find any successful punter that lacks these qualities. Keep in mind also that it's easier said than done. Simply telling yourself that you will stay disciplined and composed during a bad run is an entirely different thing than applying it when the inevitable losing streak comes your way. Experiencing something is completely different than simply getting ready for it. Allow me a comparison. Consider the reaction of a doctor without any previous experience during a medical emergency and then the response of another doctor who has already faced and treated similar emergencies before. I believe you get the point.
The most crucial of these qualities though? Patience! I will never get tired of repeating it. You may have everything planned meticulously. If you don't remain patient long enough you may miss to reap the benefits.
What would have happened if I had decided back then that 6 straight months with loss were enough and that my strategy was simply not working?
This blog post was written by our tipster Demetrio Giotti