When growing up, it was common to get advice from parents, coaches, teachers, etc about learning from failures. It could have been a bad decision you made, a tough loss on the field, or a bad test grade. You rarely hear about people learning from wins. Because it is the losses that are supposed to make us better.
The same holds true in sports betting. Often times, when winning, sports bettors don’t evaluate their plays or what they should have seen before a game started. The only thing that matters is the bankroll increasing. While it is important to try to figure out if the wins are based upon sound research, timing a line movement, or other, it is equally important to realize if the win was because of a bad call in a game, a team not scoring from the 1-yard line as the game clock ran out, or any one of a number of ways that you can win (or lose) based upon a specific event in a game.
The losses, however, are where a sports bettor can grow the most. Losses help make sports gamblers better at research, bankroll management, market timing, shopping for the best line, etc. It is paramount to review both losses and wins for your own personal betterment.
Finally, how you react to losses can help or hinder you. For example, if your immediate response to a loss is to begin chasing, that is a sign of bad things to come. Placing hard earned money on a game without research will ultimately lead to the books getting more of your bankroll. As Todd Fuhrman once said, “If you trust your long term edge, don’t fall victim to short term variance”.
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