Jimin Jibao

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Losing streaks. Never chase. Go back to basics.

I talk a lot about the problems that come with winning, but I know losing streaks too. The worst thing you can do in a streak is chase. What I do instead: cut the stakes a lot, keep the same analysis, and let the confidence come back. JJ Podcast, episode 15. The full transcript is under the video.

7:29. Also on YouTube ↗. The voice is a masked voice, on purpose.

In this episode

The transcript

I keep talking about winning, winning my psychological problems while winning, but guys, believe me, I know about problems when losing also, losing streaks are normal for anybody, nobody can just keep winning all the time, and I had so many of these losing streaks that I can’t even count. Just recently I had a patch when literally, literally every day, every day, I was losing one, two, three bets, good size bets, in exactly like last seconds of the game, by one basket. So, every day losing bets like this, and losing overall, and it’s very hard.

It’s very hard even for me when I don’t have financial problems, even if I lose, it doesn’t really matter in the grand scheme. So, I understand that it’s difficult, and it weighs on you very much, and for me, unfortunately, after so many years, and after securing my financial future, losing gets to me very, very hard. I hate losing, and I unfortunately become too emotionally attached to it, you know, I give it too much power over myself, and losing a bet in the morning generally just kills the whole day for me, you know.

Unfortunately, unfortunately, it’s not supposed to be like that in my situation, but unfortunately, even 20 plus years haven’t taught me how to deal with it, and I would need to talk to professionals, psychologists, about this to create some more techniques that can work with it in this situation. But it’s not that easy to find a psychologist, to talk to it, to explain all the problems you have in betting, especially in my situation. You have to have to have to have to give some details about yourself that normally I wouldn’t want to give to a person, even though when you talk to a psychologist, you have to keep your secret and not tell anybody, but I don’t know.

So, I understand the problems, even though I suffer them in a much lesser extent, but I still suffer them. And the worst thing, the worst thing, the worst thing you can do, and this is an advice, the worst thing you can do when you’re in a losing streak is start chasing.

Chasing to win, chasing to win, even increase stakes, that’s, for me, that’s a very bad strategy. What I do, I try to do when I am on a losing streak, I like to, I try to lower the stakes a lot. You know, just go to the basics, just work, work all the way from, from, from zero, so to speak, because sometimes it’s important to get into the flow. You know, like, like in basketball, we see players that normally, that normally are not that good, but in any given game, they can score like a lot of points, like, because it just, somehow, it works.

You know, it’s called on fire, so to, in betting, I feel there is also the same thing, but it’s more of a confidence, you know, your mind plays, your brain plays tricks with you, and when you have the confidence, your analysis is almost still the same, but if you don’t have the confidence, you start to doubt yourself. When you doubt yourself, that’s where you change something in your approach, and changing that normally, something that normally works, is not a good thing for me.

So, when you are losing, try to go to basics, and by basics, I mean just very, very little stakes. Try to start winning those, your confidence will grow, your mind will understand that you can win, and you will get back to your normal situation, you know, but this only works if your normal situation is more winning than losing, you know.

So, if you normally win more than you lose, you can go back to basics. Just try to slow it down, so that even if you continue losing, it will not hurt so much because the stakes are much lower. But keep the same analysis, keep the same approach, don’t change it because you are losing, if you are losing not fundamentally, but just losing because of something. I don’t know, we call it luck, but maybe it’s not luck, but I had it in my situation where like literally every day some crazy situation happened in a basketball game.

In the last minute, the guys were like scoring, falling down on three pointers from their own half, so on and so on. So, this is like, the analysis was the same, but what was happening was not normal. So, I went back to basics, lowered the stakes and just try to get back on track, try to start winning again, so my mind can be more relaxed and when it’s more relaxed, your analysis works better. So, this is my advice to you.

Never chase.

If you haven’t started betting, don’t even start. If betting is already a problem, free and confidential help: BeGambleAware.

WHERE TO GO NEXT

Episode 12: The day I almost quit betting →

Episode 11: Even the best bet can lose →

Episode 1: Winning won’t save you →

Previous: episode 13, Why I don’t bet totals, halves or quarters →

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