Ways to Manage Drawdowns
Any bettor, even the most successful one, encounters significant drawdowns at some point in his career, causing him to question his own strategies. Learning how to deal with them may be the most difficult task. Professionals in sports betting Parimatch thailand try to eliminate emotion from the betting process. A wealth of experience allows them to develop a sense of indifference to both wins and losses. To acquire this emotional detachment requires a certain level of confidence in one's ability to achieve long-term results.
Even many beginners know that reckless attempts to win back after a loss are a path to failure. However, the stereotypical belief that after a winning streak, you should increase your bets is wrong. At the same time, the consequences of adherence to this viewpoint may be less disastrous if you manage your funds wisely using one of the well-known techniques (e.g., Kelly's method).
Both of the above are examples of misguided players who ignore the randomness aspect inherent in the evolutionary development of profits and losses, which also applies to players with profitable long-term expectations. There are cases where players have made quadruple profits after a series of 200 bets, but then lost almost everything after the next 100 bets.
Bettors who are accustomed to much thinking think probabilistically, recognizing that much of what happens in the betting process depends on luck, and therefore the relationship between cause and effect is very poorly expressed. They will resist the temptation to distort causality, and instead of assuming by looking at the results that they are the ones who brought them to life, such players will study their own strategy and analyze the results.
In general, calculating an individual bet has little to say about its true meaning. Not only that, professionals prefer to lose with a positive expectation rather than win with a negative one. Freed from the emotions that accompany the process of making and losing money, and focusing only on the expected value of the bet, you will more easily cope with the unpredictability of the world of sports betting.