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It is how you deal with the ups and the downs that will ultimately determine how successful you will be as a sports bettor and in life. If you visit sports betting message boards, you probably have read more than one sympathy seeking post about the losing streak from hell and how it's time for the poster to take a break from gambling. Usually there is some mention of an endless string of bad beats often due to one team or player. Of course, every handicapper whether they are a professional or purely recreational sports bettor will eventually have to deal with a little bad luck.

It is important to realize that as a sports handicapper your main goal is to make a profitable investment every time you place a wager. Looking at handicapping from this perspective it is easy to see that sports bettors are not much different than someone who trades stocks to improve their financial situation. With this frame of mind, it is much easier to visualize what you need to do to reach your goals and the obstacles that you will encounter.

Inherently most people never plan for failure only anticipating success. Probably because we are taught during our youth that anybody can succeed if they work hard. While I agree with this I think being successful also means having a backup plan before attempting your endeavor. Most people will increase their chance of succeeding if they are mentally prepared for multiple outcomes.

Even the well thought out plans are often thrown aside by gamblers who are not prepared to deal with winning and losing streaks. Overconfidence during a winning streak often leads to betting more than is appropriate. Losing streaks may convince a bettor to give up and disregard months of planning and work.

You must learn to endure losing streaks that test every sports bettor's character and discipline. Having faith in a system that took a year to develop is not that easy during consecutive losing days. This is when it is important to remind yourself that betting on sports is a long-term investment and fluctuations come with territory. Before you place a bet know that the hard work you completed months before the start of the season will compensate you over the long run. If you did your homework than you should be able to persuade yourself that you indeed have a winning formula and your current losing streak is a normal variance.

Remember betting on sports is a grind and sometimes it is necessary to take a break. It's not easy spending hours at a time in front of your computer gathering statistics and handicapping dozens of games night after night. Even if it is just for a few days take some time to recuperate. Exercise to reduce stress and avoid watching games that you have wagered.

At the other end of the spectrum are winning streaks. There is no better feeling than consistently winning. Don't let yourself get to high, keep an even keel. Now is not the time to overestimate your edge and start betting like a madman.

Winning will give you extra energy and motivation. Take advantage of this good fortune, continue to educate yourself and improve your handicapping techniques. Now might be a good time to diversify your sports betting portfolio and start the process of handicapping another sport. Remind yourself that this unbroken series of wins will not last forever and although losing may not be right around the corner it will be easier to deal with a little adversity if you are prepared for it.

Viewing a log of your past bets will usually show a series of days when you sometimes won a little and other times lost a little. There will be winning and losing streaks some more severe than others.

Nobody can account for every possible situation that will arise during their sports betting career. Experience goes a long way in avoiding the hazards that trap novice gamblers. Give yourself a head start by preparing yourself psychologically. Use suitable planning and competent execution as a foundation to insure your success. Stay positive, take responsibility for the results and remember profitable sports betting begins with a winning state of mind.

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