The Truth about Losing StreaksIt is, perhaps, one of the great mysteries of the world. No, I’m not talking about Donald Trump’s hair or Miley Cyrus’ belief that she is sexy. I’m talking about losing streaks in betting.
All of us except those who sell “locks of the week” (those guys are the best handicappers in the whole wide world) have experienced them: prolonged periods of loser after loser — like speed dating at a Star Trek convention.
I would like to say that handicappers can control these series of unfortunate events, but, sadly, racetrack gamblers in particular must simply learn to minimize the pain… or risk being consumed by it.
Take, for example, my own spot plays in the latter half of November. From Nov. 16-30, I offered my best method and angle picks to those who purchased one of the report packages offered at my Web site and, all in all, it was a successful promotion.
All Selections: 67
Win Rate: 44.8%
Win Rate: 41.7%
So, in 14 days — 14 days! — I experienced two 1-for-10 skeins, despite a 41.7 percent winning average on the whole.
And you want to know something really amazing (if you don’t, please just play along)? These results practically mirrored another two-week promotion I did in September.
Win Rate: 44.6%
Win Rate: 41.1%
The outcome of my experiment was as follows:
Tails: 24,962 (49.9%)
Tails: 763 (48.9%)
Tails: 23 (51.1%)