Steve Ward is a famous betting author. He keeps betting enthusiasts informed about several updates along with tips and tricks so that they can gain a strong foothold in this field. In one of his articles, he shared an interesting insight into bettors’ psyche and how they can control emotions when betting.
Once Nick Leeson said that bettors are on cloud 9 when they win. A winning streak makes you feel euphoric and invincible.
What Science Says?
Brain imaging and neuroscience have now proved that Nick Lesson was right. According to the studies in neuro-economics, when bettors make money, the neural activity in their brain is not different from that in others who are high on morphine or cocaine. On the other hand, the same areas of bettors’ brains process financial losses in the same way.
Therefore, dealing with wins and losses in betting is anything but easy. Moreover, the ups and downs are normal in betting and hence, make it more complicated and difficult to deal with emotions.
Long-Term Betting Success: Learn To Control Your Emotions
If you want to gain long-term success in IPL betting, it’s important to keep your emotions in control. This is never to suggest that you should suppress your joy or frustration but never allow the outcomes to overwhelm your judgment.
When you win your first bet, you feel happy. And once you extend a single win to a series of wins, you feel confident. Having confidence in yourself is extremely important when betting because it means you always do your research and are skilled at guessing correctly.
Though betting is not all about guessing, speculation plays a crucial role in the grand scheme of things. Therefore, the chance of your going wrong, whether or not it happens once in a while, cannot be refuted. A sudden loss is likely to leave you disappointed and angry. And a series of losses will force you to lose confidence in your betting skills.
Whether you can control your emotions has a lot to do with your next betting steps and discipline, which will, in turn, negatively affect your strategy.
The Lows Give You A Blow
The way a smart bettor and a square bettor handle emotions make a lot of differences between them. Amateur bettors find it difficult to stomach losses and lose confidence in their betting strategy pretty soon.
Emotions take over them and they feel overwhelmed with frustration, fear and agony. This heavily impacts their next step. At this point, channeling emotions in the right way is the key to success that will sustain in the long run.
Your losses, mistakes or setbacks are not relevant in whether you will have a long-term satisfying betting career but how you control emotions matters most for success. How you will react to stressful or adverse situations is a function of your level of resilience. In betting, resilience is a function of three important components:
- Financial resilience
- Psychological resilience
- Physical resilience
Financial Resilience: If resilience refers to your ability to stay strong through hardships, bounce back with confidence and continue playing on IPL betting apps, it’s important to have a significantly big betting bank and rock-solid betting strategy.
Financial resilience factors in the entire ‘emotion-related’ matters due to its psychological impact because bettors feel undercapitalized and so, cannot afford more losses and don’t want to take big risks.
Financial resilience depends on the following factors:
- Your personal wealth
- Your betting bank
- Your betting size
Your betting bank functions as a strong wall. When you bet, the betting size is like a rock being hurled at the wall. If it is a small wall and you throw a big rock at it, will the wall survive the assault for a long time? On the other hand, a big wall can easily endure the impact of a small rock thrown at it because it provides greater protection.
Psychological Resilience: Psychological resilience is the most important psychological characteristic for long-term success in sports betting. There are many definitions of resilience, as a trait or a process. Irrespective of its definition, resilience is an ability to maintain emotional, social and vocational integrity in stressful conditions.
The concept of psychological resilience boils down to one’s mental strength of dealing with perceived adverse situations. According to cognitive psychologists, how an individual explains events to himself/herself plays an important role in influencing their performance and level of resilience.
Physical Resilience: With physical resilience, you will have enough energy to cope with both good and bad. When you are facing a tough time in betting, it is likely to take a toll on your physical health, apart from impacting you emotionally and mentally.
If you are not fit physically, you will lack confidence and concentration. Being low in energy, you will feel irritated at the drop of hats, commit more mistakes and become frustrated or angry more easily. As a result, you will lack the urge to bounce back after a loss. Maybe, you will not love to bet on IPL at all.
Take extra care of your health. Have a balanced diet and good sleep; do some exercises and stay relaxed during downtime.