Football Betting: Managing Hot and Cold Streaks

December 1, 2010 NFL Football

Football betting streaks should rather be foreseen and considered as part of a normal NFL betting season.

Football betting enthusiasts will inevitably endure both hot and cold streaks during the course of an NFL betting season. There will be weeks when it appears as though every football betting decision that a gambler makes is correct and other weeks when it appears as though every football betting decision that a gambler makes is incorrect. The key to managing such hot and cold football betting streaks is a sound money management plan that does not allow you to significantly increase your wager amounts as a result of wins or losses.

Football betting on the NFL involves a four week preseason, a 17 week regular season, and a four week playoffs. Most NFL betting enthusiasts place numerous bets during any given week, so during the course of a football betting season a typical gambler will place over 100 wagers. With so many bets being placed, it is simply inevitable that there will be times in which a football betting enthusiast enjoys numerous consecutive wins, and other times when he must endure numerous consecutive losses. To prove this reality one simply must flip a coin 100 times and witness that long runs of both heads and tails will be observed. Therefore, football betting fans should prepare for such hot and cold streaks and not be shocked when they occur. A hot streak should not make a gambler feel as though his football betting talents are infallible, while a cold streak should not make a gamblers feel as though his football betting talents are hopeless.

Unfortunately, when football betting enthusiasts are not prepared for their hot and cold streaks they often change their wagering behavior as a result of the football betting streaks. For instance, a gambler on an NFL betting hot streak may increase his wager size believing that he will continue picking all winners, while a gambler on an NFL betting cold streak may increase his wager size believing that he needs to earn back the previously lost funds. However, both of these reactions are inadvisable. A gambler on a football betting hot streak should enjoy his good fortune and perhaps increase his wager size by a small amount, knowing that a larger bankroll can permit greater risks, but he should not increase his wager size too much because no bettor is infallible. A gambler on a football betting cold streak definitely should not increase his wager size, as chasing losses is unwise and it is better to maintain the same wager size or even decrease it so that the bankroll can be built back up slowly without enduring much risk.

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