I think it’s a common feeling that every gambler has experienced at one time or the other. It doesn’t get better with time, no matter how experienced you’re in gambling you will always feel a loss of confidence after a consecutive streak of losses and that drop on confidence often gives way to fear. It takes discipline to combat the fear that comes after a losing streak. My strategy is to stop gambling when losses are becoming too much and my confidence is weakening.
And the reason for this is the same in almost every case, and that is human being. It is a natural human tendency for our minds to harbor a latent fear in the corner of our minds, despite our confidence in these matters.
For this reason, if you notice that many times in sports betting, even though the opponent team is strong, we have a fear inside us if the weaker team wins. And it is normal to have this, but I think it is necessary to have it, because of overconfidence, the gambler may put an amount on the fund bet that he cannot afford to lose.