Great post! Everyone has losing runs, so it's important to stake appropriately.
Example: In the last month I've been tracking my inplay football bets, I've been betting at average odds of 2.38 (implied chance of 42%). My longest winning run has been 10 bets, but my longest losing run has been 8 bets. Based on my current strike rate of 56%, my expected LLR is just over 6. To be absolutely safe, I'm going to double this figure to give 12, and stake accordingly - if I were to lose 12 bets in a row, how much of my bank would I be comfortable with losing? For me, I'd say around a quarter, which is why I've chosen 2% of my total bank per bet (2x12 losses = -24%).
Obviously if I was talking about a longshot betting strategy, the same concept applies but the stake % would be much lower.
Check out this handy calculator to identify your expected longest losing run
RE: ⚠ The Darkside of Sports Betting ⚠