Leicester City manager Nigel Pearson admitted his side's 2-2 draw at Everton "felt like a defeat" after Matt Upson scored a late own goal.
City were just minutes from moving to only two points off Premier League safety as they held a 2-1 lead at Goodison Park.
Pearson's men had to come from behind, following Steven Naismith's scuffed opener, before lifelong Everton fan David Nugent and then Esteban Cambiasso fired home to put City in front.
But Upson's late own goal, deflecting Romelu Lukaku's glanced header into his own net, saw City drop two crucial points, leaving them four points adrift.
"The dressing room is very disappointed because we think we have played well," said Pearson.
"It feels like a defeat right now, but we must take the positives. We responded well to going behind with another good display.
"We have got to turn these sorts of performances into wins. That is the bottom line. There is no other way of getting away from the predicament that we find ourselves in.
"In terms of a performance, and a positive intent, I thought it was there today. We will have to bounce back, it's as simple as that.
"It is frustrating for us because I think we have defended better than the fact that we have conceded two goals And both of them had an element of, raise your eyebrows, a scuffed shot through your legs, and a last touch off Matty.
"It is an important point for us. We could be talking about three points, but we are not. That is the reality of it.
"There is not point talking about being unlucky, we have to make our fortunes change. If we apply ourselves in the way that we have today, and at Arsenal, I think we will be fine."
Pearson made a double change just after the hour, as Nugent and Jamie Vardy replaced wingers Jeff Schlupp and Riyad Mahrez.
Just minutes after they came, the two combined for Nugent's leveler.
Pearson, who had said he will "live and die" by his decisions in midweek, was pleased to see it pay off.
"There is always an element of risk when you make changes," he said. "When we have got the ball it can be 3-4-3, the trade-off when you put strikers in those positions, is that you might not get the defensive side of the game quite the same.
"But we needed to freshen it up and they made an impact. Sometimes they work, sometimes they don't. Managers have to take the rough with the smooth."