Spurs could have gone third on Tuesday had they won but they missed a hatful of chances to win the game and ended up 3-0 down with ten minutes remaining.
Roman Pavlyuchenko was guiltiest, missing two great opportunities with headers in the second half that were saved by Richard Kingson in the Blackpool goal when they should have been converted.
The defeat brought to an end Spurs' four-match winning run in the division, but despite Redknapp being shocked at his team profligacy in front of goal, he insisted that they must pick themselves up.
"I've never seen a team miss so many open goals in my life since I've been in football," he said.
Unbelievable
"I keep seeing them miss chances from three yards out, four yards out, six yards out and they can't score and hitting people on the line, it's unbelievable really.
"We started ok and gave away a penalty under no pressure. It's poor to give away a penalty when we did and it gives them a lift.
"Full credit to them, they've done fantastic, but then we get on top and right on half time they push forward and we go in 2-0 down.
"So then we come out second half and it is chance after chance after chance, just needed one goal and the game would have turned upside down. But they just kept missing them, it's unreal.
"We knew it would be difficult tonight. I watched them against Man United when they were 2-0 up, Man United got a goal back and it changed the whole game.
"We needed that goal tonight, at 2-1 I would have taken a draw, but with all the chances we had, I felt we could have won the game.
Sloppy
"We gave a couple of very sloppy goals away on the break, but what can you do?
"We've been on a good run and have had four straight wins, and obviously I was looking for five but it wasn't to be.
"But credit to Blackpool, they've done unbelievable. It's great for the people of Blackpool, the fans and team and everybody for what they've done.
"But we've just got to pick ourselves up now and go again."
With strikers Pavlyuchenko, Jermain Defoe and Peter Crouch all failing to find the target again in a season where they have scored just seven goals between them all year, Redknapp admitted he was struggling to find the solution.
"Unbelievable. Have a look at their goal tally, for people that normally score goals, it took a deflection in the end for us to score, so it was probably an own goal," Redknapp added.
"But that was how it was tonight, they just couldn't score, the chances were there and going begging, headers three of four yards out waiting for it to hit the back of the net, and not managing it. That's how it goes."
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