it's the casino syndrome when you play with *****and you don't actually have real money in your hand.This is indeed the best advice I recieved when starting on betfair. If they just become numbers on a screen take no less than a month off or leave.
If it pains you to withdraw and only want to keep winnings to bet with then you definately have a problem. I find that if you withdraw on a regular basis and enjoy things with your winnings, it feels good.
If it pains you to withdraw and only want to keep winnings to bet with then you definately have a problem.I find that if you withdraw on a regular basis and enjoy things with your winnings, it feels good.
I also find that if you dont withdraw, you get sloppy with selections with the thought... if it doesnt win, its only winnings lost. Stop Stop Stop... Discipline Is Key I keep telling myself.
I also find that if you dont withdraw, you get sloppy with selections with the thought... if it doesnt win, its only winnings lost. Stop Stop Stop... Discipline Is Key I keep telling myself.
i wouldnt agree with jason either. If you dont feel anything after a loss then you dont hate losing enough and will come to accept it. The big winners on here will be ultra competitive people by nature who simply hate to lose whatever the amount of money at stake.
i wouldnt agree with jason either. If you dont feel anything after a loss then you dont hate losing enough and will come to accept it. The big winners on here will be ultra competitive people by nature who simply hate to lose whatever the amount of m
Losses occur, its good to feel something after one.... but then its best to take a few days off to reflect, gather thoughts, prepare, then strike.. voila - comeback!
Losses occur, its good to feel something after one.... but then its best to take a few days off to reflect, gather thoughts, prepare, then strike.. voila - comeback!
"If it pains you to withdraw and only want to keep winnings to bet with then you definately have a problem."
I disagree. I take encouragement from seeing an increasing bank - motivates me more and helps me realise I'm doing something right. Seeing a reduced bank makes me question my skills ("I've done all this hard work for what").
"If it pains you to withdraw and only want to keep winnings to bet with then you definately have a problem."I disagree. I take encouragement from seeing an increasing bank - motivates me more and helps me realise I'm doing something right. Seeing a
yes betfairy you have to enjoy your hard work though. sometimes this means put it in your bank account so you realise it's REAL money. Take the missus for a meal or something etc etc..
yes betfairy you have to enjoy your hard work though. sometimes this means put it in your bank account so you realise it's REAL money. Take the missus for a meal or something etc etc..
Betfairy, I agree with you about the motivation of seeing an increasing bank. My point was that if youre just betting without withdrawing anything, then there is no point to it at all. Its best to combine withdrawals with a growth strategy. Say withdraw a set percentage of winnings a day. Like 40%, keeping the 60% for growth.
Betfairy, I agree with you about the motivation of seeing an increasing bank. My point was that if youre just betting without withdrawing anything, then there is no point to it at all.Its best to combine withdrawals with a growth strategy.Say withdra
The biggest mistake being made on here is in isolating losses or wins on a case by case basis. Any successful gambler is going to have many losses interspersed amongst his many wins. The point is that on a long term basis he/she will come out ahead on a net basis. Therefore as long as the gambler is always making what he/she feels are correct/rational/good value wagers, then the accompanying emotions should be neutral overall or at least minimally uplifting or depressing. As soon as he/she starts " living " each wager then the writing is on the wall. Nerves will then eventually completely take over, courage will fail, panic will set in, and the game, at least professionally, will be over for ever.
The biggest mistake being made on here is in isolating losses or wins on a case by case basis.Any successful gambler is going to have many losses interspersed amongst his many wins.The point is that on a long term basis he/she will come out ahead on
ah but surely you feel good if you win over a period of time.
your strategy is based on making a profit over months so naturally you'll feel good about your profits in 6 months. however if you feel nothing in 6 months then it's the same as feeling nothing after 1 win ???
ah but surely you feel good if you win over a period of time.your strategy is based on making a profit over months so naturally you'll feel good about your profits in 6 months. however if you feel nothing in 6 months then it's the same as feeling not
If you feel nothing at all ever, then you are surely not even human or are so rich that the money is irrelevant. In either case, not the normal scenario most of us are operating in.
If you feel nothing at all ever, then you are surely not even human or are so rich that the money is irrelevant.In either case, not the normal scenario most of us are operating in.
I get days more and more where I just don't fancy it & normally due to this mindset do lose and do feel angry & p****d off with myself for turning the computer on. With a day/2 day break I come back on here with a new zest and an enjoyment & appreciation of all winners.
I get days more and more where I just don't fancy it & normally due to this mindset do lose and do feel angry & p****d off with myself for turning the computer on. With a day/2 day break I come back on here with a new zest and an enjoyment & apprecia
thats what i meant by not feeling anything after a loss.losses along the way have to be accepted as part of a long term winning strategy.
if you cant take it on the chin after a loss and not let it affect your staking plans for the next bet then you are in trouble.
exactly slayerofthekins.thats what i meant by not feeling anything after a loss.losses along the way have to be accepted as part of a long term winning strategy.if you cant take it on the chin after a loss and not let it affect your staking plans for
If I have backed a horse at a fairly decent price and it just fails then I dont feel to bad almost happy. The selection I have chosen shouldnt really win thats why the price is big and I have had a run for my money, in a way I have beat the bookie. If I have put a big bet on a horse at a short price and it doesnt win I feel absolutely gutted! Really**ed off. Every time this happens I tell myself no more backing the short odds horses!
If I have backed a horse at a fairly decent price and it just fails then I dont feel to bad almost happy. The selection I have chosen shouldnt really win thats why the price is big and I have had a run for my money, in a way I have beat the bookie
Gambling will clean you out in the long run. If you slip into the fool's paradise of "ignoring" your losses or becoming desensitised to them because you believe that you have loads of winnings on the way then you may as well start flushing 50 notes down the toilet as fast as you can.
One way ticket to the poor house.
Oh dear, oh dear, oh dear.Gambling will clean you out in the long run. If you slip into the fool's paradise of "ignoring" your losses or becoming desensitised to them because you believe that you have loads of winnings on the way then you may as well
YOULITTLEBOTTY & jasonk178 have pretty much summed it up.
Controlling you emotions is just as important as studying form.
YOULITTLEBOTTY makes a very good point about "living each bet". Each bet should just be seen as part of the overall plan.
Regards Trademate
YOULITTLEBOTTY & jasonk178 have pretty much summed it up. Controlling you emotions is just as important as studying form.YOULITTLEBOTTY makes a very good point about "living each bet". Each bet should just be seen as part of the overall plan.Regards
Footsoldiers, you are quoting an economist, not a psychoanalyst. Basically he is saying 'people aren't rational'.
Big Tuna is 100% on the button. You shd only care about the generator.
Of course this does not preclude emotion, esp. feeling terrible if you have landed yourself with a negative generator. I saddled m/s w/ a lay of Excellent Art (lowest bf price 2.96?) for a large sum of money for me at average 4.3. Through much better play on the DOR market and some calculated risk-taking, I broke even but knowing the expectation I had taken post-race I wd have felt the same about my bets whatever the result.
Footsoldiers, you are quoting an economist, not a psychoanalyst. Basically he is saying 'people aren't rational'.Big Tuna is 100% on the button. You shd only care about the generator. Of course this does not preclude emotion, esp. feeling terrible if
For many people the amount being bet is just a number on screen and there is no relationship between that figure and actual cash. I know early on I had some losses that were WAY above what I'd experienced prioir to betting on-line. And this was mainly on bets I would NEVER have done had I been handing cash over a till at the local bookies. Since then I've certainly become less detached from a bet and do think of it in terms of actual money not a figure on screen which has helped avoid some of the crashing losses of years gone by.
Interesting thread.For many people the amount being bet is just a number on screen and there is no relationship between that figure and actual cash. I know early on I had some losses that were WAY above what I'd experienced prioir to betting on-line
I once felt absolutely elated after losing about 300 quid on a bet...
...Because I had just traded out of position, where it looked like I was about to lose 1200, and I had little chance of getting out of it. I suppose you possibly could see that as being more of a 'win' elation, but it was still a loss overall.
In general, I don't think it's possible to become totally immune to emotion, or even a good thing to attempt, but it's a balancing act.
I once felt absolutely elated after losing about 300 quid on a bet......Because I had just traded out of position, where it looked like I was about to lose 1200, and I had little chance of getting out of it. I suppose you possibly could see that as b
i reded up the spurs game the other night when it went 4-3 cutting my loss on the draw and spurs from 2.5k to a monkey i felt little emotion when doing this to me it was just a matter of thinking about my long term success on here by protecting a reasonable chunk of my bank and admiting to myself that i had got this one wrong as i could see it going tit s up.at full time i must admit i did feel slightly pleased with myself for making this decision and despite losing on the night it was not to big a deal for me because of my decision to bail out i wonder what percentage of people on here would have just let it ride and hoped for the best.i feel being able to not chase when things go wrong and take a loss all round may be the thing that makes me a consistant winner over the longer term what do ya think fs.
i reded up the spurs game the other night when it went 4-3 cutting my loss on the draw and spurs from 2.5k to a monkey i felt little emotion when doing this to me it was just a matter of thinking about my long term success on here by protecting a rea
scarecrow... read up on any of the old threads by Schalke. So many times he was in deep but could have got himself out with a smaller loss all round by trading out but he let it ride. If he'd took a smaller loss so many of his "challenges" would still be going strong rather than gone broke. Well they probably wouldn't having seen some of those bets but you know what I mean :-)
Admittedly it's not easy to have an all red screen! And it's a difficult frame of mind to get into at times.
scarecrow... read up on any of the old threads by Schalke. So many times he was in deep but could have got himself out with a smaller loss all round by trading out but he let it ride. If he'd took a smaller loss so many of his "challenges" would st
alright scarecrow and bradders.Hope you are both well
yeah i agree in the main red booking is fine and it is interesting how formites feel after a loss wether it be in a long term strategy or a bet by bet one. The important thing for me is that when you take a loss or you red book to minimise the loss you actually feel some kind of emotion. Wether it be contentment knowing you have done the right thing or relief that the loss is smaller.
To me there is a massive difference of feeling emotions before making a bet or trade or using emotion to back up your pick. This is totally different to feeling emotions if you win or lose. Many on the thread have focused on the easier of the two and that@s when you lose. When you lose there are loads of emotions you could have, you could feel stupid or like a mug, sad, fearful,angry,stressed,annoyed,frustrated etc etc. There is loads to choose from and red booking to me is more of I've done the right thing long term here kind of feeling no matter how it ends up.
However what i'm trying to highlight here is the emotions after a win and you'll see there is not many to choose from and in part most emotions after a win would be good feelings. In truth not many people will feel sad or any of the above after a win.
But what happens if you feel nothing after a win ????????????? This is becomming common place on here especially amoung the full timers. One of the main reasons explained for this on this thread is because formites are dis engaging themselves from emotion and their strategys are long term and as long as they know what they are doing is right, things will work out for them long term.
So again I have to pose the question if you make say 30k after 12 months and you have not lived bet by bet but you still don't feel anything after winning 30k over 12 months there is something wrong ????????
To me not feeling anything winning over 12 months is the same as not feeling happy after one bet and that's just my view nothing else.
When I first started if anybody had said give it time you won't feel anything when you win I would have called them crazy for sure, and I did. However this has happened to me more than once and is a great pointer of when I need a break. It's the best advice I have ever had and I mean that.
It's also interesting that over the last 3 years when formites have lost all thier money and have decided to share that experience with us all by starting a thread on the matter. It's amazing how many times in the last 3 years the posters of those threads have described that feeling.
over 80% of all these threads posted the formite has said in his fairwell that he started to feel nothing after a win. None of them addressed the problem until it was too late thus they went to the wall. In no way am I saying this was the sole reason but it was there in nearly every thread.
Eveybody is different ( thank god) but having a break when you don't feel anything after a win has served me well and by starting this thread I thought I would pass this little nugget on.
alright scarecrow and bradders.Hope you are both wellyeah i agree in the main red booking is fine and it is interesting how formites feel after a loss wether it be in a long term strategy or a bet by bet one. The important thing for me is that when y
In addition every job most ordinary people have had in their life becomes jaded.
You are in that environment 40 hrs a week. week in week out it's only nartural that the job becomes a bore and uninspiring.
So in my view it could be worse as a full timer on betfair. Most full timers actually work more than 40 hrs a week and the fact that they work from home they can't get away from it. It's not as if you can clock out and leave the mess to somebody else.
Yes fulltimers build up routines to try and avoid this but it dosen't mean they are not free from it and a betfarian has as much chance of becomming jaded as a guy has who works on an assembly line.
In addition every job most ordinary people have had in their life becomes jaded.You are in that environment 40 hrs a week. week in week out it's only nartural that the job becomes a bore and uninspiring.So in my view it could be worse as a full timer
The more one pontificates, the more time waisted that could of been used for enjoyment imho.
"The whole point of life is TO LIVE!" From the Sayings of Dr Slicer available at all not very good bookshops nowhere in the country.
The more one pontificates, the more time waisted that could of been used for enjoyment imho."The whole point of life is TO LIVE!" From the Sayings of Dr Slicer available at all not very good bookshops nowhere in the country.
askari (who I suspect may have read Taleb's books) is correct here imo. You should be rating yourself on how accurately and consistently you execute, not on the results. This means that you may find yourself admiring your performance when you lose and admonishing yourself when you win.
askari (who I suspect may have read Taleb's books) is correct here imo. You should be rating yourself on how accurately and consistently you execute, not on the results. This means that you may find yourself admiring your performance when you lose an
The questions 'do you feel strong emotions betting (winning or losing)?' and 'do you feel different after a win to after a loss'? are properly separate.
The answer to the second one is, it shouldn't matter to you whether you win or lose, so long as you execute a long-term winning strategy on the bet. You should try to suppress positive emotions (at your good luck) and negative emotions (at your bad luck) provided you are doing this.
There is no right answer as to what you shd feel for the first q. Some will feel quietly satisfied at winning, some will feel pumped, some will feel nothing. People who are disgusted w/ themselves at systematically losing are more likely to come back w/ winning strategies. I don't buy the idea that numb or desensitised winners are about to lose because they don't care anymore.
DStyle, yes I was (unconsciously) quoting Taleb. The questions 'do you feel strong emotions betting (winning or losing)?' and 'do you feel different after a win to after a loss'? are properly separate.The answer to the second one is, it shouldn't mat
I get a good feeling when that bet is made which turns both numbers green. Then the market turns in-play and I can move to the next.
Also happy when a market is empty but bookmakers have their prices up. So often these value bets get matched. Then green up when the money comes in and market corrects.
I get a good feeling when that bet is made which turns both numbers green. Then the market turns in-play and I can move to the next.Also happy when a market is empty but bookmakers have their prices up. So often these value bets get matched. Then gre
lagonda, I lost my whole bank on a spread betting account playing stock options. I've never been back. I thought because I could make good long-tem investments I could lever up these gains on derivatives. Now I don't know whether I invest well in individual shares and am pretty sure I won't win at spread betting.
I've never lost a bank on horses and win there.
It's clear what market I shd be playing in.
lagonda, I lost my whole bank on a spread betting account playing stock options. I've never been back. I thought because I could make good long-tem investments I could lever up these gains on derivatives. Now I don't know whether I invest well in ind
great point you made about greater satisfaction in turning small bank in to biger bank.but overall you might have a few grand but turning 100 into 1k givn you more delight.
to me, therein lies what all this is about to many people,myself included.people want to be right,to make judgements and be proved correct cos humans want to be right. We learn from young age whats good and whats bad and being right is good,wrong is bad.
by means of predicting events we are daily challenging ourselves to be right.the money is merely the mechanism we use to be given the chance to test our judgement
re: kohaku 02 oct 14. great point you made about greater satisfaction in turning small bank in to biger bank.but overall you might have a few grand but turning 100 into 1k givn you more delight.to me, therein lies what all this is about to many peo
but it's locked, maybe Robert asked bf operators to dont let ppl know that u can lose money here. That thread was the last try, he maybe was desperate to steal some other money from users here :D
wanted to bring back famous threadbetfair for dummies.... system 1but it's locked, maybe Robert asked bf operators to dont let ppl know that u can lose money here.That thread was the last try, he maybe was desperate to steal some other money from use
The most successful gamblers I've ever known feel absolutely nothing when they win, and nothing when they lose. They are simply curious as to a result. It's not the race result that ever matters, it is the odds achieved to reflect a long term goal.
The most successful gamblers I've ever known feel absolutely nothing when they win, and nothing when they lose.They are simply curious as to a result.It's not the race result that ever matters, it is the odds achieved to reflect a long term goal.
There is no room for sentiment.. Emotions have no place in the bottom line.........Winning on the Day.
Footsoldiers 02 Oct 13:32 if you don't feel anything after a win.. There is no room for sentiment.. Emotions have no place in the bottom line.........Winning on the Day.
I recall an episode of the twilight zone where a gangster dies and finds himself in a classy hotel room with a butler. He gets dressed and the butler takes him to a casino where he doesn't have a losing bet. At first he thinks it's great, the whole casino's crowded round him cheering him on and slapping his back. When he realises he can't bet a loser he turns to the butler and says "this heaven's a ** place" to which the butler replied "whatever made you think you were in heaven sir".
You traders must be sub-human. Ferengi s c u m IMO.
I recall an episode of the twilight zone where a gangster dies and finds himself in a classy hotel room with a butler. He gets dressed and the butler takes him to a casino where he doesn't have a losing bet. At first he thinks it's great, the whole c
kohaku 02 Oct 07 13:18 Joined: 15 Jun 01 | Topic/replies: 1,981 | Blogger: kohaku's blog I think most Punters,just play the game.winning /losing digits,It just allows the game to continue if you win. The money means nothing to me. Ive had 3k in an envelope for over 5yrs.
A bigger buzz maybe turning a small bank into say Ik.
Great post, especially the last part.
kohaku 02 Oct 07 13:18 Joined: 15 Jun 01 | Topic/replies: 1,981 | Blogger: kohaku's blogI think most Punters,just play the game.winning /losing digits,It just allows the game to continue if you win. The money means nothing to me. Ive had 3k in an env
I used to day trade with a partner. We had 25K U.S. each in an account that gave us 100K in "pixel money".
It was absolutely strange taking positions of 50, 60 100 K for anywhere from three minutes to, maybe, 3 hours.
All pixelated.
We worked out our best and worst days after a couple of months.
We discovered that if we had stopped every day at 11:30, we would have been up around double our account, even if some days were red at that point.
But dealing with pixelated money numbed the losses which made us blind to it.
Walked out every day at 11:35 and hit the golf course.
Made enough to move to the UK :)
I used to day trade with a partner. We had 25K U.S. each in an account that gave us 100K in "pixel money".It was absolutely strange taking positions of 50, 60 100 K for anywhere from three minutes to, maybe, 3 hours.All pixelated. We worked out our
Funny reading the opening post again. Footsoldiers was a pretty decent guy to chat to on here, but with hindsight the warning signs were there. Those aren't the thoughts of someone you'd want, er, investing your money for you.
Made enough to move to the UK :)-----------I love a story with a happy ending Funny reading the opening post again. Footsoldiers was a pretty decent guy to chat to on here, but with hindsight the warning signs were there. Those aren't the thoughts of
It's one of the things I now enjoy is the wins and, either way, the event.
First, when trading, you can switch gears and it becomes more about "the math" and they do become just numbers. Infact, that's what you should do; set parameters of gains and losses and stay within that framework. I think 'high fiving' yourself becomes a bit much on trading. Because when it all goes wrong, you tend to still be on "success andrenaline" from the previous.
Backing a horse or an event, there it starts to feel like "real money". I accept the losses and enjoy the wins. And it feels like real money, win or lose.
The advancement that has me more and more enjoying betting again rather than just trading: The ability to stream from corners of the globe.
Lucky enough to have a box here in the UK that latches to someone's feed so between that and what is available on the internet, almost every event I bet on, I can catch some of it, even the last 15 minutes of a match somewhere.
And lately, more and more, if the price is there, love putting the cash down at the local shops.....weather permitting.
It's one of the things I now enjoy is the wins and, either way, the event. First, when trading, you can switch gears and it becomes more about "the math" and they do become just numbers. Infact, that's what you should do; set parameters of gains an
Oh, by the way, I found out from someone that someone is actually taking pictures of my posts on this forum with a phone and posting them on the net (no, not screen grabs, pictures).
**Please don't post any names. If you do, it could be an excuse to take down the post. No name. No reason for post to come down**
Haven't quite decided what level to put it on the creepy scale.
So if you have any product you are promoting, let me know and I will post something beside yours so you get exposure.
In the meantime, everyone smile.
Oh, by the way, I found out from someone that someone is actually taking pictures of my posts on this forum with a phone and posting them on the net (no, not screen grabs, pictures).**Please don't post any names. If you do, it could be an excuse to
Always curious to know how successful gamblers feel,although i strongly suspect that almost all pro's are autistic to some extent - some more than others .
otherwise - if it's it's not an enjoyable experience - why do it ?
What great thread this was/still is. Always curious to know how successful gamblers feel,although i strongly suspect that almost all pro's are autistic to some extent - some more than others .otherwise - if it's it's not an enjoyable experience - w
Coachbuster, earlier this year met someone that works for a large syndicate who take on mainly horses and golf.
The amount of research they put in before is really extensive. They definitely don't look at it "like pixels" and work hard towards a handful of big plays during the week, usually targeting the Saturday races.
Speaking with him, the money is secondary to when they pull it off. The wagering is what is system-like.
Coachbuster, earlier this year met someone that works for a large syndicate who take on mainly horses and golf. The amount of research they put in before is really extensive. They definitely don't look at it "like pixels" and work hard towards a ha
I have after 13 1/2 yrs. Lost Total 6k(2.75k)fat finger mistakes.
Paid about 15k in comm. Most of the decline came in last 3 or 4 yrs.
Get Pointing.the Amateurs want to win.Not about the money with them,want the glory of winning. no BF,no Laying to Lose like rules scumbags.
Ive won the last 19/20 years.Impossible on BF now. Dont waste your time,you're only kidding yourself.
I have after 13 1/2 yrs. Lost Total 6k(2.75k)fat finger mistakes.Paid about 15k in comm. Most of the decline came in last 3 or 4 yrs.Get Pointing.the Amateurs want to win.Not about the money with them,want the glory of winning. no BF,no Laying to Los