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Long Term DISCIPLINE

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By:
beatricegeorge
When: 04 Mar 10 15:07
End of Day 4

Todays Selection

15.50 Taunton

Pistolet Noir

Loser

Industry S/P 1.53
Betfair S/P 1.58
Price Matched 1.55



Opening Balance £1245.55
Todays Loss £100.00
Closing Balance £1145.55.
Running Profit £145.55 After Commission



Selections 4

Winners 3

Losers 1

75%

Current Sequence
1 Loser

Longest Winning Sequence
3 winners

Longest Losing sequence
1 Loser


Cheers
By:
Pinza
When: 05 Mar 10 09:30
I prefer not to back at odds on.
If there is an odds on fancy then sometimes ask for odds against price in running under "keep" bets.

I watched Massinis race - only out of interest as you selected it.
I certainly traded at 2.26 because I backed in running at that price, but may have gone higher.

If the bet doesn't get taken then you don't lose.
In most NH races you will get evens or more about an odds on chance.
By:
beatricegeorge
When: 05 Mar 10 12:00
Day 5

Todays Selection

15.10 Doncaster

Alegralil

£135 @ 1.89 Matched


again probably a little too early with the price starfish,Still trial and error.

Fingers Crossed

Pinza
If you dont get matched you dont lose but dont win either
If the horse loses you will be matche at that price.
The first selection action impact was matched @10 in running
so it can work in your favour.
I can only imagine getting matched @ 10 about an odds on
is when the fast pic boys reckon something is not right a few seconds
before the backer sees it.Whatever it is they expected doesnt transpire
and happy days for ther backer.Dont know if I could handle betting that way.

Cheers Pinza
By:
kenilworth
When: 05 Mar 10 16:12
beatricegeorge, do me a favour, stop saying ''fingers crossed''
By:
beatricegeorge
When: 05 Mar 10 21:55
End of Day 5

Todays Selection

15.10
Doncaster

Alelgrelel

Loser

Industry S/P 1.83
Betfair S/P 1.94
Price Matched 1.89



Opening Balance £1145.55
Todays Loss £135.00
Closing Balance £1010.55
Running Profit £10.55 After Commission


Selections 5

Winners 3

Losers 2

60%

Current Sequence
2 Losers

Longest Winning Sequence
3 winners

Longest Losing sequence
2 Losers
By:
beatricegeorge
When: 05 Mar 10 21:57
Day 6

Saturday

06/03/10

Selection:



14.10 Gowran Park

Better Times

£300 @ various(around 11/10) with a take SP @ the Off
Part Matched at present

Will Post Matched Bet tomorrow
By:
Real Deal
When: 05 Mar 10 22:15
Sorry B,but why the £300-00 stake.
By:
starfish and coffee
When: 06 Mar 10 07:28
(You knew this was coming..)
There was a poster on this forum this year who showed its possible to make decent profits from odds-on shots at level stakes.
He who shall not be named turned out to have as much self-respect as a bowl of jelly, but he was a master of using a well-worn cliche to reinforce the need for discipline and self-preservation.
Two of them were 'don't be afraid to take a loss' and 'dont cut off your nose to spite your face.
Really want to see this thread in April and at this rate it simply will not regardless of this one result. Betting 300% more on a horse with a 10% less chance : does that sound right? Remember the title of this thread! Please get out of the balance of your bet!
good luck with Better Times
By:
beatricegeorge
When: 06 Mar 10 13:02
Real Deal

I am posting this prior to the race, and my view was (Very wrong now) the selection would be more
likely to go off @1.80 than what it will. hence the £300 stake was to recover the £235 loss. Too busy this morning to monitor the market.

Starfish.
I am only doing what I said I would, I will be wrong sometimes and looks likely today
may be one of them.
To take a loss is as honourable if not more than to hold out for a profit and suffer a loss.
But at the moment nothing has changed on my view in the race
other than the extra bit of comfort we get
when we see money coming for our selection.

Cheers lads
By:
beatricegeorge
When: 06 Mar 10 13:54
End of Day 6

Todays Selection

14.10
Gowran Park

Better Times

Loser

Industry S/P 2.10
Betfair S/P 2.34
Price Matched 2.10




Opening Balance £1145.55
Todays Loss £300.00
Closing Balance £1010.55
Running Profit £289.45 After Commission



Selections 6

Winners 3

Losers 3

50%

Current Sequence
3Losers

Longest Winning Sequence
3 winners

Longest Losing sequence
3 Losers
By:
jamesdean
When: 06 Mar 10 14:06
unlucky today beartrice, the running profit should in the minus though
By:
beatricegeorge
When: 06 Mar 10 14:43
Thanks JD
End of Day 6


Todays Selection

14.10
Gowran Park
Better Times

Loser

Industry S/P 2.10
Betfair S/P 2.34
Price Matched 2.10

***Correction***

Opening Balance £1010.55
Todays Loss £300.00
Closing Balance £710.55.
Running LOSS £289.45 After Commission



Selections 6

Winners 3

Losers 3

50%

Current Sequence
3Losers

Longest Winning Sequence
3 winners

Longest Losing sequence
3 Losers
By:
beatricegeorge
When: 07 Mar 10 09:16
Day 7

Sunday

07/03/10

Selection:

14.50 Sedgefield

Double expresso

£100 @ 1.81


Matched



starfish and coffee 02 Mar 08:07

I dont usually contribute to these threads but I'm going to put in my t**ence worth here having now read your staking plan which is doomed to failure.
Presumably you are using a recovery method because you find it painful to accept 1 or 2 losses in a row. Yet this method asks you to then cheerfully accept 3 losses, then set about getting 7 straight wins before recovering your loss. Thats really too much to ask of anyone.

Spot on Starfish.
It is hard to accept the loss but long term discipine is whats needed.This morning I would love to have another go at recovery but would make the thread pointless assumimg there is any point to the thread already.Times like this I need to justify my betting.I have had 3 days(losers) in which to think about it.

Now as your friend (the Voices I think you mean who now wants money for his tips) says there is no shame in taking a loss.
My time is now and as I said on post one of the the thread now is when I take it.
Surely that is more honourable than to take it yesterday.IF I took it yesterday and the selection won,things like that can play havoc with ones mindset.The Thread rules are set for the month of March (if it lasts that long) following this I will analyse the results and see what comes up.If i see something better or clearer I will adapt the rules to suit,but at a pedestrian pace,no rushing to the quick buck,as it wont be there when you arrive.

Cheers starfish

Fingers Crossed Kenilworth
By:
starfish and coffee
When: 07 Mar 10 09:40
Maybe the way to treat these 3 losses is they could have been your first 3 bets, in which case at level stakes you would have 700, but you have 729.
So i hope you can just carry on finding the winners again, hope it can be level stakes and betfair SP.
It takes some backbone to do what you're doing here and accepting any comeback honestly and in good faith. Thats why you've got my support and i presume some others. (I'm gonna stay off your thread for a while now!)
By:
Zola's Back Heel
When: 07 Mar 10 13:40
Do you have answers to these questions:

How many bets to you expect to make in your lifetime?
You can't expect to win every bet can you?
So how many do you think you are going to get wrong in your lifetime?
What makes you think they won't occasionally come in clusters of losing days after losing days?

If you and (more importantly) your staking system cannot handle a decent losing run. You are doomed to fail.
By:
Real Deal
When: 07 Mar 10 14:14
Well done Beatrice,was getting slightly concerned for you.But hey your back in the winners enclosure & you beat the price as well. I'm really rooting for you,but like others,Do worry about the task you have set yourself.Your going to be some good tipster to crack this one.
But everyone loves a trier.
By:
beatricegeorge
When: 07 Mar 10 18:52
End of Day 7

Todays Selection

14.50

Sedgefield

Double Expresso

winner

Industry S/P 1.67
Betfair S/P 1.77
Price Matched 1.81



Opening Balance £710.55
Todays Profit £77.60 After Commission
Closing Balance £788.15
Running Loss £211.85 After Commission


Selections 7

Winners 4

Losers 3

57%

Current Sequence
1 Winner

Longest Winning Sequence
3 winners

Longest Losing sequence
3 Losers


Zolas back heal. open to suggestion for a good staking plan

Real Deal... Cheers mate

Starfish. always in good faith.
By:
beatricegeorge
When: 08 Mar 10 10:32
Day 8
Todays Selection
15.00

Beyond

£100 @ 2.01

2 €59.23 €59.23
Ref: 10293100290 Bet matched:21:37 07-Mar-10

2.02 €13.77 €14.05
Ref: 10293100290 Bet matched:21:37 07-Mar-10

2.02 €27.00 €27.54
Ref: 10293100290 Bet matched:21:37 07-Mar-10
By:
beatricegeorge
When: 08 Mar 10 22:12
End of Day 8

Todays Selection
17.00
Lingfield

Beyond

winner

Industry S/P 1.73
Betfair S/P 1.73
Price Matched 2.01




Opening Balance £788.15
Todays Profit £95.80 After Commission
Closing Balance £883.95
Running Loss £116.05 After Commission



Selections 8

Winners 5

Losers 3

62%

Current Sequence
2 Winners

Longest Winning Sequence
3 winners

Longest Losing sequence
3 Losers
By:
beatricegeorge
When: 09 Mar 10 07:25
Day 9

Tuesday 9/3/03


Toays Selection

16.20

Newcastle

Glenwood Knight

£100 @ 1.78 Matched
By:
beatricegeorge
When: 09 Mar 10 10:46
End of Day 9

Todays Selection

Glenwood Knight

Non Runner


Industry S/P N/a
Betfair S/P N/a
Price Matched N/a



Opening Balance £883.95
Todays Profit £0.00 After Commission
Closing Balance £883.95
Running Loss £116.05 After Commission


Selections 8

Winners 5

Losers 3

62%

Current Sequence
2 Winners

Longest Winning Sequence
3 winners

Longest Losing sequence
3 Losers
By:
beatricegeorge
When: 10 Mar 10 10:29
Day 10

10/3/10

Wednesday

Todays selection

Wolverhampton 19.30

Satwa moon

£100 @ 1.74 Matched
By:
soixanteneuf
When: 10 Mar 10 13:15
Buzzer great shout !!

it is not hard to be discplined at all, if someone loses all their dough being a txat and does not learn from it then its not a betting theory they need it is www.gamblersanonymous.co.uk ..
By:
beatricegeorge
When: 10 Mar 10 19:43
End of Day 10

Todays Selection

Satwa moon

Loser


Industry S/P 1.80
Betfair S/P 1.91
Price Matched 1.74



Opening Balance £883.95
Todays Loss £100.00 after Commission
Closing Balance £883.95
Running Loss £216.05 After Commission


Selections 9

Winners 5

Losers 4

62%

Current Sequence
1 Loser

Longest Winning Sequence
3 winners

Longest Losing sequence
3 Losers
By:
beatricegeorge
When: 10 Mar 10 21:35
Day 11

Thursday

11/03/10

No selection for today
By:
jamesdean
When: 11 Mar 10 11:10
unlucky again yesterday beartrice but your closing balance needs adjusted.

goodluck with this but could be better to cut and run with what youve got left,maybe try it with £10's instead of £100's to see if it works
By:
beatricegeorge
When: 11 Mar 10 21:10
Day 12

Friday

12/3/10

Todays Selection

17.15
Sandown

Lush life

£170 Win @
BSP
By:
beatricegeorge
When: 12 Mar 10 21:07
End of Day 12

Todays Selection

Lush Life

£170 @ 1.58

Winner


Industry S/P 1.53
Betfair S/P 1.58
Price Matched 1.58



Opening Balance £783.95
Todays Profit £94.56..After Commission
Closing Balance £878.51
Running Loss £121.49..After Commission


Selections 10

Winners 6

Losers 4

66%

Current Sequence
1 Winner

Longest Winning Sequence
3 winners

Longest Losing sequence
3 Losers
By:
beatricegeorge
When: 12 Mar 10 22:42
Day 13

Saturday


13/03/10

Todays
Selection:

Limerick 14.35

Romanesco


£100 @ 2.06 with a Take SP at the off.

Unmatched at present
By:
Lozzy
When: 12 Mar 10 23:36
DISCIPLINE is the hardest thing to do for losing punters.

Because they lose, they lose the plot with their staking trying to win it back cos they dont believe that their methods are going to win it back anyway.

Once you start becoming a winning punter in the long run, discipline is easy.
By:
beatricegeorge
When: 13 Mar 10 21:18
End of Day 13

Todays Selection

14.35 Limerick

Romanesco


£100 @ 1.65


Loser


Industry S/P 1.57
Betfair S/P 1.65
Price Matched 1.65



Opening Balance £878.51
Todays Loss £100 After Commission
Closing Balance £778.51
Running Loss £221.49 After Commission


Selections 11

Winners 6

Losers 5

54%

Current Sequence
1 Loser

Longest Winning Sequence
3 winners

Longest Losing sequence
3 Losers
By:
beatricegeorge
When: 14 Mar 10 09:42
Day 14

Sunday

14/03/10

Todays Selection:

14.35 Limerick

Glenlo Abbey

£150 @ 1.90 with a take BSP at the off


Unmatched at present
By:
beatricegeorge
When: 14 Mar 10 13:59
Day 14

Sunday

14/03/10

Todays Selection:

14.35 Limerick

Glenlo Abbey

£150 @ 1.90


Matched
By:
beatricegeorge
When: 15 Mar 10 11:04
End of Day 14

Todays Selection

14.35 Limerick

Glenlo Abbey


£150 @ 1.90


Loser


Industry S/P 1.90
Betfair S/P 1.96
Price Matched 1.90



Opening Balance £778.51
Todays Loss £150.00 After Commission
Closing Balance £628.51
Running Loss £371.49 After Commission


Selections 12

Winners 6

Losers 6

50%

Current Sequence
2 Loser

Longest Winning Sequence
3 winners

Longest Losing sequence
3 Losers
By:
beatricegeorge
When: 15 Mar 10 11:05
Day 15

Monday

15/03/10

Todays Selection:


14.40 Stratford

Bonikos

£280 @ 1.97 Matched
By:
DFCIRONMAN
When: 15 Mar 10 11:56
BG - Surely by now you see that this "way" of betting ....just does not work.

As you are systematically increasing stakes BASED ON LOSSES SUSTAINED, and not on the "value" of the bet, then the bank WILL be wiped out.

You have staked a huge chunk of your remaining bank on a -

1. BEGINNER'S CHASE.
2. A 3 runner race where the other 2 runners appear to have a chance to win, and are older horses.
3. On a horse that has only ran in a CHASE once before on going that was softish and was 2nd .......how will it react to FASTER going today over FENCES?
4. At odds that are "odds on".....just!


Is a BEGINNER'S CHASE such a strong race type to "risk" such a huge amount of bank on SYSTEMATICALLY ....without any "thought" as to "value" it appears?

The horse may well win.........but the odds are far too short to "risk" the percentage of remaining bank left IMO!

Surely you should re-think what you are doing BEFORE BANK WIPED OUT!
By:
DFCIRONMAN
When: 15 Mar 10 12:10
Even using KELLY STAKES CALCULATOR re your above selection -

BANK 628.51
ODDS AVAILABLE BF 1.85
COMMISSION 5% SAY
WIN PROBABILITY (2-1 SP) 66.67% ( all 3 appear to hold a chance to win)
STAKE 5 OF BANK = 25.39

STAKE = 159.61
==========================================

Of course if you consider the horse has a better probability to win than 66.67%, the STAKING wouldbe higher..........but is a BEGINNER'S CHASE with 3 runners ( probably not ran like a race where more runners etc ) really a better probability for your selection????


Anyway .....at least using KELLY STAKE CALCULATOR would be far better way for you to determine stake size ....as you are having to use your brain rather than staking AUTOMATICALLY based on previous losses......


Here is a link

http://www.seriousbet.co.uk/calculators/kelly_staking
By:
DFCIRONMAN
When: 15 Mar 10 14:39
GL with bet
By:
buzzer
When: 15 Mar 10 14:46
time for a review bg :(
By:
beatricegeorge
When: 15 Mar 10 21:25
End of Day 15

Todays Selection

14.40 Stratford

Bonikos

£280 @ 1.97


Loser


Industry S/P2.10
Betfair S/P2.16
Price Matched 1.97



Opening Balance £628.51
Todays Loss £280 After Commission
Closing Balance £348.51
Running Loss £651.49 After Commission


Selections 13

Winners 6

Losers 7



Current Sequence
3 Loser

Longest Winning Sequence
3 winners

Longest Losing sequence
3 Losers


DFC Ironman
will take on board all comments at the end of the month, if not too late by then.
Thanks for your input.

agree buzzer,maybe time for a review. sticking it out for the moment,
Long term for the moment.
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