Do you set targets? do you reach them?

Aim High.. was my school moto  1956.. very good advice .

i mean in the betting department lol

too stressful to set targets, win some lose some if it all goes move on.

not very technical advice for someone betting everyday for years, but got to keep stress to a min!

Why set targets ?

Do I set targets? Yes, 5% of my bank each week.
Do I always achieve it? No, but some weeks more (21% of my bank last week, which made up for a few recent poor weeks).

As long as I'm making steady profits in the long term, I'm happy!

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kenilworth
Date Joined: 04 Nov 05
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When: 10 Dec 10 19:40
Why set targets ?


So you have something to aim at.

up a ton down two ton down fifty up three twenty don fifty down two twenty up four fifty etcetcetcetcetc
LONG TERM IS THE ONLY WAY .

Investor,why is having something to aim at necessary ?

^
If you don't know where you are going, how are you going to get there?

Aiming to win is an important target itself, so don't
handicap yourself with meaningless targets.

Not really. If I thought I was going to win £10k with my betting in 2011, I wouldn't be here.

The Investor.

If you'd like to send me £10k today, I will give you all my profits in 2011. And I would do my utmost to make more! And I'm an honourable man and will keep my promise, even if I make a £100 million!

Most punters have a target of "must be in profit".  Very few succeed.

there is no point running if your on the wrong road

[b]Wise words from Betfairy.[/b]

Write all your bets down  - even your £2 multiple fun bets

Knock up a quick profit and loss spreadsheet.

At the end of each week / month, record your profit or loss. Bang result into a yearly spreadsheet. If trend is consistently negative, it;s back to the drawing board.

You need to set targets if you are serious about gambling.

Obviously, if you are only punting for fun, forget the above and enjoy.

Kenilworth...would it lower your perception of how difficult it is to be in profit if i told you i was a long way in profit?

No, because everyone on here wins.

Emden, my target is to win every time I bet, having
faith in my methods to overall show a profit. I don't
need a spreadsheet to tell me whether I am succeeding.

"Emden, my target is to win every time I bet, having
faith in my methods to overall show a profit. I don't
need a spreadsheet to tell me whether I am succeeding"

That's ok. Whatever works for you.

I just find that with the volume of bets I place, without some sort of records (eg bookie, lay, back,selection, price, single/ e/w, stake, r4's, bogs etc etc), I wouldn't be able to know if I was in a profit or loss situation.

Fair enough Emdon, but I would have thought you
could work how you were doing without resort to
an annual spreadsheet to help you, but as you say,
whatever works for you.

I'm extremely focused on performance metrics.

After my first 6 months here back in 2006, I had made a small profit with a high degree of volatility. I analyzed what I was doing, what was working, why it was working, what wasn't working etc.
Subsequently my profits increased exponentially for some time (in 2009-2010 I've struggled to maintain the previous rate of growth of profits).

Initially I was making only a couple of pounds a day, but the high degree of consistency meant it was very straightforward to scale up and increase profits. All the while I remained very focused on metrics.

I was guided in the process by the excellent book 'Trading Risk' by Kenneth Grant.

This won't be useful for everyone though. If you need to be convinced of the usefulness of analysis of (performance) metrics, read "Direct from Dell" by Michael Dell.

For me performance analysis isn't limited to betting results. It also encompasses software, hardware, and optimisation of processes.

Do I set targets? Yes, 5-7% of my bank each week.
Do I always achieve it?  Yes ,over the month ,but i do take a chance with my entire bank on some games.

Coach, sarcasm is hard to detect in written format.

the shrewdest people on here imo are...  lori + investor,  they know what they are doing
kenny overrates himself a lot
and trev is a bit of a no hoper

As interesting as that may or may not be Mansini, if you read the heading you will see that the OP asked a question about setting targets. Using other peoples threads just to have a dig at me or Kenilworth is a rather poor show, and some would see it as a sign of weakness in showing your own frustration.

im frustrated but not with gambling,  but i wrote on the other thread why dont you reply to that?

everytime i put a bet on i try to win, thats a target but never seems to work out...........always one goal or corner out in soccer[im not the only one judging by football threads].........i really reckon a lot of bets are pure luck, many times a goal just misses , same in corners or the three ponter in nba but thats the nature of things.

i personally reckon bet fairys [very few succeed id probably right, even the big punters probably lose too, just win more and lose more, just the nature of the game.

LMansini Joined: 15 Oct 05
Replies: 1213 13 Dec 10 01:35   


the shrewdest people on here imo are...  lori + investor,  they know what they are doing
kenny overrates himself a lot
and trev is a bit of a no hoper

I wasn't aware I had rated myself, that is compared with others. Perhaps I
only give that impression to Mansini, and that worries me less.

By: This user is offline. LMansini
Date Joined: 15 Oct 05 Add contact | Send message When: 13 Dec 10 01:35 the shrewdest people on here imo are...  lori + investor,  they know what they are doing
kenny overrates himself a lot
and trev is a bit of a no hoper



Lori and The Investor certainly do know their stuff.

But to disregard Ken and Trev is silly.

betting on Mansini's next post

10/11 he continues the attack
5/4 he starts back-pedalling with a view to apologizing

swift-tuttle

Should you ever decide to become a bookmaker I'll be first in the queue to open an account with you.

[;)]

swift, there may be another runner he doesn't quote, like he may
not post again.

Do you set Targets  Yes ..  if you dont fancy a hot shot . lay it till your nose bleeds .. this goes for every sport .. cause  hot shots get beat every day of the week .. Remember  David  V Goliath.. Biblical Times ...Goliath was odds on about 100/8 .. David you could not give away  10/1 ..guess what  the hot shot  got beat . OK its a bit of fun  but theres a message there . know what i mean . zip

zipper, you may be ignoring the times Goliath wins.

top2rated I'll seize on kenilworth's idea as a get out of my overbroke situation

Kenilworth   . zip will stick by my  statement Goliaths get beat  every day, every week,  every year .. its only in fairy tales  when they win .... in real life they get hiss on .. other wise there would  be no layers .. and zips a layer ....

its only in fairy tales  when they win

feeling a bit confused now

Swift  dont feel  confused .. we all want to marry a Snow  White  .
There aint that many Snow Whites  to go around ..  its make beleive
real life aint like that ..but i got my  Snow White got to say that  she  reads  these post now and again  .. Sue,  Snow  White or not   you would  make her look  stupid  and i love you  ..  that should get any guy  of the hook .... Girls aint us guys  full of bullshit .

A

Do I Set Targets? Yes. 10% of my bank each week is stretching enough for me. A business-like approach is essential. I am always aware of how much of my bank I should be risking in any given scenario and never deviate from what I know is statistically correct.

Do I Reach Them? Yes. Much of my own personal success is down to discipline (and this has taken me several years to master). It can be frustrating when the opportunities seem few and far between, but I do not bet for the sake of it. If I did then I would be "gambling" and throwing away the advantage I have over the bookies or fellow punters.

Trevh     13 Dec 10 01:23 
Coach, sarcasm is hard to detect in written format.
____________
have i upset you in a previous life or something ?

Setting realistic targets is a must for any serious business person. In order to achieve maximum results one must challenge themselves to see what they are capable of. Many don't set targets because of fear of failure, a trait of perfectionists. Others don't set targets due to fear of success, generally those who like to live in a comfort zone. Either state is not a good one to be in long term. Targets are a must to take one out of their comfort zone and if target not reached, it can be reviewed to see where improvements can be made and improvements can always be made.

kenilworth     16 Dec 10 14:18 
swift, there may be another runner he doesn't quote, like he may
not post again.


he he yeah i havnt checked this thread out since whenever this post was.  Ok, shrewd =   investor, lori, kenilworth, trev.   By the way im still frustrated. 2010 has been the year from hell.... I'm planning on a big 2011

Not gambling i should say,  its been great,  but other aspects of my life are bringing me down.  But im ready..for..2011..yes

Investor
Past performance analysis is all very fine and good.
But just be careful that you don't spend so much time looking over your shoulder, that you don't see the big, nasty object right in front of your nose.
Could hurt somewhat.

Mansini
You have to try to give up all that wine, women and song.
You'll never be a great gambler and do all that.
Argentine must be great to live and play in, but probably too great eh ?
Do you live there or is it Brazil ? I forget.

argentina mate,  brazil is much stricter with their visas and hand out more life bans in a day than argentina does in a year
:(