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how did you raise your bank?
how did you raise your bank?
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Replies: 190
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yada yada yada.
a winners thread. |
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Very Honest Post there Chilly.
Respect. |
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Have to completely disagree with Zip's post. It concerns me that you can advise someone who has admitted that they have no discipline that they cannot lose. It's like telling an alcoholic "as long as you just stop at 3 pints and not drink anymore you can still have a good time and not have a drinking problem."
The rest of it is just magazine fluff like just sticking to what your good at. Very easy to say, if it was that easy everyone would be a winner. It's that same mentality as thinking that whenever you win any bet it's great skill and knowledge but whenever you lose a bet it just extremely bad luck!!!! |
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U.A . Seen you have been on Betfair a full 5 weeks .. enough said . Hey thats the best of this forum anyone can post anything
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I always went by the adage when you can't afford to bet...you can't afford not to bet. That is how I raised my bank.
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Thanks for your honesty there Chilly. Makes a change from the usual "i win all the time i'm a millionaire 6 times over thanks to BF"
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Oh dear Zip looks like you are getting a bit concerned about how long people have to be on the forum before they are allowed to post an opinion (or more importantly disagree with one of yours). The thing is though Zip i've got my degree from the university of life and surely that is the only qualification I need to have a opinion (or so i've been told).
I notice that you never actually tried to argue with any of my content just with who i am. |
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1.01 zippy challenges U.A to a laying comp within the next two posts.
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U.A. its good to talk.A degree from the University of life is quite scarce . I got mine 40years ago & thought they'd done away with them .
Mr Management...you are such a bore & you have nothing worthwhile to say. |
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Rocket Face, Lays are ten a penny Try these .
Leicester 3.00 Lady Willa about 5/4 lay it till your noses bleeds .zzzz 3.30 Tafika back it off the boards take any odds them bookies put up . layers on here ive seen a lot better on course . |
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The Management
Did zipper apologise for calling you a Hampton Wick the other day? |
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More lays to follow , Kempton to night 4.50 till 7.50 3 hours laying its a Gold Mine ..
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Chilly
Started with about £100,000,now got fxxk all,on a IVA so my advice is dont bet...Unless you are A)extremely clever b)Have inside info. C)Bet stakes small enough that it is just bit of fun and doesnt affect you family.. You started with a 100K? if you have a hundred K to start with you don't need to be here mate, this place is for dreamers, some make it, many don't, but if I had that sort of capital, I wouldn't bother with this. But good to see a seemingly true, honest story. |
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Its only a bit of fun Top2rated first , no zip did not and will not apologise when i make my mind up re this Manager hes a dickhead that will do for me .
The Manager zip said on this thread 3.00 Lady Willa lay it till your nose bleeds , Ok she won 25 lenghts so i lost a couple of grands £2136 .. but my other peice of advice same post 3.30 Tafika take all the odds on offer its a CERT and it won like a Cert take it from me zip won plenty they dont all win but if you have big balls and a big bank and faith in yourself .Thats all you need .. |
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and a big ego and mouth aswell zip eh.
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Modest Beginnings . now that takes me back hows this for modest zip born 1940 one of 11 kids council house estate very tough/ rough. the police dogs went around in threes dad was a drunk Mum was an angle but at 15 years old i got out ducked and dived a bit then got smart the rest is history ..
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Manager say five men are at a table and You cannot spot the Fool ..... its probably you some advice , never kid a kidder
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Whos We zzzzzzzzzzzzzzzzzz
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Cos you have been a sport ......your on ... but keep it simple zip likes simple
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Mr Manager enjoy the evening zips off out 7.00pm with my lovely wife to our fav waterhole . re the polishing the pin bit . We leave the house work to the staff .
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Dear old pals, jolly old pals,
Clinging together, in all sorts of weather Dear old pals, jolly old pals, Give me the friendship of dear old pals. It'll never last.  |
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i love a happy ending
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Its always the same on general betting now, where there used to be many a good thread. Now any thread that looks like it might be half decent either debate or content wise, is usually taken over by feck whinging about parasite's or zipper and his massive ego
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hmm i was rather expecting.. nay hoping.. this thread would be about savings over the years from jobs (not professional gambling) and whether bettors have mortgage's and how their betting fits in with this etc..
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That would be far too boring Paulol.
This interchange between the Mgt and Zipper is far more interesting and for real apparently. |
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Regardless of how long he's been here U.A. was absolutely right, advising some-one who has already lost a lot of money and has honestly admitted to having a bit of a problem with gambling that he "can't lose" is tasteless to say the least. He obviously CAN lose - he just did. There's no reason to think that if he continues he will turn things around, quite the contrary. "Fearlessness" is not a good quality in a gambler, you do need a steady nerve to watch variance work it's way through but ultimately it's not courage that gets you home in this game, it's strategy.
Full credit to Chilly for being up front about his story, I wish him all the best in the future. It would do many people a lot of good to learn from his experience. I've quite often offered advice on these forums on how to gamble more effectively but I do sometimes worry that I'm handing out false hope as the only advice most people need is "don't do it" - or at the very least "only do it for fun and with money that you won't miss." Gambling destroys many, many more people than ever make anything from it. I always remain aware of these people and they have my genuine sympathy. To address the original question - I'll say what I've always said: Start with £100, if you can't build up from that then I'm sorry to say that you're not going to make it. If you lose your initial £100 then you are a recreational punter - and there's nothing wrong with that, just bet whatever makes it fun without risking money that you'd miss and you never know, you might get lucky. Ultimately there are three categories of gamblers: Pro Gamblers - a vanishingly small percentage of players who make it pay. Recreational Gamblers - People who bet money for fun, it doesn't matter if they lose because they're just spending money on a fun hobby the same way surfers spend money on surf boards. Compulsive/Problem Gamblers - People for whom gambling has become an addiction which causes them problems in their life. The first category is simply not open to most people in the same way that most girls will never be super models, so the only choice is between the second and the third. So never mind being "fearless" - stay in the second category and take care of your loved ones. |
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Whilst I agree with the essence of Aye Robot's fine post, I would venture to suggest that there is not a really successful gambler anywhere who has not lost it all in the early days of his career, and has come back from this adversity.
It's a lesson that has to be learnt, most usually the hard way. So perhaps the phrase should be " starting banks" not " starting bank". I would also take slight issue with the statement that successful pro gamblers are a vanishing breed. I think that the development of computers has opened the area of sports gambling, and financial risk taking in general, to a new breed of tech savvy " quants", who are gambling or trading extremely successfully in a virtually risk free manner. Aye Robot would perhaps be a prime example of such a person. He has acquired the skill set to do this apparently, but the field is by no means closed to future entrants. The pool of money in gambling is forever expanding and is open to further exploitation by those willing and able to acquire the necessary skill sets. As far as exactly what starting capital is required I point out that I remember Aye Robot posting that he toiled for years as a " bonus ****" to build his up to a reasonable required level. Again he is talking here from experience in saying that if you can't build it, you won't keep it. |
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I would say that the successful sports gambler/investor... whatever you want to call it...is very much on the increase.
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I would venture to suggest that there is not a really successful gambler anywhere who has not lost it all in the early days of his career, and has come back from this adversity.
Then you would be wrong. You're right that I started as a bonus wh0re - and that's a great way to start (although I didn't "toil for years"), but once I decided to have a go at outright gambling I limited myself to £100 and never lost it. At the beginning I was pretty unsure if I could really make it work so I determined that I wouldn't waste money or throw away time on a silly dream, that £100 was my test and if I failed I would have quit. I set myself the same kind of task when they brought in in-play x-matching, although with more money. So far it looks ok but if I do sink below that threshold then I'll quit just the same and without any hesitation. Whilst I'm here, I said that pro gamblers were "a vanishingly small percentage" - which means a tiny percentage, not a vanishing breed, which we are not. |
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Sure hope you're not conveniently forgetting any false starts you had at the beginning Robot.
Good on you if you aren't. There's always an exception to the rule. But I don't think a few false starts or early big losses should necessarily put people off from never trying again. As long as you learn the lesson, in the sense that you know where and why you exactly went wrong and go on to correct your mistake{s). That is in fact how most great inventions in the world have been unearthed. Trial and error is normal and human for most. |
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Btw Robot I was wondering how your attempts to modify your bots to cope with the in play cross matching were going.
I think the last time you posted on here on that matter, you said that it was a work in progress. Seems now that you have found a way to exploit it profitably ? As profitably as before its introduction or less ? |
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I can honestly tell you that I'm not forgetting anything. I did some quite extensive research before I started but without placing bets. I did spend a little money on Fracsoft data I suppose but that's not quite the same.
Anyhow - right now I'm making WAY less than I was. I am making a profit but it's not a lot. In the last week before the x-matcher came in I made 7K (a good week), I haven't made that anything like that much in the 2 months since. Fortunately as you would imagine I have a bit of a cushion in my finances that's allowing me to take the long view and re-work everything, so I'm taking my time to get things right before I start ramping up my operation to it's former scale. I'm making big changes to my M.O. Part of that is refining some pre XM strategies to return them to worthwhile returns and part of it is developing new lines of bots entirely. It takes time though. Some former strategies have simply been dumped. Like I said at the time I knew the XM would hit me hard and so it did. I decided to give myself 3k to crack the new markets with and it looks like I'll make it. I know that most people aren't bothered by the XM but they should be. I find it ridiculous that people worry about the PC - which only ever takes a small percentage of your winning but didn't complain about the XM - which may well take them all and more besides. All the same, Betfair make the rules and it's their exchange so fair enough. |
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Frog: it's a lesson that has to be learnt, most usually the hard way.
So perhaps the phrase should be " starting banks" not " starting bank". Spot on Frog, in the early days mistakes are an essential part of the process, discovering how they make you feel, learning how to avoid them, discovering how losing the bank feels, learning how to stake to protect the bank etc. I think that's hugely important. No one's going to step up to the table and start winning from the very off with little or no experience. So perhaps 4 £100 practice starting banks and then one serious £100 bank, if they haven't made it by then, give up :) |
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The Management - withdraw most of your balance whilst you were learning........ Have you done this? (That's a rhetorical question btw - as I know the answer!)
do you think i have? (none-rhetorical) aye robot - how the hell do you make 7k in one week? what is X-Matcher??? |
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George 'Taters' Chatham is my Grandfather!
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Paulol - with a fist full of servers and quite a lot of know how. The x-matcher is Betfair's bet matching algorithm. It makes markets more efficient by offering to match bets in several different ways. Until the end of November they used a simpler algorithm on horse racing markets that left much more "slack" in the markets which it was relatively easy to rake up. When they introduced it on Horse Racing markets it effectively started sucking out a lot of value bets directly into Betfair's pocket, which means there's less left for players. This is particularly true of IR markets. It's very good for Betfair but very bad for me - and for many other IR winners.
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PC - which only ever takes a small percentage of your winning
a small percentage being ? |
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In my case 15% in a good week. - but whether you think that's small or not it's clear that the XM takes much, much more.
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For horse players as yourself maybe but not for everyone.
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Almost everyone now faces the x-matcher frames. The impact is felt particularly badly in IR horses because it was such a goldmine before but everyone would have a better chance at making money without it. Of course it would also mean that losers would lose faster - but frankly I'm ok with that!
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