Forums

General Betting

Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
Second Time Around
23 Aug 11 14:38
Joined:
Date Joined: 04 Jan 09
| Topic/replies: 491 | Blogger: Second Time Around's blog
Hi guys, I thought I would share something that has helped me with mt discipline.
I am now withdrawing 50% of each winning bet after commision, thus builing the bank and taking funds....seems to have focused me on the actual goal. Any negatives/positives?
Pause Switch to Standard View Withdrawing 50%
Show More
Loading...
Report waynebrayn August 23, 2011 2:46 PM BST
what do you do after a losing bet?
Report Second Time Around August 23, 2011 2:53 PM BST
Theres always one isnt there! Never bqack more than 10% of bank.
Report Second Time Around August 23, 2011 2:59 PM BST
Nothing tedious about withdrawing £9 to account...gets it back to feeling like real money!
Report waynebrayn August 23, 2011 3:00 PM BST
Sorry sta it was meant as a serious question.  I too have trouble balancing bank growth v taking profits.  I posted a similar question some time ago and as I recall there may not be an optimum - it depends on your goals.

It is of course difficult to do both (grow bank and take profits) and comes down to a personal preference.

At the moment I withdraw a small amount if my bank is above a certain level.
Report waynebrayn August 23, 2011 3:01 PM BST
At the moment I withdraw a small amount if my bank is above a certain level (on a daily basis).
Report Second Time Around August 23, 2011 3:05 PM BST
I feel it keeps me more focused, as on here money doesnt feel like money if you know what I mean, just withdrew another £35 from horse race 15.00 Leicester, nice to see bank grow whilst knowing that withdrawals are being done.
Report Second Time Around August 24, 2011 10:33 AM BST
All of those withdrawals I made yesterday have been reversed back into my account? Any ideas?
Report Second Time Around August 24, 2011 11:07 AM BST
Apparantely a maximum 5 withdrawals allowed per day, I wonder if there is a maximum 5 deposits per day!!!!!! I bet not.
Report postmannick August 24, 2011 12:52 PM BST
sounds like it works for you so cant see a problem except the question of if you have a bad run(and we all have them)do you wait till you"ve recovered you loses before taking 50% out again i.e you"er down £200 after 3 bets you"er 4th bet wins you £100 do you still take £50 out ? g/l
Report Second Time Around August 24, 2011 1:14 PM BST
Yeah Post man I would take the 50% out even after a losing few bets, never bet more than 10% of bank so bank will never be dry.
As only 5 withdrawals allowed I will with draw every 3 hours now but keep a record.
Report avi315 August 24, 2011 5:11 PM BST
At the moment I`m withdrawing once a week, but I am thinking about taking all above some level every day (if lucky :))
Question is: Are they gonna charge me after to many withdrawals in a month or I can take as often as I like?
Report tommycockles August 24, 2011 5:26 PM BST
Careful you dont pi55 your bank off with too many transactions in a day. You could use the Aussie wallet to 'save' your winnings in then withdraw at the end of the day/week?
Post Your Reply
<CTRL+Enter> to submit
Please login to post a reply.

Wonder

Instance ID: 13539
www.betfair.com