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masterpf
14 Sep 11 15:40
Joined:
Date Joined: 11 Aug 02
| Topic/replies: 271 | Blogger: masterpf's blog
I put £10 in August 20th and finally it went back to zero a couple of days ago after 8 pages worth of bets. The highest it got was about £43. Previously I had put £10 and got it up to £100 or so and again lost it. Has anyone here ever built an account of more than a £1000 from a £10 start? My problem seems to be really stupid bets. My thinking behind these bets is that however little I know about the sport or however stupid the bet, in the end if my luck's in I can win off it. Cause sometimes you spend a lot of time analysing a bet and in the end it loses anyway.

On my recent attempt I got completely bogged down around the £20-£30 bracket for an eternity doing pointless bets that sometimes won and mostly lost and finally I had 4 losers in a row which sent me to zero.

I am close to thinking it is almost impossible to win £1000 from a £10 cause it just takes far too much discipline and time. What if I deposit £100. Can it be done then?
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Report nasri September 14, 2011 3:42 PM BST
disipline and time is the key, if u get that part right of course it can b done. not saying its easy tho
Report aueng September 14, 2011 3:59 PM BST
stick to sports u know. also if u cant win with small stakes,there is no reason that u should win with big stakes. stay small til u feel confident/know what ur doing. also.. there is nothing wrong with discipline and time, rushing to win usually doesnt end well.... or maybe thats just me. good luck anyway Grin
Report dlarssonf September 14, 2011 4:23 PM BST
you are here since 2002Shocked
Report mythical prince September 14, 2011 4:54 PM BST
I agree that it's good to be patient, steadily building your account up is the way to go.

However 10 quid is a very small bank. You only need to lose 5 minimum bets in a row to go bust. why not start
with 50, or 100?
Report viva el presidente! September 14, 2011 5:04 PM BST
it's possible, but you have to start with an acceptance that it's work, not fun, imo.
Report nonni September 14, 2011 6:24 PM BST
It is just as hard to turn $100 into $1000 as it is to turn $10 into $100.

If you manage to do so, then I can't see what should stop you from turning $100 to $1000.
Report MrHunt September 14, 2011 6:25 PM BST
if you aint got an edge your guessing...guessers only end up in 1 position..

skint
Report racingguru September 14, 2011 6:25 PM BST
Too many dreamers on this forum. Firstly acceptance of where you are in the ecosystem of punters. 95%+ will lose long term, 90%+ will lose EVERY year.

Now there is nothing wrong in having a bit of fun with betting and losing small sums and dreaming that one day you'll make it pay but unless you have what it takes to make it pay that's all it will ever be - A DREAM.

My advice would be you do not even need to bet to trial any betting system [your analysis] but paper trial it for at least a year [two would be better] and specialise in something you feel you are more knowledgeable than Joe public. Then if that shows up well trial it with a small bank 1000 bucks or less but remember your stake size should be a reflection of your bank size [plenty of threads on kelly and various staking methods]. This will tell you whether you have it to deal with REAL losses as it invariably happen and can keep your discipline in these times. If you can get through that phase you may have something and if not your losses are relatively small.

Footnote - you need accounts everywhere not just here.
Report dlarssonf September 14, 2011 6:29 PM BST
paper trading is useless imo, it can't compare to placing real money... the rest i agree with
Report racingguru September 14, 2011 6:37 PM BST
dlarssonf - i agree with you. I was just suggesting the paper trial as a period where they learn the craft without doing their b0ll0cks followed by the real test of doing it with money. By the end of year 1 most would have realised they just don't have a clue.
Report dlarssonf September 14, 2011 6:42 PM BST
Fair enough racing guru I understand where you are coming from now....  what most don't realise, and it applies to most things in life, you have to work and work hard to find edges, a lot think they can just  switch on the laptop and start whacking out bets and don't understand how they could be losing
Report 3DUCKEGGS September 14, 2011 6:53 PM BST
if you aint got an edge your guessing...guessers only end up in 1 position..

skint


Very true.

Also paper trading whilst very useful to test out theories will not help you if your money management and staking goes west after a losing run.
Report mikenz September 15, 2011 12:39 AM BST
i used to run out of funds in accounts, but dont seem to do that here anymore, am learning, never lucky on 365, dont know why but the way its done here just seems to suit me these days, it takes time to work things out
Report Still standing September 15, 2011 2:06 AM BST
Why would a guy who has been here since '02 feel the need to go fishing.  What a sad and boring life you must lead masterpf.  Maybe your name is more like master bate.
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