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1k to 30k challenge
1k to 30k challenge
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Your maths are wrong (or is a typo), starting from your very first post on this thread.
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hi moghul, thanks for the questions and advice! the liabilities you see between 10 and 80€ were pretty much between 1-4%. every now and then you can indeed notice a loss of around 200€ which was simply overstaking. i tried to stick to the targets per market, but it's hard to do and i notice that i continuously want things to go faster. i've lost a lot in the last years and it's hard to cope with that at times. the relative big wins don't necessarily mean overstaking, but most of all taking more risk.
i agree with you that a steady goal implies a bit of pressure, but first of all.. if i don't reach the daily target, it's not a failure or anything, i don't "have" to make the daily target. but you might have noticed that the daily targets, compared to the bank, are very low so that should make it easier. however, i took a big hit today. the day before yesterday i was 100€ up when i lost my profits so no wins and lost about 400€ yesterday, most of it on espanyol. i had a bad feeling the last couple of days. i'm not doing what i should be doing, i'm overstaking, taking unnecessary risks to go faster and to win more. greed is taking over and like i mentioned before i need to refocus but i don't get the feeling that i'm able to do that at the moment. i can also use my remaining profits well. that's why i decided to withdraw everything and start over again. sorry if this decision disappoints the readers, but if i don't do this i'm afraid i will slowly loose it all. to succeed i will need a consistent way of making small money with minimum risk and at the moment i don't have the feeling that i have that. any thoughts are always welcome! Basketball: -€57.69 | Horse Racing: €4.01 | Snooker: -€26.32 | Soccer: -€311.48 Total P&L: -€391.48 Basketball / Samsung life Bichumi v KDB Life Winnus : Match Odds 18-Jan-12 08:00 18-Jan-12 10:15 14.32 Basketball / Aris v Khimki : Match Odds 17-Jan-12 17:45 17-Jan-12 19:43 -18.53 Basketball / Nizhny Novgorod v Besiktas : Match Odds 17-Jan-12 15:10 17-Jan-12 17:09 17.40 Basketball / Mobis Phoebus v KT Sonicboom : Match Odds 17-Jan-12 10:00 17-Jan-12 12:07 9.65 Basketball / Samsung Thunders v Etland Elephants : Match Odds 17-Jan-12 10:00 17-Jan-12 11:52 -82.48 Basketball / New Jersey @ LA Clippers : Match Odds 16-Jan-12 20:35 16-Jan-12 23:17 1.95 Horse Racing / Folk 17th Jan : 2m1f NHF 17-Jan-12 16:00 17-Jan-12 16:10 4.01 Snooker / Higgins v Stevens : Match Odds 17-Jan-12 12:30 17-Jan-12 15:01 -28.61 Snooker / Trump v Bingham : Match Odds 16-Jan-12 12:30 16-Jan-12 15:14 2.29 Soccer / Espanyol v Mirandes : Match Odds 17-Jan-12 20:00 17-Jan-12 21:54 -174.51 Soccer / Bolton v Macclesfield : Match Odds 17-Jan-12 20:00 17-Jan-12 21:52 7.52 Soccer / Hamilton v St Mirren : Match Odds 17-Jan-12 19:45 17-Jan-12 21:35 0.10 Soccer / Leicester v Nottm Forest : Match Odds 17-Jan-12 19:30 17-Jan-12 21:28 -36.42 Soccer / Xanthi v Panserraikos : Match Odds 17-Jan-12 16:00 17-Jan-12 17:57 -41.00 Soccer / Sweden (W) v Norway (W) : Correct Score 17-Jan-12 14:00 17-Jan-12 15:53 0.95 Soccer / Sweden (W) v Norway (W) : Match Odds 17-Jan-12 14:00 17-Jan-12 15:53 12.82 Soccer / PKNS v Kedah : Match Odds 17-Jan-12 12:45 17-Jan-12 14:44 50.61 Soccer / Besiktas (Res) v Manisaspor (Res) : Correct Score 17-Jan-12 11:30 17-Jan-12 13:29 -5.93 Soccer / Besiktas (Res) v Manisaspor (Res) : Match Odds 17-Jan-12 11:30 17-Jan-12 13:29 6.53 Soccer / Istanbul BB (Res) v Denizlispor (Res) : Match Odds 17-Jan-12 11:30 17-Jan-12 13:23 -56.78 Soccer / Felda Utd v Selangor : Match Odds 17-Jan-12 08:45 17-Jan-12 10:44 -51.08 Soccer / East Bengal v Pailan Arrows : Match Odds 17-Jan-12 08:30 17-Jan-12 10:25 44.08 Soccer / Wigan v Man City : Match Odds 16-Jan-12 20:00 16-Jan-12 21:53 29.57 Soccer / Hakoah Amidar Ramat Gan v Hapoel Bnei Lod : Match Odds 16-Jan-12 15:00 16-Jan-12 16:55 19.10 Soccer / Atletico CP v Oliveirense : Match Odds 16-Jan-12 15:00 16-Jan-12 16:52 -141.11 Soccer / Al Sadd v Al Arabi Doha : Match Odds 16-Jan-12 14:45 16-Jan-12 16:38 -7.71 Soccer / Orduspor (Res) v Trabzonspor (Res) : Match Odds 16-Jan-12 11:30 16-Jan-12 13:31 3.12 Soccer / Kasimpasa (Res) v Kartalspor (Res) : Match Odds 16-Jan-12 11:30 16-Jan-12 13:29 7.52 Soccer / Sakaryaspor (Res) v Genclerbirligi (Res) : Match Odds 16-Jan-12 11:30 16-Jan-12 13:28 13.40 Soccer / Bucaspor (Res) v Goztepe Izmir (Res) : Match Odds 16-Jan-12 11:30 16-Jan-12 13:27 2.16 Soccer / Rizespor (Res) v Karabukspor (Res) : Match Odds 16-Jan-12 11:30 16-Jan-12 13:25 -1.20 Soccer / Sakaryaspor (Res) v Genclerbirligi (Res) : Correct Score 16-Jan-12 11:30 16-Jan-12 12:56 6.78 3/01/2012 1000 4/01/2012 1057 5/01/2012 1142 6/01/2012 1229 7/01/2012 1304 8/01/2012 1425 9/01/2012 1446 10/01/2012 1409 11/01/2012 1459 12/01/2012 1678 13/01/2012 1997 14/01/2012 2111 15/01/2012 2082 16/01/2012 2158 17/01/2012 2164 18/01/2012 1773 |
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for what it's worth, this is how I see it but correct me if I am wrong. You are getting too emotionally attached/bogged down/ upset by individual losses or losing days. You need to see the long term picture. Don't worry about losing days / markets etc they will happen guaranteed. Keep your staking in check and that should enable you to stay in the game longer.
The only way to succeed in this game is to obtain value, but you will never be able to tell this over short periods, one or two markets etc. You need to keep plugging away and over a larger sample you will be able to see if you are obtaining value or have an edge. Unfortunately there is no easy way to make money even with minimal risk, if there was everybody would be doing it. It needs a lot of hard work to have even any chance of success. Get your staking in order, accept losing days/markets etc and stay in the game long term and see if you have any chance instead of blowing your bank over one loss and never knowing. It will never happen overnight but good luck with whatever way you want to go. |
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great post larsson talks a lot of sense there. need to stay disciplined pal with the stakes or you will lose it. hope you make it to 30k though
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Allright Nicholas, sad to hear you lost a big stake. But this is the nature of betting.
But I think you are doing the right thing, when you leave betting for a few days now. You seem to see this very emotionally, so its good to have to some distance for a couple of days, recover your mindset and refocus on your initial strategy. After losing a bet, there is always the danger to chase, decreased sensitivity and thus overstaking or taking too much risk. Finally you lose even more. So go out and play for a few days and then go on with your old strategy and more discipline. Good luck. |
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hi larsson, thanks a lot for your comment. you are absolutely right. it's not necessarily because i had a losing day, but mainly because i didn't have my act together and from the past i know how that ends most of the time.. that's why i'm taking a couple of days off to think about what to do, how to proceed and with what bank..
thanks smithy and moghul, i will certainly be back soon  |
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Australia's Friday tip
In the 3rd race at Mornington tomorrow is a Moody horse who ran into a smart one on it's debut. Benleigh is a half brother to Danleigh and ran 2nd two weeks ago to a galloper going places in Blue Music. Today with Nolan in the saddle should see him beat this lot. All but Venomous Clive are exposed as average types and even though he is well bred and promising, he must give the selection 1.5 kg's. Not a huge price expected but he should be going on to much better thing's. Mornington Race 3 No 4-Benleigh-2 Point Win at SP My free tipping page: superoctagonalshorseracingtips.blogspot.com/ |
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hey nicholasdc
..got your email....big apologies for not delay in replying....have been in fresh air for few days !!!!   will reply by email tomorrow...... but you are right about trading and sooner or later taking a big hit when the odds go against you.....the spreadsheet wasnt really designed for that.....you can still trade but it would have to be within very strict parameters especailly as far as the football markets are concerned.... and there are a couple of things i can think of to help with discipline and patience... although in the end most of it has to come from within!!!!! will email later.....also with a modified spreadsheet that may help curb your desire to get things done too quickly and wanting to go ever faster and faster although at the same time it can also spread the risk even more!!!!! |
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email sent.
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cheers mate
will restart this challenge soon! |
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