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Does anybody have a particularly way to responding to a big loss. The first time it happened to me and I chased with a bet 5 times my highest ever stake to recover it. I normally stake around 50 - 200. Only chasing experience led me to staking 400 and the bet above was 2 grand (thankfully it won). I suffered another big loss today. The thing is, I don't think I made a 'bad bet' initially, as everything was going fine until two players got sent off for the team I backed. I started betting in-play as damage limitation, whatever team won, I stood to lose around 200, however, the last shot up the match made it end in a draw and I lost 1,500. I normally don't get too bothered about losing a bet as long as I think it was a well thought out reasonable bet. However, such a big loss and in-play stupidity has me down in the dumps
My thinking now is that it would be easier to win the money back in one bet (and I have one in mind), as I'm more likely to win one big rather rather than multiple small to recuperate my losses, the only thing is if I lost my bank account would be wiped clean. #I was also contemplating to keep working and saving until my saved around 5 or 6 grand and then lump on a 'certainty' to regain the losses.
Does anybody have a particular method they use to try win back losses?, (I know, we should never chase, so tempting though)ing is, the bet I have in mind I really wanted to make until today wiped me out.
Or is it better to just take a break from the game. thing is the bit I have in mind to make my money back I had been looking forward to making, thing is now so much depends on it and the stake would be 5 or 6 times higher . . .
My thinking now is that it would be easier to win the money back in one bet (and I have one in mind), as I'm more likely to win one big rather rather than multiple small to recuperate my losses, the only thing is if I lost my bank account would be wiped clean. #I was also contemplating to keep working and saving until my saved around 5 or 6 grand and then lump on a 'certainty' to regain the losses.
Does anybody have a particular method they use to try win back losses?, (I know, we should never chase, so tempting though)ing is, the bet I have in mind I really wanted to make until today wiped me out.
Or is it better to just take a break from the game. thing is the bit I have in mind to make my money back I had been looking forward to making, thing is now so much depends on it and the stake would be 5 or 6 times higher . . .
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Sabu -
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Sabu 13 Jul 14 02:24
could you not have pm'd that
could you not have pm'd your spammy link
could you not have pm'd that
could you not have pm'd your spammy link
OK Rob's right but there are some other things you should think about. Firstly I'd say take some time off. Doesn't have to be long but long enough to get your head straight. After my heaviest ever loss I took a week off until I was in the right head space to go again.
Secondly figure out what went wrong and what you need to do to avoid it happening again. From the sounds of it you had a pretty reasonable loss but rather than accepting it you chased it and lost and it compounded into a massive loss. However you try to figure it out you need to be honest with what you did wrong otherwise there is no point.
Ironically if you have an all red screen it's a good time to bet because it can be commission free but at the same time it's also the worst time to bet depending on your mental state as you don't have time to compose yourself and think about what you are doing and how much risk you are taking.
Figure out what makes you money and stick to that. If you don't make money then do whatever you want, you'll probably lose it all anyway.
Secondly figure out what went wrong and what you need to do to avoid it happening again. From the sounds of it you had a pretty reasonable loss but rather than accepting it you chased it and lost and it compounded into a massive loss. However you try to figure it out you need to be honest with what you did wrong otherwise there is no point.
Ironically if you have an all red screen it's a good time to bet because it can be commission free but at the same time it's also the worst time to bet depending on your mental state as you don't have time to compose yourself and think about what you are doing and how much risk you are taking.
Figure out what makes you money and stick to that. If you don't make money then do whatever you want, you'll probably lose it all anyway.
Sounds like you are an accident waiting to happen.
1. The money's gone.
2. There's no such thing as a certainty, especially in football. Football is the most popular game in the world because of it's unpredictability.
3. You keep chasing you will eventually lose everything (and eventually could be today)
4. There's no such thing as a method for winning money back
5. Winning money consistently gambling is a mixture of experience, hard work, intelligence, bravery, information, common sense and discipline. Ask yourself how many of those characteristics you possess.
1. The money's gone.
2. There's no such thing as a certainty, especially in football. Football is the most popular game in the world because of it's unpredictability.
3. You keep chasing you will eventually lose everything (and eventually could be today)
4. There's no such thing as a method for winning money back
5. Winning money consistently gambling is a mixture of experience, hard work, intelligence, bravery, information, common sense and discipline. Ask yourself how many of those characteristics you possess.
I should have added to point 5, financial resources and technology.
My advice would be to have a small bet on the bet you were thinking of having. Then take a break and consider gambling a leisure activity where you are lkely to lose and that you can live with or without.
My advice would be to have a small bet on the bet you were thinking of having. Then take a break and consider gambling a leisure activity where you are lkely to lose and that you can live with or without.
Jul 12, 2014 -- 11:12PM, Rob_The_Bantam wrote:
Forget about the money.
Rob_The_Bantam • July 12, 2014 11:12 PM BST
Forget about the money. It's gone.
Soundest advice. I keep telling myself the same thing but following it is hard at times.
Forget about the money. It's gone.
Soundest advice. I keep telling myself the same thing but following it is hard at times.
If you are going to be a decent gambler you need to learn how to lose.
If you are in the habit of consistently making good bets there is no real reason for you to check your results. Once the bet is struck at a good price, your work is done. What happens beyond that is chance and fluctuation. If you are a decent judge you will be on an upward trend that will feature ups and downs, but will ultimately be moving upwards.
I used to have my balance hidden and check my results every 7-14 days in which time I would usually have 200 or so bets, and then go through the individual results at that stage, rather than hanging on for the result of each and every game as they happened. It killed the desire to chase. Could this work for you?
Your relationship with your account balance sounds skewed. Any money you have in your account is not won- it is only won when you have withdrawn it and spent it on something else.
Finally, I suspect that you are also overstaking in the first place if your desire to chase is that strong. If you have genuine belief in your ability to select good bets you have no need to chase, your account will move upwards naturally over the passage of time. So are you really making good bets, or are you winging it? That's for you to work out. Good luck.
If you are in the habit of consistently making good bets there is no real reason for you to check your results. Once the bet is struck at a good price, your work is done. What happens beyond that is chance and fluctuation. If you are a decent judge you will be on an upward trend that will feature ups and downs, but will ultimately be moving upwards.
I used to have my balance hidden and check my results every 7-14 days in which time I would usually have 200 or so bets, and then go through the individual results at that stage, rather than hanging on for the result of each and every game as they happened. It killed the desire to chase. Could this work for you?
Your relationship with your account balance sounds skewed. Any money you have in your account is not won- it is only won when you have withdrawn it and spent it on something else.
Finally, I suspect that you are also overstaking in the first place if your desire to chase is that strong. If you have genuine belief in your ability to select good bets you have no need to chase, your account will move upwards naturally over the passage of time. So are you really making good bets, or are you winging it? That's for you to work out. Good luck.
Jul 13, 2014 -- 1:28AM, Sabu wrote:
subscribe to my channel and you'll make it backhttps://www.youtube.com/playlist?list=PLP_ypg9DfkbbzGAJzUwXfHUldg2HsnEH2
sabu, you're offering up a guarantee that you can't keep.
Have seen your 'channel'. Mutterings of a gambler come to mind. GL
"If you are going to be a decent gambler you need to learn how to lose".
Eureka.....I think I maybe the greatest punter in the world if inner city sumo is right, I've been embracing losing for years.
Eureka.....I think I maybe the greatest punter in the world if inner city sumo is right, I've been embracing losing for years.
It seems to me you need a staking plan, based
on the prices of your selection(s) perhaps
betting to return a 100 points including
stakes.
For example backing say a 6/4 chance stake
would be 60/40, laying a 6/4 chance would be 40/60,
backing a 3/1 chance, stake 25, return 100 if
successful, etc, etc. It works for me.
on the prices of your selection(s) perhaps
betting to return a 100 points including
stakes.
For example backing say a 6/4 chance stake
would be 60/40, laying a 6/4 chance would be 40/60,
backing a 3/1 chance, stake 25, return 100 if
successful, etc, etc. It works for me.
I think you should give up gambling and order a pizza with your spare cash instead.
captain mack your bet was very unlucky,wexford are muck and with 2 extra men somehow managed to get a draw.Something similar happened to me years ago Kilkenny v clare had a massive bet on Kilkenny and despite Kilkenny being well ahead it was a draw,my problem was that there was no in play liquidity and I couldn't green,obviously Kilkenny won the replay by about 20 points.
There has been some good advice on here and if you learn from your mistake then it will have been a positive day,not a negative one.
There has been some good advice on here and if you learn from your mistake then it will have been a positive day,not a negative one.
Don't ever chase your losses and don't ever lump on to get it back.
The usual unhelpful comment would be to say 'if you have value then the loss doesnt matter because you will get it back in time'
You lost the money by doing something that you dont normally do.
So keep ridgidly to what works. The occasional lapse of discipline is why a good bettor loses.
You lost it so its gone.
Don't do it again.
Dont chase simply because the worst thing that can happen is that you do get it back. You will then do it again and again, then one day you will lose everything.
Mathematically you can get losses back easily if you know your 'edge' (1000's results = your average odds = losing run = plan)
thats for another time - if youre interested.
The usual unhelpful comment would be to say 'if you have value then the loss doesnt matter because you will get it back in time'
You lost the money by doing something that you dont normally do.
So keep ridgidly to what works. The occasional lapse of discipline is why a good bettor loses.
You lost it so its gone.
Don't do it again.
Dont chase simply because the worst thing that can happen is that you do get it back. You will then do it again and again, then one day you will lose everything.
Mathematically you can get losses back easily if you know your 'edge' (1000's results = your average odds = losing run = plan)
thats for another time - if youre interested.
You lost the money by doing something that you dont normally do.
So keep ridgidly to what works.
The occasional lapse of discipline is why a good bettor loses.
This is very true. This is symptomatic of internet gambling where there is a bet a minute somewhere on the planet.
Recently had a bad streak of nine days with losses. That said, if I took the average per day, it was a little over 2 pts a day which is still a whack but the graph is smooth.
Still, I figure 15 days to get back to where I was 1-July. ]
The temptation to compromise and take on races that didn't make my short list was there. But I didn't.
Reviewing the past few months, I found where I had been losing money. It mainly came down to 5 and 6F races.
Without them, even though a win here and there, i would be up around 50% higher on my returns during the 60 days of May and June.
So, as Lex put it, a little more rigid and focused elsewhere.
Friday returned 40% ROI on the day to end the losing streak.
Roll on Monday night racing.
So keep ridgidly to what works.
The occasional lapse of discipline is why a good bettor loses.
This is very true. This is symptomatic of internet gambling where there is a bet a minute somewhere on the planet.
Recently had a bad streak of nine days with losses. That said, if I took the average per day, it was a little over 2 pts a day which is still a whack but the graph is smooth.
Still, I figure 15 days to get back to where I was 1-July. ]
The temptation to compromise and take on races that didn't make my short list was there. But I didn't.
Reviewing the past few months, I found where I had been losing money. It mainly came down to 5 and 6F races.
Without them, even though a win here and there, i would be up around 50% higher on my returns during the 60 days of May and June.
So, as Lex put it, a little more rigid and focused elsewhere.
Friday returned 40% ROI on the day to end the losing streak.
Roll on Monday night racing.
don't chase your losses and especially don't do so by lumping on.
if you have a particular methodology/system then stick to it, no stuff on the side (if you're really really tempted only do so with very small stakes just to scratch the itch)
there is no such thing as a sure thing e.g. I've seen plenty 1.1 shots get beaten
if you have a particular methodology/system then stick to it, no stuff on the side (if you're really really tempted only do so with very small stakes just to scratch the itch)
there is no such thing as a sure thing e.g. I've seen plenty 1.1 shots get beaten
A lot of useful advice on here, thank you for your replies.
I opted out of lumping on to get the money back, too much at stake to risk it.
I've largely forgotten about it now. Time to man the **** up
G hall, yeah Wexford are muck!! Waterford 10/11 to beat them next weekend! your reply was particularly helpful, ill turn the day into a positive experience
I opted out of lumping on to get the money back, too much at stake to risk it.
I've largely forgotten about it now. Time to man the **** up
G hall, yeah Wexford are muck!! Waterford 10/11 to beat them next weekend! your reply was particularly helpful, ill turn the day into a positive experience
Though the cliche on this is a 'moment of madness' combined with a goal which reminds us that an event isn't over until it is over leads to another perspective that I picked up on.
As mentioned, I just went through a streak of nine days of ending the day in red with my bets.
In hindsight, when loss after loss came (I only had 4 winners from 45 selections), looking at the results and seeing the list of 2nds with 'head', 'neck' 1/2 length beside them made me realize my selections were 'losing' but weren't necessarily poor choices.
I did find some races where I had three narrowed down to two then going with the wrong one. This can rattle you and make you second guess your abilities.
But, in hindsight, I never took the approach to 'chase the losses' or ramp up my wagering to 'recoup' what was gone.
The question now is in two weeks, will I be back to where I was on 1-July.
Regardless of the result, over the ten days, no loss was created by a moment of 'tilt' or over exposed gambling, a line that I have crossed in the past.
As mentioned, I just went through a streak of nine days of ending the day in red with my bets.
In hindsight, when loss after loss came (I only had 4 winners from 45 selections), looking at the results and seeing the list of 2nds with 'head', 'neck' 1/2 length beside them made me realize my selections were 'losing' but weren't necessarily poor choices.
I did find some races where I had three narrowed down to two then going with the wrong one. This can rattle you and make you second guess your abilities.
But, in hindsight, I never took the approach to 'chase the losses' or ramp up my wagering to 'recoup' what was gone.
The question now is in two weeks, will I be back to where I was on 1-July.
Regardless of the result, over the ten days, no loss was created by a moment of 'tilt' or over exposed gambling, a line that I have crossed in the past.
Difference re Leeson was he was chasing
with other people's money.
with other people's money.
i still dont understand how the op ended up in the position he did......
captainmack are you saying that you backed clare heavily before the game and then tried to trade that position during the game and ended up with a large red on the draw? Would need to see your actual bets before giving an opinion but like someone said above, trying to trade gaa matches on betfair is a waste of time cos liquidity is so poor that you end up having to take ridiculous prices, also if anything liquidity on those matches has got worse recently
captainmack are you saying that you backed clare heavily before the game and then tried to trade that position during the game and ended up with a large red on the draw? Would need to see your actual bets before giving an opinion but like someone said above, trying to trade gaa matches on betfair is a waste of time cos liquidity is so poor that you end up having to take ridiculous prices, also if anything liquidity on those matches has got worse recently
If £1200 loss hurts then you should have it in your account and available to bet.
If you can take a 200 loss then that is all you should have available
If you can take a 200 loss then that is all you should have available
Though I agree, the problem is for trading multiple markets, you need to have a decent account (i.e. six markets, 200 = 1200). So it takes a headspace to make sure you don't roll it all into one.
I mentioned earlier how I went into July on a losing streak.
My loss at Level stakes was around -25 points over eight days.
Biggest loss was 0 for 6 at level stakes.
Some points:
- The average is just 3 pts a day (some were break even but no green days).
- It also made me spend four days relooking at my performance and rather than find where I had been winning, I looked at where I was losing constantly (I think I mentioned 5 furlongs and have avoided though still rating and researching).
First came the small gains then it has been strong since.
out of eight days, 6 in profit, 3 of those days 75% 85% and 100% ROI with multiple bets). Two losing days, biggest loss around -1.25 after seven selections day and evening.
Gains of around 15 points on the month.
It will be interesting to see which way the next two weeks go.
My loss at Level stakes was around -25 points over eight days.
Biggest loss was 0 for 6 at level stakes.
Some points:
- The average is just 3 pts a day (some were break even but no green days).
- It also made me spend four days relooking at my performance and rather than find where I had been winning, I looked at where I was losing constantly (I think I mentioned 5 furlongs and have avoided though still rating and researching).
First came the small gains then it has been strong since.
out of eight days, 6 in profit, 3 of those days 75% 85% and 100% ROI with multiple bets). Two losing days, biggest loss around -1.25 after seven selections day and evening.
Gains of around 15 points on the month.
It will be interesting to see which way the next two weeks go.
Correction:
"gained back 15 points on the month."
still down 10 pts at level stakes.
"gained back 15 points on the month."
still down 10 pts at level stakes.
The ideal is to know the strategy you're working makes money long-term. No individual bet should then be the kind of negative you're making it out to be - that's possible.
15 points on the month ?
eg 15% of your bank in a month?
blimey if I cant do that in a week I'd take up working for a living - you must a huge betting bank to make wages !
eg 15% of your bank in a month?
blimey if I cant do that in a week I'd take up working for a living - you must a huge betting bank to make wages !
returns are horse racing.
Subsidize with trading.
Betfair not the only aspect of my life in the sector.
Subsidize with trading.
Betfair not the only aspect of my life in the sector.
If you are reviewing bets Id never dismiss the winning bets just because they won, they could still have been bad bets or could still be part of an overall flaw in a strategy etc
If you are reviewing bets Id never dismiss the winning bets just because they won, they could still have been bad bets or could still be part of an overall flaw in a strategy etc
Sound advice!...be honest with yourself
Sound advice!...be honest with yourself
My posting was a bit 'general' but essentially looked at it from a few angles:
General: which distances was I making money and where was I losing. The stand-out, as mentioned, was 5 furlong races.
Tighter: Looked at each track individually with distances for starters.
Also looked at each track to see how my WIN BETS were doing and my EW bets.
When a bet wins, it is green.
If an EW returns placing, yellow
If a bet loses, I look at the loss. If it was a good call and lost to a horse that ran well on the day, orange. Or orange again if lost in a blanket or on review didn't get the opening, for example.
As well, if the going was heavy or soft, looked closer at my read (i.e. did I gamble on the horse taking to the ground or did it have form).
From there, when you look at the results and pull up a track on the day, you can see where you have been making money.
I also found that if I was taking on a track for the first time this season, I will focus on distances I do well at for starters.
That said, I might not bet on a race or play a track but during the day, I will handicap the race to stay on top of the ratings.
It sounds time consuming but it allows you to then focus more time on the tracks you make money at. Just a matter of 'rating' your bet and logging it on excel.
General: which distances was I making money and where was I losing. The stand-out, as mentioned, was 5 furlong races.
Tighter: Looked at each track individually with distances for starters.
Also looked at each track to see how my WIN BETS were doing and my EW bets.
When a bet wins, it is green.
If an EW returns placing, yellow
If a bet loses, I look at the loss. If it was a good call and lost to a horse that ran well on the day, orange. Or orange again if lost in a blanket or on review didn't get the opening, for example.
As well, if the going was heavy or soft, looked closer at my read (i.e. did I gamble on the horse taking to the ground or did it have form).
From there, when you look at the results and pull up a track on the day, you can see where you have been making money.
I also found that if I was taking on a track for the first time this season, I will focus on distances I do well at for starters.
That said, I might not bet on a race or play a track but during the day, I will handicap the race to stay on top of the ratings.
It sounds time consuming but it allows you to then focus more time on the tracks you make money at. Just a matter of 'rating' your bet and logging it on excel.
What I used to do after a bad loss was switch the laptop off, do something else for a bit, then make myself write an analysis of what went wrong - specifically, what I did wrong. Essentially, in any circumstance where you lose more than you've decided is acceptable before you start, you've done something wrong. Whatever bad luck may have played a part as well, that's pretty much always true.
I say "used to" because last year I had by far my biggest loss ever (2.5K on a pretty meaningless premier league darts match), stomped around for about five minutes, swore at myself a bit, then sat down and worked the next match on ten minutes later. I think I made about 12 quid on it. Odd night, that was.
I say "used to" because last year I had by far my biggest loss ever (2.5K on a pretty meaningless premier league darts match), stomped around for about five minutes, swore at myself a bit, then sat down and worked the next match on ten minutes later. I think I made about 12 quid on it. Odd night, that was.
The only big question is whether you have a winning system when you bet normally.
If 'yes', write off your losses, put yr head down and bet normally. You may even play a little tighter to make sure you get the money back, but that's no bad thing. If you're a fun bettor w/out a system for taking positive expectation bets, the loss may be salutary and you shd cut yr stakes or give up betting.
About eight times yr max. stakes wd not be too bad on the horses; on two-runner events it cd be a bit painful, but if you're a good winner still something you can bounce back from.
If 'yes', write off your losses, put yr head down and bet normally. You may even play a little tighter to make sure you get the money back, but that's no bad thing. If you're a fun bettor w/out a system for taking positive expectation bets, the loss may be salutary and you shd cut yr stakes or give up betting.
About eight times yr max. stakes wd not be too bad on the horses; on two-runner events it cd be a bit painful, but if you're a good winner still something you can bounce back from.
I'm enjoying my largest daily loss for a couple of years. The main reason for this is boredom. I tend to make slow regular profits and I think I've just become so bored of the whole process I've let losing trades go inrunning rather than close them out.
The lesson is that although I make a profit I need to change want I'm doing or stop.
The lesson is that although I make a profit I need to change want I'm doing or stop.
Jul 30, 2014 -- 6:59PM, Thin and Crispy wrote:
I'm enjoying my largest daily loss for a couple of years. The main reason for this is boredom. I tend to make slow regular profits and I think I've just become so bored of the whole process I've let losing trades go inrunning rather than close them out. The lesson is that although I make a profit I need to change want I'm doing or stop.
Same thing.
Boredom: this can kill you between races. So when the gaps come in the afternoon, I will research the evening's races. Thus, no silly trades and usually find winners for the evening or upcoming weekend footie.
Trades: "Let it run" means it is no longer a trade but you are betting on the outcome. Using the "Keep" is a great way to remind yourself it is a trade. Further, having the guts to 'red out' is profitable in the long run. If you are green X and the principles of the racing have fallen away and your horse is still in with a chance, to be 2X to red out is worth it if your ratio of winning trade is better.
As well, once you are green on a race, walk away, swith the page.
As well, once you are green on a race, walk away, swith the page.
That's ok if it's value to green, but if you are just greening up for the sake of it then that's crazy
That's ok if it's value to green, but if you are just greening up for the sake of it then that's crazy
No, I'm saying if you have greened up, "job done", close down.
Examples:
Jumps; expect the horse to be a front runner, going off, it moves in as expected and I load up to lay and is filled. The horse falls at the 2nd jump. Green everywhere else but still 16 furlongs to go. If I have another target in my notes, I will look at it but sometimes better to just move on with green in pocket.
Positioning trades pre-off: They move out sooner than in-running and I have the chance to green out. Found that by trading out green pre-off always a bonus, also allowing me to move onto the next targets far before the rest of the market.
Examples:
Jumps; expect the horse to be a front runner, going off, it moves in as expected and I load up to lay and is filled. The horse falls at the 2nd jump. Green everywhere else but still 16 furlongs to go. If I have another target in my notes, I will look at it but sometimes better to just move on with green in pocket.
Positioning trades pre-off: They move out sooner than in-running and I have the chance to green out. Found that by trading out green pre-off always a bonus, also allowing me to move onto the next targets far before the rest of the market.
No sorry Shapeshifter wasn't really directed at you but more in general. Some believe that just greening up is the correct thing to do but to me it's the opposite. Ideally you want to cut your losses ( Red ) and let those green's run in the long term.
But yes you are spot on , if you are green and are happy with the trades you have done there is no need to ever go near that market again!!!
But yes you are spot on , if you are green and are happy with the trades you have done there is no need to ever go near that market again!!!
Never a truer word said
Boredom is the the thing that kills me as well. Click. Bet. Win. Click Bet Lose. Click. Bet. Get it back. 10mins wait. Porn. Google News. Wikipedia see who's dead. Drum fingers on desk. Repeat. Do small 'it wont hurt' bet. Loses. Chase it. Lose it. Kick cat.
I seriously could make more on here than I ever did working. But boredom kills it.
The only solution? Treat it like a job. That you hate. And wait for your holidays like everyone else on the treadmill.
Boredom is the the thing that kills me as well. Click. Bet. Win. Click Bet Lose. Click. Bet. Get it back. 10mins wait. Porn. Google News. Wikipedia see who's dead. Drum fingers on desk. Repeat. Do small 'it wont hurt' bet. Loses. Chase it. Lose it. Kick cat.
I seriously could make more on here than I ever did working. But boredom kills it.
The only solution? Treat it like a job. That you hate. And wait for your holidays like everyone else on the treadmill.
Last night, was focused on trading only. Was doing great, greening out even for minors.
One race I hesitated when even spikes would have closed it for a mere £2, the horse shot up and a major hit, the price going from a drift out to 30 to sub 1.75 in a blink catching a lay at 5.00 that I had left to be an early lay and trade.
One race I hesitated when even spikes would have closed it for a mere £2, the horse shot up and a major hit, the price going from a drift out to 30 to sub 1.75 in a blink catching a lay at 5.00 that I had left to be an early lay and trade.
the week went okay after a vacation break.
Friday, my ratings read flawlessly on the horses, winners standing out at every track. Had nine winners from eleven selections, lowest odds 2/1, highest 14/1. 6 of 7 each-ways won.
Meanwhile, traded two five furlong races. Hesitated in-running on both and lost medium
Another 23 furlong race had several moments to red out with minor loss and, at one point, a spike caught my backs but I had cancelled part of it and the horse recovered from the jump and shot to the front with three out.
Went from losing £5 to £120 in a blink.
9 for 11, a day to celebrate, killed in a matter of seconds over three unrelated races.
Healthy gains on my betfair points......
Friday, my ratings read flawlessly on the horses, winners standing out at every track. Had nine winners from eleven selections, lowest odds 2/1, highest 14/1. 6 of 7 each-ways won.
Meanwhile, traded two five furlong races. Hesitated in-running on both and lost medium
Another 23 furlong race had several moments to red out with minor loss and, at one point, a spike caught my backs but I had cancelled part of it and the horse recovered from the jump and shot to the front with three out.
Went from losing £5 to £120 in a blink.
9 for 11, a day to celebrate, killed in a matter of seconds over three unrelated races.
Healthy gains on my betfair points......
Love the points above about the effects of 'boredom'
I think boredom can easily become tilt/chasing. I also think boredom happens also when you are in the middle of a heavy trading session. You can start to trade like a complete robot, but one that starts to overheat. I know, I've done it myself.
Funny that Lex mentioned it's better if you think of this as a job that you hate. Probably right - enjoying trading can lead to problems. I'm working solely from home these days in my other line of work,something I always wanted. Sometimes I hate it, as it can be very boring, but I remind myself that I'm one of the lucky ones despite the boredom!
I think boredom can easily become tilt/chasing. I also think boredom happens also when you are in the middle of a heavy trading session. You can start to trade like a complete robot, but one that starts to overheat. I know, I've done it myself.
Funny that Lex mentioned it's better if you think of this as a job that you hate. Probably right - enjoying trading can lead to problems. I'm working solely from home these days in my other line of work,something I always wanted. Sometimes I hate it, as it can be very boring, but I remind myself that I'm one of the lucky ones despite the boredom!
I'm working solely from home these days in my other line of work,something I always wanted. Sometimes I hate it, as it can be very boring, but I remind myself that I'm one of the lucky ones despite the boredom!
Stu,If what you do is boring, how can you be one of the lucky ones?
Stu,If what you do is boring, how can you be one of the lucky ones?
It can be boring at times while I'm working, but I still have flexibility in my time, freedom of home life etc.
Beats working in my old work environment every day I can tell you. Couldn't wait to get out.
Beats working in my old work environment every day I can tell you. Couldn't wait to get out.
Perhaps it was down to your particular work environment
rather than anything else. GL.
rather than anything else. GL.
Yep, wouldn't disagree with that, I wanted out of it. But I do love the freedom of working from home also.
No, sadly not good enough for that - too many lapses in my self-discipline despite being generally good at spotting value etc. But being at home does allow some decent time for trading/betting as a side income.
Same as me, although I have retired and what I get from here,
supplements my income, only in a small way! GL.
supplements my income, only in a small way! GL.
Prob best to treat it that way Ken in my experience - soon as it's the only thing that matters then I find betting/trading goes wrong (for me anyway). GL too.
Yep, me too! But a bad day when it means everything (ie all the income) nowhere near as bad a loss of a small amount of your income.
in my own experience, I think gradually making it back is the way to go. you'll probably be surprised how quickly you can build a bank. also, after a few days, a week has passed, the urge to ''make it back'' should have abated. big loss is horrible, but you'll get over it soon, so why risk making things ten times worse in the meantime
I find it difficult after a day like today when I've backed a 7/1 that finishes 2nd and then lay St Helens and they win by 1pt. I should stick to just my 2 bets tomorrow but I feel like wanting to have a go now. That's the gambler in me.
Biggest challenge in betting - not chasing. Easy to say never, much harder in practice.
i thought this was a thread about peoples biggest loss,not shapeshifters personal guide to betting,zzzzzzzzzzzzz 
i think it's important to take note of the near misses too , sometimes more so
a loss is only a bad loss if it's error out opf stupidity or carelessness - letting a bet ride while you go to the shops forgetting it was on - or leaving bets up and seeing them get snatched at bad value
if you lose because of a freak scoreline that only happens once a year then it's best to write it off
a loss is only a bad loss if it's error out opf stupidity or carelessness - letting a bet ride while you go to the shops forgetting it was on - or leaving bets up and seeing them get snatched at bad value
if you lose because of a freak scoreline that only happens once a year then it's best to write it off
patrick starr
Joined: 04 Mar 10
Replies: 11465
30 Aug 14 17:59
14 17:59
i thought this was a thread about peoples biggest loss,not shapeshifters personal guide to betting,zzzzzzzzzzzzz
lol
Joined: 04 Mar 10
Replies: 11465
30 Aug 14 17:59
14 17:59
i thought this was a thread about peoples biggest loss,not shapeshifters personal guide to betting,zzzzzzzzzzzzz
lol
when it comes to dealing with heavy losses I always listen to king Kenny, ie when he napped sheff utd at 2/5 v Hartlepool and when he had those 16 consecutive losers last season, the guvnor took it like the true gentleman he is
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