Sir_Bonds thread in General Betting.

SIR_Bond    19 Jul 11 11:46 
Long story short after making some nice money on here.

Now 25k down.


I think that pretty much tells you all you need to know. Made good money, now 25k down = I was lucky, now reality has set in.

So he answer is nothing to do with your bank or staking it's to do with the fact you like most punters have negative expectations when you bet. ie: each time you bet 100 pounds you will average back 80-95 pounds back (approx) depending on how bad a punter you are. To have positive expectation ie an edge you would be doing something, namely better analysis and be making a profit long term regardless of your bank, staking etc.

So sorry to say there in no easy way out:

Either save up a lot and have one big bet and hope to get lucky BUT then you HAVE to stop betting OR improve your analysis skills, test with tiny money till you are consistently making profits (2 years) and then raise your bank gradually OR align yourself with someone who is making consistent profits year on year out and pay them whatever you have to for the info - hard to find genuine people. Good luck either way but my advice is cut your losses and stop betting or make betting so small it doesn`t bother you either way.

I love the tale of a trader winning 1.016% on turnover but he turned over 0.5 billion .