Dec 15, 2019 -- 8:09PM, starship wrote:
1% of your betting bankyou have £1000your mimimum bet is £10if your bank goes to £1500....mimimum bet £15and if u go skint...this game is not for you
Good advice with 1% although if you haven't got the foundations set it'll all collapse, by foundations I mean the emotional side of gambling, it is only you who presses the bet button, can you handle multiple losing bets and keep your cool and stick to the plan. Most can't. Can you handle greed? Are you disciplined to within an inch of your life ?
Jan 12, 2020 -- 8:16PM, wolf3011 wrote:
As over 95% of people on betfair have losing accounts, your biggest mistake is asking your question on this forum and taking the replies seriously.
I kind of agree and disagree at the same time.
Fora and gambling make great bedfellows. Unless you have friends or relatives who are successful, it's very hard to get free, useful information on betting. It should be fairly easy to work out who is worth listening to and who is not. Posting is a super efficient way to learn. You post something stupid and someone will refute you and you learn. People can't resist bragging!
I agree because on the cricket forum, there is a ****tonne of aftertiming, results orientated thinking, punting for the sake of it, gambling disguised as "trading", a lot of recency bias, cognitive bias and also a lot of the use of "lump on" which is idiotic.
As for mistakes, personally, I would say being results orientated is a huge blunder. I'm over it now but I used to strongly correlate results to skill and negative results to lack of skill. Mind over matter innit.
Generally, I would say that people do not understand the concept of value and they do not realise what kind of ROI is achievable or exceptional (a lot lower than you might think)
Finally, people are lazy (myself included) You have to put in a lot of work to be good. If you don't then you don't deserve to win long term. FYI watching MOTD isn't work