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edwinchester
26 Apr 10 20:55
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Date Joined: 12 Jul 03
| Topic/replies: 3,258 | Blogger: edwinchester's blog
My aim today was to pick a horse to lay to the tune of £50.

My bank at the start of the day was £441, I backed the first winner at Newcastle, the gambled on alston horse but only had pennies on, mistake number one, as I usually like to follow his yard, so should have had a decent bet onI then proceeded to do a stupid lay and lost to the tune of £245, I made the mistake of not backing to lay, and covering the loss, I then went against all my instincts and had £100 on the nose trying to chase and get the money back.

I then backed another few losers and ended up on the day with £39 in the bank, a harsh lesson earned, I am a total newbie at laying and I paid the price today.

I expect no sympathy

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Replies: 61
By:
yeahyeahwhatever
When: 26 Apr 10 20:55
and you won't get any on here!


but have a hug anyway :-)
By:
Orchardist
When: 26 Apr 10 20:56
I do sympathise - had a shocker as well today, got everything wrong
By:
The Optician
When: 26 Apr 10 20:56
why not bet the £39?
By:
drago
When: 26 Apr 10 20:56
you learn by your mistakes....it's priceless!
By:
edwinchester
When: 26 Apr 10 20:57
Oh and I ddn't back the second alston winner

I am still shaking with shock
By:
sweetchildofmine
When: 26 Apr 10 20:57
edwin you fishing again? total newbie at laying..here since 2003?
By:
Win only - Sp only
When: 26 Apr 10 20:57
we have all done it mate. learn from it (says me who still does it :( )
By:
johnn
When: 26 Apr 10 20:57
You shouldn't be laying one to lose 60% of your bank. Get a grip.
By:
edwinchester
When: 26 Apr 10 20:58
The Optician, I know thats what you feel like, you feel like just throwing the lot on a total ranker to try and win it all back, its a surreal feeling
By:
hearts1874
When: 26 Apr 10 20:58
The Optician 26 Apr 20:56


why not bet the £39?


HAHA
By:
The Optician
When: 26 Apr 10 20:58
exactly johnn, you should lay it to lose 100% ffs. no point messing around.
By:
OVERSEAS
When: 26 Apr 10 20:59
thats the issue, bank management..regroup..build the bank and keep to within 5-10% of bank when playing..GL
By:
edwinchester
When: 26 Apr 10 21:00
Here since 2003? Blimey as long as that? just normally bet to win, only just started laying as I know fook all about it, and still don't I'm a small time £5 win and place merchant, not a big player normally. like I said totally lost it today
By:
kauto_kauto
When: 26 Apr 10 21:00
its all about learning from your mistakes, everyone has made the sort of errors you did today. its up you you if you learn from it and not chase and lose your discipline like this again.

thats what i think sets the good trader and the losssers on here.


good luck for the future.
By:
infomaniac
When: 26 Apr 10 21:01
I wish I'd only loosed 400 quid :_|
By:
The Optician
When: 26 Apr 10 21:01
hover above peoples username tells you when you joined edwinchester.
By:
sweetchildofmine
When: 26 Apr 10 21:01
ok fair enough mate, and dont do anything rash, just take it steady and rebuild slowly using 2/3 pound lays
By:
edwinchester
When: 26 Apr 10 21:02
The Optician, just noticed that, but I'm not hiding anything mate, just wanted to get it off my chest, I even missed the cat when I went home to kick it

Do I need www.gambleaware.com?
By:
sweetchildofmine
When: 26 Apr 10 21:03
because of one bad day? no..unless this is just the latest in a series of debacles
By:
hearts1874
When: 26 Apr 10 21:04
has anyone ever contacted gamble aware?? u see all the leaflets in the bookies with dust gathering on them , i dont know anyone who has!
By:
OVERSEAS
When: 26 Apr 10 21:05
try and relax....regroup and build slowly....I have dropped 40K since xmas, so try and not be down...
By:
Cezman
When: 26 Apr 10 21:05
i have been on their site hearts, didnt grab my attention tho and left
By:
plasticpaddy
When: 26 Apr 10 21:06
chin up ed. EVERYONE has a day like this. If they say they haven't, they have a foot long nose!!!
By:
hearts1874
When: 26 Apr 10 21:07
Cezman 26 Apr 21:05


i have been on their site hearts, didnt grab my attention tho and left

lol


good day today cezman?
By:
edwinchester
When: 26 Apr 10 21:07
OVERSEAS yes thats the plan I'm determined to build that 39.20 back up, I will never do that again
By:
CJ
When: 26 Apr 10 21:09
I've had two big losing days this month laying, it happens. Learn from it, and come back stronger. gl
By:
sweetchildofmine
When: 26 Apr 10 21:11
edwin the fact you still have 39 pounds in your account is your saving grace...a real compulsive would have a zero balance having chased his self into oblivion
By:
Broomwagon
When: 26 Apr 10 21:26
If you have built up a reasonable bank over a period of time since last deposit/ withdraw then in one day because of one early mistake lose a significant chunk of it, the gut reaction is to chase and get that period of work time profit back. You can lose a weeks profit with a single mistake on a big liability hence try to keeps low liability i.e. 3/1 and under with only max 10% outlay on any one bet.
Think youll find most of us have done it and try to learn from it.
By:
Celtic Son
When: 26 Apr 10 21:43
Hi, I'm Ed Winchester !
By:
jbarnes (no not him)
When: 26 Apr 10 21:43
another shocker here

the chasing demons appear to have grabbed me again from nowere
By:
tonycoppen.
When: 26 Apr 10 21:48
would reload and play Penn and Mountaineer............then you can say completely lost your discipline - sound quite sensible in reality
By:
jbarnes (no not him)
When: 26 Apr 10 21:49
snap tony

seem quite cool to me well done for not doing the lot
By:
Glasgow Brian
When: 26 Apr 10 21:57
lay to lose 1% of bank or 3% at the most - you are a reckless monkey
By:
ELG
When: 26 Apr 10 22:01
make it back on the virtuals.
By:
_albuhera_
When: 26 Apr 10 22:04
Deal or no Deal imo
By:
Glasgow Brian
When: 26 Apr 10 22:05
Edwin - tbh mate , you will always have terrible days with that kamikaze approach - what you are doing is IMPOSSIBLE long term
By:
kohaku
When: 26 Apr 10 22:08
I lost £20 last week,Ive only just about got over it.
By:
rooster
When: 26 Apr 10 22:09
...
By:
Bamboo
When: 26 Apr 10 22:13
Orchardist 26 Apr 20:56
I do sympathise - had a shocker as well today, got everything wrong

infomaniac 26 Apr 21:01
I wish I'd only loosed 400 quid :_|


:^0 Mug Punters :^0
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