There is currently 1 person viewing this thread.
Hi guys, This seems to be something that i am currently very very poor at. It is the main thing within something in betting on something like betfair.
I was wondering if anyone had any decent tips on bankroll management.
I seem to make money, then lose a bet. Then end up betting on stuff to make my money back, i know the answer is within itself but its harder than it sounds....?
Thanks, Fullflush.
I was wondering if anyone had any decent tips on bankroll management.
I seem to make money, then lose a bet. Then end up betting on stuff to make my money back, i know the answer is within itself but its harder than it sounds....?
Thanks, Fullflush.
sort by:
Show
per page
Replies: 102
|
By:
sounds more like a discipline angle than a bank roll won
|
|
By:
isn't that chasing
|
|
By:
Separate racing bank, 50 times your level stake units..
|
|
By:
You mean separate from the chasing bank?
|
|
By:
Two tips.
Firstly, the money you use for betting must have zero utiity in everyday life. Keep it separate, let it stand or fall on your ability to win, but never never think "if this wins Ill treat myself". Secondly, the hard work is in finding that winner, let that be the quest and don't get embroiled in how much to have on. It detracts from the pleasure when you think you've underbet a winner and adds to the aony when you've overbet a loser. Make life easire for yourself - a bet is a bet is a bet - level stakes EVERY TIME. |
|
By:
Firstly, the money you use for betting must have zero utiity in everyday life.
don't encourage the money launderers imo |
|
By:
steer forth
Isn't that what I posted ? |
|
By:
ok so u start with lets say £100 you are laying , after 6 successful lays you now have £160 your next lay wins you are now on £110, even though you are still up £10 in your mind you have just lost £50 your head blows off you do a lay you never normally would cos your chasing and its a shorty which invaribly wins you now have £8 left, the trick is to go make a cup of tea after the 1st lost calm down and start again , there u go ive solved the prob of chasing
 |
|
By:
All those who suffer from this are still emotionally immature. Those who A) Haven't fully accepted the risk of losing. B) Have unrealistic expectations where chance is concerned. Emotionally mature punters are able to see the bigger picture and are therefore unaffected by any individual/short-term series of results. Studies have suggested that losing bets have at least twice as great an impact(
 ) over winning bets(  ) The only way that is possible is if your weight of expectation is grossly loaded in favour of the +side. To an extent, that is understandable coming from naive, inexperienced punters who happen to be relatively new to the game. But to any experienced, seasoned punter, it becomes inexcusable not to learn off past mistakes. Once you understand you're not entitled to win any bet. Once you're not ignorant enough to treat the market like it's one big fool. Once you understand that having probability in your favour is not a guarantee to win on command,, there's little excuses left. Overestimation is a huge problem for so many ignorant punters. The type that are backing 7/1 shots and actually expecting them to win like 1/2 shots. I watched a moron a couple of day ago, a horse had been gambled from 11/1 down to 7/1, he didn't hesitate to whack £50 on it..and after watching it run a stinker and be completely tailed off, he was ranting and raving while chucking bookie pens all over the place..furiously demanding to know how so much money could be on a horse and yet he didn't even "get a run for his money". Moronic behaviour which suggests he hadn't fully accepted it was entirely possible for that horse to run as bad(note A and B). Fully accepting the brutal uncertainty of any wager placed in any game of chance(let alone one with a ton of variables) is the only way you'll rid yourself of continual upsets/mistakes. That, combined with consistent application toward your edge(proven, long-term) is key to fulfilling your investment potential. |
|
By:
and then there are the 1/2 shots supposed to win and for what reason don't-- that is against you as well.
|
|
By:
fantastic piece prosniper,how many people will this go right over there head.
|
|
By:
michael59 02 Jan 17 01:48
ok so u start with lets say £100 you are laying , after 6 successful lays you now have £160 your next lay wins you are now on £110, even though you are still up £10 in your mind you have just lost £50 your head blows off you do a lay you never normally would cos your chasing and its a shorty which invaribly wins you now have £8 left, the trick is to go make a cup of tea after the 1st lost calm down and start again , there u go ive solved the prob of chasing If you are laying or backing to lose a third of your bank in a single bet there is only one way it will end up. |
|
By:
Get the right prices and the winners will take care of themselves (LONGTERM).
|
|
By:
So many fail to understand the above Magic.
many think its all about selection and nothing to do with price naysayers will state it doesnt matter what price you get if your backing winners/laying losers which is totally untrue Would you bet heads on a coin toss @ 4/5 of course not but would take 5/4 all day |
|
By:
The trouble is some would take 4/6 on heads if tails came up 4 times on the bounce before!
|
|
By:
I expect my 7/1 bets to win 25% of the time.
|
|
By:
bullsh1t
|
|
By:
an that's a fact
|
|
By:
if you pick your bets the day before, then come the day of the race win or lose, you dont bet on the other races that day, completely cuts out
any desire to chase any losing bets, there you have discipline in a nutshell. |
|
By:
Facts' little green light has gone out which means he's logged off. Based on his comment below I'm sure he'll return to this thread at a later date and clear up stridingedge's query.
Facts 20 Jun 16 23:04 I can guarantee you that I win more than you do in the long term bigmart. I have records that show my bets, and all the returns from them.  |
|
By:
If you're going to bet, then always bet WELL beyond your means, that way, when you win, you win BIG and it really means something.
|
|
By:
top2rated
someone could of course hit this rate in the short run (in terms of selections not time of course) but expecting to hit double the expected rate for them odds is as crzy a notion as you'll see on here today. an excel sheet won't cut it for me either i'm afraid. put it this way after 200 selections what price would you give anyone to hit 50 7/1 winners ??? |
|
By:
^^ And a 100% roi. Nice
|
|
By:
Find Mart as he had this sussed, Small bets on the loosers, Big bets on the winners
|
|
By:
I think he made a careless arithmetic error
|
|
By:
"and then there are the 1/2 shots supposed to win and for what reason don't-- that is against you as well."
What is so special about 1/2 shots? other than the fact the market has concluded its chance of winning to be 2 times greater than its loss. If I put you in front of 3 doors and force you to open one...behind 2 of them stand sexy French pole dancers waiting to give you the wOrks..while the other lies a nasty bear waiting to tear your limbs off.....the chance is greater that you'll be having a good time with a dancer..but the chance of becoming bear food is hardly "implausible". Of course, when you're backing 1/2 shots you're of the belief(or at least should be) that the implied chance is wrong, but how wrong can it truly be? when we know that by&large the market is fairly efficient. This is where overestimation rears its head..with many believing the market is stupid enough to present them with a constant stream of 1/2 shots that should be 1/10 shots. Or 7/1 shots that should be 3/1 shots. Eh, Facts?  |
|
By:
will always remember the guy morning -line who won scoop 6
his heinz & e/w accum would of made him rich but he never did it that day  he was nearly in tears scoop 6 return was about 20% of the bet |
|
By:
Facts is always good for a laugh!
|
|
By:
|
|
By:
I think that the OP wants a staking plan to stick to.
|
|
By:
*sorry, that's for 6/1 shots
7/1 shots is over 2,000,000/1 |
|
By:
Last 8 years
Class 1 and 2 Handicaps Total Selections 1203 Wins 339 Ratio 35.5 % Total SP 2223 Average. SP. 6.58 ( 13/2) |
|
By:
Sorry , % wins should read 28.2%
|
|
By:
facts
can you copy and paste the odds of all 1203 selections thanks |
|
By:
|
|
By:
thought so
there aren't any selections, just a load of bollox that you've made up |
|
By:
1 in 3 a 7/1 winner?
show us how you do it tues/weds ta |
|
By:
Sorry, but I'm not going to go through three A5 books, taking photos of every page.
|
|
By:
page 1,73,246 will do
|