It has been a long time since I made a post on the blog, and there is a good reason for this. I think the title of the post probably gives it away! At the moment, I am sitting on a loss of approximately 80% of my betting bank. The amount of losses and the way it came all together has been depressing and gut wrenching to say the least. Everything I backed lost, and the lays just wouldn't stop winning. I think the saving grace has been the bank management I put in place at the start, and this is the only reason the bank has not been bankrupt yet! I have found that trying to make money has been very very hard, and I have tried to be unemotional but I'd be lying if I said that I hadn't been affected.
At this moment in time, I have had to assess and revamp the way that I bet. The solution I have come up with is based on a high strike rate, low odds and recalculated stakes approach for the foreseeable future. Whether this last ditch strategy works is a stab in the dark. If it does go according to plan, then it would take me at least 6 months to recoup the 80% of the bank that I have lost, and possibly even longer. At the moment, my confidence is shot to pieces, and I am trying my hardest to turn it around.
This period has been very hard, and I have learnt some hard lessons, but I am at that point where I feel like a wounded tiger just wanting to attack my bets and see if I can claw back my losses. This I recognise is dangerous and I am putting more pressure on my bank and selections, but I really can't see another way, and if I can claw back some losses within the next few months, I will be in a better position to re-evaluate my methods and processes.
Till then, Good Luck to all with your betting, and I'll try to post regularly to keep you updated.
Posts
1 day ago
5 comments:
Hi,
Sorry to read about your losses. Just get yourself sorted, take it steady and I'm sure you'll turn it round.
Good luck to you.
JP
I think you need to take a 'mind' vacation until the beginning of the year and start fresh. This is what I am doing on my blog
http;//thehitandrunpunter.blogspot.com
I am going to follow your blog and I wish you success. Check out my blog I have written a few articles that might help.
All the best
Hello!
Sorry to read about your losses. Maybe this info will help you to analize them deeper...
We made some kind of free stats for all BF traders/bettors. We strongly need for your comments, feedback, ideas for development etc.
We will make whatever you want.
Our website is: www.trackbets.info
For instance here're some reports I've made on my trading performance for several weeks:
http://trackbets.info/betstats/4/Pro/7/my-performance-preset/
Discussion is here:
http://www.racingtraders.com/forum/showthread.php?t=1001
I hope you will use our tool in your work.
Good Luck
Rotteborp
Hi,
I read your last post with interest as I can understand your thoughts regarding recent bets. There is no doubt that every gambler has good times and bad. To be honest, I think the only way you can consider the worth of a gambler is by the way they respond to very difficult periods when a string of losing bets truly tests your confidence and resolve. I have had a number of testing times but all I can say is that as long as you keep the faith and try and remain objective that things have a way of working themselves out. I have found that I learned some valuable lessons from difficult patches and long-term this experience will give you greater insight.
Best wishes,
J
Sorry to hear about your losses... Sports betting is not easy. I'm starting to keep my thoughts out at http://bettingblogger.com - shoot me a message when you get back into this!
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