Massive Losses

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.