Sunday, 31 July 2011

End of July Update

Think it's safe to say that July wasn't a good month for me with a loss of £1,289.22 having occurred. Took a step back this week and placed only a few bets during the entire week, which felt very strange I must admit after doing something betting-related for at least some part of each day for the past three years or so.

Sometime to step back and reflect is always healthy I find. On reflection I've pretty much messed up big style and in hindsight I was incredibly naive in some of my staking plans and because of the systems not working out as planned a lost discipline in other areas. Now I find myself in a big hole and at rather big bet loss from betting adventures. It's easy to go back in hindsight and say this went wrong, that went wrong, ect. But the real thing I hopefully take out of this experience is that you do need a proper staking plan and you need to stick to it. Funnily enough I think I keep brilliant records, the majority of the bets I've ever placed are record on a excel sheet somewhere.

Yes my staking plans maybe where to aggressive but it also must be said my bets and systems have performed poorly in general this year. Regardless of staking plan if you don't have an edge you won't make a profit. So far this year I haven't had edge even if you remove all the silly mistakes I've made I still reckon I'd still have a big red figure for the year.

Sort of feels like going back to square one again, my stakes are really low and having played with higher ones during the course of this year. Funnily enough whatever gambling environment it might be I always feel more comfortable with smaller stakes I seem to trade better with smaller stakes and systems I start with small stakes tend to go well. Problem seems to come when a scale up. Don't know if it's a psychological thing or maybe just an unlucky coincidence.

I have considered just packing in my life as a gambler altogether and just admitting defeat. But I still think I have the potential to make this work long-term, it might be a naive belief going off my past record of ill discipline. But hopefully I've turned the corner or at least something as finally clicked. My betting bank is diminished now and I think this is my one last crack at glory if this betting bank I set aside two years back ends up empty I'll finally call it a day.

Oh yeah eventful stuff at the cricket today with the Ian Bell run out/ not run out debate. The Sky Sports crew turned into investigators for the day. Was also a great day's cricket in general a bit of controversy always adds a little entertainment though. Looking forward to the final two days.

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