Tuesday 8 February 2011

£8.02

Oh my god, today I have suffered the biggest loss in a long time for me, it works out at about 58% of my bank gone, the story behind what happened- I opened a market on late with only 1 min to go before the off, I selected my £10 stake and decided to lay @ about 10's maybe higher and as soon as my lay went in the market plummeted down I back some of it to red up most of leaving a £20 red but if hedged I was facing about £1.50 loss at the time, why I couldn't accept it I don't know, was out of character for me and got annoyed with myself and the loss was growing and growing, I think to odds were down to about 4's and I decided to lay it again for few pound to let me green up sooner- once the odds went up, obviously it won and I lost about £30 and then I must of been in chasing mode as I lost again on the next two races to get my total for day to -£82.03.

So the where does the £8.02 come from- well that is my total profit for the last 30 days from betfair over 415 markets traded, bringing my average per race all the way down to 2p per race for the last month.

Pissed off, well not really I accept it, I know what I have done wrong and I will just try and put it on my 'not to do' list. But seriously I felt like I was half way up the mountain and now I am back at the bottom again, knowing full well it takes a long time to get up there, but I feel confident I can achieve it and look forward to tomorrow.

Good luck

Keep it green

6 comments:

  1. I empathise, done it dunno how many times, how did the price go from 10 to 4.0 in such a short time, were you in play ?

    So you always trade in play ?

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  2. Yes mate inplay is not the way to go, if your a pre race trader like I thought I was, but we can make it back, little and often from now on

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  3. Painful lesson I have been there many times. Things go well get complacent and then bang, all that hard work gone. Keep at it.

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  4. Yes Keith, always got to be on your guard, something I will have to learn

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