UB - Dealing with Losses
 

I thought this might be a good thing to write up just now as many people are unable to deal with losses.

I am definitely one person who doesn't like losing too often and right now I am on a 14K drawdown mainly due to a significant spike in some dogs winning at long odds.

My last 4 days have been -3871.73, -5276.23, -1118.3, -3802.43.
That is a total loss of -14068.69

The funny thing is I am actually handing this run of losses particularly well. So how am I dealing with it?

1. I know I have an edge as I have learnt this over several years that I am a winning punter. So I know the winning edge will return.
2. I looked at each of the losing days for any anomalies and assessed the systems which were losing. Its all within the expected randomness of results so I know this is just a short term swing right now. I intend to do more thorough analysis today.
3. Its only 4 units of losses for me. My standard bet now is $3500 so its not a big losing run.
4. I won $30K last month and I know that whenever you have a run of that sort of profits in a month then its likely to swing the other way sooner than later. I have kept profits around in the account to be able to handle this losing run.
5. I have faith I know what I am doing. Self belief and confidence is a big factor when it comes down to handling losses well.
6. The amount I am losing is still insignificant to the winnings so the short term variation is expected.


Now even though I am handling it well emotionally I still hate the loss. It is driving me to find more markets to diversify into so that my drawdowns in one market are offset by winnings in other markets. I am spending all of today working on looking at those losses to see if I can find improvements for my systems (or combination of systems) and also writing new programs to get new data to create new systems.

Losing is great motivation as the pain from it sucks and it makes me want to improve so it doesn't happen again. I use these losing runs to ensure I improve my programs and my profits in the long run. Going through these losses are the only way you learn where you have overreached, not analysed something correctly, or can be used to identify new filters to improve existing systems.

After 4 losing days I expect today should be profitable :)

Let us know how it goes today.

Here is one of the races I lost on the other day:

https://www.punters.com.au/news/gre....vision6.com.au

So far so good Shaun as I am up about 2K so far today but still 9 hours to go in the day :)

I had to laugh seeing the dog sprinting across the grass.

lol yep.

Ive had a few more losses today so the losing days continue. Gatton obviously was a loser and a big loss in the trots too. so definietly a losing day.

Perhaps tomorrow will fair better.

Was another loss yesterday. That takes the run of losing days to 5 and a loss total of 17K.

Its still within the expectation of the max draw down levels and the run of losing days but its getting close to those limits.

Lets see how today fares.

Great day yesterday.
MR7 of course helped.

Yes a few fancied runners got rolled.

I' m not surprised you won yesterday knowing your method. It would have been a very good day.

Finally had a winning day, although it was what I would consider a break even day as I only made $566. It didn't make much of a dent in the losses with again the greyhound systems putting in another losing day.

I generally lose 8-10 days a month. This month I have already lost 8 times so I am looking for that good run of wins to happen towards the end of this month. Its swings and roundabouts when betting but I am looking forward to a few winning days being strung together.