bullet32

Yes when to stop. I've wondered about the management of streaks for some time. I think streaks make and break punters. It's sort of like the wave you surf on any race day.

What I found helped me was to find my strike rate over a long series of bets. When I found that out (based on a history of bets and results from a method or approach I use) then I used the site below.

http://mailer.today.com.au/fairfax/users/sidsid

This site was offered before by someone else on this post. It's very useful once you know your strike rate. Put the percentage strike rate in and click to see what to expect. Then it's easy to have an idea when the red line has come.

Say for a 30% strike rate method or approach, it's going to be rare to go beyond 6 or 7 losses in a row. It does happen as the simulator shows, but it's a freak streak. Reaching that sequence of losses would tell me it's time to stop.

Some others on this post say it's not worth stopping as the streak will restart again when you start betting the next day. All you are doing is delaying the eventual outcome.

I think not. And that's because I account for the bets I don't bet on as part of my betting sequence. Say you did reach 6 bets and didn't find a winner. Then you have a choice to bet on the 7th or stop there and watch what happens. Ok sometimes you let the cat out of the bag and it wins. And sometimes laying that bet meant saving money and that means you are going the right direction.

I have a saying, "We know that passing up races requires some discipline and "inner strength" but a race passed can be equivalent to a winning bet."

Say I hit a 7 bet streak. Would I bet on the next one? Would I sit it out?

There's another element to this situation. ME. I find if I am busting for a result I'll go ahead and blunder. If I focus on a longer term view and think, ok it's not happening right now, or maybe in the next hour, but that doesn't mean I have to get a result in the next hour.

Delaying my gratification for a result has often helped me get on top of the situation than heading down that chasing the loss feeling. Just by getting my cool back. I think it's part of the whole game of punting.

Of course as wool43 has said quite clearly if you change your methods half way through the sequence, well you've added to your woes.

Anyone else care to make a comment?