23rd June 2009, 06:57 PM
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Member
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Join Date: Apr 2009
Posts: 94
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Quote:
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Originally Posted by crash
A classical example of 'loss aversion' today. Zoe picks YASEYNITALL 27.30w r5 [?] at Kyneton [likes Linda Meech]. Halves her usual win bet because of the odds. Does the same on Sunday for a $21w and last week again on a $54 winner! I seem to be having a run of outs.
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Have to re-jig the level stakes betting. I have done the same thing with long odds picks. But when I bet a comfortable percentage of my bank, that "gulp!" feeling isn't there.
I don't seem to have a run of outs, I am having a run of outs! A bit of bad luck coupled with wet tracks has my strike rate plummetting these past 2 weeks. One out of 4 picks came home on the weekend and it nearly covered my losses. |