Thanks Rainlover. Yes I agree with that one as well - in my opinion a "loss chasing plan" is really a "Loss Making Plan" - chasing your losses will break your bank sooner or later.

On your other point I only bet on-line and I always try to stick to my plan but I agree that it doesn't really seem like real money sometimes. I know last week I was down about $500 at one point but stuck to the plan and ended the week ahead - I don't know whether I would be able to do that if I was handing over real money to a bookie each time I placed a bet! If you're trying to make money punting you really have to try to treat it like a business and remove as much emotion as possible otherwise I find you become too cautious if you are losing or too reckless if you are winning and both of these can cost you money!

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