9th December 2008, 08:29 AM
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Suspended.
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Join Date: Jan 1970
Location: gippsland lakes/vic
Posts: 5,104
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Quote:
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Originally Posted by thorns
What are peoples thoughts on quitting for the day oncce you are ahead? I am currently testing a method over the past few months and am considering this approach. It is reasonably high turnover and is showing a healthy return on both the place and win, however it is a time consuming method which requires watching totes all day and betting as late as possible, which seeing as my student days are about to end is not realistic. So the thought of stopping for the day once a certain target has been reached is appealing so that I dont have to sit in front of the computer all day. I remember an old member on these forums who had that approach of getting his one unit of profit and quitting for the day, or if he went three units down for the day quitting, and to be honest that idea has always appealed to me.
So what are peoples thoughts on teh idea, and wether its a good strategy, or a bad strategy.
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Races are not connected, but emotionally a lot of punters act as if they are.
If sticking to a well considered betting plan like % of bank per bet etc. there is no reason to bail out unless a punter starts chasing loses with irrational betting or hasty selections on the run. Sound reasoning suggests selections and bets should be pre-planed for the day as best as possible and win or lose the plan should be followed through. The plan should also include betting decisions [bet or no bet] to cover any change of track conditions or poor odds.
In my view, a decision to abandon betting based on reaching a small profit at some point in the day [if it happens at all], is abandoning a planed rational approach to punting. Of course abandoning betting at the first bit of profit could be the plan, but what I see wrong with it is that the punter doesn't stop while losing [stopping after say 3 loses makes no sense as the 4th bet might be a winner and/or the next days 1st. bet is just the next bet anyway], which can obviously lead to big loses and tiny profits :-)
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