All

I think I might be talking for a lot of you out there when I say........

"Had I stuck to my alloted bets for today I would be in front......",

..........but of course you start having a look at every other race and with the new found profit to try and compound the profit result for the day.........and you end up eroding the bank and waste all the good work done by Mav, Sportz, Will, XPT etc......... and yourself......

I have read in other threads and know that Kenchar has the discipline and Mark also has learned.......

How do you stop from looking outside your allocted bets......... I still profit from the punt, but still cave in a little to easily and dip out of my "For Fun bank" and in to my "Serious Bank"....

....any suggestions... other than "Toughen Up" !! lol !

Yours in Punting

Stix

Hey Stix...have the same problem....

Discipline and cutting down the bets if you are ahead early or walking away...

Cutting bets to a minimum and if there is a run of losses then again walk away early (maybe have a set max loss ratio...) but hey, Im the last to talk...starting to get on top of it but still could have walked away today with a better % profit...

Good luck mate!!

Why stop? The only time you need to stop is if you have no advantage.

There is nothing to suggest that because you have had a good run, that it will suddenly turn bad... Same goes for the opposite.

There was a similar thread a couple of months ago, and people were basically split on the idea.

My question is what is the limit? If you are $500 at some stage of the day, why stop? What is the difference between betting on the next race and waiting 3 weeks to have your next bet?
At some stage if you are going to have another bet, you will be risking some of that money.

I bet to a system, and as long as the bank continues to spiral upwards, I could care less about the end of days profits...

If you have faith in your selections and strategy and believe in its long term success, then I believe there is no argument to suggest that you will be financially better off stopping.

Sure sometimes, you might have had enough for the day. You figure you are up, so yeah turn off the radio, turn away and go and do something else.
But at the same time, I would suggest to do the same regardless of your position at any time of the day. If you need a break, have one.

Just remember, it is the long term success of your punting that matters, not day to day.

Some sense in what BJ is saying Stix.

Losing is what deters me from having "another" go. I only bet if i am happy with my selections which i have decided upon before i get to TAB or log in etc. I place the bets and leave - get as far away as possible if needs be. If you're sitting around bored and having a punt for the sake of something to do then you have to make sure the temptation is not within reach. Losing and feeling like a jackass does it for me cos i really hate losing!

If your system selections are getting beaten then that's par for the course. If it's out of boredom and you're looking to find the winner in each race then get far away from all betting outlests as quick as you can. Otherwise you'll learn the hard way like me!

__________________
I like Bing Lee.

BJ, you are right when you say that it shouldnt make any difference if your next bet is the next race or another three weeks later, however speaking from personal experience my profit margin (if there is one) always deteriorates asthe day goes by. The reason I put it down to is that my concentration levels probably deteriorate as the day goes by and therefore I am more succeptible to making bad decisions. If I was following a system then it obviously would not make a difference, however if you are looking at things on a race by race basis, then I think people lose concentration as time goes by, in my opinion.

I think where BJ's theory collapses is, there is not a standout selection in each race, maybe 1, 2, or 3 a day if your lucky so if your punting on races your not AS confident in, your profit (if any) from these races will most likely be less then that of your special selections. I do however agree that punting is one continuess program and if you have a valid selection you shouldn't dismiss it because you've already won or lost on that particular day. But Stix has a valid point it is very difficult to combat the urge to get on something you remember from somewhere just for interest. I can't profess to you how to dismiss this urge as i am no hypocrite. However the best advice i can give is try and minimalise the value of these bets as much as possible, nothing worse then having $100 on a $4.00 pop you thought was a good thing, then with the winnings having $100 on an odds on pop you are a bit iffy on.

Stix,

When we have a good run we feel "invincible".......but!.....guess what?......we aren't. We punters are only as good as our last bet and we fall into the bad habits which we thought we had left behind.
I bet every day and usually have the self discipline to stop once I have achieved my target for the day.
However, there are times that I "give it all back" after being in front earlier in the day. This feeling of invincibility is sometimes fueled by Dr Tooheys in premature celebratory euphoria.
Don't forget that some of the most prolific punters that Australia has known have also fallen to having that one bet too many. The inimitable Don Scott who actually retired from the punt and pursued other paths ended up "doing the lot."

Cheers.

Thnx Guys....

But I guess what I'm trying to say is not to stop betting for 2 days or 1 week or 3 weeks or when you have a "run of outs".... but when you have your targeted bets and have a profit and then just start having a "crack" at races/horses/meetings where you have not done any form/analysis and have a go and eat into your daily profit...

......i.e. I punt mainly on Melbourne, because thats where I am and have access to most of the information I use and only usually ever bet elsewhere when "the boys" (Mav, Sportz, XPT, Will, Mr Ed, Desi, Raw,.... you know who you are!) post something of interest on this forum........

.....But, you get a profit from your "confident" bets and then start looking at Upper Combucta West, where there is very limited form and quite honestly, you're just as well of as throwing a dart at the dart board...... and slowly, but surely you sart eating into your daily profit.....

.... I try and have a "Confident" Bank and a "For Fun Bank", but sometimes the line between the two is blurred by the lure of "more money"..... Just disipline to stick ONLY WITH YOU PRE-DETERMINED BETS is the ONLY ANSWER...... look I struggle with sticking to the shopping list...... so it's no supprise I guess !!!.... lol !

Just wondering if people have the same battle and if reformed...... what was the strategy..... I'd just like to keep a little more to keep the little lady happy...

Yours In Punting

Stix

(Now for a look at today's racing........Giddy Up)