I wrote last week about how we should be betting over the festival in terms of keeping our betting banks safe and how to work out our stakes. If you missed that article you can read that here.
So within a few hours of this article being published it will be day two of Cheltenham and hopefully you’ll be in profit after the first day. My point to open up today’s article is that I’ve had some shocking festivals where I’ve not found a single winner and lost the whole of my betting bank. It does happen and that is the nature of the game unfortunately but how is it every year we still get that excitement and determination to have a good week even if we failed miserably the previous year?
It’s like when you got a new exercise book as a kid at school. You would vow to write neatly in it and look after it the minute it’s in your hand. After 2 pages the writing turns a bit scruffy and before you know it your new book is looking a bit tatty and well worn and you’ve lost interest as the novelty of that new book has worn off. It’s the same as a festival. It’s a new project. You’ve been looking forward to it and up until 1.30 on the Tuesday it’s an unblemished exercise book. The problem of course is that with so much racing on offer the new book soon gets beyond it’s second page and things start to look a bit scruffy.
A somewhat mundane analogy but you see my point which is why I suggest approaching the festival with a slightly different mentality. Take each day as it comes.
Last week I spoke about managing our bank, well divide this into days as well and treat each one separately. If you have a bad day today then treat tomorrow as a different day all together and try to face each one with the enthusiasm you get on the first day. You’ll also, by adopting a fresh attitude each day stop yourself from chasing your losses.
So before I go here’s a look at what you need to be doing as of this afternoon.
Split your bank into how many races you’ll be betting in (this bank should be separate from your normal betting bank and of course only what you can afford to lose)
Treat each day separately so that if the previous day was bad you at least are not chasing your losses. Tally up your profit/loss at the end of the four days.
That’s it. Let’s hope we all have a good one and kick those bookies where it hurts!
I’ll be back next week with more idea’s about your betting but until then have a cracking festival and have a great week.