One of the hardest things to deal with in betting is the losing streaks. Sometimes, they seem to go on forever and we quit before the winning streak occurs. For those of us that continue, the winners start to come, our mood changes for the better and the money starts to come in. However, are we in profit?
I’ve covered this before about keeping records and it’s one of the most important things we can do.
When I started out betting on the horses I used to just use the Postdata section of the Racing Post. When it won I was a genius and when it lost it was all the fault of “that bloody newspaper!”
When I eventually went pro the hardest thing to do was to accept that I would have losing streaks. It all boiled down to the fact that when I was losing it wasn’t my fault and when I was winning, I was a genius. Of course, this wasn’t the case. I needed to understand that my betting was always going to have these downward trends.
You have to realise that there are so many variables when selecting your winners that when you get it right those variables have been relevant but when it loses they haven’t. To make things harder no one will ever know which variables are relevant before the race!
However, by keeping records we can start to go through some of the variables and look at anything that is familiar. You need to look at the odds. Are our winners coming from the top end of the market? Are the losers occurring because of a change in the going after we’ve done our analysis?
By looking through some of these variables, we can hopefully start to see where we might be going wrong and what we can do to change the way we select our horses.
Next week, I will be looking at giving you a free calculator that allows you to analyse your data and look at familiar patterns that will enhance your betting and show you how to focus on more winners.
In the meantime, take a look at this article I wrote about dealing with losing streak and a nifty calculator that allows you to work out the best bank to deal with losing streaks –