Losing Streaks - how do you handle

T

Tiny Clanger

At the Start
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Jan 23, 2012
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Absolutely abysmal Epsom for me, not a single winner there, worse still was betting a few EW most of those were 4th, doubling the losses. Nearest thing to a winner today was Sur Empire at Muss, looked to be winning but touched off by a nose. Even a cliff horse Woody Bay came in today but for some reason instead of the usual £50 EW like last cpl of times I only had a £5 double on it from this morning with a horse that was withdrawn so ended up pocketing more or less only the single at 12/1 ! Touched off in a 90/1 double last week by a horse called Krystal Hart, so I back it tonight in an amateurs with Simon Walker on it and it get's f****ing nowhere - that just galls me as much

Disastrous 2 weeks, feel a bit shitty, good job the other half never asks how much - it's nothing I can't afford to lose, I'm not that bad !

Need to take a break from it till RA a cpl of weeks away - what's your therapy for these situations ?
 
Tiny Clanger said:
Need to take a break from it till RA a cpl of weeks away - what's your therapy for these situations ?
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taking a break usually works for me. Or smashing the tv. Was ready to have a contract taken out on Colm O'Donoghue yesterday after costing me a fortune. Took Dolniya at 5's to win the Coronation Cup after the Sheema Classic......... I'm feeling your pain.
 
Had Jack Hobbs at 66/1-watched him go 1.26 without laying a penny off-backed 2 horses tonight both went long odds on in running but didn't win.
Was seriously tempted to lay Pharoahs Return for a months salary but I've poured myself a drink for the first time in 8 weeks and decided to forget about it until Ascot.
 
Watching the Derby today was the most I have wanted a horse to win since Sizing Europe in the Champion Hurdle.
 
I've always used a in-running lays system to minimize losses. Off course you need to be on a trier for these to work although I use them with every bet. Layed all my jack Hobbs bet off before the Dante at around 8.
 
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Just carry on. Don't increase or decrease stakes, don't have more or fewer bets, don't change your methods.

It's like if you buy a share and it drops 10% on the first day. The reasons you bought it are still sound, so just hold on.


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Losing streaks have been many and lengthy for me but have to agree with BennyB that just carrying on works. I do try and think a bit about what's going wrong and it's invariably laziness in my case.


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My mate has been messing about with multi dutching and has got me involved.

On the plus side you can go 5-10-15 winning bets on the trot and you don't get long losing streaks.

On the downside you don't need many losing bets to undo all your winning streaks that are usually anything between 1.15 to 1.4 having backed several horses in the same race.
An example take the 3.20 at Perth if you back the first 6 in the betting your odds are 1.26 so you need 5 races like that to come up for you to come out in front
10 winning bets followed by 2 losing bets and you are back to square one or worse.

What you have to have is discipline and not try and recoup losses quickly by taking chances and that is what I have been trying to tell my friend who asks me how come you are winning and I am not....He does the same thing every time he losses......changes stake, tries to bet single win bets to get back loses in one go etc etc.

He's also very unlucky LOL he backed the 2 favourites in the first 3 races at Epsom yesterday in a dutching accumulator with the Gosden Pair in the Derby on the machine and the easiest looking leg is the one that let him down.........when Hannon's horse stuffed the 2 French hot pots.

No doubt about it when something like that happens or the frigging outsider of the field wins the Oaks and you have backed the 2nd and 3rd it plays tricks on the punters mind and you start taking chances

I think if something works for you you don't change a thing and that is where people go wrong.

They can't seem to accept that is you win 100 and lose 80 that they are winning and they end up going off the rails and losing another 80

That said I don't always stick to these rules myself.....if I had I have no doubts I would be a lot wealthier than I am but it's all fun at the end of the day.

Learn to take losing streaks on the chin and don't let them rule your head and you will soon get back to winning ways.
 
BennyB said:
Just carry on. Don't increase or decrease stakes, don't have more or fewer bets, don't change your methods.

It's like if you buy a share and it drops 10% on the first day. The reasons you bought it are still sound, so just hold on.


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It all depends on how sound your methods are in the first place though( I'm speaking in general terms here)
If bad bets are being struck carrying on regardless won't help.
Your point is a good one though, A double digit priced winner off my notebookers went unbacked this week because I had been having less bets.
 
jarv said:
I've always used a in-running lays system to minimize losses. Off course you need to be on a trier for these to work although I use them with every bet. Layed all my jack Hobbs bet off before the Dante at around 8.
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It doesn't minimise losses it erodes your profits.
 
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BennyB said:
Just carry on. Don't increase or decrease stakes, don't have more or fewer bets, don't change your methods.

It's like if you buy a share and it drops 10% on the first day. The reasons you bought it are still sound, so just hold on.
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That assumes that his strategy was a winning one to start with which we don't know. If it isn't than continuing is bad advice.
 
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Yeah, Benny is spot on - although I find it hard not to decrease my stake.

I know where my strengths are as a better, meaning the price range I tend to do best at, and I just carry on until it turns round.
 
SlimChance said:
That assumes that his strategy was a winning one to start with which we don't know. If it isn't than continuing is bad advice.
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I've assumed he is a winning punter overall. Otherwise yes, either find new methods or give up!


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Tanlic said:
My mate has been messing about with multi dutching and has got me involved.

On the plus side you can go 5-10-15 winning bets on the trot and you don't get long losing streaks.

On the downside you don't need many losing bets to undo all your winning streaks that are usually anything between 1.15 to 1.4 having backed several horses in the same race.
An example take the 3.20 at Perth if you back the first 6 in the betting your odds are 1.26 so you need 5 races like that to come up for you to come out in front
10 winning bets followed by 2 losing bets and you are back to square one or worse.

What you have to have is discipline and not try and recoup losses quickly by taking chances and that is what I have been trying to tell my friend who asks me how come you are winning and I am not....He does the same thing every time he losses......changes stake, tries to bet single win bets to get back loses in one go etc etc.

He's also very unlucky LOL he backed the 2 favourites in the first 3 races at Epsom yesterday in a dutching accumulator with the Gosden Pair in the Derby on the machine and the easiest looking leg is the one that let him down.........when Hannon's horse stuffed the 2 French hot pots.

No doubt about it when something like that happens or the frigging outsider of the field wins the Oaks and you have backed the 2nd and 3rd it plays tricks on the punters mind and you start taking chances

I think if something works for you you don't change a thing and that is where people go wrong.

They can't seem to accept that is you win 100 and lose 80 that they are winning and they end up going off the rails and losing another 80

That said I don't always stick to these rules myself.....if I had I have no doubts I would be a lot wealthier than I am but it's all fun at the end of the day.

Learn to take losing streaks on the chin and don't let them rule your head and you will soon get back to winning ways.
Click to expand...

Its a system that means the agony of losing will never be evened out by the winning races. Is he sadistic? There are so many better ways to use your money.
 
LUKE said:
Had Jack Hobbs at 66/1-watched him go 1.26 without laying a penny off-backed 2 horses tonight both went long odds on in running but didn't win.
Was seriously tempted to lay Pharoahs Return for a months salary but I've poured myself a drink for the first time in 8 weeks and decided to forget about it until Ascot.
Click to expand...

I did the same with Don't Push It .was going to hit the button 4 times but never...........so unlike you I was lucky.

So me criticizing you is like the pot calling the kettle black but when you secure odds like that and don't take at least your stake with a bit on top you are either stinking rich or you you need to be taken out and shot.........shall I have the troops load their rifles?:lol:
 
I had £100 @ 50/1 Jack Hobbs. In theory the bet was worth about €1300 at the off. I wouldn't dream of cashing any part of it in.
 
Had 50 on Jack Hobbs at 66/1-I consistently lay off during races and my theoretical plan for the Derby was 900 at 2.02,900 at 1.37 and 900 at 1.07.For whatever reason I didn't do it.I can afford to be philosophical in this case because firstly it was a conscious decision and secondly I wanted to lay American Pharoah for the lot.
 
Well decided to ease off quite a bit, exercise some discipline - instead of many doubles n singles only 1 yankee & 2 singles today - half a happy ending the 2 Jim Goldie singles came in 15/1 (funding Defeicit) & 17/2 Tiger Jim) giving me half my losses for the last two weeks back ! No bets tomorrow
 
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