dealing with losses

[neilb7]

Hi All,

being fairly new to the forum i was after some advice, i read all the pointers on Keiths site more than once before deciding to be more disciplined with my betting,my question is how do you deal with losses ?:omg:
it may sound a daft question, but i have been strict with my approach, ie no fun bets, 3% of bank and money i could afford to lose (i dont like to), however my bank has halved from what was a fairly decent amount using the system banker, do you just keep going ? is it just part of the territory, is it just bad luck where i started.:splapme.

thanks for any opinions

[Win2Win]

Every things hit a bump this month with the weather, I'm down about £30,000 this month but nothing to worry about :omg: :omg: :omg:

I just keep going, it all comes right in the end.

Trainers are creatures of habit and aim for certain races, however with the weather, many runners are in races they were not intended for, and that adds more randomness to the race. Plus training has been interrupted, only a minority have AW gallops.

We also seem to be going through the same as last year with odds on horse being turned over left, right, and center.....I've seen over 10 horses 1/3 or less lose this month, and the Fav SR is down as well :splapme

The weather looks to improve next week, but I'll being doing my naked voodoo dance to make sure :rolleyes:

For layers, banks can drop 80%.

[Win2Win]

It also depends when the starting point was, this run of form on the System Banker qualifiers is a small blip, for anyone who started 3 months ago it is taking all the profits, for those who started 3 weeks ago, the system is crap, I don't know what I'm doing, and they bugger off to the next site.....and so on till they snuff it....:)

[neilb7]

Thanks for the info Keith,
i fully intend to keep going, i have given up easily in the past and want to change that habit.:doh
i look forward to things changing and dont want to miss out on that:spinning

Cheers

[Win2Win]

I'll be updating most spreadsheets, and adding new ones, as well as new graphs over the next 2 weeks, so folk can compare things over time, and play about with the P/L.

[Laf]

As Keith has said it depends on your starting point. Just to give you an example of my own experience with the System Banker. I started this at the beginning of November 2008 with a bank of €200 and was betting 3% on each selection recalculating stakes daily. At the end of December my bank stood at €735. Since the start of the year my bank has taken a hit of almost 40% so I'd imagine that's around the time you started.

It's difficult to not let losses affect you but my advice is to stay disciplined (which you seem to be), and once you've gone through a few cycles of upturns and downturns you will see it's perfectly normal and it will bother you less and less.

[Win2Win]

Or you could do what Gordon Brown is doing, and throw more money at it during a downturn and spend the next 30 years paying off your debts.....sorry.....getting 60 Million other folk to pay off your debts!!

[neilb7]

Thanks for your views.
the Gordon Brown view is an interesting one.....:spinning maybe i will ask him to bail me out if i lose everything, it seems to work for our banks......:ermmm

[Win2Win]

Well that's the 2nd day in 2 weeks I've made a profit.....I must be doing something wrong! :laugh

[neilb7]

i see what you are saying more now about sticking with systems, two great priced winners in the last week has got me much closer to my starting bank.... :thumbs

[Win2Win]

i see what you are saying more now about sticking with systems, two great priced winners in the last week has got me much closer to my starting bank.... :thumbs
Patience over the long term never fails :)