Every punter has inevitable
losing streaks because, as we have demonstrated before many times
on this site, it is IMPOSSIBLE to have a winning streak if losing
streaks don't exist. In the random world of gambling EVERYTHING
Here's a little exercise
you may like to dwell upon to CULL your gambling
That's be Consistent,
be Unemotional, be Level
headed and Lose the desire
to chase losses in a rash, stupid and dangerous manner.
wins. There is nothing in my mind that is clearer than this statement.
Whatever approach you decide to take, however you decide to bet,
regardless of the staking plan you choose to use, if you do not
do it consistently, day in, day out, 365 days a year .... you will
LOSE in the long term. If it is a losing strategy or winning strategy,
you will never know if you jump from one idea to another every time
there is a reversal of fortune. Whatever period YOU decide is the
optimum for testing out your ideas, stick to that original time
frame - then if you feel you must change, do it - but do it in a
positive not negative manner.
If you decide to adopt a new approach and then, after a few short
weeks abandon it because it's showing a loss at that stage, how
will you ever ever know that it may have been a winning strategy
in the long term? There's an old saying that says "self interest
starts favourite in every race". Well if that is the case,
consistency runs a very close second favourite in any long term
punters win far more than those that get excited about every race.
To them every race is "just another race", regardless
of whether it's a Benchmark 65+ at Devonport or the Melbourne Cup.
The money you win or lose on either event still buys the same amount
of TBone steak. If you allow yourself to get emotional about a race
result, you will equally be exposing yourself to bubbly, buoyant
and positive emotions as you will angry, depressed and negative
emotions. Nothing will send you down the path to ruin faster than
negative emotions because they impair your judgment values far more
than any other factor. Negative people NEVER win. And on the rare
occasions they do, they'll be the first to tell you the win wasn't
If in the world aviation,
any landing you walk away from is a good landing, then surely in
the world of gambling ANY win is a good win. Stay well away from
the dismal jimmies, the back sliders and the nay-sayers because
they will drag you down in to the morass of negativity that they
thrive on and have a perverse pleasure in spreading to others.
If you want to live
in a world of negative, boring, navel gazing people, give up the
punt and get involved in the world of politics because there's plenty
of them there.
headed people are an absolute joy to watch gambling because their
demeanor rarely changes. They have a firm plan in mind to overcome
the odds that exist against normal punters and they see the plan
through to the end. You NEVER see level headed punters at the race
track trying to analyse the form guide between races. All their
preparation is done hours and hours in advance (if not the day before)
and there is no last minute scramble to make a decision. Level headed
punters know exactly how much they will invest on any particular
choice that fits their criteria way before the betting activity
starts and they NEVER change their original plan of attack.
headed people also look weird if they wear a balaclava.
the (natural) desire to chase losses in an uncontrolled
manner is THE best self discipline skills you will acquire because
there will be lots and lots of times where you will find yourself
"behind the eight ball" in any gambling venture because
that's just what it is and just what happens. It is what the percentages
DICTATE must happen. No matter what approach you use you will probably
be losing at some stage. How you bridge that gap between a losing
position to a winning position is essential for the long term well
being of your punting bank. It's where your previously committed-to
staking plan must be implemented without emotion and it is why your
punting bankroll MUST be entirely separate from your day to day
living expenses money.
day to day living money must be sacrosanct and not mingled with
the punting money because your punting money MUST, MUST, MUST be
held in complete disregard and obviously you can't
do that with the dollars your "significant other half"
may see as necessary for, oh you know, frivolous things like food,
clothes, the mortgage, power bill money.
any emotions from transactions involving gambling is essential.
If, according to the long term staking plan you are using, you suddenly
have to have a larger than usual amount on your reasoned selection,
it must be thought of in terms of units not dollars or the emotions
will start conflicting with the reality of the situation. That punting
bank you are playing with must not be dollars -
it must be units of measurement so your comfort zone sensitivities
are never aroused.
invented the games offered in casinos were mathematically pretty
smart people. The guy who came up with the idea of using chips and
not cash was a dead set genius because it stopped people thinking
about and making the association with what they could buy with that
$50 note when they were sitting at the blackjack table.
reality you must play "them" at the same game and have
a complete disregard for your gambling money. Removing emotion from
any gambling transaction is essential. You need to not feel a sense
of attachment to anything other than getting long term value over
a long period of time. At the end of the day, money must simply
become a unit of measuring ones betting success and separate from
the day to day living stuff.