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Advice needed

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pacemaker

pacemaker

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Hey punters

After a very bad punting season I am considering calling it quits. I am already $513 down this year and have thought to myself well done bookies you beat be. Things haven't been really improving long term. I say to myself as soon as I can get all this back thats it for me but it seems to be just getting bigger. I was considering doing a big bet this week in AFL (for me anyway $100 - $200) just to see if I could get out of a bit of mess I have created.

So i guess what I am asking is should I just pretty much quit or is there a way I can some how get out of this red? I managed to do so last year when $500 down but not confident this year.

What do people do when they feel they are not winning and things are really starting to hurt as the money they are loosing is money they should be keeping. Do they continue to punt and weather the storm?

I don't work I am at uni and don't recieve any benefits so punting was a way to make some cash but it has backfired badly.

And advice is much appreciated

cheers
 
If you are feeling like this then you probably have come to far as it is...

They say to only bet with what you are comfortable with losing.

$500 down, isn't that bad but yes everyones circumstances are different.

$500 for Eddie McGuire say is nothing :p

If you are still getting the bug and are disciplined enough maybe go with a sport you know well and just put bets on favourites.

Instead of chucking $200 on say Federer to win, spread it out and put $20 on 10 different games.

Maybe that is a slow way but I feel you could get back your losses (of course nothing is certain in gamlbing - thats why its called gambling.
 
Don't despair. I have been having a good run with the "Most Disposal" bets. Just having a quick look at who teams are playing, I would suggest 2 bets. Ablett into both Hodge and Watson. Markets aren't open yet on Sportingbet so I can't give you prices but would expect Ablett to be at $2 in Group A, and Hodge and Watson to be the 2 favourites in Group A. You should get rougly $6-$7 on Ablett/Watson and $7-$8 on Ablett/Hodge. Put $50-$100 on both and you shouldn't be disappointed. That's just my 2 bobs worth. Someone may have a better plan. Good luck
 
punting isnt a way to make extra cash

very few people win longterm and those who do have serious discipline and spend a lot of time analysing

if you are going to keep betting make sure you have a bankroll and bet 2% a game with a maximum of about 5%. If you have $1000 you are prepared to lose then you bet about $20 a game.

also money lost is money lost you aren't entitled to it back, so dont be silly and think to double up bets this is what degens do (fev)

personally i think you should stop betting and focus on your studies, you dont have enough money you can afford to lose

when you have a job then you can maybe look into it again for fun, gambling should never be done by people in financial trouble

if you are stressing on any result then you have bet too much

there is a reason why bookmakers are in business, its cos the lines they set aren't too far off the mark
 

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Lay my Saturday Daily Punt selections :thumbsu: They're going horribly at the minute ...
 
cynical said:
punting isnt a way to make extra cash

very few people win longterm and those who do have serious discipline and spend a lot of time analysing
Click to expand...

Of course it is. If people were not trying to make some cash out of it then they wouldnt bother, If your no good at it you wont make any cash obviously but it still can be a way to make cash if you know what your doing.
 
I am in a similar situation to you, I like to have a bet but it was getting to the stage where I would stop doing things that like, ie. going out, just so I could have a punt. I realised this, thankgod I could of become a real problem gambler but I stayed strong and made a few rules for myself to follow. Some of these included:

Only betting of sports that I had a fair bit of knowledge on, for me that meant no more horse racing or foreign soccer. I just kept for footy and cricket.

And the big one was just doing a bit of research on the event, usually I find that my confidence of winning after doing the research is shot so I don't bet.

I have found after doing this that I am winning more than I am losing, hell I don't make much but this way I have plently of money to go out with and do the things I like.

If you want a stream of money coming in that isn't working than I suggest you start an Ebay account and try and buy in bulk and sell the items seperately to make some money. Sure you wont make as much as you POTENTIALLY can with gambling but you are nearly guaranteed on making a profit or if not atleast breaking even.

Good luck with whatever you decide to do, there are many on here willing to help you with their advice.
 
Firstly, all punters go through a bad spot. It happens to everyone no matter how good they are.

You need to analyse where you are going wrong. If you're betting on the horses and are consistently coming 2nd or 3rd then you need to tell yourself that your selection method is reasonably sound and the tide will turn. If however they are running well down the track, then you need to step back and properly analyse where you are going wrong. That means stripping back all the parts that go into making a selection and noting if each part is working or needs adjusting. It could be that you are not placing enough emphasis on jockeys or placing too much emphasis on track bias etc etc

Do the same with sports. Look at sports where you have a reasonable record. Why is it working with them and not with others ? Are you betting on sports that you simply do not know enough about ?

If you are compelled to have a bet, try and keep it simple. Give away the multis and the first fours etc. Every punter I know when they are losing starts to go wide looking for a big collect. As most punters lose, the correct way is to do the opposite. Go wide when you are winning and keep it simple when you are losing. This means win only bets until you start to get some confidence back in your selection methodology.

If all the above sounds too hard or complicated then you need to resign yourself to always being a losing punter. There's nothing wrong with that. Most punters are losing punters. Once you have accepted that, then the losing streaks will become much easier to live with and the amount you spend on gambling/punting will reduce so that it becomes a fun pastime again for you.
 
Its a difficult situation but a very common one.
Generic advice does you no good & its tough to give specific advice without knowing more about your methods.

Two things spring to mind:
1.Dont chase the money,desperation is a sure fire losing method.

2.Decide whether you actually have the time to put in,from the little youve said it seems like you believe this can work as an afterthought.

I know people say they win with minimal effort but longterm, I dont know any of them. Can count on 1 hand the number of long term winners Ive seen.
What do they have in common?
Theyre disciplined & always willing to learn,they never chase & never get greedy......sounds simple & boring but success often is.

If thats all too hard, thats ok, just return to punting for fun

seth
 
The only advice i could offer is based on my personal view that i only ever bet with money that i am prepared to lose. I am optimistic about my chances of winning of course.
 
It would be an idea to save up and build a bank of say 50-100 points. For exampled 1 pt = 10 dollars would have a bank somewhere in between 500 to a 1000 dollars.
 
1) Gamble with money you can afford to lose with affecting your lifestyle.
2) Only wager a tiny fraction 3-5% of your money set aside for gambling (bankroll) on any one event.
3) Don't chase losses/Don't waste profit on bets you wouldn't otherwise place.
4) Develop rules that work for you, ie don't bet on games involving a team you follow to rule out some invariable bias
5) Stop and withdraw if you feel as though you can't control yourself.

The above should help, but seriously seek professional help if you feel you can't stop gambling or the need to chase losses. It's supposed to be fun anyway.
 

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Thanks for all the advice guys I read every word.

I guess I do punt on sports I don't have expert knowledge in such as overseas soccer, tennis, I never bet on horses as for me thats just throwing money away. AFL is my expert sport but with that I guess I think I know a lot and tend to do multis and all it takes is for one leg to lose.

I do admit I do chase for cash that has been a problem. If I continue I might start keeping it simple as well singles bets only and just doing the head to head.

Might either skip this week or just do a couple of small bets to get me back on track.

Thanks for all the advice every one
 
It should get easier to punt on the AFL as the season goes on as teams settle down and you can get a decent gauge of form. At the end of round 5 last year i was down, and made a pact to not bet until round 6 this year. Conveniently i forgot about it until seeing this thread.

But chin up, it gets easier from here on.
 
Looks mate there is only one way to go about getting your $500 back - and get it back quickly. Double your bet size, just keep doubling till you get a winner and are back square. It wont take long mate, I promise.




































































*probably wouldnt take that advice if I was you.





































































Go In Hard You Girl. You gotta risk it to get the biscuit. Show some balls and get a big collect! $100 on Richmond @ $12.
 
Or just pick 3 favs this week in a multi.

Bulldogs @ $1.77
Sydney @ $1.53
Hawthorn @ $1.55

$50 @ $4.20 = $210 :thumbsu:

Easy as that :cool:








































Yeah.... if it was that easy everyone would be rich.






















Im gonna put $20 onthis multi now coz If I dont and it happens I'll be pissed :D
 
Thats just chucking $20 down the drain, your original bet said $50, so go the $50 and chuck the $20 on top making it $70. It will get up that way, plus imagine how bad you will feel when it wins and you had a measly $20 on it you girl
 

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carltonblue said:
Thats just chucking $20 down the drain, your original bet said $50, so go the $50 and chuck the $20 on top making it $70. It will get up that way, plus imagine how bad you will feel when it wins and you had a measly $20 on it you girl
Click to expand...

HaHaHa good point :p
 
The best advice I can give is when you're up to post 16 of a 20 post thread and realise your scrollbar hasn't even reached halfway it means the following posts are probably even more important and worth taking on board than the others.
 
I was going to do singles bets this week they were going to be

$40 Western Bulldogs U 39.5
$40 Melbourne U 39.5
$30 WCE line at +17.5

However I decided to just do these bets in my head. Lucky I did this as I would be $110 further behind. But I should start betting for real this week, very happy I took the week off :D
 

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