In
the last week since I posted the baseball has certainly gone through an up and
down phase. At the time of my last post the baseball was standing at +12.47
points then over the next 5 days it rose to +18.46 before coming crashing down
to +11.41 points with only 1 winner coming from the last 9 selections.
I
find baseball to be one of the most streaky sports to bet on, one week you
cannot seem to go wrong only for it to go completely the other way the next.
This
is why I am keen on getting the tennis ratings sorted. During the winter months
we have the Ice Hockey and basketball and by diversifying I’m hoping that if we
do have a bad run on one sport this is countered by the other.
In
the summer at the moment baseball stands alone and you can certainly suffer
during a bad run. However
I always say the key to profitable
betting is ensuring you have enough funds & discipline to carry out a
profitable back tested strategy without exception.
And
ultimately the key to success is being appropriately capitalised with a proper
betting bank.
I
have come across so many people during the past few years who simply cannot
follow a system because they are betting out of their pockets have no betting
bank and do not look at things on a long term basis.
Far
too many punters give up on a system after one or two bad results purely and
simply because they allow a couple of micro events to dominate their thoughts and
they continually focus their minds on the negativity of a few recent bad results
and fail to look at the long term picture. Remember it is where you stand at
the end of the season that counts.
I
have been asked what is the best way to deal with the emotional aspect of these
downturns?
And
I generally reply take comfort in your betting bank that allows you to ride
these bad stretches.
I
think when undertaking any betting system you should treat your betting bank
like you would if you where holding a stock.
For
example if you were to purchase 150 Marks & Spencers shares at 3.33 in the
belief that the shares were at some stage going to hit £4.00 your holding would
be £500.
Now
over the next 2 weeks the share price drops to £3.00 and your holding is now
down to £450. Now if you still believe that your system says the price will hit
£4.00 the probability is you are not really going to bail out at this stage because
you accept that the price goes up and down continually over time and indeed
most people who hold stock rarely even look at the price (unless of course it
is particularly high or low).
So
with this in mind how come we throw the teddy out the cot when Chelsea have
not beaten Wigan and Manchester United have drawn away at Stoke.
