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Newbie's 4th month

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zitlor

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September started well but I hit a rough patch about mid way and seemed to be going backwards so I cut my stake back to bare minimum and tried to find some consistency in results and style. Overall I'm happy that I made further progress and I hope to be able to gradually increase my stake again in October. 

 

 Sept.thumb.png.095d999c68ba138d41e16dd224e85ace.png

 

@Tomas  I read your entire 25 challenge blog. Amazing how you built the bank. Like magic to someone at my level 🙂. You mentioned that you posted some greyhound videos that were subsequently deleted by Youtube. Would it be possible to post up these or any other greyhound vids again? You're already providing lots so if you're too busy don't worry about it.

 

Newbie to Newbie Tips

I know sooner or later I'll sustain a big loss from being caught in play. To reduce that probability I do the following at the start of each trading session.

  • On my desktop PC I keep Betfair open on the cashout page - in case of a geekstoy crash
  • I keep the following page open to check Betfair for problems - https://status.developer.betfair.com/
  • I also keep the cashout page open on my tablet - in case of computer crash
  • I don't do this but I've read Tomas suggest keeping Betdaq open to quickly use to offset liability in case of a Betfair crash
  • If I ever make any money at this I'll invest in what seems the best protection - a 4G enabled device and I'll keep that open on the cashout page 
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Okay no worries @Tomas thanks for looking. It's a shame you lost them as I've convinced myself if I watch you're vids over and over your skills will somehow magically transfer to me. 😁

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    • well done zitlor..slow and steady is the only way it seems..good luck for future
    • Thank you for the response to my blog. Yes, of course you are right in terms of the ideas and pointers provided by Thomas while the main ability is the skill of recognition (pattern recognition) to see where and then when to be operating in a market. The immediate usefulness for me is the realisation of the necessity to be in and out quickly, (bet/scratch/bet/scratch again and again). I find myself having a series of small losses but these will be offset against a far more substantial win. This will do for me while I improve my "sense" of timing. Mind you, at 70 years young and while being very fit for that age, my reactions are not what I would desire. That can be practised! Good luck, my friend!
    • I've been at this for a few months now and have come to the conclusion what Tomas provides here for free is fantastic in that it  gives you ideas and points you in the right direction but in order to realise the subtle differences between when to apply these strategies and when not to it takes countless hours of screen time. There's simply no short cut.  I think most will give up well before they get there but those who do make it to earning a professional level income, say at least the annual minimum UK wage, are perhaps 1 in 500 to 1 in a 1000 on Betfair. Closer to 1 in a 1000 I'd imagine. I've no idea if I have the inherent pattern recognition ability to succeed but I've given myself 2 years and I'm going to give it my best shot.  Good luck and if you feel like posting a regular blog of your progress I'll read it.
    • Thanks @Tomas I started with realistic expectations so I'm very pleased with the slow but steady progress I've made. I've no doubt I'll need the full 2 years I gave myself from the start if I'm ever to progress onto making real money in the big boys playground of UK horse racing. Time will tell but I've really enjoyed it thus far so I'm happy to patiently wait and see what happens. 
    • So you have cracked it, congratulations! I think that more people would be interested on how you are doing in the future. Any future updates are still welcome  
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