Am really sad that a fellow punter I've known for years has had to give up as he's done his bank. Never met him, just know him in cyberspace on the Betfair forum and the blogosphere, and we've had a lot of laughs over the last few years following and betting on the tennis. I'm going to miss chatting with him. Good luck, mate, hope you sort yourself out soon.
It has made me ponder just what sort of short/medium/long term future any of us has at this game. Are we all eventually destined to do our banks in a spectacular burst of undisciplined punting or suffer death by a thousand small cuts?
Anyway, had a silly session on Sunday, with 2 nice wins wiped out by a big loss. Was done by a trademark whiplash change of momentum that WTA is famous for. Wickmayer had played fantastic tennis to take the 2nd set and Henin could barely get a ball in court, yet they come out for the 3rd set and it's the complete opposite. Crazy business. Henin's price collapsed as fast as Woz's had the night before and I was stuffed.
Later on had a few plays on the footie and the NFL. Apologies to Stoke fans, but I forgot they're a Prem team and backed the Arse against them thinking it was Prem vs lower div! Luckily Citeh and the bank of RM came to the rescue later. Didn't really fancy any team strongly at the odds for the NFL, ended up level on the Ind game, but left a bet on Minn ride too long as it looked like they might sneak it right up till the end.Waiting for Bepa vs Azarenka to start ......
6 days ago
1 comment:
the percentages are very much against punters succeeding long-term. No more than about 5% are profitable over a year, and it's more like 0.5% can actually live off it. Multiply that by the randomness of betting and the length of time, and you'll see why the good ones either get out, or diversify their interests so it doesn't all disappear...
Trading adds a new dimension to it, but it might only add a couple of % pts to the numbers. We are all still prone to random moments of madness.
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