Sunday, February 5, 2012

Betting is tough

Its been a long month betting wise. The tipster portfolio on paper looks perfect. Practice is a different animal altogether. -4.98% ROI for January brings no joy. What brings even less joy is the way those -4.98% were achieved. It wasn't even close to turning profits for the month. We (we, because i am doing this with a friend of mine) faced some huge beginner problems regarding size of stakes, picking an option when we have different selections on a same match, missing matches due to life etc. At this point i can proudly say most of them have been removed or at least the effects of them aren't affecting the ROI to that extent.
However, the biggest mistake during the first month was discovered late and probably ate away most of the winnings (or in our case brought most of the losses). And it was so simple... We totally underestimated the blow our bankroll takes with the odds diminishing before the match starts. Taking a match on 1.8 when the tipsters that suggested it took it at 2.00 kills any chance you ever stood. When we realized that, most of the damage was done. I am not saying that we fixed all the problems now, the system is still negative, but at least there's a dim light at the end of the tunnel.
I'll keep you updated.

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