Had a losing day or week? Here’s why you need to change your perspective from short to long term.

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13 Responses

  1. Breaking Dad says:

    Also no one can use that time old – yeah but you got off to a flyer which made it easy – you were back to (below) square one after year one. Kudos.

  2. Steve says:

    Yep, that was a difficult time. After 16 months to be down a small amount after all the hardwork. I saw it all as paying my dues and took every week as a new chance to learn something.

  3. Steve says:

    I could easily circle 50 points on that graph where most people would have quit.

  4. Vorogue says:

    “…don’t get outta bed unless I’ve lost 10k’…that made me laugh so hard I accidentally joined your mailing list. Glad I have though….I’m also an Aussie Dad a few months into a more professional punting career. Bank started at $20 now up to $4,000. I know that is small and steady but I’m being very thorough with tipping services. All 7 I have joined are losing and my profits are coming solely from my own Tennis and racing models and promo/arbs. Your articles are answering many of my questions Steve, thanks bud…

  5. Steve says:

    Hey mate, Welcome to the blog. It seems most of my readers like to read this blog while on the toilet or drinking coffee. I’m just glad you were doing neither of those activities.

    That’s an amazing climb. Great job. We all start small. Just keep doing what you have been doing. Use the pareto principle to find the 20% of activities you are doing that bring in 80% of the profit. If you are doing the promos then you should join dailyprofit.com.au (My service), we take every possible freebet that offers value. We break them down and show you all the weird and wonderful ways to use them. You’ll also find heaps of other guys just like you in the forum there.

    Thanks for the kind words and good luck with your betting
    Steve

  6. Vorogue says:

    Cheers Steve, yep have home office set up, recording every move I make on file and working 10-12 hours a day at getting it right (around children and wives of course). I dissect promos deeply to find profit but I’ll sure check dailyprofit to see what I’m missing. I have solved my “reverse pareto”…the 80% of activities that bring about a 20% loss….subscriptions!!

  7. Steve says:

    The homepage still needs work, doesn’t really explain what we do yet.

    haha, im the same. about 150% of my profits have come from one tipsters, all the rest are losing.

  8. Vorogue says:

    I’m deflecting the “..you can’t make money betting” bullets that I keep reading and backing my instincts, discipline and own models…My MVP Trial Files dilemma brought me here but I am still undecided what to do with them. I’m extremely busy and you’re even busier so thanks for taking time to welcome me. Look forward to reading your next blog…

  9. Steve says:

    No worries. Good luck with everything.

  10. G250 says:

    Hey Steve, really insightful article & perfectly timed for me – I’m experiencing the worst downswing of my entire betting career.

    While I do keep logs, I’m in prehistoric times, using Notepad. Yes, Notepad. I’m figuring Excel is the tool I should use, but I wanted to ask for your input on this. Is Excel the best tool for this? How do you record your logs, make your graphs and analyze your situation?

    Thank you for all the invaluable info you’re providing; keep up the great work!

  11. Steve says:

    Thanks mate,

    Excel is the software you need.

    Download this spreadsheet, it’s the one I use

    http://www.aussportsbetting.com/tools/betting-tracker-excel-worksheet/

  12. Maj Privacy says:

    Hey Steve, thanks for all the amazing stuff you post here

    Can you say which was your worst downswing and how would you summarize that situation you dealt with?

  13. admin says:

    The worst for me was early into my second year when I had struggled but managed to make $40,000 profit. Within a month I was in negative territory. I was ready to quit at that stage. But said to myself that I would continue until my bank was gone. Straight after that it went on an amazing run. The largest downturn financially (so far) was over $100,000 in under 2 months when I was living in Italy. By then my bank was pretty big and I was enjoying life too much to really care about the drop. I was slightly pissed but I had belief that a correction was due and as always, a massive upswing took place of $200k.

    You need to set guidelines and stick to them. Make sure you have a bank set up and make sure if it is gone that you quit. If you have set everything up correctly and still lost than you have learnt a very valuable lesson.

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