I'm cross with myself...
Can't even explain how it happened but I backed and layed a different team today. I thought I'd checked - it was at lunch time over work. Both bets lost. Also happened to be a 50 quider...
I have in my opinion set a modest target of £100 a month from this venture. I have been going since the 2nd week of this year and was up to £249. I lost £120 of that tonight.
I have seen many diaries and challenges, and these inspire me and push me on, they will continue to inspire me an push me on. I think in my personal circumstances I have also pushed myself too fast. I need to re-adjust my targets to £50 per month - or do I need a target at all?
Also apologies for the new thread - I know there is another mistakes thread, but I have just basically wiped out 1/2 my profit so pretty annoyed with myself right now. Also wanted to post, as I have posted here in the good times so feel I should also post in the bad times.
I'll bounce back, I know I will make mistakes again, I just hope they won't be so costly. Pragmatically I should look at it like I'm still £120 up for 8 weeks work - around 10 hours a week (that will be less now I've learnt the system). Its not been a great return on time, but I've learnt the trade and I think I will get better at it.
Finally, it is also interesting how I have moved from seeing this as a bit of a bonus to now actually viewing it as "my money"
Anyway cheers to the great community here and a place to vent.
PS. Anyone spot the problem:
I'm sure this will be moved to the Player Support forum but don't worry about that.
All I can say bish is that we are all prone to mistakes. Don't beat yourself up over it. It could have been a lot worse had this been months down the line and you'd staked £100/200. I've read a lot of horror stories over the period I have been matched betting but generally people only seem to speak of the good times when they misplaced a bet and ended up netting a ridiculous fortune! We're not all that lucky however!
You're right to look at it as being £120 up instead just £120 down tonight. It will even out over time. But I cannot stress enough to check, check and check again. No need to set yourself targets. Take it at your own pace and you'll soon find that the money you lost tonight is just a drop in the vast ocean of freebets awaiting you out there.
I dropped just shy of 2 grand, less than two months into the "game". I've bounced back to make a five figure sum in my first year, you sound like the sort who can do a similar thing.
Best of luck, take it slow and don't race towards targets - they can be good but you're allowed to not meet them each and every time. Case in point, I didn't make last month what I was hoping for. I'm hoping this month will average things out but we'll see. Don't strive for something that's always out of reach, if £50/month is attainable, have that as your target until you're hitting it consistently, then raise the bar a bit
What an excellent post. Seriously that is excellent, dont let that one mistake hold you back at all you will go far at this with that attitude.
No you dont, not at all. Also you dont need to set a target of getting 60%, 70% or 80% from a freebet, you dont need to set a target of number of sites a week, or £s made a month, or try/expect to make as much as what somebody else (claims) they make. You do what is best for you at the time you do it i would not suggest you try to stick to some pre set rule which may no longer be relevant or take into account all the factors.
Originally Posted by bish
Another good attidue, be realistic about things.
Originally Posted by bish
Yes you will, I have been doing this for a while and i still make mistakes. Just make sure you only make the same mistake once, thats the key.
Originally Posted by bish
Go and get yourself an Avatar and join in here, i would be suprised if it helps you win back those £s we normally crash and burn but it might and it should be fun at least.
Any Qs ask in that thread.
Have a plan and stick to it
I'd echo what the others have said - everyone makes mistakes, and i know it's a cliche, but it is true that you learn from them. I've been matched betting nearly 2 years, and even now i almost always check both bets (back and lay) in my account details - i certainly do if its a large bet. That way if i have made a mistake i can do something about it before the event takes place and minimise losses.
"Bomber likes you!" R.I.P. Pat 1937 - 2004
Try not to get too down about it. Everybody has made mistakes.
My biggest one was on horses, layed one, and backed the other! Obviously the one I layed came in. Got back to my computer to check the results and got that horrible sinking feeling. Lost around £200, which at that time was a healthy chunk of my profit. I've never made the same mistake again though, so I just see it as a lesson. Albeit a very expensive one!
Onwards and upwards mate!
Mistakes, I've had a few... a few too many!
I've lost over £100 more than a couple of times now. It happens and it sucks, it sucks hard... but usually only for a short while. Soon you'll realise that you've learned from this mistake and that is a good thing. Soon you'll make that money back and more and that is a wonderful thing
Like Andy said, there are so many freebets out there waiting for you. Take you time, build your confidence (and your float!) and the money will start flowing into your pockets.
Keep diligent though! Bets must be checked, re-checked and if you have a couple of minutes an hour later, check them a third time.
Mistakes, we've all made them, and like slim said - it really does suck.
Take a few days off, come back with a clear head because there really is an unlimited amount of money to be made and unless you make 5 mistakes a week (no-ones that bad!), you are always going to end up in profit!
Never give up! Never surrender!
I have indeed decided to get myself an avatar and settle down a little - I like this place.
I'm out of Match Betting action for a couple of days due to travel commitments with work, I think that is part of the reason why I rushed it all - wanting to get some bets in before I had a couple of days off the net.
I am rushing - thats not good. But also a problem I have to try and hit the target is that I quite enjoy the challenge of hacking through some difficult WR & extracting maxmium cash. Its odd because being new I have lots of easy stuff all around and really quite a lot of SR stuff left, yet I'm determined to WR right the way through a sunderlands toughy (well its tough for me - don't do horses yet btw) rather than the easy stuff. I'm also probably missing out on many many reloads by only having a handful of bookies to my name whilst trying to extract maximum cash. I'm the same when I play gaming consoles (which is rare) I have to find every little hidden secret and finish the level with every gadget and full life - actually I never get to the end of the level.
I think I am gradually getting into the mindset of the seasoned professional. Three things I have enjoyed about the philosophy of matched betting are:
1. What is the strategy for the maximum return regardless of result
2. If I can make even £3 more to the grand total - its a result & worth it.
3. Sticking it to "the man" and beating the system
Cheers once again - see you in a couple of days.