*To start I took out 50 on some good advice so banked that.
Well it started off well with a few pounds here an there trading on tennis, got about 8 pounds before looking at Kolschriber against an unknown (well I didn't know him) and unranked Belgium. thought I would do well from this so put a fair bit on the German, was all going the right way got to match point twice and I managed to trade out ensuring profit if he won, then stupidly when he had a third match point I stupidly went in at 1.04 with everything i had left??? Greed i think got the best of me here and I was trying to make back £2 i lost on a race minutes before.
he proceeded to loose this one and 2 more match points!!!!
I was then watching the third and the money to lay way up to1.67 - 1.89 he was playing poor and the other guy looked calm and on a roll, so I decided I would cut my loses at the next available point, I traded out at 1.53 for the whole amount meaning i would loose 20 if the German went on to win.................of course at this point he then decided to finish thing and play miles better and proceeded to make the most of it and go on to win!!!
I couldn't work out what I was suppose to do on the way in as I looked at backing him in etc but by this point I am resigned to the fact that it was stupid to go in at 1.04, so didn't want to put more money on if hey then lost!
I think i did the right thing getting out just it proceeded not to be the right thing but hey ho that's gambling!!
If he went on to loose and I lost everything I would feel much much worse so stopping for today, got an earlier bet on Nieminen so hopefully he will play his socks off and my trade out will take.
any hints or tips from anyone much appreciated on how to get out of things like that? or whats a good tactic to minimise losses? all welcomed
So lost £18 today but learnt a good lesson I hope any will try to be disciplined next time
Good luck for tomorrow
A tennis tip i wish I'd followed more regularly - never trade to a liability beyond your initial stake. It's much easier to manage your money away from the heat of in-play trading. Decide on what liability you're prepared to lose before your initial trade, and only trade in-play within that level. It's amazing how easy it is to turn a £50 liability into a £500 loss!
ReplyDeleteVery sound advice, Much appreciated thanks Rob.
ReplyDeleteI find that greed gets the better of me and I go stupidly for loads at short odds. Really doesnt seem to work out for me so should have learn't by now!!