One big issue I have is that despite the fact that what Im doing has started with a balance of $50 and now sits at about $1059 not including the $282 I have taken from the account and put in my bank I still dont really believe this will work long term.
I think the reason I dont believe is because of the various warnings I have read with respect to probability based betting and the use of the Martingale sequence. However my use of the Martingale sequence is carefully controlled and i would add that what Im doing there is probably best described as a hybrid of the martingale sequence.
In the last couple of days I have twice adjusted my bets to the lack of confidence I had in a meetings progress. This can be viewed 2 ways, firstly and example of my own lack of belief in what Im doing or secondly a conservative but long term approach where making smaller gains over a longer term with less risk is more prudent than the short term bigger bang higher risk approach. In both instances this week i would have come out significantly better off if i had simply believed in what Im doing fully and bet without fear of having a losing day.
If I want this to be successful im going to need to get a balance between going hard out and being prudent. the key to that I suspect is more knowledge of the racing game which will come with time.
We're racing today! Gates open 12.00, first race is at 14.00. Tickets can be bought at the gates on the day – cash only #lovethejumps — Newton Abbot Races ...
2 hours ago