Originally Posted by TwistServe
Hehe I just started last week. Lost all $300 of my initial deposit real fast making stupid bets. Had to put in another $700 deposit to try to recover. Now I'm fully recovered and up $500. Thinking about just withdrawing all my deposit money and playing with the $500 I won from the bookies and keeping my bets much low to stay out of danger. Slowly build up the bank by following most you guys advise
Seriously midway through the week I was feeling I might lose the 2nd $700 deposit and have to quit before start losing too much. But now after being on a good streak I have the dumb feeling like this is too easy which I know isnt true.
1. Betting is never too easy...that is why few people succeed in the long run. As MBG says - this is Slam. The players do their best here because they get maximum media exposure etc. Small events attract bad attitudes from the likes of Gaudio etc.
2. You are new to the scene and have been losing a lot initially - you should be on a better money management scheme e.g. the 10% payroll scheme. Put 10% of your balance on a bet and you don't go wrong. Win the bet - your next stake is higher. Lose the bet - you don't lose money...just lower stake value for the next bet. Sure and secure way to learn more about tennis and safe betting.
3. Down days are many peoples' downfall. Don't EVER place another bet just to get back your losses. Often, you lose again, and you wonder why you did it. Everyone has bad days, even bad weeks - no one is perfect.
4. Keep to a winning strategy. If you win with one strategy, stick to it, as long as it ensures you don't lose a lot/everything when a bad period hits you.
5. Don't play too many bets at once...don't bet everyday even. Some days the matches are too tough to call / odds are too low. It is not worth the risk and you may lose most of the profits you have fought hard to gain over the week. If you bet on nearly every single match in an event, you will definitely lose some bets...law of probability.
TwistServe - I really would strongly recommend you do the 10% payroll system. I am no person to judge you or anyone as to how you go about your business, but I think, until you become more knowledgable both in the game and in betting, it would be better in the long run. Your current system seems too open to "disaster" if you have a bad period. Hope this helps