Quote:
Originally Posted by Henrio
Hi friends, have you faced the problem of losing streak? If so, how do you solve it?
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Oh hell yes!
My biggest problem is betting, not handicapping. And yes, I have a unique talent of zigging when I should zag and zagging when I should zig.
Records, records, records. Whenever I get off track, I look at my records. If you do not keep records, you are not ever going to be a pro. All pros keep records.
I spent like 5 weeks working with Howard back in 2000 working on fixing problems with Synthesis. He told me when he first was getting started, he and one of his clients went to Tijuana to bet. They decided to stay until they could turn their $100 into $200. Every day they would hit the track with their printouts and proceed to bet the last race instead of the methodology. He said they had some drunk locals sitting behind them who made a small fortune betting the read outs over their shoulders. Finally on the last night, they would throw up the past races and pick up 10+ read outs and in every case, they showed a profit. That convinced him to just trust the read outs.
The first 15 Follow Ups on the site here have lots of good advice on this. Lots of people start out strong, hit a bad streak and then completely change what they do. Howard talks about this in the Psychology of Winning columns. Calls it the Sisyphus syndrome, after the guy who pushed the boulder up the hill over and over just to have it roll down again and have to start all over.
The key is records. Bet what your records show is profitable.
Pittsburg Phil said one time he lost 29 races in a row, and then made all his losing up in 2 wins. Bet less when you are losing and more when you are winning.
Hang in there, we all hit bumps in the road. Even Howard did.
Keep records, read the old Follow Ups, don't be afraid to pass.
Dan