Good run

23/05/2009 | By More

Just broken a nice winning run today.

Until the 15:35 today I had managed to get 47 winning races in a row, not my best this year but my best for a little while and a welcome relief from a month that has brought a lower strike rate than average.

Of course, your strike rate is directly related to your maximum likely winning run and losing run. Take more risks and your strike rate will fall, less and it will rise. But it is how you perform over all that matters the most, you have to strike a balance. People also cope differently to winning and losing runs and the impact of different styles.

There is no point in having a high strike rate and making big losses when they occur. Scalpers will have a high strike rate but big losses when they occur and swing traders the opposite. Lots of small losses when they get it wrong followed by big gains when they are right. Both show different characteristics but both will fail if losses get out of hand. This is why a lot of people have trouble using both at the same time, each of them require a different mindset. If you can do both then that’s a big step forward.

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Category: Using Bet Angel

About the Author ()

I left a good job in the consumer technology industry to go a trade on Betfair for a living way back in June 2000. I've been here ever since pushing very boundaries of what's possible on betting exchanges and loved every minute of it.

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