May should have been a good month. My old Mum turned 80, and a couple of Bank Holidays in there should have meant fun and laughter all round. But it was not a good month on the investing front. In fact my first losing month since April 2007, and a £5,599.15 loss to be exact.
Where did it all go wrong? In a word - 'basketball'. In too big on a couple of markets that I should probably have stayed away from, or at least reduced my risk, but as always with losses, learn from mistakes and move forward. I also lost too much on a 'fun' bet on Aussie Rules footy, which came down to the last kick which was missed. NOT my idea of fun.
Some months everything goes for you, and some months nothing seems to. Maybe the gods of gambling took May off for holiday, but I hope they are back for June. Two down months in a row, and the doubts start creeping in, and we're not at home to Mr. Self-Doubter this year. Good luck for June to everyone (anyone?) reading this.
At least my month wasn't as bad as the poor sap who offered Italy at 1000 in their Volleyball game against Japan yesterday. Italy won six points in a row, tied the game up and went on to win.
About Me
- Cassini
- I have had a life-long interest in sports and after studying Pure Mathematics with Statistics at secondary school, have been fascinated by odds and probability. The first system I came up with was a simple one - back the favourite and double up after a loss until a winner. Simple enough in theory, and I told my Dad about it. Not being a betting man himself, he ran it by some of his colleagues, and came home to tell me that it wouldn’t work because a long losing run would mean that the bank would be empty. Then there was always the possibility that the winner would be returned at odds-on, meaning that the total returns would not match the outlay. Not what a ten year old wants to hear! Only slightly daunted, I then went on a search for the Holy Grail, the secret to riches that I knew was out there somewhere. Finally in 2004 I stumbled across an article about Betting Exchanges and four years later I was able to make a steady profit.
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