Tuesday

Bad day yesterday, family left for a break until Friday and not much work on at the moment. A dangerous combination. Too much time for me to play.

About time I had a bad day on the horses, and yesterday was the day, couldn't pick my nose and then started chasing - got to get out of that mentality now. Even had a few bets on the US Racing, not something I will be repeating.

Updated about the Cricket yesterday. I need to stop jumping in with both feet, when I think I see an opportunity - because the way the cricket is going for me at the moment, the odds are there is no opportunity there in the first place.

This has now wiped out all of the profit I made in the early part of the month. Need to get my disciplined, selective head back on starting from today.

Another dangerous day ahead, York races and England v India ODI. I will be trying to put myself back in to profit for the month.

Still mulling over the money management side of things, and when I have ironed everthing out will dedicate a post to it. Initial thoughts are that I am overstaking in an attempt to hit the £25k profit target. I am thinking of reducing my maximum liability per event to £200 and also reducing my profit target to £1000 per month. This does not mean I will be staking £200 on every event, just that this will be my maximum loss.

I am forunate to have built up a fairly decent betting pot, but that does not mean I have to throw it all away.

In fact for now these are going to be my new money management rules. Let me know what you think.

Monday P&L

Cricket: -GBP92.50 Horse Racing: -GBP423.73 Total P&L: -GBP516.23