Loss chasing – your thoughts

[born2bet]

Hi guys,

I’m about to embark on a new system I’ve come across which has intrgued me. It combines a loss-recovery method, together with making selections (based on certain criteria) from the Dailynaps website.

Now I’ve tried "loss-recovery" type systems before, and quite frankly they’ve never really worked out too well for me, but I’ve been going over this system and it does seem to make sense. There also appears to be 9+ months of results to back it up.

My question is, what are your thoughts on using loss-recovery methods?

Has anyone had luck with them, or have they always left a bad taste in the mouth?

Just interested in your thoughts, as I’m seriously considering throwing £500 at this system.

cheers

[CheltenhamSpecialist]

My advice is dont touch loss recovery systems with a barge pole, I call it "The Country Hurdle" syndrome, I’ve seen desperate punters throwing lumps of cash at this race , the hardest at The Festival usually, in a last ditch effort to recover losses. It virtually always ends in tears.

It’s not unusual to get a ten run loser sequence, start with £1 and double each time, by the 10th horse you are layting out £512 and are £511 in the red….and if that one gets beat the chances are your judgement in making your selection will also suffer

[Matron]

If, you can’t make a profit at level stakes then don’t bother.

Do not waste your money on this; any system that has to utilize a staking plan to make money is fundamentally flawed.

Regards – Matron

[Nick Baker]

I totally agree with the other comments. You just have to take the losses on the chin and view the next bet as a seperate entity.

[billion]

Born2bet

, hello,

So great is the desire to win at this game we are prepared to try almost anything and then when it does not work we are still prepared to try again by doing almost the same thing, which sounds like what you are about to do.

£500 . . . my guess is you can affored it because you sound very much as if it is what you are expecting.

If I thought you would throw £500 at it, lose it and learn never to do it again I might even say it is money well spent and then you can get on and bet in a most sensible way and I guess it is the question you must ask yourself . . .

will I learn?

I did much about a similar thing, I had worked out a doubling up system for the dogs, I hasten to add at the time I had never heard of recovery staking etc. this was long before I ever thought about having a computer, it was much about late 80’s early 90’s. Anyway I took a couple of hundred pounds to Ladbrokes in the High Street and started my plan of attack. With races every 15 mins. my £200 was soon gone, however still believing I was right I shot accross to the Nationwide with my passbook and drew out another £200, but too embarrassed to go back into Ladbrokes I chased downn to Coral in time for the next race and even quicker my next £200 was gone. Back to the Nationwide for one more hundred and into the next bookies (not Ladbrokes or Coral) and quick as a flash that £100 was gone and I felt a broken and foolish man.

And so off home I went and to this day I have never told my wife or anyone about what I did. Ashamed and humbled by my own stupidity but the lesson was learned. However when I checked the very next race it was the winner I never backed because I ran out of money and guts to see it through but later on I worked out that I would have won back my £500 and made a small profit which would never have equated to the worth of such big (and lost) stakes.

Advice never asked for is again only given by the foolish, but I have already proved I am that but what I would do if I was you is play the bets at as suggested level stakes and see just what happens and after a given period back check what would have happend by recovery. With past data you will have the knowledge and maybe try to find an alternative staking plan.

Whatever you do I hope you gain monetry or as a person, good luck.

Billy's Outback Shack

[Author]

Posts