Aug 2024 £3000 - ? Bank Challenge

Arran Shackell

Happy new year to you. Glad to hear things are going well.

Martin

@Richard-Latimer from where you were that's huge progress, well done!

Richard Latimer

I'm going to say goodbye to 2023 with a £110 profit on the year. First calendar year I've ever come out on top and despite many months of struggle I finally feel I'm on the up.

Dec has seen £134 of profit and I'm not risking any of it for one more hit so to speak. I'll try and do a full update tomorrow.

On a purely emotional level 2023 has been the best year I can remember in years.

In February I finally sold my house and moved into my own flat. It was the first time i'd ever really lived on my own and it was an experience. In April I met a gorgeous woman who I just click with on so many levels. I managed to get an operation for a longstanding issue which I won't go into but it has hampered my life for too long.

It's not very often I can say farewell to the year with a smile and an almost thank you but this year I can.

Financially I'm dipping into my savings too much and if it were to continue at this rate I'd be broke in under 5 years.

Luckily I feel confident. I'm coming at the finances with a 2 pronged attack.

A new business endeavour and renewed confidence on the trading. I've enjoyed saying I had conquered my indiscipline for a while but, I think in all honesty, if we're making bad choices, no matter how far in advance, that's a lack of discipline. Leaving today and tomorrow shows that if I'm not quite there yet, I'm almost there in that sense.

Only hitting something when I am as sure as I can be because I have the data to back it up. That's the discipline. And it's what I will need to ensure things only go up from here.

So to everyone, Happy New Year, peace and prosperity to you all!!

Richard Latimer

There will be plenty of time to reflect on a weekend that saw me lose not only the £90 profit accumulated in the start to Nov but also a further £60.

It's not a lack of discipline. I make my plan and I stick to it.
It's not the data, which is solid and should allow me to make good decisions.

It's the fact I make poor decisions.

The data builds slowly which is hard in the first place but there is no way around that.

I try and find the fastest way to go through my selections that I can which doesn't allow for the in depth analysis I give to every single loser I have.

I also flick back and forth between being too cautious (my analysis far exceeds what most do anyway I rationalise) and too gung ho. When I go too cautious I'm leaving money on the table and still hitting losses.

When I go a bit too gung ho I get the inevitable profit jolt followed by the also inevitable carnage.

In theory it should become that much easier with every line of data but it's still slow and I find myself in a rinse/repeat situation time and again.

I know I need to pause the over lays. I knew that after Saturday. That's one thing. They are incomplete and on a weekend like the last one they only serve to add fuel to the fire.

I was so sure about limiting my liability by laying under 2.5 at a certain price point. However, that was another 2 losses I could have done without. In theory the more analysis I give to a game the less chance of losing and the the higher price I can take.

My streamlined data has still not had a loss @7.0 or higher from over 100 selections. But it is streamlined data which has been heavily combed.

When the interlull is over I need to take this and leave every single game where there is the slightest doubt. Limited data on anything where the selection could easily be excluded were it to go the wrong way. This must be left alone. If it means halving the selections so be it.

Richard Latimer

Other than the low level regional leagues I've avoided ruling anything out until now. I feel I have the first league though after tracking this long.

In a little over 7 months only 7 selections have even come up in what I am now using as my raw data. 6 of those have qualified to be lay under 1.5 and the other has qualified through the back door so to speak.

Slovakia

Of the 6 qualifiers 1 has been 0-0, tonights was 0-1 and the other 4 all had 2 goals.

As a league it probably makes way more sense to lay over 2.5 here.

Richard Latimer

@Richard-Latimer said in 2022 was a small loss in the end - Let's see if 2023 is the year!!!:

Trading gods are bastards and it's fair to say the raw data went back to the mean today.

Still a couple of trades to go but heavy heavy loss today.

Notice the 3rd goal in Freiburg was cancelled so got a little back. Still a crap day that I made a little crapper for myself.

Richard Latimer

Trading gods are bastards and it's fair to say the raw data went back to the mean today.

Still a couple of trades to go but heavy heavy loss today.

Richard Latimer

So much easier to motivate yourself posting updates when all has gone well:

Richard Latimer

That's it. September finished and while today was a small loss, overall I made £127 this month.

That's £30 more than last months loss and puts me back in profit for the year.

Richard Latimer

I didn't want to update after Aug as it was far too raw and I needed things to go right before I spent time putting the negatives down on the page. Thankfully Sept has blown Aug away and but for a very bad day the profit will almost certainly exceed the massive loss so all back and more.

Limiting my odds while the system is still in development has helped massively.

Richard Latimer

Despite it being a brilliant month with only 3 days left I am just going to address the downturn in my lay overs strategy which is having the worst month for ages even though it's around break even give or take a couple of points. Under 1.5's are hitting at 27%!!

This has a lot to do with how well the raw data is fairing and you have to go back to Sept last year to find a better s/r than the 88% coming in this Sept (last year it was 90% and over 2.5 lays were at 50% compared to 52% this).

Although I should caveat that by saying there were a lot less selections of the unders (over lays) back then.

When Oct hit the raw data went down massively to 76% and the over lays flourished.

Richard Latimer

Purple is over 2.5 lay, the other 2 potential under 1.5 lays providing no higher than 6.0 to lay when I take the trade.

Richard Latimer

Lay under 1.5 providing 6.0 or less when I hit the hay

Richard Latimer

Rest for today. Purple are over 2.5 lays, remainder are under 1.5 lays:

Richard Latimer

Lay under 1.5 @6.0 or less:

Richard Latimer

For Friday. Purple are lay over 2.5, blue lay under 1.5:

Max lay odds for 1.5 under lays = 6.0

Richard Latimer

Lay Over 2.5:

Richard Latimer

Lay under 1.5

Richard Latimer

The rest of this weekend for me. All under 1.5 lays if 6.0 or better in price:

Richard Latimer

Part one of the weekend. All under 1.5 lays: