I have a profitable racing strategy, but somehow I have managed to do serious damage to my bank by not being disciplined.

But I must confess, as good as I believe my strategy is, it’s slow earner, meaning greed can easily get the better of you, by either over staking, or looking elsewhere for the quiet days where there are no bets.

Hopefully I have learnt my lesson and will be far more disciplined from now on.

Having been fairly discipline so far the key will be focus. Things are going good at the moment, the bank is going up at a steady rate, and there have been no major losses. I have managed to stick to betting on only league soccer games for the most part and small dabbles on the Africa Nations Cup, where I felt more then confident on the results.

I have to be honest with myself and confess that I feel I am not taking enough bets. This means my bank is growing at a fairly small rate, if I were to suffer a decent loss it would take weeks to recover and that is where discipline is going to come in big time.

When things are going good and its smooth sailing, it’s very easy to stick to the plan. When you hit losses you start to question yourself, question your systems and sometimes try different and unnecessary bets and systems.

Hopefully this little documented note to myself will help me through the tough times, because just like any investment there will be downs.

I am in this for the long run. Payday is around the corner and I will have to be tweaking my budget so as to put in another $100.

The weekend has been good to me and the results have been positive on my bank balance. I had told my self I would only be focusing on Soccer, but on Friday there was an opportunity I could not pass up in the Cricket match between Australia and India. Batting last Australia were set a target of more then 400 to win the match. There was more then enough time for the result (more then 2 days); the weather forecast was good for the next couple of days, so a result was virtually guaranteed. Logging in to Betfair I found the odds too good to pass up, India were 6/10 (1.6) favorites with a win in my opinion virtually guaranteed. People were blinded the 16 win streak Australia had achieved and were blinded to the fact that chasing down more then 400, batting last, is not an everyday occurrence, and definitely the price for India and Australia (16/10 or 2.6) was definitely unrealistic. Without hesitation I invested in an India win and was rewarded nicely. This was an excellent investment chance, fairly low on the risk side and with a decent reward.

What people need to remember here is that not all investments will return a positive outcome. People do buy stocks and they go down, and you just have to stomach it as a loss and just like in the betting you will lose some, but as long as you focus on the long run and come out on top.

Clearly I won’t be getting rich quick, but I won’t be losing money either.

Below is a basic graph of the projected bank growth.

Once a month or so I will try and publish how I am faring so far.

Good Luck to me.