As punters we are all aware of week to week variance, but, those of you who are learning, here is a good example of long-term vs short-term variance.
As with every investment punting has it’s ups and downs, sometimes you feel untouchable and other times you feel like you’ll never back another winner again. The great punter Harry Findlay sums it up well.
“WHEN YA BACKIN WINNERS, WHEN YA FLYIN, WHEN YA THINK YOU’RE UNSTOPPABLE, YOU’RE NEVER AS GOOD AS YOU THINK YOU ARE. ‘AND WHEN YA DOWN AND OUT, WHEN YOU’RE STRUGGLING, YOU’RE NEVER USELESS, YOU’RE NEVER AS BAD AS YOU THINK YOU ARE”
Professional punting has many intricacies that only a handful master. Finding winners some say is the easy part, what’s the hard part then? Mental toughness and bankroll management!
Many people sign-up to a punting service expecting to get rich quick, they want to get their tips, every selection to win and set themselves up for life. This is the undoing of many who take the first step in trying to become a successful punter.
When people join our service with a mindset of using punting as a second wage or a business they always succeed. Just imagine you want to double your investment each year, by regular investment standards that would be amazing. Here at professional punting our horse and greyhound services have averaged over 200% ROI per year, to some that still seems to take to long as they want to double their money the first Saturday.
If a punter only makes 1 unit profit per day that’s 365 units profit per year, and that would be above the long term average of any professional punter. To treat your punting like an investment you can’t look at it as a day by day proposition financially, you need to play the long game and let your investment grow. That’s why we use a 100u bank structure to allow for the variance that punters experience. See our betting strategy guide for more info.
Below are two graphs, the first is Luke Murrell’s 22 year profit and the second is this years profit. They illustrate that over a long period of time punting is a very stable and highly profitable investment. But taken over a few months although still very profitable, you see the variance that punters experience. It’s during this variance where the less disciplined punters drop off. They love you when your winning but when your going through a lean patch they think it’s better to stop as they don’t have a long-term mindset.
So when things are lean, toughen up, play the long game and keep your eye on the actual goal, not just backing winners but to make your money grow.