The process and challenges in achieving success as a punter is a lot different to what most people perceive.
The typical mindset is something along the lines of: “If I just find a good selection strategy that makes a profit, then I’ll be set.”
As a result, most punters tend to focus all of their time and effort on trying to find the perfect selection strategy. When they go through a losing run they conclude that their current selection strategy must not be profitable, so they abandoned that approach and search for something new.
A good start with a new selection strategy fuels tremendous enthusiasm that “I’ve found the right approach” but eventually a losing run comes, confidence falls and an inevitable conclusion is reached that “this can’t be the right strategy either!”
The search for a new approach begins again… and the cycle continues to repeat. Many punters remain in this cycle of change in search of the perfect selection strategy for their entire punting career.
The greatest challenge we face in achieving success as a punter is not finding a good selection strategy (there are many), but being able to deal with negative betting variance i.e. losing runs!