It feels like it has been a long week. The excitement of Cheltenham, the losing days and the big 4PA rescue on the Friday, and now a poor weekend. If I could, I'd take a holiday from betting, just to recharge the batteries. But now is not the right time for that. That will have to wait.
Very quiet on the racing front, with only PJA and Northern Monkey in action. Neither service could find a winner, the only return coming from Northern Monkey, one of whose selections came third (Luisant - The Curragh - 9/2).
PJA NH: Staked 0.75pts, -0.75pts.
Northern Monkey Punter: Staked 1.75pts, -0.687pts.
Total financial loss on the racing of £28.74.
Unfortunately Football Elite had a poor weekend of it, two losers from two today. Shaolin Betting also had two selections, one of them a successful one (Chelsea -1 on the handicap vs City) for a small profit.
Football Elite: Staked 2pts, -2pts.
Shaolin Betting: Staked 2pts, +0.25pts.
Total financial loss on the football of £187.50.
Sunday 20th March: Staked £350, -£216.24.
Week: Staked £4,537, -£203.17.
Month to date: Staked £11,504, +£370.05, roi 3.21%.
So a losing week, the first for a little while. Wading through treacle is the phrase that comes to mind when I look at 2011 so far though. After staking over £40k, I'm the grand total of £140 up! This all seems a far cry from the nice profits made over the second half of last year, at a decent roi too. What has hit hard is that each month has seen a disaster month for either one or two services that has simply been too heavy for the remainder of the portfolio to do anything other than keep the whole thing afloat. I have heard that this is all part and parcel of the game, that it is not uncommon for portfolios to perform like this and in fact it is a good thing. The theory goes that if you can stay with your nose just above water whilst things are not going well, then you are in a great position when things take a turn for the better. This is the first time this has happened to me though, so whilst I understand it may all be natural, it is currently feeling like a struggle. Of course, when this period ends and good profits are made, I will feel all the stronger for working through what is happening at the moment. That is the value of experience. It's just a shame that there is only one way to gain it.