November - Smile, It's My Monthly P&L Graph

I did note in my October review my certainty that I would be profitable in November. So, task achieved? Well, yes, but not without my customary early-month losses, followed by the now familiar hard-earned recovery.

Looking at my P&L, there are similarities with October, in that most of the month was spent in the red. But there were two major differences to the previous month –

i. There was no last-day disaster, meaning that I ended November with a modest profit of £325.
ii. I spent less time beating myself up about losses.

A number of the month’s reverses were simply down to the unpredictability of sport. I think this helped me to move on and avoid chasing.

I went into negative territory on the 4th of the month, courtesy of a couple of horse racing lays going astray, and reached a low point mid-month following a period struggling with a limited bank, topped off with a bet on Vincent Van der Voort to beat Anastasia Dobromyslova in the Grand Slam Darts – I can always find a shock result to kick me when I’m down.

So that brought about a hardening of attitude, helped by my blog commitment noted above. Fifteen successive winning days later, I can look back on the month in a positive light.

The star sport for the month was horse racing. My method is straightforward – lays, no magic system, just review the information available to me on a race-by-race basis. I’m sure these things go in cycles, but I have certainly had a hot streak over the last few weeks. I generally stayed away from tennis, making just a small profit, but had a tough time with football – I still can’t believe some of the results that went against me. My sundry sports bets were less successful than of late – losses on darts, basketball and cricket.

Once again, when I’ve been in a hole, I’ve had the focus and determine to dig myself out. It would be nice to transfer that focus towards making profits rather than just recovery missions. I could do with a cash injection as Christmas approaches.