https://www.betfairtradingblog.com/value-betting-and-betfair-trading/ Found this interesting article Peter Webb from BetAngel wrote about Value Betting a few weeks ago. He touches on a few good points about how not to lose your head when on big win or loss streaks and the importance of measuring success in the strategy over a long period:
’I’ve learnt to be very level headed, even when things are going fantastically well. That is because I know that will help me cope when things are not going so well. Because of this, an exceptional loss doesn’t feel so bad and a big win feels like it’s just pre-paying a potential loss. All I care about is that I am up at the end of the cycle.
Rather than measure any value-based strategy on a particular day, week or month. You have to measure over a much longer period.’
This is a great approach to have when it comes to Value Betting IMO.