No taxable wins all year, which is pretty sad. Any respectable player should have multiple IRS tickets each year.
What’s worse is that I’ve bet about 50% less this year.
Been a tough 11 months!
rd, a few comments:
1) Props for tracking your +/-$$.
2) You know the saying in Gambling: "Need a short-term memory."
...As in, FORGET about the losses (LOL).
You're a veteran. You've shown me your skill.
Gambling is a very tough venture. For starters, you identify the Hold/Take/Rake which serves as the house take-out.
This is IMPORTANT. Best example I can think of = Poker Players.
...EVERYONE thinks they're a winning player.
...Really? House take is at least 10% and often 20%+ for Tournaments.
...That's a big hurdle. And most players just ignore it.
Sorry to ramble. I don't think the minus-figure is a cause for concern:
a) You've been thru the Horse cycle.
b) Review your process and think about whether you're identifying +EV bets.
c) Do you feel like you've been on the negative side of Variance?
You know I'm a fan. You know I'm pulling for you. Let me know if you need anything.