Your profits are usually measured in years, not days. If you do not use a betting bank you are bound to fail. You should use level stakes, once successful you can then improve your profitability. If you do not use the exchanges, you may as well throw money away. After a good or bad day, forget it after the last race, start working on tomorrow. You should not drink alcohol and bet. If you spend your winnings, you will never build your betting bank up. If you make 5% profit in a year, that is still more than the bank. Join Win2Win for a month, and have direct advice from the professionals. If your are having a drink, write your bets & stakes down before you start. Do not back in Amateur or Apprentice races unless you are sure of both the horse and the jockey. One should try not to be swayed by reports or tips on horses in newspapers, unless they are proven successful. Always re-check ground conditions on the day.
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