What are Heuristics & Why Bettors Should Understand Them?

How many times have you done this? You've convinced yourself (and maybe others) that you've used extensive form analysis to make a logical selection in the big race. But in reality, you've gone with a gut instinct.

 

We employ these 'rules of thumb', or heuristics as their known by head quacks, in all areas of our lives. But I stumbled across this intriguing article on the Pinnacle Sports website which looks at how heuristics play their part in betting.

 

What bettors need to know about heuristics [...]

 

I'm sharing this piece of content with you today, because for me, a firm grasp of betting psychology is essential for success.

 

 

I particularly warmed to the section on 'escalation of committment' or 'throwing good money after bad'. How many times have we all continued to sink money into a betting system which we know, deep down, isn't working?

 

The gambler’s fallacy is closely related to the Hot Hand Fallacy, which is the belief in streaks of good/bad luck. Where someone experience what seems like an atypical sequence of events, they infer some special significance i.e. I am on a hot streak, or my luck is out.

 

Not too long ago I posted an article called Life Is A Roller Coaster which touches on unlucky losing runs.

 

Remember, my blog at SkyBlueKangaroo is written just for you. If you're looking to improve your betting success that is.

PAWS (Personal All-Weather Selections) - Final Review

Today I've got news on a betting service that's received favourable reviews from various quarters recently.

 

I'm highlighting the review posted over at the CashMaster Blog

 

Here's the Full 90-Day Review of PAWS [...]

 

I haven't posted any betting system or tipster service reviews for a while, so I thought it was timely to get up-to-speed again with what's currently being touted.

 

 

(Did you see what I did there?)

 

Back to business, and this service did produce a profitable return over a 90-day period, and interestingly they've calculated a figure for Return On Time invested. There's quirky!

 

The bets arrive by email usually between 10 and 11 am. Placing bets takes around 5 mins. I placed bets on BOG bookies. The prices advised by PAWS were nearly always available.

 

For more betting system reviews drop by my blog at SkyBlueKangaroo.com

 

David Pipe - Trainer In Focus

David Pipe had some extremely big shoes to fill when he took over the training licence at Pond House. His father is fifteen times champion trainer Martin Pipe. Enough said.

 

Stephen over at Betting Expert has penned an enthralling piece on David Pipe, well worth a read.

 

David Pipe - Trainer In Focus [...]

 

The Pipe stable has been enjoying a welcome run of form recently, so this article is 'hot contents' at the moment.

 

 

Stephen's article discusses stable star Grands Crus, and presents some interesting statistics on the yard's performance over the last 5 years.

 

In his early days Martin Pipe had a reputation as something of a gambling stable before he came to dominate the sport like noone before, and the Pond House operation under David is certainly a yard to follow when the cash is down.

 

Remember, my horse racing and betting systems blog is written to help you make your betting pay. Take a few moments to browse through some of the articles and tutorials.

Are You An Investor, Or A Gambler?

Do you have what it takes to be a successful punter? I'm talking long term, not just between now and Christmas.

 

Betfair accredited trainer Jonathan Burgess writes at his blog False Favourites and recently he asked that very question in a post you can read at this link.

 

Are you an investor or a gambler? [...]

 

I wanted to share this with you today, as the discussion about two emails from two customers really struck a chord with me.

 

 

Jonathan examines why some punters make a long term profit, whilst others struggle. He suggests it boils down to an ability to follow instructions. Do you agree?

 

....if you had to cross shark infested water, it would make sense to follow someone one who has already done it successfully wouldn’t it?

 

What I think the piece demonstrates above all, is that we all have different betting personalities.

 

Don't forget, my blog at SkyBlueKangaroo.com is dedicated to helping you make your betting pay. Hop on over to read about horse racing systems that work and to browse the growing collection of betting articles and tutorials.

 

Betting Profits Throughout The Winter All-Weather Season

Speed ratings have proven to be one of my most potent strategies for highlighting winners, and I've found they work best right now, during the winter season. Furthermore, I've found I can achieve better profits when I focus solely on racing at the all-weather tracks, largely because of the consistency afforded by standard Going conditions.

 

Lee Greenhill over at Horse Spy has written a superb piece on the use of speed figures with all-weather racing.

 

Read Lee's Top Tips for the All-Weather Horse Racing Season [...]

 

Lee has taken the time to differentiate turf form ffrom all-weather form, and I can persoanlly vouch for the value of doing this.

 

 

The post discusses in detail how to calculate speed figures, and also takes a look at how weight affects your ratings.

 

Once I’ve determined that a horse’s performance can be classed as underestimated or overestimated against the same class of animal, I have a slight edge on the market with my opinion of how future races will pan out.

 

Be sure to check out an article on speed ratings at my blog ... arguably the only betting system that really matters

 

Don't forget, my blog at SkyBlueKangaroo.com is dedicated to helping you make your betting pay. Hop on over to read about the horse racing systems that work and to browse the library of betting articles and tutorials.