The Hidden Cost Of Being A Professional Gambler

Today I’ve got another gem from the Horseracing Pro for you, and it’s a great piece about betting temperament.

I feel I cannot stress the importance of temperament enough in these pieces. We can all find our own method of working, and of course, if we do not deliver the necessary quota of winners we will fail. But the reverse and perverse side of the coin is that it is possible to even exceed the required amount of winners selected but still lose owing to a basic character fault. Such a fault is not something to be ashamed of, it may mean some adjustment or it may mean you have to face facts and accept you are not cut out to be a professional gambler, in the same way as some people will never be actors or salesmen. One of life’s important lessons is to be comfortable in your chosen profession. If you are not you cannot expect to perform to your best and it is preferable to turn your attention to something that suits.

Read the full story at HighClassEquine.com

Image via DeltaSociety.blogspot.com

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Top Tips For The All-Weather Horse Racing Season

With National Hunt jumps fixtures falling victim to the current cold snap, all-weather racing has come to the fore.

Can we profit from all-weather racing? Yes.

Lead writer Lee Greenhill at HorseSpy has penned a superb article about the use of speed figures to handicap races.

Read the full story at HorseSpy.co.uk

Image via eHarmony.com

Hopefully this has provided a simple method to calculating track variants to form a comparable speed figure for each animal. Everyone has their own method that suits their style, but in my opinion I would always favour a simple and quick method so as not to spend too much time in calculating figures and compiling the day’s ratings.

More articles on Speed Ratings

Compiling A Tissue

To make your betting profitable, it’s essential to make sure you get the best value from your selections. Compiling your own tissue prices is one way to ensure that the odds you take about a horse represent enough value for you to be successful over the long haul.

Chris Worrell has put together an excellent piece over at GeeGeez which shows you how he goes about analysing a race, and coming up with his own tissue odds.

Read the full story at GeeGeez.co.uk

Image via theSun.co.uk

Backing 2/1 horses at 4/1 is the way forward where possible, of course! But by not knowing the “true” price of a horse, you may well end up doing the exact opposite.

More articles on Value Betting

Betting Banks: Why You Need One for Backing And Another For Laying

How's this for one of the most patronizing intros to a blog post you'll read today.... If you want to take betting seriously effective money-management is essential. The first place to start is by setting up a betting bank.

 

Of course, we all know this. So what can I tell you that'll stop you simply closing this post, and moving onto something new?

 

Betfair accredited trainer Jonathan Burgess has expanded on the topic of betting banks, and discusses the benefits of using more than one betting bank.

Read the full story on False-Favourites.co.uk

I wanted to share this article with you because Jonathan speaks a great deal of sense when explaining how the use of more than one betting bank is the best way of monitoring the profit and loss from various betting systems and tipsters.

Image courtesy of False-Favourites.co.uk

Having a dedicated betting bank separate from other expenses allows you to bet objectively, and without the distraction of emotion. Jonathan's article also includes a couple of neat instructional videos.

Laying to maximum liability has shown to not only reduce the overall risk but it does not significantly reduce the bankroll growth. The only problem is that you have to be able to bet to a minimum stake of £2 on Betfair.

 

More articles on sensible betting money-management...

You'll find a number of articles on risk and money-management over at SkyBlueKangaroo. My blog 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.

Visit SkyBlueKangaroo.com

 

 

REVIEW: SkyBlueKangaroo and Paul Whelan

I thought I'd gotten away unnoticed with my experimental facial hair project earlier this year. Clearly I was wrong.

 

Keith Eckstein is the man behind the entertaining, and equally educational horse racing blog 'The Horse Racing Scholar'. Playing a latter-day Eamon Andrews he's recently posted a piece about Yours Truly and my blog at SkyBlueKangaroo.com

 

Read Keith's review of SkyBlueKangaroo here [...]

 

I'd love to know where he found THIS picture....

 

 

Keith wants to interview me as well, so watch this space. Meantime, I'm off to get a shave!

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