Australia’s love of horse racing is proven by the fact that the Golden Slipper is the richest race for two-year-old thoroughbreds in the world. The race is run at the Rosehill Gardens track every April, with $3.5 million dollars at stake. It’s a fast and furious race which attracts entries from all the Aussie states [...]
Previous articles in this series covered the following topics: (1) Unrealistic expectations (2) You will experience losing periods (3) Probability will affect your bank (4) Understanding market percentages Today I want to talk about what I consider to be the key to successful punting and that is discipline. We have all witnessed an emotional and [...]
DD: When was Two Way formed and what does your company do? BR: Two Way was formed in 1991 and listed on the stock exchange in 2004. We develop advanced interactive media and gambling applications. These include Sky Racing Active, the interactive TV betting service now being offered by Tabcorp to Foxtel subscribers. We also [...]
Most punters have a very selective memory. They tend to recall all the good wins but rarely discuss the many losses in between. Essentially if you are not recording your bets it’s because you don’t really want to face the fact that you are probably losing money. Here are some facts you need to consider [...]
Last week I discussed having realistic expectations in terms of profit and profit on turnover. Today I want to emphasise the fact that you will have losing runs. Probability has an effect on all things in daily life. Even the best judges should expect and will experience losing runs over any reasonable length of time. [...]
Last week we discussed the favourite/longshot bias which shows that the rate of return decreases as price increases. That is, punters tend to under-rate the winning chances of favourites and over-rate the winning chances of longer priced horses. To demonstrate this is more than just a theory, today we’ll take a look at the profitability [...]
