<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:media="http://search.yahoo.com/mrss/"
	>
<channel>
	<title>Become a better punter </title>
	<link>https://www.hotshotwinners.com.au/better-punting</link>
	<atom:link href="https://www.hotshotwinners.com.au/better-punting" rel="self" type="application/rss+xml" />
	<description>It is a generally accepted fact that more than 97% of punters LOSE at the racetrack.

You may be surprised to learn that the main reason is not because they can&rsquo;t pick a winner.

Many experts, perhaps surprisingly, believe that the single biggest difference between WINNING and LOSING is the psychological approach adopted by most punters.

One approach to combating this problem is to learn the behaviours that cause otherwise rational people to lose at punting and then NOT DO those same exact things.
</description>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>


<item>
<link>https://www.hotshotwinners.com.au/better-punting/winners-come-in-bunchesand-so-do-losers_117s37</link>
<title><![CDATA[Winners come in bunches&#133;and so do losers]]></title>
<description><![CDATA[The Mathematics of Winners Coming In Bunches
]]></description>
<content><![CDATA[Difference between Winning and Losing at punting

Many experts, perhaps surprisingly, believe that the single biggest difference between WINNING and LOSING is the psychological approach adopted by most punters.

The fact is most punters indulge in self-destructive behaviour patterns which keep them working and the bookies eating caviar and drinking champagne.

In addition to the natural tendency of people to be motivated by Fear and Greed (refer article Fear and Greed &hellip;the Primary Motivators), many punters simply don&rsquo;t understand that winners and losers are an inevitable part of the punting process.

If they have a bad week, they start to blame the selection method and start to change it. This is simply the natural reaction to the fear and greed that they are feeling.

This article describes how to prepare oneself psychologically to go from thinking like a loser to thinking like a winner.
]]></content>
<guid isPermaLink="true">https://www.hotshotwinners.com.au/better-punting/winners-come-in-bunchesand-so-do-losers_117s37</guid>
<pubDate>09 Nov 2023 05:51:00 GMT</pubDate>
<enclosure url='https://www.hotshotwinners.com.au/uploads/117/37/med-blog-winners-losers-bunches.jpg' length='58612' type='image/jpeg'/>
</item>

<item>
<link>https://www.hotshotwinners.com.au/better-punting/the-value-revolution_117s36</link>
<title><![CDATA[The Value Revolution]]></title>
<description><![CDATA[Find out about the &quot;Value Revolution&quot;
]]></description>
<content><![CDATA[What is the value revolution?

Don Scott, an Australian punting legend first coined the phrase &ldquo;Value Revolution&rdquo;.

Scott defined Value in horse racing as when a horse&rsquo;s available price (with either bookmaker or TAB), was better than its &ldquo;true price&rdquo; (as calculated by Scott).

Any punter that obtains such value has a serious statistical edge over the rest of the market.

A statistical edge is when either a statistical event, such as a race winner, occurs more often than the market believes it should, or when the winner&rsquo;s price is better than the market perceives it to be.

Imagine you were tossing coins with &ldquo;Simple Simon&rdquo; and you bet $1.00 that Heads would be tossed and Simon bets $1.00 that the outcome would be Tails.

In other words, if a Head is tossed, Simon pays you $1.00 (giving you a $2.00 payout), and if a Tail is tossed, Simon gets a $2.00 payout.

After 1,000 tosses, we all know that there would be approximately 500 Heads and approximately 500 Tails&hellip;but is very unlikely to be EXACTLY 500 and 500.

The outcome of the game is that both of you would be approximately square at the end of 1,000 tosses. This is called a Statistically Fair game because neither party has an edge.

It is ONLY possible to make a profit in a statistically UNFAIR or biased game.

This article discusses how to recognise a statistically unfair game, and how professionals capitalise on it when they find such an event.
]]></content>
<guid isPermaLink="true">https://www.hotshotwinners.com.au/better-punting/the-value-revolution_117s36</guid>
<pubDate>09 Nov 2023 05:50:00 GMT</pubDate>
<enclosure url='https://www.hotshotwinners.com.au/uploads/117/36/med-blog-value-revolution.jpg' length='73777' type='image/jpeg'/>
</item>

<item>
<link>https://www.hotshotwinners.com.au/better-punting/taking-the-long-term-view_117s35</link>
<title><![CDATA[Taking the long term view]]></title>
<description><![CDATA[The fact of the matter is that there will be winning days and losing days.
]]></description>
<content><![CDATA[What is the Long Term View?

Throughout these series of articles we consistently stressed that in order to win, punters need to take a long-term view. But really what is a long term view, and why is this long term view so important?

Let&rsquo;s define a long term view as at least 12 months betting action. The reason we choose twelve months is that statistically speaking:


	the more data points you have the more confidence you can have in your forecast
	you need at least 100 data points to make any meaningful predictions.


Although twelve months is a convenient (but arbitrary) number, we can make some reasonable predictions from such a data set.

Statistically, trying to make conclusions from one good (or bad) day on the punt is a fool&rsquo;s errand.

Unfortunately that is exactly what most punters try to do. If they have a bad day on the punt, they blame the selection process and try something new.

This is one of the main reasons why punters do only one thing consistently&hellip;lose.

The fact of the matter is that there will be winning days and losing days. The importance of the Long Term View is that by understanding the selection process and the random fluctuations around it, you will not panic after a losing day or two. When you are in a losing run, you will be mentally prepared for the winning run that is to follow.
]]></content>
<guid isPermaLink="true">https://www.hotshotwinners.com.au/better-punting/taking-the-long-term-view_117s35</guid>
<pubDate>09 Nov 2023 05:48:00 GMT</pubDate>
<enclosure url='https://www.hotshotwinners.com.au/uploads/117/35/med-blog-long-term-view.jpg' length='73207' type='image/jpeg'/>
</item>

<item>
<link>https://www.hotshotwinners.com.au/better-punting/lies-damned-lies-and-statistics_117s34</link>
<title><![CDATA[Lies, Damned Lies and Statistics]]></title>
<description><![CDATA[Reliability of Race Tipping Services
]]></description>
<content><![CDATA[How reliable is the info you use everyday?

Whilst there are a few race tipping services available today that are actually pretty good, many simply will NOT make you any money.

They will promise the earth through slick advertising but simply will not deliver long term profits. A common advertising trick is to offer fantastic strike rates. The truth is that strike rates can be artificially inflated simply by providing more tips in a race or selecting more races with shorter priced favourites.

The more runners selected or the shorter the price, the greater the strike rate.

For example, if you are comparing two services and one, Service A of them tips 3 selections per race at 60% strike rate and the other Service B tips one selection per race at 40% strike rate, which one is the better service?

Trying to compare strike rates alone is hopeless. In order to answer the question of which service is better you absolutely MUST know what the returns are. Ask yourself: Would you rather have a 60% strike rate and a 10% LOSS on turnover or a 40% strike rate and a 10% PROFIT on turnover?

But, how is that possible? Surely having a better strike rate is a better deal?
]]></content>
<guid isPermaLink="true">https://www.hotshotwinners.com.au/better-punting/lies-damned-lies-and-statistics_117s34</guid>
<pubDate>09 Nov 2023 05:45:00 GMT</pubDate>
<enclosure url='https://www.hotshotwinners.com.au/uploads/117/34/med-blog-lies-and-statistics.jpg' length='39787' type='image/jpeg'/>
</item>

<item>
<link>https://www.hotshotwinners.com.au/better-punting/fear-and-greed_117s33</link>
<title><![CDATA[Fear and Greed]]></title>
<description><![CDATA[
The demon twins of losing on the punt

]]></description>
<content><![CDATA[The difference between winning and losing

Many experts, perhaps surprisingly, believe that the single biggest difference between WINNING and LOSING is the psychological approach adopted by most punters.

The fact is, most punters indulge in self-destructive behaviour which keeps them working while the bookies dining on caviar and sipping champagne.

In a previous article, &ldquo;Bad Punting Behaviour&rdquo; we suggested that one approach to combating this problem is to learn the behaviours that cause otherwise rational people to lose at punting and then NOT DO those same exact things.

Of course, this is easy enough to say, but not always so easy to do.

In this article we will explain WHY people have these habits and HOW to combat these natural tendencies.
]]></content>
<guid isPermaLink="true">https://www.hotshotwinners.com.au/better-punting/fear-and-greed_117s33</guid>
<pubDate>09 Nov 2023 05:43:00 GMT</pubDate>
<enclosure url='https://www.hotshotwinners.com.au/uploads/117/33/med-blog-fear-greed.jpg' length='34446' type='image/jpeg'/>
</item>

<item>
<link>https://www.hotshotwinners.com.au/better-punting/bad-punting-behaviours_117s31</link>
<title><![CDATA[Bad Punting Behaviours]]></title>
<description><![CDATA[Keeping your head whilst others around you are losing theirs.
]]></description>
<content><![CDATA[Many experts believe that the main reason most punters fail to turn a profit each year is because their desire to win is not great enough.

Or as U.S. racing&rsquo;s speed ratings guru Andy Beyer once said:

&quot;The next best thing to winning at gambling is losing at gambling&quot;.

The fact is most punters indulge in self-destructive behaviour patterns which keep them working and the bookies eating caviar and drinking champagne.

One approach to combating this problem is to learn the behaviours that cause otherwise rational people to lose at punting and then NOT DO those same exact things.

Easy enough said, but not always so easy to do, especially for those inclined to bet in every race.

If you do bet in every race, you cannot possibly win at horse race punting!

Punters have to &quot;pick their spots&quot; very carefully until they feel they have an edge of some kind and can turn a profit. But why do people actually lose and lose continually? Basically it gets back to the fact that most people bet emotionally. They are in a constant state of emotional reaction.

That is, they are forever reacting to the emotional roller-coaster of winning and losing, losing and winning. When they win, they become invincible and bet too much and when they lose they become reactive and start chasing losses&hellip;usually betting far too much.

Psychologists have studied the losing habits of punters (and investors) and most of these can be summarised as:


	Betting too many races
	Lack of preparation
	Random bad luck
	Having no plan before entering the racetrack or T.A.B .
	Bad information
	Early losses
	Constantly changing their mind and choices during the day
	Constantly asking horses to run past their pedigree
	Not keeping track of all their wagers.


Simply eradicating, or at least minimising, these self-sabotaging behaviours has the potential to convert any punter from a loser to a winner.

The remainder of this article examines these behaviours and how to go from losing to winning.
]]></content>
<guid isPermaLink="true">https://www.hotshotwinners.com.au/better-punting/bad-punting-behaviours_117s31</guid>
<pubDate>25 Oct 2023 06:58:00 GMT</pubDate>
<enclosure url='https://www.hotshotwinners.com.au/uploads/117/31/med-blog-bad-behaviours.jpg' length='43230' type='image/jpeg'/>
</item>

<item>
<link>https://www.hotshotwinners.com.au/better-punting/betting-strategies_117s30</link>
<title><![CDATA[Betting Strategies]]></title>
<description><![CDATA[Without doubt, the best strategy is the K.I.S principle.
]]></description>
<content><![CDATA[The Lure of the Exotic

Traditionally, bookmakers offered only Win and Place betting.

Since the introduction of TABs in the mid 1960&rsquo;s, various new so-called exotic products have also become popular.

These include

&bull; Quinellas (where you need to select the first two in any order)

&bull; Exactas (where you need to select the first two in exact order)

&bull; Trifectas (where you need to select the first three in the exact order)

&bull; Quadrellas (where you need to select the winners of four nominated races.).

Some recent additions to the exotics offered include

&bull; All ups (where you decide how many consecutive winners and/or place getters you want to try for on any selected race combination, even across states)

&bull; Duets (where you need to select any two place getters in a nominated race)

&bull; First Four (where you need to select the first 4 place getters in order).

Today, the big corporate bookmakers also offer most of these exotic products, and make no mistake, they are very lucrative products&hellip;for the bookmakers!

The lure to the average punter is the promise of the huge dividend for a small outlay. Some of these exotic dividends can pay off at huge prices, but of course these pay offs reflect the degree of difficulty of actually winning.

Before you start throwing money in all directions, you need to first, master Win and Place betting. Mastering Win and Place betting is simply being able to win consistently when betting for a Win and/or a Place. There is no point even looking at exotics until you can do this.

This article shows you how to master the basics of Win and Place betting.
]]></content>
<guid isPermaLink="true">https://www.hotshotwinners.com.au/better-punting/betting-strategies_117s30</guid>
<pubDate>25 Oct 2023 04:31:00 GMT</pubDate>
<enclosure url='https://www.hotshotwinners.com.au/uploads/117/30/med-blog-strategies.jpg' length='40051' type='image/jpeg'/>
</item>

<item>
<link>https://www.hotshotwinners.com.au/better-punting/punting-like-a-professional_117s32</link>
<title><![CDATA[Punting like a professional]]></title>
<description><![CDATA[In order to succeed as a punter, you need Methodology &amp; Confidence
]]></description>
<content><![CDATA[The professional punters edge

A professional investor (or indeed, punter) needs two assets above all else:


	A methodology that gives a mathematical edge over the rest of the market
	The confidence to continue when the inevitable losing streak occurs.


Hotshot Winners provides a service that gives the average punter a mathematical edge. However, confidence is an ever-changing kaleidoscope of extremes in emotions, depending on whether a punter is winning or losing.

The thing to remember is that everybody goes through the same emotional roller coaster. The major difference is in how these emotions are managed. The professional punter knows that some losses are inevitable and therefore has a plan on how to manage these emotional highs and lows.

There are several steps the professional takes to maintain their confidence:


	Maintain Emotional Neutrality
	Budget for occasional Losses
	Prepare and Stick to a Betting (or Staking) Plan.


This article talks about these issues and gives some tips that will definitely increase your punting confidence.
]]></content>
<guid isPermaLink="true">https://www.hotshotwinners.com.au/better-punting/punting-like-a-professional_117s32</guid>
<pubDate>24 Oct 2023 07:39:00 GMT</pubDate>
<enclosure url='https://www.hotshotwinners.com.au/uploads/117/32/med-blog-punting.jpg' length='44913' type='image/jpeg'/>
</item>

</channel>
</rss>
