Tuesday, 22 September 2020

Psychology of Slot Machines

PSYCHOLOGY OF SLOT MACHINESThe old-style fruit machines. 

Just a bit of fun. I doubt too many addicts would agree. However, the mentality of gamblers varies from one extreme to the other. Some bet and walk away, while others simply cannot stop pulling that one-armed bandit or pressing a flashing button until they are broke. 

Interesting how people vary so much. People do their own thing. Some, I guess, are more likely to be addicted to gambling or a certain type of gamble. When over 50% of the population bet, it is a worry for those who realise too late that a ''seemingly'' innocent pastime has cost them their home, marriage and life. 

Fruit machines are one of the most addictive forms of gambling. 

As a child, I used to go to Caister-on-sea for our annual holiday. Every September, missing the first week of the new school year because dad loved his racing at Great Yarmouth. Holidays were cheaper. I didn't like school so I would have opted for one long holiday fifty-two weeks a year. Anyway, the arcade on the holiday camp was ideal for two brothers who liked the look of the fruit machines. It was in the 1970s so we were talking pretty basic stuff. They even had a few of those old, chromed numbers with the Indian head, the class one-armed bandits which these days are collector's items and go for a few grand a piece. We were in our element. A pocket of twopences and motivated by the lights, noise of coins paying out willingly. The smell of hot dogs drifting in the air. Mum and dad listening to the entertainment. Dad with his brown and mild. Happy times. We played those machines with spirit. Not sure, thinking back, what was going through my mind. I guess it was the thought of winning. When you have a pound's worth of change in your pocket anything seems possible! 

Win or lose it didn't make any great difference. Basically, it was fun. I don't regret betting or my parents suggesting it was okay or acceptable. Like father like son. I will be forever proud of my dad.    

In some respects, betting from such an early age may have been a good thing. It brought a realisation that to win at gambling you need to have intelligence and discipline. By the time I was a teenager I was bored to death with fruit machines. I realised they were fixed odds, so long term you simply couldn't win. 

I hadn't played a slot machine in years but thought I'd have a bit of fun on Saturday evening. I use Betfair for betting horses on the exchange but they have everything on the website including online slots. 

I thought I'd bet a tenner. 

Slot machines are very different from the good, old days. But one thing that came to mind was the amount of psychological research which must go into making these games big money makers from casinos, bookmakers or whoever sets these businesses up.

They are made to keep you betting and they have cracked that aspect of betting without question.  

I won £200, so good luck favours the brave. Stopped playing and very much doubt I will be playing for a good few months.  

Wednesday, 26 August 2020

1966: A Year of Sporting Victories

What a year. 

Like the battle of Hastings in 1066, football fans will never forget the year when England won the World Cup 1966. 

As the quote goes: ''They think its all over...'' Kenneth Wolstenholme's commentary on BBC when England beat Germany 4 - 2. 

He said: And here comes Hurst! He's got...

Some people are on the pitch! They think it's all over!

Whatever your fancy, Sun Bets has lots of great offers.   

It is now, it's four!    

I get the feeling we will have to wait until 2066 to see another FIFA World Cup for our beloved football nation. 

Here is a quick summary of other sporting winners in this famous year.

Tennis: Wimbledon 20th June - 2nd July

Manuel Santana wins the men's final. While Billie Jean King wins the women's. 

Grand National 1966 - Aintree

Anlgo wins at odds of 50-1 for trainer Fred Winter, ridden by Tim Norman. A 20-length victory beating Freddie who was runner-up the year before. 

Gold Cup 1966 - Cheltenham 

Almost as well known as England winning the World Cup, equine star Arkle made this a historic Gold Cup winning for the third time in consecutive years. Tom Dreaper trained this amazing nine-year-old for the Dutchess Of Westminster, ridden by Pat Taaffe at odds of 1/10f. 

More Horse Racing 

Flat racing:

The English Triple Crown wasn't achieved. We had to wait until 1970 for Nijinsky to win the 2000 Guineas, Epsom Derby and St Leger. He went on to win the Irish Derby just for good measure. 

Who won these races in 1966? 

2000 Guineas - Won by Kashmir trained by Mick Bartholomew, French-trained colt who showed class as two. 

Epsom Derby - Charlottown trained by Towzer Gosden. This bay colt won seven of his ten races but retire at four when disappointing in France. 

St Leger - Readers may remember this class horse - Sodium. This son of Psidium was trained by George Todd at Manton in Wiltshire. Sodium finished fourth behind Charlottown in the Epsom Derby and went on to win the Irish Dery in the same year.  

The Boat Race 1966

A long history of the battle of supremacy for Oxford and Cambridge University. The 112 boat race took place on the 26th  March 1966. A tight competition, Oxford won by three and quarter lengths. Cambridge won the women's race. 

1966 European Athletics Championship 

A couple of English victories of note:

Jim Hogan won the Marathon 2:20:04.06

Lynn Davies won the men's Long Jump 7.98 m  

The only two medals England achieved in these championships. 

July 17th saw American runner Jim Ryun set a new world record in the mile timed 3:51.3 

FA Cup 1966

Football fans enjoyed a battle between two tough sides in this final. Everton went on to beat Sheffield Wednesday 3-2. 

Boxing in 1966

29th March - Muhammed Ali defeats George Chuvalo in 15 rounds on a unanimous decision.

21st May - A fight few UK boxing fans will forget. Henry Cooper deserved to beat Muhammed Ali ( Cassius Clay) in their first fight in 1963 with a left hook in the final seconds. The fight was delayed when Ali's gloves had to be changed after a tear (which was later detailed as a deliberate act by his corner). Cooper was outfought and stopped in the 6th round by a technical knockout in 1966. 

Muhammed Ali had a busy year going on to defeat Brian London by knockout in the third round (6th August)

10th September Ali had a tough fight with Karl Mildenberger with a 12th round TKO. 

He concluded the year retaining his WBC heavyweight title knocking out Cleveland Williams in three rounds. 

What's your favourite sporting year?

Thursday, 2 July 2020

Kameko Fired-Up for Epsom Derby

Few horse races capture the heart or mind like the Epsom Derby. 

This historic race has seen the most successful horses achieve greatness and write their names in the rich tapestry of thoroughbred horseracing. 

So what is so different about this year's race which takes place on the 4th July at Epsom Downs, Surrey? 

Get ready for the off on Saturday at 4:55 because Andrew Balding will not only be hoping his three-year-old colt can win the biggest race of this trainer's life but emulate a success which goes back to 1971 when Ian Balding (father) won with the exceptionally talented Mill Reef who proved an almost invisible thoroughbred over his career.

Kameko has raced just five times in his career but already bagged two Group 1 races and one of the favourites to win the Epsom Derby after a hard-fought success in the 2000 Guineas on the 6th June. 

Andrew Balding could well be smiling all the way to the winner's enclosure come Saturday and tipping his hat to his father who did the same notable act back in 1971 with the legendary Mill Reef. 

Good luck to connections.   

Credit: Betway 

Saturday, 23 May 2020

Psychology can Improve your Betting Performance

Psychology can improve your betting performance
Psychology: the study of behaviour and mind. To many, this offshoot of philosophy is akin to witchcraft. Others, it is just common sense. While for the majority: ''mumbo jumbo''. 

The strange thing about psychology is that we know it works. There have been studies which show when you walk into a supermarket, we walk so many paces before stopping, turning, and look around. You've probably done it a thousand times and never thought about it. It's walking, you stopped, so what! 

That's why someone had the brainwave of making sure the isles, offers or security guard (joke) are seemingly waiting at the right place to get you to buy. 

It begs the question, how many other things work like that? It is worrying to some extent as you may find yourself buying things, saying yes to someone who five minutes ago gave you a free pen, or liking someone or something that in ways always repulsed you before. You just put it down to being Friday! 

The power of psychology. Neuromarketing. Mumbo jumbo. 

Have you ever watched a TV advert and thought 'what's that all about'. McDonald's with its catchy whistle. Tapping into all those difference senses so you when you want a burger, you find yourself in their queue ''Cheeseburger, please!''. 

You robot! 

I guess we are a little fearful of the unknown. What's happening to me? I went to the shops to buy a packet of sweets and returned with a vacuum cleaner.

What are those bookmakers are doing with all this witchcraft? 

If you open a new account, we will give you 10/1 that Chelsea beat Whatever United! I see it somewhere else 5/4. 

But what about all those subtle things. You go in the bookies and someone asks if you want a cup of tea. Milk. Sugar. (How much did that cost me?)

I studied psychology and gained a degree a number of years ago. Social psychology is intriguing because it finds ways of tapping into the human condition to get you buying. Why is one salesman so much better than the rest of the team? If you studied this person you would identify how and why.

But how does this all related to an individual like you or me making psychology work for us to be a better gambler or win more money?

The key to finding winners is , in many ways, watching, taking note, and understanding winners. For instance, one aspect which often reveals bigger odds (value) is the contrast theory. Basically, if one horse beats another, many punters, bookmakers, layers will fancy the same result if they oppose each other at a later date. I know there may be changing variables such as weight, going, distance etc. However, it has been proven that people often assess the likelihood of the previous winner as having a greater chance of victory than it does. Meaning that the favourite is often under priced whereas the beaten horse is actually value at bigger odds.

Just stop for a moment, and consider how many other aspect of psychology could be at play when you bet. 

Related postCan I Make Money Writing About My Niche Sport?

Sunday, 17 May 2020

Should I Follow the Money When Betting?

Did you see that well-backed horse - hosed up!

How many times have you seen a horse backed off the boards win? When you flick through the results they all seem to win. But is that really the case? I don't know many different areas of horse racing, but I do understand two-year-old horse racing to a very high standard. After studying this niche for over 30-years, I can speak with some authority. However, in truth, the only way to make an objective assessment is to run a statistical test on the data to see if it is significant.

Data has power and limitation. 

I have little doubt following money within two-year-old racing is worthy of note from a trainer perspective. I have run studies on all juvenile trainer debut runners and horses making their second start. A good few trainers are very consistent and this is backed up by regular profits.I don't want to detail any specific names because this information is hard to find. It is similar to following the seam of gold and hope it leads to a major find. 

What I would say, is that two-year-old horse trainers have a much better strike rate on their second start compared with debut. Hardly surprising, hey? Although a couple of trainers feature just about as good results on both starts. This proves how fit some trainers get their horses. It is important to understand the intent of owners and trainers. If they don't want to win on debut they are very unlikely to do so.  

Interestingly, the betting is very important for most horses racing on their second start. In fact, I would suggest that a small drift from one price to the next can be the difference between winning and losing. Anything can happen in racing. Even the biggest, most powerful stables, can win a 50/1. Simply because they prove a surprise package or the opposition are poor or a favourite disappoints. 

In general, the betting of most two-year-old horses is significant. Smaller trainers can get lucky and have a real star in their stable but even these are usually known as a talent before the start of the race. They are backed. 

Thursday, 7 May 2020

How Can I Make Money Gambling?

Know Your Sport

It sounds obvious but it's true. To find an edge betting you need to know your niche. It isn't about being the best gambler on earth. The key is to be better than most. It is very much the same in every field of expertise. As the saying goes: Jack of all trades and master of none. I specialise within two-year-old horse racing because there simply isn't enough time to master all other age groups. Working from your own perspective reveals many opportunities to take advantage of layers. Also, let's consider your advantage over a bookmaker - you don't have to bet on every race. That selective nature is worth its weight in gold. In addition, you don't need to bet every day. Some people don't like to let the grass grow under their feet or wallet but if you could find 20 great bets every year and make a profit plus, hopefully, lots of free time to enjoy it isn't a bad life. Time is the most precious commodity of all. Use it wisely.  

Your expertise must be skill based.   

Favourites Don't Always Win

Look through the racing results. What do you see? That the favourites don't win every race. That point in itself should bring joy to your heart and add a few zeros to your bank account. It is one reason why I would always suggest gamblers bet level stakes because it is often the case when backing an outsider people reduce their stake. These bets are often the making of a great season.    

Shop Around

The discipline of betting, its foundation knowledge, practices and philosophy are as crucial, if not more important, than the selection itself. It sounds crazy but the better you hone your skills the more you realise this point is true. Bookmakers prices vary - take the best odds, offers, opportunities. If you bet big priced selections you are wise to bet on the exchanges. When a horse is chalked up at 25/1 it is likely to be 50/1 on the machines. Double the price is the same as having your mate double your bet just for fun. Over a year, this difference can equate to a substantial amount of money. In addition, it gives you the opportunity to hedge your bet if seriously backed. Why would you keep a bet if you took 5/1 and just before the off it is 6/4?   

Be Selective

Your strength as a gambler, investor (name it what you like) is being selective. You don't need to push too hard because you will pressure yourself either with the workload or just crack under stress. Don't look for bets. The best stand out from the crowd. 

Avoid Odds On Bets

If your speciality is betting odds-on shots then you know your stuff. I wouldn't ever say this or that bet type is wrong. Why? Because just because I don't know something it doesn't mean someone else doesn't. However, if you are tempted to bet on an odds-on shot just because it is a short price, then I would suggest you count to ten. In many respects being successful betting at prohibitive odds is as difficult as betting on huge priced outsiders. All is rosy in the garden until you hit a string of losers. It may get to the point where you cannot claw those losses back and get back into the black. 
   

There Are Lots Of Markets

So you love football. Horse racing. Tennis. You only have to look at sports betting to realise there are umpteen markets you can dip your toe or become an expert. The only negative for an obscure sport is that you may not have much liquidity or bookmakers may shy away from your wagers if you prove you know more than them. I have seen a few people betting on weather, of all things, and I'm not just talking about a white Christmas. Within a given sport there are numerous division or categories. Let's say you know an individual football player better than just about anyone on earth. How can you use that information to win? I have spent a lot of time unearthing the best unraced two-year-old colts and fillies in training. Think what that information can mean when betting. I'm not saying I'm the only person who knows that information but I know a million times more than the average punter who may well be laying a horse on the exchange. My brother won £4,000 for a £20 bet when realising a small horse trainer had a wonder horse. The layers just couldn't get their heads around the fact a small trainer could have a horse that could even win let alone be such a talent it went on to run in the 1000 Guineas. 

Understand Your Markets

With experience, you will be in tune with your niche and the betting. Experience helps answer so many questions. Take your time to appreciate that to be a successful gambler (investor) it is a long road. You don't wake up one morning to find you are a professional gambler. Relish the challenge but be patient. 

Don't Bet With Your Heart

You often hear die-hard football supporters following their team and their heart by lumping on when everyone is looking on bemused. If you have to bet with your heart, bet for fun. Unless you are very disciplined don't bet for fun. Why? Because it is a slippery slope which may lead to betting without discipline. It's not a good idea. Betting with emotions is illogical. Emotions are dangerous at the best of times and mixed with gambling and too much money a distressing road to take. How many people have you seen chasing losses? How many times have you seen them win? Betting is about knowing more not shouting the loudest because you have an anger inside.   

Thursday, 16 April 2020

World Record Slots Winner Takes £13.2M

You need to be brave to fight in a war. But perhaps you need a brave, strong heart to cope with this amazing winner on the slots. 

That's what happened to 26-year-old Jon Heywood from Crew, Cheshire when he became an overnight multi-millionaire picking up £13.2M for a ridiculous 25p stake. 

Who says playing online slots doesn't pay? This Afganistan war hero couldn't believe his luck when he struck gold. 

He said: ''After a tough year seeing my grandad die, the first thing I'm going to do is buy the best possible medical treatment for my father who is waiting for a heart and lung transplant.''

He is also going to spoil himself buying a yellow Bentley Continental GT. 


He drives a Fiat Punto!


Jon continued: "I couldn't believe that I'd won all this money at the time - and it still hasn't sunk in.

"It's amazing. The first thing I will spend it on is the best possible medical treatment for my dad. "That's more important than anything. Family comes first and I'd give all this money back for him to be healthy again."

His good fortune means he's paying for his relatives to go on a Mediterranean cruise.

The win is a world record for the largest jackpot payout in an online machine game. 

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This website is great as it details the best casino offers from leading bookmakers. For example, Leo Vegas give £1500 welcome package and 120 free spins. 

If you are looking for the best free spins deal one of their operators gives up to 300. 

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