Life Cycle Of A Bet : Stage 1 – Research
If you want to take betting seriously you need to have a process. I’ve got a background in Software Development so my own process is actually quite similar (maybe even derivative) from the Software Development Life Cycle (SDLC) that I have used throughout my mainstream career life. I’ve had a few enquiries about how I go about my betting so thought I’d put together this 5-part series to explain the 5 distinct stages of my betting process in some detail.
The first stage is Research. What you need to do is pull together ALL the information you will need to make an informed decision. This can actually be a lot of data and it can be a bit overwhelming but your objective from this stage is to develop your own comprehensive form guide. Most punters will be familiar with the racing form guide you might get in the newspaper or your racebook at the track. Multiply the information in that by about 10 and you’re getting close.
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Starting with the obvious, you need the team sheets or the full race fields. You need to know who is actually going to take the field to compete. You need to know all the recent form for those competitors with key game or race metrics. This important information will allow you to determine who is on the rise, or on the decline. If there are important competitors missing, or returning to the field that can be a big deal too.
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You need to pull out any media information on the competitors. Newspaper clippings or online articles that may be discussing preparations, game plans or even the developing morale or culture for the competitors. These can provide some valuable insight into how things might play out. Fatigue, complacency or disharmony can seriously affect a performance and this is where you can identify those factors.
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You also need to check the weather. Is it going to be hot and make fitness more of a factor? If there is rain that might affect scoring. If it’s windy that can be a big influence too. You need all this information and sometimes it’s hard to get accurate weather predictions until the competition gets very close. In Australia we have the Bureau of Meteorology where you can see incoming rain clouds on the radar and this can be invaluable too.
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You’ll also need to know which Bookmakers or exchanges will be offering markets on the contest. Any odds and exotic market options should form part of your Research and while you can safely ignore the actual data during this stage, you will need it to be handy when you get to Stage 2 – Analysis.
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https://elearningindustry.com
https://kerrycue.com
http://www.betootaadvocate.com
http://www.bom.gov.au
https://www.bettingtipsguru.com
The first stage is Research. What you need to do is pull together ALL the information you will need to make an informed decision. This can actually be a lot of data and it can be a bit overwhelming but your objective from this stage is to develop your own comprehensive form guide.
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Maybe thats why I am not into betting/gambling. It looks like it takes time and dedication to gather as much information as possible for potentially nothing or loss.
As you say overwhelming - well it certainly is for me.
Thanks for sharing - look forward to part 2.
Thanks. Part 2 is up but might be a few days until Part 3 goes up.
A professional gambler is before anything a Professional. As every good professional the base of knowledge must be vast and complete. Looking foward to part 2.
Agreed. Though many don't see it as a legitimate profession. But it's fun :)
Great post!
I like it that you talk about the weather, it's info that people often forget about. Here in Belgium the weather is most likely the same at all places but I can imagine that it can be a big difference in Australia.
The lenght and conditions of the pitches are things I also like to take in consideration.
Thanks. Every sport is different and needs to be researched differently, so I totally agree. Weather can be a big factor or a negligible one. I bet NRL and Cricket primarily and weather is big for both.
is crazy how everything is a cycle
wuao I find this content quite interesting
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