Conservatism bias is the tendency to preserve the status quo, or existing conditions, rather than adopting new or innovative approaches. It is often associated with a reluctance to accept radical …
Optimism bias leads us to believe that we are less likely to suffer from misfortune and more likely to enjoy success than reality would suggest. In other words: it’s feeling …
The term “hindsight bias” refers to the tendency of viewing past events as more predictable than they really were. For example, many sports believe that they knew the outcome of …
Outcome bias refers to the tendency to judge a decision based on its outcome rather than the quality of the decision at the time it was made. Some poor decisions …
Gambler’s fallacy refers to the mistaken belief that a series of results will alter the chance of it happening over the future. It’s a common error made by casino and …
Recency bias is when individuals value recent events over historical ones, believing they provide more insight into how things will play out in the future. This irrational tendency can have …
The favourite-longshot bias refers to the tendency for longshots to be overrated, in terms of their chance of winning, compared to favourites. In other words, the odds for longshots are …
In general terms, survivorship bias means concentrating on successful entities (the “survivors”), thereby overlooking unsuccessful “non-survivors”. Sports bettors will often only consider ‘winning’ tipsters, without giving a second thought to …
The Strike Rate is a term used to quantify, in terms of frequency, the amount a system, tipster or bettor wins. Here’s everything you need to know what the Strike …
What makes a professional gambler successful? What separates a pro gambler from the vast majority who lose? Of course, strategy and methodology plays a huge part. Intelligence and analytical skills …
Thinking of becoming a professional Betfair trader? There’s a lot of challenges that you’ll inevitably face along the way. It’s tough to consistently earn from Betfair, so it’s best to …
It’s estimated that professional sports bettors typically earn upwards of $25,000 per year. But it’s incredibly hard to verify that figure, because most sources of data are non-existent, inaccurate, and …
Beating the Closing Line refers to obtaining better odds than the final pre-event odds. This is also known as ‘beating the Start Price’. Bettors that can find a way to …
There are several reasons why Bookmakers restrict or close your betting accounts. Usually it’s because you’re betting smarter, or making more money, than they want you to be. If you’re …
Professional Tipsters earn a living by recommending selections to their clients (sports bettors). Some punters are satisfied with the intel they receive, whilst others feel cheated. Relying on Tipster recommendations can be a naive and …
Sample size, in a sports betting context, refers to the amount of data items you base your analyses around. Short-term results from a small (and insignificant) sample do not say …
Here’s a question that’s regularly asked: “can you make a living from sports betting?” The answer you’ll usually find to that question is a confident, flat-out “no”. It’s often followed …
Finding profitable tipsters isn’t as straightforward as it first seems. Simply choosing a tipster based on its impressive ROI, without delving any deeper, is a recipe for disappointment. The pursuit …
