Outcome Bias | Judging Betting Decisions On Results Alone
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 …
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 …
Some horse racing bettors take a keen interest in the pedigree of horses as this can provide an insight to likely race winners. Most often these bettors are looking to …
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 …
Sports betting odds can change drastically at any moment. Have you considered what implications that has for devising and executing your betting strategies? Why Do Odds Move? Sports betting …
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 …
Here’s the top 10 Football Tipsters for September 2022. I’ve used Tipstrr to produce the list. All records are thoroughly proofed. To learn more, check out my Tipstrr Review. The …
Here’s the top 10 Horse Racing Tipsters for September 2022. I’ve used Tipstrr to produce the list. All records are thoroughly proofed. To learn more, check out my Tipstrr Review. …
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