Commitment Effect In Gambling | The Sunk Cost Fallacy
The commitment effect is a cognitive bias that occurs when people feel an obligation to follow through on a decision, even if doing so is not in their best interests. …
The commitment effect is a cognitive bias that occurs when people feel an obligation to follow through on a decision, even if doing so is not in their best interests. …
Are you overwhelmed by the extensive range of football betting markets? Do you want a clearer understanding of how each one works? Look no further. In this post, I explain …
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 …
Do you want to understand how each of the different sports betting odds formats work? In this article I provide the formulas to calculate the potential winnings using any format …
I’ve asked myself: is there any particular reason why so many people consider gambling a taboo? Is it really so different from other, more accepted, forms of betting? Trading and …
Playing poker online feels effortless — a few clicks and you’re in the action. But that convenience comes with hidden traps. Even experienced players make subtle mistakes that opponents can …
Has an online gambling site asked you to provide documentation? Don’t panic — this is completely normal. There are valid reasons why gambling sites need to verify your identity. In …
The software behind an online casino plays a vital role in shaping the player experience. It determines the variety and quality of casino games, the smoothness of the user interface, …
Superstition is an irrational belief in supernatural influences, typically relied upon for good or bad luck. A superstitious person will pass on responsibility to a higher power in order to …
Something every experienced sports bettor will inevitably ponder is whether or not bookmakers manage to accurately price all of their odds. After all, there’s such an enormous spectrum of events …
Legitimate online casinos licensed and supervised by reputable authorities are not rigged. They use certified Random Number Generators (RNGs) to produce unpredictable outcomes, and those systems are tested regularly by …
If you’re looking to increase your chances of success in sports betting and avoid common mistakes, it’s essential to incorporate best practices into your approach. By following the advice outlined …
When it comes to sports betting, there are two main types of platforms: bookmakers and betting exchanges. Both let you place bets on sporting events, but they operate differently and …
What makes a professional gambler successful? What distinguishes them from the majority who struggle to win? Strategy and methodology are crucial factors. Intelligence and analytical skills help enormously, too. However, …
Sports betting has its ups and downs, so it’s important to understand the concept of variance and how it affects results. Variance refers to the degree of uncertainty or risk …
Betfair continues to dominate the betting exchange market in 2025, but that doesn’t necessarily make it the best option for every bettor. With high commissions and premium charges, many punters …
Online slot machine games remain the backbone of digital casino sites worldwide. In 2025, regulated U.S. states have expanded access to online platforms, giving players the same wide variety of …
Bookmakers continuously refine their promotional offers to attract new customers and reward loyal players. From enhancing your initial deposit to safeguarding multi-leg bets, these incentives can significantly boost your bankroll. …
Sports betting is a highly competitive industry, with many of the top betting sites offering similar products and features. As a result, it can be challenging to determine which bookmaker …
Roulette remains one of the most popular games in any online casino offering. Its simple rules and fast pace attract players, but much of the experience comes down to psychology. …
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 …
There’s plenty of misconceptions about sports betting, so I decided to compile a list of my top 10 biggest sports betting myths. Some views on sports betting are understandable while …
Here’s a question that’s likely to get very different answers depending on what type of bettor you ask it to: do you need to be a sports expert to succeed …
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 …
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