Optimism Bias | The Failure To Accurately Anticipate Risk
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 …
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 …
As a bettor, it’s important to choose a bookmaker that offers an array of features to meet your needs. However, not all bookmakers are created equal; some offer more features …
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 …
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 …
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 …
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 …
I’ve asked myself: is there any particular reason that so many people consider gambling a taboo? Is it really so different from other, more accepted, forms of betting? Trading and …
In Australia and New Zealand, slot machines are affectionately known as “pokies”. These machines are a major part of the gambling landscape, with Australia boasting over 185,000 physical machines—New South …
No deposit bonuses are among the most enticing offers in the online casino world. Who wouldn’t want free money or spins to start their gaming journey? But as with most …
The casino gaming world continues to evolve with new ideas and features designed to make games more exciting. These often involve changes to the game “mechanics”—the rules and systems behind …
As online betting continues to grow in New Zealand, players are on the lookout for payment methods that combine security, ease of use, and control. Paysafecard is a reliable prepaid …
In sports spread betting, players bet on whether an outcome will end up being above or below a range called the ‘spread’. The profit or loss is determined by the …
Roulette is one of the simplest casino games. Pick your numbers, spin the wheel and the rest is over to chance. The big question is: do any roulette strategies work? …
If you’re new to the world of sports betting then the first thing you need to get your head around are the odds — also referred to as the “prices”. …
The online betting landscape in the UK is always evolving, with new sites emerging every year to compete with well-known, established brands. Choosing between a fresh, innovative platform and a …
Multiple bets, such as accumulators (parlays in the US) involve placing a single stake on the outcome of two or more events. The appeal of multiple bets lies in the …
When it comes to sports bet types and markets, some terms differ between Europe and the US. Here are some examples of bet types that are equivalent but with different …
Two of the most common types of handicap bets are Asian Handicap and European Handicap bets. While they are very similar, there are some key differences between the two. In …
Online betting can be an exciting experience, especially for those new to the world of gambling. The idea of winning big from the comfort of your home is undeniably appealing. …
Casinos are always seeking new ways to attract players, and one area they’ve focused on is the music that accompanies slot games. Gone are the days when gamblers heard nothing …
Are you overwhelmed by the extensive range of football betting markets? Do you want to gain a better understanding of how each of these football markets operates? Look no further, …
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 …
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