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 …
Hindsight Bias Explained | Did You Really Know It All Along?
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 Explained | An Error You Need To Avoid
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 | 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 …
Recency Bias | How Sports Bettors Favour The Here & Now
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 …
Survivorship Bias In Betting | Why Bad Tipsters Thrive
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 …
Why Is Gambling Considered A Taboo? – Society Vs Betting
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 …
How to Bet Wisely: Essential Tips for New Bettors
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. …
10 Essential Tips For Improving Your Sports Betting Success
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 …
Variance In Sports Betting | Understanding Swings In Results
Sports betting has its ups and downs, so it’s important to understand the concept of variance and how it can affect your results. Variance refers to the degree of uncertainty …
Is Hype & Noise Impacting Your Football Betting Decisions?
Football is one of the most popular and widely-followed sports in the world, with millions of fans tuning in to watch matches and follow their favourite teams and players. While …
10 Biggest Sports Betting Myths | Top Lies & Misconceptions
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 …
Mug Betting | Are Casual Sports Bettors Destined To Lose?
A “Mug Bet” is a term used to describe a bet that is seen as unfavourable or unwise, often placed by an inexperienced or casual bettor, also known as a …
Traits Of Professional Gamblers | Characteristics, Habits & Skills
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, …
The Impact Of Media Coverage On Sports Betting | Pros & Cons
The vast majority of sports betting enthusiasts consume content from diverse sports media outlets — such as television broadcasts, news sources, social media channels, podcasts, and radio shows. While sports …
Betting Bold: The Art of Wagering Against The Grain
In the world of sports betting, there’s no shortage of advice, strategies, and conventional wisdom. Most bettors look up to experts, study the odds, and place their wagers accordingly. But …
Balancing Team Support With Sports Betting Objectivity
In the realm of sports, allegiance to a team runs deep, often intertwining with our identities and emotions. As fans, we invest not only our time but also our hearts …
Confirmation Bias In Sports Betting & How To Avoid It
Confirmation bias, a common cognitive bias, can have a significant impact on our decision-making, particularly in sports betting or gambling. It involves giving more weight to information that aligns with …
10 Biases That You Need To Avoid In Sports Betting
One of the biggest risks for sports bettors is the presence of biases that can cloud their judgment and lead them to make poor decisions. These biases can come in …
Conservatism Bias In Betting | The Risk Of Being Too Cautious
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 …
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. …
Should You Follow Your Gut In Sports Betting? – Downsides Of Emotions
A gut feeling is a reflection of your intuition and is usually based on past experiences and knowledge. However, it’s not a reliable source of information, and hence should not …
Sports Betting Superstitions | Can We Summon Good Luck?
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 …
Do You Need To Be A Sports Expert To Succeed At Betting?
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 …
Problems In The Gambling Industry & How To Improve Them
I was asked by Trademate Sports “what is the one thing you’d like to see change in the gambling industry?”. As I started to write my answer, I found myself …