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Category: Attitude & Mindset

Conservatism Bias | The Risk Of Being Too Cautious
All / Attitude & Mindset

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
All / Attitude & Mindset

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
All / Attitude & Mindset / Prediction & Analysis

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/Bad Luck?
All / Attitude & Mindset

Sports Betting Superstitions | Can We Summon Good Or Bad 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?
All / Attitude & Mindset / Sports Trading / Understanding Odds

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 …

Optimism Bias | The Failure To Accurately Anticipate Risk
All / Attitude & Mindset

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?
All / Attitude & Mindset / Football / Prediction & Analysis

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 …

Outcome Bias | Judging Betting Decisions On Results Alone
All / Attitude & Mindset

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 …

Gambler's Fallacy Explained | An Error You Need To Avoid
All / Attitude & Mindset / Must-Reads

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 …

Recency Bias In Sports Betting | The Danger In Favouring The Here & Now
All / Attitude & Mindset / Football / Must-Reads

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 Sports Betting | How Bad Tipsters Get Subscribers
All / Attitude & Mindset / Must-Reads / Tipster Advice & Warnings

Survivorship Bias In Sports Betting | How Bad Tipsters Get Subscribers

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 …

Mug Betting -- Why Regular Punters Eventually Lose
All / Attitude & Mindset / Football / Prediction & Analysis

Mug Betting — Why Regular Punters Will Inevitably Lose

A Mug Bet is simply betting without any advantage or ‘edge’. The vast majority of sports bettors can be classified as “Mug Bettors” or “Mugs” for short, as harsh as …

Traits Of Professional Gamblers | Characteristics & Skills
All / Attitude & Mindset / Must-Reads

Traits Of Professional Gamblers | Characteristics & Skills

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 …

Why Is Gambling Considered A Taboo? - Society Vs Betting
All / Attitude & Mindset / Morality

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 …

Confirmation Bias In Sports Betting & How To Avoid It
All / Attitude & Mindset / Problem Gambling

Confirmation Bias In Sports Betting & How To Avoid It

Confirmation bias is a type of cognitive bias that involves favouring information that confirms what you already believe to be true. And that’s very dangerous in sports betting, or any …

10 Biggest Sports Betting Myths | Top Lies & Misconceptions
All / Attitude & Mindset / Industry Overview / Understanding Odds

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 …

Problems In The Gambling Industry & How To Improve Them
All / Dispute Resolution / Industry Overview / Morality

Problems In The Gambling Industry & How To Improve Them

I was recently 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 …

A Quick Guide To Premier League Football Betting
All / Attitude & Mindset / Football

A Quick Guide To Premier League Football Betting

Football is complex, and very difficult to predict. This is largely because there’s so many factors that have a significant impact on the game. It’s not a repetitive sport which takes …

Betting Variance — Am I Really Winning?
All / Attitude & Mindset / Must-Reads / Prediction & Analysis

Betting Variance — Am I Really Winning?

One of the biggest problems in gambling is that people convince themselves that their winning streaks were more than just pure chance. But it’s not about what you’ve made before, or …

Improve Your Betting With These Recommended Books
All / Attitude & Mindset / Hall Of Fame / Sports Trading

Improve Your Betting With These Recommended Books

Here’s my top 3 books for sports betting. Each one serves a different purpose, and elaborates on the concepts that I write about on this site.   1. Sports Trading on …

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