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 …
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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 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 …
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 …
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 …
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 …
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 …
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 …
