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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
