• July 14, 2020

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Category : Betting Psychology

Betting Psychology understand your own gambling related matters

ArticlesBetting Psychology

Do you consider yourself a Hedgehog or a Fox?

Do you consider yourself a Hedgehog or a Fox? Which animal distinguishes your thinking method in regards to uncertainty? How would you determine predictive ability? Eye opening in-depth information that would excites bettors It is not common that you would consider yourself a Hedgehog or a Fox. Nonetheless, our thought processes are shown by the […]

ArticlesBetting Psychology

Eager to place a bet: Can this eagerness help you

Eager to place a bet: Can this eagerness help you sort out uncertainty? Somatic marker hypothesis, what is it? Will decisions be impacted by emotions? Can this eagerness help you sort out uncertainty? Jonathan Brycki discovered the human physiology and psychology’s intersection in terms of decision-making. Essentially, gambling is when someone makes value-based decisions that […]

ArticlesBetting Psychology

Going through back betting market

Going through back betting market How would blind tasting be relevant to betting? Who do we understand betting market Why is it important to build a profile There are people that may assume in order to be a successful bettor, one must analyse the markets together with sacrificing countless hours to focus on numbers and […]

ArticlesBetting Psychology

The effect of hindsight bias towards sports betting

The effect of hindsight bias towards sports betting Why attention needs to be given to hindsight bias by bettors Is it a blessing or a curse for cognitive biases? The hindsight’s illusion Following neuro-economics’ research, it shows that in terms of decision-making, the brain processes the experience of moneymaking to be equivalent to those chemically […]

ArticlesBetting Psychology

The phenomenon of hot hand

The phenomenon of hot hand The crucial betting success measurement When lady luck is on your side When it rains, it pours?  Basketball first started this term of “hot hand”. This happens when the chances of a basketball player scoring his next free throw is higher if he had successfully scored in his previous attempt. […]

ArticlesBetting Psychology

What are the reasons that serious bettors need patience?

What are the reasons that serious bettors need patience? Why is patience a virtue for bettors? Understanding cognitive biases’ effect How can we make rational decisions by using patience Are we more impatient because of technology? Living off from betting is usually dramatized by a fancy story that it is about the one big decision […]

ArticlesBetting Psychology

What is the reason that we gamble? Overconfidence and irrationality

What is the reason that we gamble? Overconfidence and irrationality Is gambling an irrational act? How will betting decisions be affected by overconfidence? Can both seller and buyer obtain a fair deal? Gambling business is a headache for the rational choice theory’s disciples. Generally, individuals will usually make rational decisions via increasing their advantage, at […]

ArticlesBetting Psychology

How betting are affected by confirmation bias

How betting are affected by confirmation bias                       cricket betting Definition of information overload What instances could affect your betting Are you a confirmation bias victim? Can you recall the time that you wanted to place a bet for a specific team, but before betting found […]

ArticlesBetting Psychology

Green Lumber Fallacy

Green Lumber Fallacy Having the knowledge of sports does not mean it is sports betting Explaining Green Lumber Fallacy Applying and acknowledging risk There is one prominent mistake that usually aspiring bettors will make is that they were mixed up with their knowledge of sports with sports betting expertise. This mistake gave rise to ex-professional […]

       
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