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is-having-a-bet-on-sports-bad-idea-given-human-nature

Is having a bet on sports a bad idea given human nature?

All professional punters and semi-professionals aside, the majority of people bet on sports for extra entertainment. People might hope to get real lucky there and then, but in our years of experience we see that they don’t expect to make a profit in the ...

By Admin on August 19, 2012 in Betting Guide, Psychology
betting-bias-how-bookmakers-make-money-because-of-our-cognitive-biases-2-the-bandwagon-effect

betting bias - how bookmakers make money because of our cognitive biases 2 –the bandwagon effect

A betting bias has its roots in the field of cognitive psychology. As you now should be aware of, there are a number of psychological aspects that gamblers need to be aware of if they are looking to be successful. Critical thinking, left brain analysis and in ...

By Admin on August 19, 2012 in Betting Guide, Psychology
betting-bias-how-bookmakers-make-money-because-of-our-cognitive-biases-3-confirmation-bias

Betting bias - How bookmakers make money because of our cognitive biases 3 confirmation bias

The betting bias known as confirmation bias basically refers to the tendency we have to be protective of our own current beliefs. Also, information we have processed and interpreted very subjectively are near and dear to us. The more emotionally rooted or the ...

By Admin on August 19, 2012 in Betting Guide, Psychology
how-bookmaker-make-money-because-of-our-cognitive-biases-part4-the-empathy-gap

betting bias - How bookmakers make money because of our cognitive biases – part 4 – the empathy gap

We trust you have read our other betting bias articles. If you haven’t we hope you will take the time to go through them as well. It may save your betting bankroll a few blows. The empathy gap betting bias This betting bias or cognitive bias is based ...

By Admin on August 19, 2012 in Betting Guide, Psychology
betting-bias-how-bookmakers-make-money-because-of-our-cognitive-biases-part-5-anchoring

Betting bias – How bookmakers make money because of our cognitive biases – part 5 – Anchoring

The next cognitive bias we are going to discuss is called anchoring. The anchoring bias is one of the main causes to why many sports bettors fail to objectively consider all relevant elements before placing their bets. Read this article to better understand how ...

By Admin on August 19, 2012 in Betting Guide, Psychology
betting-psychology-cognitive-biases-framing-effect

betting psychology - cognitive biases – framing effect

Teaching a person how to bet on sports is fairly easy. A lot of statistical data is readily available online for all to review. Add to that all the sports news and rumors and the plot thickens. All aspects of betting on specific sports can be found in our articles. ...

By Admin on August 19, 2012 in Betting Guide, Psychology
betting-psychology-cognitive-biases-irrational-escalation

Betting psychology - cognitive biases - irrational escalation

Bookmakers make plenty of money off of gamblers that make poor decisions. When one does research into why exactly the bettors are losing, the results are not so clear. In this part of our betting psychology articles we will take a closer look at one of the reasons ...

By Admin on August 19, 2012 in Betting Guide, Psychology
betting-psychology-overcoming-cognitive-biases-framing-effect

Betting psychology - overcoming cognitive biases – framing effect

Teaching a person how to bet on sports is fairly easy. A lot of statistical data is readily available online for all to review. Add to that all the sports news and rumors and the plot thickens. All aspects of betting on specific sports can be found in our articles. ...

By Admin on August 19, 2012 in Betting Guide, Psychology
what-did-we-learn-from-barcelona-this-week

What did we learn from Barcelona this week?

Obviously the starstudded and beloved Barcelona side, guided by Pep Guardiola, is a fantastic football side. To watch them play brings joy to this middle-aged football beating heart. As a bettor, however, would you agree? We are willing to bet that many a leisure ...

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