Some Sports Betting Psychology Facts
April 7, 2019
What could be the reason behind the constant winning of a punter? It is not like they have some special secrets that make them win quite often and that too a big amount. All the information about the game, from how to play to its best strategy, everything is present online. Anyone can access this information just with a few clicks.
The reason why most people do not win frequently is that they tend to make the wrong choices even if the evidence to help us make the right betting choice is right in front of us. This is due to heuristics which is a mental shortcut that helps us cope with the knowledge but doesn’t let us see the world as it is in reality. There is something good about this and that is these heuristics are very common and distort the majority of the sports betting market giving you a huge profit to people who know and understand the psychology behind them. The success mantra of successful gamblers is that they overcome these mental shortcuts due to which they are able to analyze data with more accuracy and spot the betting opportunities that are missed by others.
Below are some of the really important sports betting tip that every gamble should know
You make better decisions when you are hungry.
Many people say that hunger is the biggest enemy of a person. Well, this is not true in every case. In the world of gambling, being hungry can become the reason for your success. We know, you must be thinking huger and gambling have no connection to how it could be possible. Well, let us tell you that some researchers discovered that hunger can make you better.
This means that a hungry punter is a successful punter. This is totally opposite to what we have heard in our lives like all we know is that hunger makes a person aggressive and grumpier causing him to make the worst choices. But when the research was going on, it was found that hunger can make a person improve his strategic decision making skill leading them to make more favorable decisions. In addition to this, people were being more appreciable for the rewards that they were winning. So you know that you have to save your appetite the next time in order to increase the chances of winning something big.
The season distorts your betting decisions.
If we say that seasons affect your gambling game will you believe? Most of you will not but it is actually true. Seasons are very important for sports betting this means that the earth’s orbit around the sun affects the decisions made during sports betting. Let us take you in the past where our ancient ancestors were concerned about the season that we seem to completely neglect. This is because the onset of winter brought more danger and very little food.
Since they were more adaptive, they easily adapted to the changing season and all they did was start living more conservatively and taking fewer risks. We obviously don’t have to face such concerns in the present era but our brain is formed in such a way that it avoids risk when the duration of days is shorter. If you are looking for the evidence then it can be found all over the stock market across the globe as per the study at the University of Toronto which shows that across the northern hemisphere, traders further from the equator are more averse to risk in winter and more open to risk in summer.
If the season can affect the stock market then why can not the betting world? A gamble is more likely to be risk-averse in winters. This information will help you to go for the right betting opportunity as now you know which season effects in what way.
Commitment alters your predictions
There are many factors that can affect the prediction of the result. Anything can happen before or while betting on sports.
One of those factors has no relation to the game, however. That is due to the reason; a simple act of betting online can make you think that the result will happen. A study was done on horse bettors to gauge their perceptions prior to placing the bet as well after that event. The study found a major change in their perception. The thing here to know is that there was no additional information involved in the race at that time. Just like this one, a study by Regan and Kilduff showed this same act among the voters before and after they were done voting. This phenomenon is called ‘sunk cost fallacy’ but this is more commonly known as ‘throwing good money after bad’ amongst the punters.
You ignore evidence that could change your mind
There is something common in every successful punter and that is a deep understanding of the game which helps them to predict more accurately. But once the majority of the people form a specific opinion, then it becomes a bit hard for them to change their thought and mind.
This is called ‘confirmation bias’ and it has a similar effect as the sunk cost fallacy. But it can explain the reason why gamblers act in a similar fashion even after seeing new information.
The problem with us is that we consider only the information that supports our thoughts and try to ignore the information that goes against them. This world is full of information which can go against our thoughts as well as which can go with them. Successful gamblers always focus on the information and don’t let their thoughts dominate the reality that is in front of them.
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