Betting Psychology Basics – The Narrow Framing Effect
The narrow framing effect is a cognitive bias which affects our judgement on account of a first impression. In simple words, it refers to our tendency to see things how they seem instead of how they really are. In the betting world, a wrong first impression can cost you a lot of money.
DetailsSoccer Betting for Beginners – The League Table
One might think that soccer fans have more chances to win certain sports bets since they have more information on certain teams. However, these fans are often very subjective and they let their judgment be influenced by seemingly relevant data such as the league table. However, the league table is a mere guideline and it should not be taken for granted.
DetailsThe Rule of Multiplication in Betting Probability
The rule of multiplication can be applied to both dependent and independent events.It can also help you calculate joint odds when you want to bet on several games. These aspects of probability are very important if you want to be a professional gambler and earn a regular income out of bets.
DetailsMoney Management in The Betting World
Money management is a very important part of the betting world. In order to advance from a recreational better to a professional one, you need to establish a monthly betting bankroll and learn how to divide it into several bets. The bankroll represents the money that you are left with after you cover your monthly expenses.
DetailsHow to Bet on Tennis – Tips for Beginners
If you want to learn how to bet on tennis, you must start by learning where to get the basic information about players. The weekly ranking and the seeding are valuable tools and they should be considered every time before placing a tennis bet. You also need to learn what type of bets you can make on tennis.
DetailsImportant Aspects of Soccer Betting
Soccer betting is not just about being passionate for this sport. Even if you are using a soccer tips service, you should still do some research before placing a bet. There are a lot of tipsters which offer statistics based on poor or irrelevant information. If you regularly watch soccer games, you should try making your own form statistics.
DetailsThe Kelly Criterion
The Kelly Criterion is a rather simple money management betting system. However, in order to make use of this system, you must be very thorough with your sports analyses so that you can deduce an accurate probability of winning. This system is not recommended for recreational betters.
DetailsThe Permutation Betting Systems
In order to use permutation betting systems you need to familiarize yourself with both permutation math and parlay bets. There are a lot of such systems that you can use and they all have a different number of wagers ranging from 7 to 247. It is best if you start with simple systems like the Patent before trying out the more complex ones.
DetailsBetting Bias: The Empathy Gap
The empathy gap is a cognitive bias which refers to the situations in which our emotions affect our decision making kills. In the betting word the most common example of the empathy bias is when a gambler is angry about losing several bets in a raw so he starts betting foolishly.
DetailsThe Advantages of a Flat Bet
The flat bet system means that you are always using a fix amount of money or a fixed percentage of your monthly income when making bets. If is the safest betting system for beginner as well as experienced betters. The biggest advantage of this system is that it allows you to avoid financial instability.
DetailsArbitrage betting – Minimum risk investment
Arbitrage betting uses investment betting concepts in order to minimize the risks of a bet. This concept applies to certain favorable situations in which different bookies have different odds for an upcoming game. In order to apply this concept you need to make two bets on two different teams.
DetailsFrom Probability to Betting Odds
It is very easy to convert probability to betting odds if you use the decimal format. In order to do this you must have a very good understanding of the basic principles of probability and frequency distribution. Once you grasp these concepts, you will be able to determine the odds of a game.
DetailsThe Martingale Betting System
The Martingale Betting system has been around since the 18th century and it is based on a very simple theory. If you lose when making a bet, you continue to bet on the same team but you double your stakes until you eventually win. This theory is recommended for professional betters who can control their emotions and have a steady bankroll.
DetailsHow the Confirmation Bias Can Affect Your Chances of Winning Sports Bets
The confirmation bias is a psychological concept which refers to a person’s tendency to get attached to the decisions which he takes using a subjective approach. In the betting world, the most common people who are affected by this bias are the passionate supporters of a certain team.
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