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Category archive: Psychology

How to boost floral purchases

According to recent statistics, most of the purchases in the floral industry were the result of pure impulse. This can be easily explained by the fact that flowers can be purchased from supermarkets and local outlets which are much more convenient. This in turn represents a factor of concern for florist businesses that are in…

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How to organize a football betting championship

Do you love to bet frequently on all of the major and minor football games? Are you a passionate online gambler who likes to spend a lot of time on the professional betting tips websites, reading about the odds and most advantageous betting strategies? If so, then you probably have friends as passionate about sport…

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The Anchoring Bias

The anchoring bias refers to the situations when we anchor our reason in the first relevant information that we come about. Our next step in that situation is to judge all future information based on the initial data. In order to avoid the effects of this bias you need to make your own estimate of a game before reading any news or bookie prices.

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How to Bet on Sports Tips- The Deception of the Winner Bet

The winner bet syndrome is very dangerous for beginner bets who end up loosing a lot of money due to the fact that they base their bets on their instincts. If you want to learn how to bet on sports, you must acknowledge the importance of a pregame analysis and you must let go of the belief that your luck will eventually make you a rich man.

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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.

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Betting 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.

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How 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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How the Bandwagon Effect Can Influence Your Bets

The bandwagon effect can be very dangerous in the betting world. This bias refers to the situation when people are afraid to be wrong so they prefer to make the same decisions as the majority. In the betting world this effect works against the gamblers and in favor of the bookies.

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Should it be illegal to bet on sports?

A lot of people lose their reason and everything they own in sports betting. However, these are isolated cases. According to betting statistics, over 99,5 % of people who bet on sports are mentally capable for gambling. Should these people be deprived their right for entertainment due to the fact that certain people are not suited for gambling.

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