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Tag archive: cognitive bias

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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