Betting Psychology
Updated February 13, 2019
Every bettor can use basic psychological strategies to make smarter and more rational decisions in their sports bets.
That’s why we’ve created a comprehensive guide to the most important psychological strategies in sports betting. Squares fall victim to basic psychological traps, sharps don’t!
Each article in this series walks you through a different psychological principle that’s been scientifically proven to affect our decision-making process and then details how it relates back to sports betting.
- How the Gambler’s Fallacy Can Help
- The Availability Heuristic
- The Green Lumber Problem
- Avoiding Gambler’s Fallacy
- Hindsight Bias
- How the Confirmation Bias Affects Sports Betting
- The Hot Hand Fallacy
- Sunk Cost Fallacy
- The Ostrich Effect
- Outcome Biases
- The Action Bias
- The Overconfidence Bias
- The Conservatism Bias
- The Disposition Effect
- The Herd Mentality