Your brain can be your worst enemy in sports betting. Cognitive biases like confirmation bias (favoring information that confirms your existing beliefs) and recency bias (giving too much weight to recent results) can lead to poor decisions.
Know Your Biases
- Confirmation Bias: Actively seek out arguments against your bet to get a more balanced view.
- Recency Bias: Look at a larger data set. A team's recent win or loss is only a small part of the picture.
- Gambler's Fallacy: Don't believe an outcome is "due." Each event is independent.
By being aware of these traps, you can make more rational and profitable decisions.