The Monty Hall problem
Being able to choose the right outcome is one of the most important features punters must-have. However, it is really hard to select one correct outcome when you have plenty of unfavourable ones around you? Let’s find out what makes it so hard and how to work your way around and become a profitable sports bettor.
So what is Monty Hall problem, and how is it related to sports betting. First things first, let’s start from the very beginning. When presented the opportunity, people tend to struggle or show their inability to pick one (correct) entry out of three given ones. This situation displays humans’ inability to properly assess the chances of success. Well, as you might already know, being able to assess the risk & find value is the key to success in sports betting. Thus, being unable to fulfil any of those requirements will result in a complete failure.