Betting News

Tipster’s strategy - hindsight bias effect

When do we succeed? Whenever we learn everything about the opponent & their strong and weak sides. Do not forget, sports betting follows the same principles. That is exactly why we regularly share our knowledge and experience with you. Today, we would like to talk about the hindsight bias effect.

Knowledge? Experience? Cold head? Or maybe luck? What makes some achieve success in sports betting, while others keep struggling with it? Of course, all the factors play an important role in this process. Some do more, some less, however, according to the law of large numbers, something like luck is irrelevant for your calculations.

«I knew it was coming» or «I had a feeling, that team X would win the game» - how many times have you said a similar thing to yourself? The interesting fact is that all of this, what seems to be an innocent habit, is actually a huge danger that is sneaking up on every punter. Phycologist around the world even gave it a name - the hindsight bias effect.

Continue reading the whole article here.

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