Cognitive biases can be hugely damaging to both the decision-making process and how a bankroll is handled; so it’s absolutely essential that we understand them properly, and tailor our expectations on betting strategies to try to prevent these biases from contaminating our work. For example, consider the prevalence of cognitive biases, such as availability bias (recalling information that is readily accessible as being more prevalent), anchoring bias and confirmation bias. Identifying Your Biases Awareness of their biases allowsbettors to make relatively detached analytical assessments, and mitigate to a great extent…
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