Tag: betting

The Risks of Betting on Emotion: How to Avoid Making Impulsive Decisions

Jude Byrne

Impulsive behavior may manifest itself in spontaneous trips and purchases; for others it could include verbal aggression or risky sexual behaviors. Impulsive decisions by investors can lead to costly buying or selling regrets. Experts share tips for avoiding making such emotional choices in the first place; beginning by recognizing your triggers. 1. Overconfidence Overconfidence bias is a cognitive distortion that frequently plagues professionals and investors, manifesting itself through an exaggerated sense of their abilities, performance, or control which leads to risky decisions. People may demonstrate this bias in various forms…

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The Art of Value Betting

Jude Byrne

Value bets are where you estimate the actual chance of an event and make bets that return Expected Value. This is the more sophisticated method that involves much learning and analysis, but can produce profits in the long run. Consider this example. If Crazy Man’s “heads” +105 and “tails” -102 odds are good, bets on “heads” are better value. Identifying Overpriced Odds Value betting differs from sports bets that are typically emotional and personal in that they offer objectivity and reliability. Valuation betting lets you exploit chances to tip the…

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The Impact of Social Media on Betting

Jude Byrne

Modern social media provides bettors with access to an abundance of real-time data and trends, from expert tips to in-depth analyses – all available at the click of a button. The study assessed the effectiveness of using social media to spread safer gambling messages. Participants were instructed to follow one of three Twitter accounts that sent informational, self-appraisal or emotional self-efficacy messages respectively. Misinformation Social media refers to all internet-based networks that enable people to share and connect, including social networking websites like MySpace and Facebook, microblogging platforms such as…

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