Sunday, June 2, 2013

How Are You Thinking When You Bet?

By Morgan Biscoley


The biggest mistake everyone make when they're betting is that they bet with their guts. Either do they have a favourite team, or a favourite number. Or even worse, the bet "feels" right.

Why is that so? Well, basically it is in our human nature. The main reason that human kind has come to where it is today is because of the ability to feel.

The human race has survived because of their instincts, if it did feel right to do one way, they went that way. Was it the right choice, they'd survive. The evolution hadn't come this far if it wasn't for the abilty to make the right chioices, with a sense of instinct to back you up.

And now you really are wondering how this can be related to betting. Let me explain.

The humans whom survived in the past, developed an ability to learn from the past. The things that had went good before, would most definitely work again. This way, the individuals who could take advantage of earlier experiences to make better decisions would also outlive the individuals that couldn't.

It has therefore been an advantage to "feel" something about any decisions to make. The intuition has always been our best friend in the decision making processes.

But when you're applying this instinct to betting, this same intuition very often will lead you the wrong way. You would filter everything through those feelings and make decisions from that, rather than taking the actual circumstances into a count.

See where I'm going here? To do this instinct to your friend, you have to do research. Take real statistics to load up your knowledge base. That way you have the tools to make the right decisions. You no longer need to follow the "feeling" that one team is the stronger. So what you really need is a statistics base. Because what happened in the past will reapeat itself. Again and again.

Where can you find statistics? Think about it for a moment. You will probably come up with some useful sites. Remember that notonly recent stats are important, but also previous and historical stats will matter.

To help you out there are some good programs that will help you, which provides you with good base of statistics. These will provide you with facts, and make it easy to know what to expect from those single events you want to bet on. It's easy to make money on betting when your well prepared.




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