Downtown Ricky Brown
July 17, 2024
Cognitive Biases can negatively impact sports betting, so it's essential to become aware of them. After all, profiting from sports betting requires combining strategy with positive Expected Value (EV) and consistent execution.
Researchers coined the term "Cognitive Bias" in the 1970s to describe patterns of deviation from rationality in judgment. These biases affect our decision-making abilities, so understanding them can benefit any sports bettor.
This series of articles will examine some of the most common Cognitive Biases that can trip us up. You can follow them in sequential order or skip around to those that you find most relevant.