Psychology of Betting – Illusion of Control Superstition and sport seem inseparable. Whether it is Steve Waugh carrying his grandfather’s red hanky in his pocket, Tony Lockett refusing to part with his lucky Adidas kitbag, or David Campese insisting that he was always the last player to run on to the pitch, sport is
Psychology of Betting – Illusion of Knowledge In 2015, Atir and Dunning, researchers at Cornell University, ran a series of experiments to investigate the phenomenon of “overclaiming”: the propensity of humans to believe they have knowledge of things that are false. In one of the experiments, the researchers asked those who perceived themselves experts
Go on to YouTube and type in “Marshmallow Experiment”. Ask yourself whether, if you had been the kid offered the choice of a marshmallow now, or two later, you would have been able to resist temptation long enough to win the bigger prize. The now-famous Stanford Marshmallow Experiment was first carried out by
Elsewhere on this site we have outlined the advantages of a staking system known as the Kelly Criterion: a method by which you increase and decrease your stake according to how “wrong” you think the odds are. So, if you are offered odds of $2.60 on an even-money shot, you would only have a small
Paul Daily from Ratings2Win explains what Speed Performance Ratings (SPR) are and how they can be used to better your punting.
Professional Punter Jack Houghton gives a detailed look at the Poisson probability distribution mode used to predict Soccer matches.