Cognitive errors when choosing long odds
We often overestimate the probability of rare events. When we see high odds, the brain draws a victory for us, although statistics say the opposite. This is one of the cognitive errors - the tendency to believe in the unlikely due to the brightness of the possible reward. The article on https://expertfreeprediction.com/the-psychology-of-the-underdog-bet-reasons-bettors-chase-longshots/ explains in detail how such distortions shape the behavior of players. I advise you to study the material and be honest with yourself: are you relying on facts or illusions? This will help you bet consciously.
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Mindset errors do not only happen to beginners. Sometimes even experienced players place bets, succumbing to an internal impulse or false confidence. Long odds seem attractive, especially when a possible win is presented. But reality can be different.