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Rich and Co.

Oops – “… neither betting experience nor knowledge of the details of the game provides an advantage to strategic sports gamblers. He says that they operate under an illusion of control and power unrelated to real-life outcomes.”

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Knowledge of the game is not an advantage in sports gambling…The sense of control that encourages sports gamblers in their betting is just an illusion.

“Sports gamblers seem to believes themselves the cleverest of all gamblers. They think that with experience and knowledge — such as player’s statistics, manager’s habits, weather conditions, and stadium capacity — they can predict the outcome of a game better than the average person.”

…the two most successful gamblers in their study had no prior experience in gambling or knowledge of the sport in question.

These results indicate that sports gamblers are operating under an illusion of control and power unrelated to real-life outcomes…Although those who had prior knowledge of soccer were expected to have a higher success rate, the researchers discovered that, in fact, their success rate was no better than those of the other two groups. Interestingly, the two participants with the most successful record, correctly betting on seven out of the 16 games each, hailed from the group with no prior understanding of the sport.

This doesn’t indicate that there is an advantage to inexperience, says Prof. Dannon — many others in the third group were unable to predict any of the results correctly. But the outcome exposes the myth of knowledge as a powerful betting advantage.

“Casino gamblers are more appropriately characterized as obsessives because they have less belief in themselves, and know that they will lose sooner or later. But they gamble anyway because they feel they need to,” he says. In contrast, sports gamblers believe that they can control the outcome. These different addiction profiles ultimately necessitate different treatment strategies.

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Written by Rich and Co.

June 3, 2016 at 9:18 pm

Posted in Uncategorized

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