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Challenges of a punter in not becoming a victim of his beliefs

Challenges of a punter in not becoming a victim of his beliefs
Accepting new information, even if opposed to what is believed, is a challenge in betting.
by Academia   |   comments 0

When you are prepared to place a bet on a particular event, is it common to change your mind after receiving and considering new information? This question is pertinent, since many bettors blindly trust certain bets and have difficulties to accept that phenomena can happen and change the course of what you have for conviction (or had).

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There is a whole theory behind this type of attitude, since it involves our brain behaviors, and as you know, there are many articles dedicated to the psychological side of the bettor. We believe it is important to follow this line and bring more content with these characteristics, as your betting success is very much tied to issues like this.

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What we ask at the beginning of the article even has a name: confirmation trend. Human beings tend to stick to what they know (or believe they know), rather than accepting that new evidence should be enough to change their minds. Quite bluntly speaking, betting is betting on a team you trust, even though events yesterday are showing you that maybe betting on the opponent is the best idea. At this point, the ideal would be to analyze the new information in a very objective and open way, even if it may contradict your guesses. However, our brains often create blocks from these new “sources”, preferring to stick to the usual or beliefs already ingrained in our evaluation.
In the betting world this is highly harmful and negative, as the market and the events of a match change constantly, both the day before and during the game, and we need to be open to analyze all this, without letting psychological biases hinder our decision making.
As you can see, the challenges that a bettor has are extensions of our daily lives, everything about our lives and habits. If we take a subject that generates strong debates, we can calmly compare with what a bettor of this profile faces in betting. Blindly relying on some conspiracy theory or some politician, even though it's easy to find thousands of counter-evidence to disprove these ideas, is a clear example of the confirmation trend. Despite having access to information in the palm of your hand confirming that your political candidate has committed corrupt acts, one person is likely to continue to trust and campaign for him.
The same can happen when that same person (player) is analyzing teams or players to formalize their bet. Beliefs that are already routine make it difficult for new evidence (information) to place a doubt in what is believed to be the ideal, simply ignoring facts that are important to observe in the current analysis. In the long run, this can be extremely fatal, in the same way that keeping a corrupt politician for another 4 years could cause problems for the population.
And how to get rid of it? Opening up the possibility of reviewing data and information that appear to be opposed to what is believed to be best (or that you trust) is first step. Let go of the idea of ​​holding on to behavioral biases, full of beliefs, as we are dealing with situations surrounded by random and unpredictable events, as is a match in a competitive sport.
While it seems obvious, opening yourself up to arguments that are contrary to what you trust, and better yet, delving into them to the point of analyzing and being convinced that you need to make some adjustments or change your mind, is not a very common thing to happen. However, if you want to tread some long-lasting path in betting, accepting them, at least to know if they are well founded or not, will make you a smarter bettor, prepared to win.

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