{"id":60,"date":"2020-11-27T18:30:33","date_gmt":"2020-11-27T18:30:33","guid":{"rendered":"https:\/\/www.betshall.com\/blog\/?p=60"},"modified":"2020-11-24T12:34:29","modified_gmt":"2020-11-24T12:34:29","slug":"3-common-kinds-of-confirmation-bias-mistakes","status":"publish","type":"post","link":"https:\/\/www.betshall.com\/blog\/2020\/11\/27\/3-common-kinds-of-confirmation-bias-mistakes\/","title":{"rendered":"3 Common Kinds of Confirmation Bias Mistakes"},"content":{"rendered":"\n<p>One of the most significant differences between a new and seasoned bettor is their ability to push aside their emotions. Emotions can cloud a bettor\u2019s judgments and perceptions, which can spiral into a series of losses. One way our emotions can warp our judgments is through confirmation bias.<\/p>\n\n\n\n<p>Confirmation bias is <a href=\"https:\/\/www.sciencedirect.com\/topics\/medicine-and-dentistry\/confirmation-bias\"><u>a cognitive bias<\/u><\/a>&nbsp;that involves people privileging and looking for information that supports their beliefs or confirms their biases. Confirmation bias is particularly brutal on a bettor\u2019s game because it\u2019s typically very subtle. Bettors seldom pick up on their biases and usually think they\u2019re being rational. Here are some common ways of confirmation bias manifesting in betting.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Limited Research<\/h2>\n\n\n\n<p>This mistake isn\u2019t exclusive to betting. For instance, in politics, people may only pursue information that paints their candidate positively and their opponents negatively. Similarly, while betting, a bettor may have a hunch about who\u2019ll win a match, or they may favor one team. With that subconsciously in mind, they\u2019ll research information that <a href=\"https:\/\/carlsonschool.umn.edu\/faculty-research\/mis-research-center\"><u>confirms their beliefs<\/u><\/a>, such as why a certain team will win over another.<\/p>\n\n\n\n<p>For instance, if someone\u2019s betting on a soccer match, they may support Manchester United over Chelsea. They may also think that the former will win. As a result, their research will be directed at why the former will win or the latter will lose.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Rejecting Opposing Views<\/h2>\n\n\n\n<p>Favoring and looking for information that supports your biases is one side of the confirmation-bias coin. The other side is rejecting and avoiding information that contradicts your opinions. Initially, confirmation bias was understood to affect how people research. Recently, our understanding of confirmation bias has expanded also to explain how people <em>don\u2019t<\/em>&nbsp;research. If people with confirmation bias stumble upon contradictory information, they\u2019ll typically ignore or reject it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Overvaluing Money-line Wins<\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"624\" height=\"344\" src=\"https:\/\/www.betshall.com\/blog\/wp-content\/uploads\/2020\/11\/image-11.png\" alt=\"Three footballs next to each other\" class=\"wp-image-62\" srcset=\"https:\/\/www.betshall.com\/blog\/wp-content\/uploads\/2020\/11\/image-11.png 624w, https:\/\/www.betshall.com\/blog\/wp-content\/uploads\/2020\/11\/image-11-300x165.png 300w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/><\/figure><\/div>\n\n\n\n<p>Confirmation bias isn\u2019t necessarily limited to how you research (or don\u2019t). For instance, some bettors may view their moneyline wins as a measure of how well they\u2019re doing. This is an instance of confirmation bias because bettors ignore the nature of their and moneyline bets. Firstly, moneyline bets aren\u2019t as specific as something like an over\/under bet, so you have better odds of winning them. Secondly, you may also consistently be betting on the favorites, which further raises your odds of winning.<\/p>\n\n\n\n<p>To overcome confirmation bias, you need to start practicing and accumulating experience. To get started with sports betting, visit us at Bets Hall for the <a href=\"https:\/\/www.betshall.com\/\"><u>best online sportsbooks<\/u><\/a>, such as Bet365. We\u2019ll help you <a href=\"https:\/\/www.betshall.com\/p-19\/how-to-chose-a-bookmaker\"><u>open a betting account<\/u><\/a>&nbsp;and start betting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Confirmation bias can lead to a multitude of betting errors. Here are some of the most common kinds of confirmation bias mistakes.<\/p>\n","protected":false},"author":1,"featured_media":61,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-60","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.betshall.com\/blog\/wp-json\/wp\/v2\/posts\/60","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.betshall.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.betshall.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.betshall.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.betshall.com\/blog\/wp-json\/wp\/v2\/comments?post=60"}],"version-history":[{"count":1,"href":"https:\/\/www.betshall.com\/blog\/wp-json\/wp\/v2\/posts\/60\/revisions"}],"predecessor-version":[{"id":63,"href":"https:\/\/www.betshall.com\/blog\/wp-json\/wp\/v2\/posts\/60\/revisions\/63"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.betshall.com\/blog\/wp-json\/wp\/v2\/media\/61"}],"wp:attachment":[{"href":"https:\/\/www.betshall.com\/blog\/wp-json\/wp\/v2\/media?parent=60"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.betshall.com\/blog\/wp-json\/wp\/v2\/categories?post=60"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.betshall.com\/blog\/wp-json\/wp\/v2\/tags?post=60"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}