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Bias

  • Don't let your brain trick you into making the wrong bet!
  • When was the last time you decided to bet on a team, but discovered new information and changed your bet to back the opponent? If you don't do this very often, it could be because you've become victim of “Confirmation Bias”! It's a little known phenomenon that can end up destroying your bankroll and put you out for good. But don't worry, because while this may be something harmful ... ››› more
  • [05 September 2019]
  • Profit from “Wisdom of the Crowd”
  • Ever heard of the term “Wisdom of the Crowd”? It's a simple idea, first proposed by Aristotle in his work titled Politics. It states the collective opinion of a group of individuals is superior to that of a single expert. To illustrate this imagine you're at a carnival. A well-known game is to guess the number of sweets in a large jar. The most effective way to correctly gu... ››› more
  • [11 July 2019]
  • What is the Halo Effect and how does it affect your judgment
  • When we bet, we usually bet intuitively. Meaning we rely on what we know and feel about a particular team or player and make an on-the-spot judgment of the chances of success. While Intuition is great at instantly assessing if someone is upset or angry at you, it's not great when assessing whether a team or player will successfully win their respective matches. The Halo Effect is a big... ››› more
  • [06 June 2019]
  • Don't fall for these novice sports betting mistakes
  • As head tipster of the Winning Streak Team my aim is to not only make you a nice profit each month from the exciting world of sports betting, but to educate you about the basics of betting, money management rules and advanced strategies. However, even the most seasoned sports bettors sometimes fall for these common traps. That's why in today's article I want to go over the most common bett... ››› more
  • [22 November 2018]
  • How to avoid one of the most costly mistake in sports betting
  • Why isn't it a good idea to trust emotion when making a bet? For a start, emotions bias your view on the potential outcome. Just think, if you're a Manchester United fan and have been since a kid, are you ever going to bet against them winning? Another emotional bias or reaction is what we often refer to as, ‘going with your gut' - we've all had that feeling some time in our lives and c... ››› more
  • [23 August 2018]
  • How to cure yourself from “recency bias” before you kill your account
  • Ben started to dabble in the Forex market. He's just bought the Australian dollar versus the American dollar for the third time. And just pocketed R10,000 from his R5,000 portfolio. He's on a winning streak. Ben feels that trading is the quickest key to his financial freedom. Aaah, the jubilation! The smell of sea sand, while he hears the crashing of the waves. Retirement here we... ››› more
  • [22 September 2017]
  • Home country bias: Why you shouldn't have all your eggs in a South African basket
  • As a South African investor, chances are you're making a big mistake with your portfolio. There's a high chance that you have all your investments in South Africa. And this means you don't have any exposure to overseas markets. This is risky for your portfolio. So why is it risky? And what can you do to overcome this? Let's take a look… Are you guilty of home country bias? If you have all yo... ››› more
  • [17 June 2014]
  • Why you shouldn't listen to your gut when you invest
  • Gut reactions are all well and good when it comes to some things. But when it comes to investing, gut reactions can be totally counter-productive. The subconscious makes excuses as to why the gut instinct is right. It presents your biases as hard fact. Read on to find out why you shouldn't listen to your gut when you invest… Following your gut is usually a terrible way to invest, Bengt Saelens... ››› more
  • [26 September 2013]
  • Learn to be a judge, not a lawyer, when investing in shares
  • When investing in shares, it's pretty hard not to get your emotions involved too. And even though you might think you're doing a good job at weighing up the pros and cons of your chosen shares, chances are you're biased. Read on to find out about confirmation bias and what you can do to counter it… ‘Confirmation bias’ – a tendency only to pay attention to data and opinions that confirm o... ››› more
  • [17 July 2013]



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