In principle, the rules are the same as for any sport. Never play something you don't know. Look for information wherever possible. Do not play understated. I always have a dozen or so accounts with bookmakers if you want to win only this way you have any chance.
People are generally overly confident in their knowledge and skills. They tend to overestimate its quality and scope, underestimate the risks and over-confidence in their own control of processes. It has also been observed that people become overconfident, especially when they have previously achieved rapid success in a new field.
Betting players often make cognitive mistakes when making assumptions, drawing conclusions or looking for information about the match they want to bet on. Many of these mistakes can be avoided, but you have to be aware that they can occur.
You need to know psychology - the better the less... you will lose. Always analyze. Every time you lose, the more so. Is it worth taking an interest?
- Wrong assumptions.
- Confirmation effect
- Negligence
- Peak-end principle
- Authority effect
- Contrast effect
- A halo effect
- Anchorage effect
I'm not going to summarize them all, but I'll just give you examples:
Errors in risk assessment - actual human behaviour in the face of risk. It takes into account empirical data on decision making in conditions of uncertainty. It explains how and why human behaviour is often irrational and even inconsistent.
Crowd psychology e.g. the so-called Sheep's RushSheep's rush is probably the most well-known and psychologically related behavior of the crowd. The effect of sheep's shoot is when an individual makes decisions taking into account the decisions of other people.
For example, if there are strong falls in odds, I will bet too, because there is probably some significant information. This often results in an avalanche effect, the result of which is not always in line with the player's expectations. If there is a sharp drop in odds during betting trading, the ideal time is to join in at the beginning and "quit" when the trend starts to reverse.
And this is just the beginning ..