In sports betting, this can hinder you from making rational decisions. Sometimes, people fall for short clips cut specifically to make an athlete look good or cool. This is very common on reels or tiktok. How would you combat recency bias? Or do you even believe that recency bias is a thing? or do you believe a team or athlete is only as good as their latest match?
There are things we need to put into consideration in other for us not to be bias to some certain extent, quite alright we can't judge a player by his way of performance at a glance without having it done in a more consistent manner.
Another thing we should look t is from the way a player can change and how fast they can improve as well in their performance, because people's decisions and performance cannot be the same over time, as some change to improve on their abilities very well, the same time we need time to see how consistent they have shown on this achievement on them.
If we are biased then surely It's going to have impact on our betting because usually things never gone in our favor, and we have to be faced uncertainty but if betting is preference then surely always needs to check many things before betting because this always works and give better results.
Have favorite team in front of you but betting on against them always double headache for many but in these situations I usually love to support team where I am putting money because this is better deal for me, I can skip my favor for one match without any problem even this is not favorite decision.
I know many peoples those are biased, and they have never gone against their teams because they hate this even they are stopping betting because it's not important for them so its surely another great thing but now as things are taking changes having change of mind is also good.
Choosing up teams on our betting will be having those times or moments that you do become that being bias specially that we are choosing our own favorites on which you have been able to forgot on what are the things that should be done like applying out some analysis and other factors on which it will be adding up your winning chance or odds on applying out some good analysis towards the bet. We cant be able to deny that when it comes into external influences on which we can be able to tell that it could be able to take up some effect on the moment that you will be choosing up your bet. Most of the time on which newbies will be that easily get influenced with these kind of external factors that could cloud their decision making at the moment that they will be taking up some bets. Sooner or later you will be able to realize on whats happening or those mistakes specially at the time that you have seen your winning rate isnt that good or doesnt end up for you to become profitable.