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Judgement and Decision Making in Soccer Betting
 

In a complex, dynamic soccer betting environment, human error remains an inescapable threat. It can manifest anywhere anytime. Judgement and decision making is one of many fallible influences to success in soccer betting.

We shall discuss decision making strategies and the role of habit in dangerous decision making that may result in serious loss.

  • What is the psychology of judgement in the mind of a soccer bettor?
  • How do management decision-makers and punters assess the level of risk involved?
  • How is the likelihood of an event determined?

The way we make some decisions more likely than others, the rationality of our decisions, and the vagaries of our mental processes that lead to less than favourable decisions at times have become a major concern surrounding soccer bettors nowadays.

REPRESENTATIVENESS

This is an informal decision rule that applies when we judge the likelihood that an uncertain event is one of a specific category. To what degree is this case a match to that category? With a lot of past diverse experience, this is useful for meaningful evaluation of information before punters decide on the appropriate course of action.

AVAILABILITY

Events that are readily available in memory, or easily brought to mind, are judged as more likely. Uncommon events that are highly vivid tend to be judged mistakenly as more likely to happen. The emphasis and extent of discussion of an uncommon event make it more memorable. Availiability can affect risk perception in judgement, the likelihood of a vivid but uncommon event is overestimated, whereas that of an uneventful but common one is downplayed.

For instance, Arsenal thrashed West Brom last season. So you took Arsenal thinking that they are going to produce same or similar results this time?

DISCOUNTING AND AUGMENTATION

How many alternative explanations do we explore when we explain a case? How many signs, or cues, do you rely on to confirm a soccer outcome or prediction?

The process of discounting refers to the tendency to stop looking for other causes of explanations once a plausible cause for a situation is found.

Did you took the team because the top goal scorer is playing? Without taking into consideration that some first team players are missing due to injuries or suspensions?

MISLEADING ARTICLES

Are you a regular visitor of some soccer forums? Do you often read up postings from other users that claim to have valuable information about their friends, bosses or insiders?

Chances are they are bookmakers revealing wrong details to make you confused and ended up with a bad decision.

 

Interesting Notes on Bookmakers
 

One thing's for sure, the big boys knows it all. They are the ones who arrive with the soccer odds and handicaps for the market. Big bookies are armed with researchers, statisticians, analysts, psychologists and all kinds of handicappers.

They would get a decent picture of match results before the matches even started. They would also probably know which teams you were gonna bet on before you even knew which team was playing which. (That's what the psychologists are for.)

Bookmakers have sufficient information to make you lose your hard-earned money in the long run if you do not have reliable information on the matches.


Ask yourself what do you want actually...
 
Are you tired of giving a sizeable chunk of your income to your bookie every now and then?

Instead of feeling down about losing your hard-earned money, wouldn't it be nice to have extra cash to indulge your loved ones and yourself in holidays, a nicer car, a bigger home etc? I leave this to your imagination.

Would you like to be making extra dough from betting soccer instead of it being a loss-making hobby?

If your answer is YES to all the above, click here now!

 

 

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