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The Psychology of Online Sports Betting


There is a psychology behind online sports betting. Whether you are betting on horse racing, baseball, or football, there is an element of chance that plays a role. In addition, a large part of your excitement is the thrill of taking a risk. If you were 100% certain of your picks, you would not be as excited as you are about placing a bet. Your decision-making process would last a second.

However, there is an opposite side to this coin. A common mistake is to take a bet at face value and ignore the sample size. This is a cognitive bias known as ad hoc betting. When you analyze a bet and take it seriously, you are more likely to make more informed decisions.

The study found a range of risk factors associated with moderate and problem gambling. In addition, a more significant percentage of problem online betters used the internet than nonproblematic ones. While this does not indicate that online gambling is more dangerous than venue-based play, it may make spending long hours on the computer easier.

They are also more likely to use illegal substances. Moreover, the research also found that problematic online sports bettors had higher psychological distress than nonproblematic individuals. Thus, online sports betting has a greater risk of addiction.

The risk factor for problematic online sports bettors includes gender, age, and the percentage of race betting done online. Problematic online sports and race bettors are more likely to be male, younger, and speak a language other than English at home. Problematic online sports and race betters are more likely to be semiprofessional gamblers and to be exposed to illicit drugs while gambling. They are also more likely to have more than one form of gambling and to be EGM gamblers.

A healthy betting activity consists of betting on things you know and believe in. This is self-sabotaging. It’s not worth it if you lose a bet because a whim swayed you.

In addition to examining the risk factors, the researchers also identified the common characteristics of problem gamblers. Problem gamblers are more likely to be young, male, and have higher incomes than their nonproblem counterparts. These individuals spend a more significant percentage of their time online gambling and spend more money on sports gambling than nonproblem gamblers.