Tag Archives | Psychology

moneydrain

Knowledge of sport no advantage in sports gambling

Sports gamblers frequently see themselves as cleverer than other gamblers, believing that their intimate knowledge of player statistics, coaching styles, and other details will give them an edge. But new research shows that neither betting experience nor knowledge of the details of the game is connected to successful sports betting outcomes. The new findings, say […]

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poker

Poker paradox: the more hands you win, the more money you lose




Analyzing more than 27 million hands of No-Limit Texas Hold’em, a Cornell researcher has found that the more hands players win, the less money they’re likely to collect – especially when it comes to novice players. The study was published in the Journal of Gambling Studies. Cornell’s Kyle Siler hypothesizes that the multiple wins are […]




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roulette

Gamblers’ Brains Wired For Failure




The current issue of the Journal of Gambling Studiescarries a study by psychologists from Drake University that identifies the two critical mistakes that gamblers habitually make. The researchers, W. Scott Wood and Maria Clapham, said the results appear to hold true for both occasional gamblers and problem gamblers. Illusions of control or skill are the […]




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