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 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 oftenread 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.