Trademate Sports — Recency Bias and Operant Conditioning in Betting | How bookmakers trick you into losing money

Once upon a time there was a gambler. Let’s call him Mugsy. Loads of us have a mate like Mugsy. You’d know if Mugsy had a good day as he’d be buying the first round for everyone.

You see, Mugsy does an accumulator every week and every once in a while, he actually wins the thing. The problem is, most weeks he doesn’t win but he quickly forgets those occasions.

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Originally published at https://www.blog.tradematesports.com on July 15, 2020.