Dipo Olowookere
The term “Illusion of Control” was not formulated until 1975, but this effect has been around since olden times. The illusion of control is a person’s belief that he is controlling a situation, although the situation is free floating. This effect occurs when a person benefits in some way from the positive outcome of an event.
This state is well described by the lottery game. In the situation when a person crosses out the numbers himself, he has the feeling that he influences the situation, although the probability that he will win is the same as in the situation when he gets a ticket with a random set of numbers. In turn, the player who tosses a coin thinks he has a better chance of guessing its side than in a situation where another person tosses it.
If you can get the hang of the illusion of control, you can be successful in betting. Betwinner Uganda is your best guide into the world of excitement. You can register in no time, get acquainted with a marvellous interface, and place sports bets. There’s no better feeling in the world than winning, and Betwinner will make your betting experience unforgettable.
As for betting, a simple as it gets experiment can be conducted to prove how the illusion of control works in betting. Imagine a situation where a bookmaker gives odds of 1.94-1.94 on equally likely events. The betting company has already put a three per cent margin on the odds, which should look like 2.00-2.00. Suppose a player has analyzed an event and comes to the conclusion that the first outcome is more likely to pass. If he is offered to give up his bet in favour of the opposite bet with odds of 2.05, the bettor will surely refuse. The absolute majority of players will refuse such a roll, though in case of replacing the bet he will get the top-notch odds.
There are other situations related to the effect of the illusion of control, which is familiar to many bettors. Some players have won a few bets in Live betting while drinking coffee and now cannot do without coffee while betting, while others have noted that success comes to them during lunchtime bets. There are many such situations, but you have to understand that you can’t even indirectly influence the outcome of a sporting event. It depends on entirely other factors.
For you not to become a direct participant in the illusion of control in sports betting, you need to understand the following things:
- There is essential information to use in your analysis that has a direct impact on the outcome of an event, but there is also secondary information that is of no value to the bettor.
- There is no single market that will pass with 100% probability. Your task is not to find a sure thing, but to calculate the correct event probability and compare it to the bookmakers’ odds.
- Any statement is worth questioning. Flipping a coin 10 times and getting heads does not mean that the odds of getting tails next time will be better. This same situation can be transposed to betting.
How much time is it right to spend on betting?
A lot of newbies are wondering — how much time should be spent on analyzing each bet? It is a mammoth task to get an unambiguous answer to this question, as much depends on how quickly a player can assimilate new information and what useful services he will use. One player will give a correct prediction for the game after 5 hours of analysis, while another will achieve the same result after 2 hours.
It should not be forgotten that bettors also spend a huge part of their time searching for the right event in the line, and only then starts analyzing the game. If you are offered to bet on a strategy that takes 5 minutes to find the necessary market and 15 minutes to analyze it, it is as clear as a day that this strategy will give a negative result down the road.
Even professional bettors who have powerful line analysis tools at their fingertips can make only 2-3 spot bets a day. Competent analysis of each game will take at least 2-3 hours. After 6-8 hours spent analyzing, you will no longer be able to make a sober assessment of the subsequent market. After fruitful work the brain needs rest, otherwise, the performance of the analysis will fall sharply with each new working hour.
At first glance, the game of betting seems to be something interesting and exciting. It is, as long as the bettor bets for the sake of excitement, but usually such a game is not profitable. As soon as the bettor “kills” the gambler in himself and starts to make cold-blooded bets, finding and analyzing markets becomes a chore.
If you plan to win consistently on betting, plan to spend at least 3-5 hours a day for analysis and betwinner downlead. Betting does not have to be done daily, but you need to improve and develop in this direction constantly. So the necessary market for a bet can be found even if you look through the news feed of a sports website, and then it’s up to analytics.
Conclusion
You should understand that in any sport, you can only calculate the probabilities of the outcome, but the game will end randomly. Your personal choice somewhat does not increase the chances of winning a bet if it is made without an in-depth analysis of the market.
FAQ
Is the “illusion of control” a real-life aspect to rely on?
The “illusion of control” has been around since the beginning of time. It’s well-known to a lot of bettors around the world. The situation is familiar when a bettor thinks that he has a grasp of the case and everything solely depends on his decision and fate has nothing to do with it.
Is it difficult to deal with it?
It’s quite a problem to deal with, and more often than not, gamblers should kick the habit. False illusions can make people broke.
