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Is Gambling Addiction Really an Addiction?

Anyone who gambles has had to put up with accusations at one point or another from overly concerned friends, family, or colleagues.  “Gambling is an addiction,” they say.  “Gambling is bad for you.  Don’t do it.”

 

There are people who gamble irresponsibly and who seem to lose all control over their behaviour.  These people do behave like addicts, and it is understandable that many people seem to perceive gambling in much the same light as a controlled substance.  But is “gambling addiction” really an addiction? 

 

Is the Dunning-Kruger Effect Impacting Your Gambling?

There are literally dozens of cognitive biases that impact the decisions we make on a regular basis.  When these cognitive biases get in the way of smart gambling decisions, they can cost you money. 

 

One cognitive bias that you may not know about is the Dunning-Kruger Effect.

The Dunning-Kruger Effect is a tendency for unskilled individuals to overrate their abilities while skilled individuals do the opposite.

 

Tennis Tournaments: US Open

New to following tennis betting?  If so, a good place to start is with the four annual events which are part of the Grand Slam tournament: the Australian Open, the French Open, Wimbledon, and the US Open.  These are considered the largest and most prestigious tennis vents in the world. 

 

Tennis Tournaments: Grand Slam Tournaments

Interested in following tennis, but not sure where to start?  Tennis is a fascinating, fast-paced sport, and you will find many opportunities to wager on tennis on the best UK betting sites.  But with so many tennis tournaments held each year around the world, it can be hard to know where to begin.  One idea is to start with the Grand Slam tournaments.

What are the Grand Slam tournaments?  Also known as the “majors,” these are the four biggest tennis events which are held every single year.  They include:

How to Read a Cricket Pitch

At the start of a cricket match, you will see the team captains from both sides examining the pitch.  They then toss a coin to see which captain gets to decide who will bat first.  This decision takes a number of factors into account, one of which is the starting conditions of the pitch and the expected conditions as play unfolds.  This is particularly important in test cricket where matches may go on for days and the pitch conditions may evolve tremendously.

Types of Cricket Pitches

Weather and pitch conditions both have a major impact on how cricket games unfold. So if you are going to be wagering on cricket, you will need to learn how to read pitches.  This means not only understanding the current conditions of the pitch, but also being able to identify the overall “type” of pitch you are looking at.  This will help you to grasp not only the present conditions, but also how conditions are likely to change as a match progresses (very important with test matches in particular, which can last for days).

Types of Cricket Bets

If you are getting into cricket betting, you have probably discovered that there are numerous different types of bets available.  This should come as no surprise considering that cricket is a complex sport with many variations and many factors influencing outcomes.  So what are some popular types of bets you can place on this exciting sport?  Let’s take a look.

 

Top Cricket Leagues and Tournaments

There are few games in the world which test players like cricket, which requires both physical and psychological finesse to win.  This means that wagering on cricket can be every bit as challenging, with many complex factors playing into whether you win or lose. 

 

Pros and Cons of If-Bets

Getting into punting and trying to figure out which wagers are worth placing and which should be avoided?  Your first bets will probably be typical straight bets, but over time you will learn there are numerous other types of wagers available: teasers, parlays, progressive parlays, future bets, and many more.  I have discussed these different types of bets before, but I figured our readers could use some additional guidance in selecting wagers to place. 

 

What is the Green Lumber Fallacy?

A lot of newbie sports gamblers get into betting because they know a lot about sports.  They reason that this gives them a great platform off of which to launch a betting career.  It is not an entirely unreasonable proposition.  They do have a great bedrock of starting knowledge.  But it is not enough.

To look at why, we can talk about the Green Lumber Fallacy.

 

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Gambling on the Internet

A few things to consider when gambling online:

  • Take advantage of first deposit bonuses
  • Have a budget and stick to it
  • Don't lose more than you can afford
  • When drunk, don't bet!
  • Don't chase losses
  • Bet on markets you know well
  • Don't abuse bonuses