Betting for beginners

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.

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.

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).

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.

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. 

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. 

When you get into wagering on UK betting websites, you will quickly discover there are numerous types of sports bets you can place. It can be hard to know which types of wagers you should take and which types you should avoid, especially if you are new to sports betting. That is why I am doing a series on the pros and cons of different types of bets.

Catch up on the series so far:

Rugby is a game with a lot of injuries.  Players need to be in excellent physical condition to last the duration of a match or a season. 

In fact, many players don’t make it through a season at all.  When minor players need to be replaced, it often isn’t a big deal.  But when key players need to be replaced, it can devastate the performance of the entire team.  Depending on how bad the injury is and how long the replacement lasts, that could result in a few lost matches or a lost season.

If you are getting into betting  on sports and are trying to decide which types of wagers to place, you may be wondering what the advantages and disadvantages of different types of bets are.  I have previously written in-depth about a number of different types of sports bets, but I focused in the past more on definitions than on pros and cons.  In this series, I am delving deeper into the benefits and drawbacks of each.

Been keeping up with the blog? If so, you probably noticed that I am doing a series of articles discussing the pros and cons of common types of sports wagers you can place on UK betting sites. In the past, I have written articles delving into the different types of bets, but those articles focused more on the definitions and variations of different types of bets than on their advantages and disadvantages.

Here are the articles so far in this new series: