Emotional biases may skew one’s risk perception and misjudge probabilities, leading to suboptimal betting decisions and financial losses. This study employed the original 40-item GCI to assess gambling-related cognitive distortions such as Luck/Chance and Skill/Attitude as well as an upward counterfactual thinking question. Results demonstrated that individuals who believed more in their good fortune tend ...
Winning the lottery gives people access to things they could only dream of before, such as buying their dream car or enjoying luxurious vacations – all things they never had access to before now possible thanks to big ticket purchases that can increase happiness levels over time. A recent study shows how lottery victories can ...
Poker is a game of information, and understanding the role position plays in decision-making can significantly boost your overall success at the table. Gaining an appreciation of its significance will allow you to play more hands in position, manage pot size more effectively, and extract maximum value from weak holdings. Positional advantage Position plays an ...
There are various betting systems you can employ when playing roulette, each offering different advantages and disadvantages as well as degrees of risk. However, it’s essential to keep in mind that roulette is a game of chance with an edge for the house – thus it is imperative that you play responsibly within your budget ...
