Ratio bias. Gamblers will want gambles with worse odds which can be drawn from a considerable sample (e.g., drawing one particular red ball from an urn made up of 89 pink balls and 11 blue balls) to better odds that are drawn from a small sample (drawing just one pink ball from an urn containing 9 pink balls and a single blue ball).[sixty]
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Reluctance to wager towards (hedge) desired results.[fifty nine] consumers are unwilling to wager towards desired results which can be relevant for their identification. Gamblers exhibit reluctance to guess against the good results of their most well-liked U.S. presidential candidates and significant League Baseball, National soccer League, countrywide Collegiate Athletic Association (NCAA) basketball, and NCAA hockey teams. much more than forty five% of NCAA admirers in Studies five and 6, For example, turned down a "free of charge" genuine $5 wager from their group. from the psychological point of view, such a "hedge" creates an interdependence Predicament – a motivational conflict in between a brief-term financial acquire along with the extended-term Rewards accrued from feelings of identification with and loyalty to the place, man or woman, or team whom the bettor wants to succeed.