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choice for most likely outcomes. When gambles are picked by way of a choice process – when persons point out which gamble they prefer from a set of gambles (e.g., gain/reduce, over/less than) – individuals are likely to prefer to bet on the result that may be much more likely to occur.
Optimism/Desirability Bias. Gamblers also show optimism, overestimating the probability that preferred activities will come about. enthusiasts of NFL underdog groups, as an example, will choose to bet on their own teams at even odds than to guess on the favourite, whether the guess is $5 or $fifty.[fifty seven]
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