Knowing how to apply and measure confidence in betting is one of the secrets of success.
Throughout our betting articles, we always give space to issues related to the psychological part of a bettor. Something very influential in our life is confidence, because depending on the proportion in which we feel it, we can have different results for the same action. In betting is no different, as it can help you achieve success, as well as hinder you in any decision making. That's why we tried to go deeper into this subject, as we are used to hearing positive aspects, as well as negative ones, about the influence of confidence in the world of betting.
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One thing that no one denies is that for teams or athletes, confidence serves as fuel, as over the decades we have grown tired of seeing performances in which the psychological power, of believing in their ability and being focused on the objective, gave surprising results. But we need to be very thoughtful when we are the ones in control, as confidence impacts not only the athlete, but also the punters.
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If we ask anyone who has reached a level of excellence in betting, most likely will respond that confidence is the result of many years of dedication and study. Knowing how to dose it and correctly reading how much it is influencing the decision-making of an event, we can extract positive things from it, such as motivation and perseverance, especially in times when things tend to go wrong. At these times many end up giving up, so confidence serves as an added incentive to believe in their own abilities, processes, methods and strategies, but still needing adjustments, experience and experiments.
But there is the other side. Anything in excess may not be beneficial, and even confidence can trip you up, even if your intentions are positive. Overconfidence can have delusional effects on a particular event, clouding your judgment about facts and probabilities. At this point, human psychological biases come in that result in negative effects. Overconfidence can cause the fallacy of thinking we are better than we really can be.
A good time to assess how you measure confidence is in times of losses, especially when they become cumulative. At this point, what we said in the previous two paragraphs comes in, as it serves as a stimulus in a natural way, seeking to make an approach to find the mistakes and remain firm on the goals, even though we know that adjustments need to be made to its evolution, as well as insisting on strategies and convictions, just for the simplistic thought that this is a bad moment, and the previous results will not affect your next steps, as you are at a high level of confidence.
Confidence does not only impact us, as we are talking about a market in which there are other competitors (bettors) and bookmakers. If your self-confidence means, at the same time, disdain for the assessment that the market as a whole has of a given event, you will have difficulty reaching the small percentage that is the shelf of successful bettors, due to this depreciation in a highly competitive environment and volatile, as in betting.
The truth is that confidence will always be present in our bets, influencing who we bet on and the amount we place, even if many bettors end up not realizing it. That's not a problem, it's part of the process, as long as you know how to understand and use confidence in your favor at the right time. If it's in the form of perseverance, attitude and application, that's ok! Good luck!
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