Breaking the Illusion: Recognizing Cognitive Biases in Gambling

Breaking the Illusion: Recognizing Cognitive Biases in Gambling

It is one of the most harmful cognitive biases associated with gambling. It can encourage gamblers to make rash decisions which can result in an addiction to gambling, financial ruin and other concerns.

The findings of this research demonstrate that base-line distortions of Luck/Chance are associated with gambling issues, however, the distortions that are related to Skills/Attitudes were not.

Illusion of Control

It is among of the most commonly-cited mistakes in the mind that lead to problems with gambling. It is a cognitive error that leads to problem gambling. The incorrect assumption could be especially dangerous especially during periods of loss, as people are anxious and want to make up for their losses.

Because of this, players may be more prone to risky behavior and bet more that they normally. In addition, they may be a victim of upward counterfactual perception, which can cause them to believe that the outcome would have been different if they had acted differently (Darke & Freedman, 1997a).

Additionally, it can trigger superstitious habits and rituals that include touching or saying certain phrases before placing bets. So it’s crucial to understand the psychology of luck involved in the world of online gaming, and to be aware of as well as challenging the irrational beliefs and practices that may affect your decision-making.


People who gamble often develop superstitions regarding their actions. A few 12bet gamblers rub their rabbit’s feet and wear socks with lucky numbers or wear a team’s jersey in order to increase their odds of being successful. Bettors may even make a whistle in hopes of bringing luck. This belief can be explained using the heuristic of availability, which is when people base their decision-making and decisions on information easy to access.

Another common type of gambling superstition is that someone may have won more they had been more lucky. It is a form of the upward counterfactual that researchers have found. This can lead to the false belief that you can win. This kind of thinking can have an adverse effect on gambling behavior and could even lead to pathological behavior. A study (Holub, al. 2003) on the relationship between upward counterfactual thought and gambling behavior found that gamblers who had high levels of counterfactually upward-looking thought were more likely to expect less winnings than those with lower levels.

Randomness and Pattern Recognition

When you step into the thrilling world of gambling online, it’s not difficult to become swept up in the thrills and excitement. Although luck plays a role however, you’re in a degree of control.

If a close-win (like the case of a near-win) is observed, it can create a feeling of excitement. The anticipation then fuels the player’s desire to keep playing, hoping that the next winning opportunity may be close by. This is known as “chasing losing” and may lead to more losses, or even mental issues.

The researchers believe one reason that this sort of behaviour occurs is because people often generalize subjective control. Also, they use heuristics or shortcuts, in order to form judgments and decisions. One example is the availability heuristic. This tends to base the decisions made based on information readily available. Upward counterfactual thinking may be able to mitigate this tendency, and also help to prevent the problem of gambling.

Emotional Effect

Gambling is an intricate activity that involves both winnings and losses. are always inevitable. If they are losing, players might feel frustrated, anxious, or desperate to recover their losses. It could lead to an unending cycle of emotions that have precedence over rational thinking. These are the areas where cognitive distortions, such as the illusion of control and the 12bet gambler’s fallacy, come in.

These distortions, which include superstitions and rituals, provide the illusion of safety in an environment in which the lines between the two are unclear and the will of fate are in charge. It’s crucial to be aware of and confront these irrational beliefs, so that they can be avoided from having detrimental impact on gambling.

A positive mindset is key to online gambling success, as it can help players overcome negative emotions and remain positive about their skills. This can motivate them to be more strategic and take on higher risk, leading to more lucrative payouts. Interestingly, our study found that belief in luck wasn’t related with the problems associated with gambling of people at baseline, or even after six months and was associated with upward counterfactual thinking.