End-of-the-day betting effect
id:
end-of-the-day-betting-effect-274-13553418
title:
End-of-the-day betting effect
text:
The end-of-the-day betting effect is a cognitive bias reflected in the tendency for bettors to take gambles with higher risk and higher reward at the end of their betting session to try to make up for losses. William McGlothlin (1956) and Mukhtar Ali (1977) first discovered this effect after observing the shift in betting patterns at horserace tracks. Mcglothlin and Ali noticed that people are significantly more likely to prefer longshots to conservative bets on the last race of the day. They fo
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/End-of-the-day_betting_effect
date created:
date modified:
2023-04-20T22:30:37Z
main entity:
{"identifier":"Q5375770","url":"https://www.wikidata.org/entity/Q5375770"}
image:
fields total:
13
integrity:
13