Betting MythsFavorite-Longshot BiasProbability and Expected ValuePsychological Traps and BiasesQuestionsRacing-Specific StrategiesRisk ManagementSports Betting Psychology4 Min Read Betting Researchon01/03/2025Question: Why do bettors overestimate the chances of favorites winning? The favorite-longshot bias is a well-documented trend in sports betting, where bettors tend to place too much money on underdogs while not…
