The Monty Hall problem
Learn what is the Monty Hall problem. Knowing when the odds are against you. The challenge of selecting one favourable outcome. The solution
The Monty Hall problem
Price elasticity of demand and favourite-longshot bias
Understanding the Halo Effect
The illusion of control
Why patience is an essential trait for any serious bettor
Why it pays to be wrong in betting
Why do we gamble? Irrational and overconfidence
What type of bettor are you?
What is the Gambler's Fallacy?
What distinguishes winning from losing bettors?