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Reluctance to bet against (hedge) wished-for results.[59] consumers are reluctant to wager against preferred results that are related for their identity. Gamblers exhibit reluctance to wager from the success of their most well-liked U.S. presidential candidates and big League Baseball, National Football League, nationwide Collegiate Athletic Affiliation (NCAA) basketball, and NCAA hockey teams. a lot more than forty five% of NCAA fans in research 5 and six, As an example, turned down a "absolutely free" serious $5 bet versus their group. From a psychological viewpoint, this type of "hedge" results in an interdependence Predicament – a motivational conflict between a brief-term financial gain as well as the very long-expression Advantages accrued from thoughts of identification with and loyalty to the situation, person, or team whom the bettor wants to succeed.
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Gamblers exhibit a number of cognitive and motivational biases that distort the perceived odds of situations and that affect their preferences for gambles.
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