Serge Gorelikov
In betting, most mistakes are made not because of a lack of information, but rather due to a distorted perception of it. One of the most dangerous cognitive biases is confirmation bias. It lies in a person's tendency to seek out, interpret, and remember information in a way that confirms an already formed opinion, while ignoring or devaluing opposing facts. In betting, this trap is especially destructive because every decision is directly tied to money.