Bettors are inclined to prefer to wager on favorites in athletic competitions, and sometimes will take even bets on favorites when offered much more favorable bets to the less likely final result (e.g., an underdog team).[forty seven]
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Gamblers show a number of cognitive and motivational biases that distort the perceived odds of occasions Which influence their preferences for gambles. For instance, gamblers exhibit a pricey aversion to betting against their favored group or political candidate.
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