Cognitive Biases in Gambling

🎯 Hook: The Chiefs Trap

Last week, the Kansas City Chiefs won their game by 21 points. They looked unstoppable. Patrick Mahomes threw 4 touchdowns.

This week, they're playing again. The line is Chiefs -3.5.

Your brain says: "Bet the Chiefs! They're on fire!"

You bet $200 on the Chiefs. They lose by 10.

What happened?

Your brain saw one dominant performance and convinced you it was a pattern. You ignored:

• They were playing a terrible team last week
• This week's opponent is much stronger
• The line already accounts for recent performance

This is a cognitive bias. And it cost you $200.