Why are the predictions / bets of former famous athletes not always of high quality? Why are they attracted to large sites, media, TV? Theory and practice of betting.
Sports analysts and experts
In various articles, I have repeatedly spoken about a very common trend today: former professional athletes act as experts and offer their own sports betting options on TV, in print and electronic media. Why this is done, it is not particularly necessary to explain. Bookmakers receive advertising and customers, websites and TV – targeted traffic and a warmed up audience, former athletes in the role of cappers – additional income. In the end, everyone is happy!
Therefore, it will not be so much about the above fashion, but about understanding the fact that knowledge in the field of sports and knowledge in the field of betting are not the same thing.
It's like realizing that not every famous athlete can become an excellent coach in their sport. Take the well-worn example of José Mourinho: how a football player played at the level of youth clubs, as a coach – The Special One.
Thus, the purpose of this article is to explain that do not confuse special knowledge in the field of a particular sport with knowledge in the field of sports betting.
Whether you bet with your own mind, whether you take forecasts from the outside – you must take a responsible approach to this event, unless, of course, you consider sports betting as income, and not entertainment.
Specialized sports knowledge, experience, etc. are, of course, a good help, but this is not a determining factor in success in sports betting. What then is the main thing? Knowledge of the theory and practice of betting, understanding of risks, gaming and financial discipline. It is to master these leavings that one should strive, and the forecasts of real and former sports stars on websites and TV should become for all of us, albeit interesting, places worthy of attention, but just one of many opinions.
It is necessary to recognize, accept risks and manage them competently. For the majority of sportsmen who give their sports betting advice from TV screens and pages of paper or electronic media, this is just a non-committal game.
While preparing this material, I found interesting examples, which, albeit in an abstract form, can be transferred to our topic of sports betting. Borrowed from Nassim Nicholas Taleb, economist, mathematician, trader, bestselling author of Fooled by Randomness.. The book is not about sports betting, but there are a lot of interesting points in it, for example, about the same psychology and probability theory, and if I get my hands on it, I will start publishing selected places from this work.
Good luck to everyone, I will be grateful for the feedback on this material!