Bettors are likely to choose to wager on favorites in athletic competitions, and in some cases will take even bets on favorites when supplied far more favorable bets to the more unlikely result (e.g., an underdog crew).[fifty six]
Gambling dates back again towards the Paleolithic interval, right before prepared heritage. In Mesopotamia the earliest 6-sided dice date to about 3000 BC. even so, they had been based on astragali dating back again Many a long time before.
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Ratio bias. Gamblers will like gambles with worse odds which are drawn from a sizable sample (e.g., drawing just one red ball from an urn containing 89 crimson balls and 11 blue balls) to higher odds which are drawn from a little sample (drawing one purple ball from an urn that contains 9 crimson balls and just one blue ball).[59]
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