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Optimism/Desirability Bias. Gamblers also show optimism, overestimating the likelihood that wished-for activities will come about. enthusiasts of NFL underdog teams, for instance, will prefer to guess on their own teams at even odds than to guess on the favorite, whether or not the wager is $5 or $50.[58]
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although insurance policies is usually distinguished from gambling through the need of the insurable curiosity, the equivalent in gambling is actually betting in opposition to a person's very own most effective passions (e.g., a athletics coach betting towards his possess team to mitigate the monetary repercussions of a shedding year).