Bettors have a tendency to prefer to wager on favorites in athletic competitions, and sometimes will settle for even bets on favorites when provided more favorable bets on the less likely end result (e.g., an underdog crew).[fifty seven]
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Optimism/Desirability Bias. Gamblers also exhibit optimism, overestimating the likelihood that wanted gatherings will arise. Fans of NFL underdog groups, for example, will prefer to wager on their teams at even odds than to bet on the favorite, whether the guess is $5 or $fifty.[58]
Some speculative financial investment pursuits are specially risky, but are sometimes perceived to get distinctive from gambling:
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