Reluctance to bet against (hedge) preferred outcomes.[58] individuals are reluctant to bet versus sought after outcomes which have been pertinent to their identification. Gamblers exhibit reluctance to wager versus the achievement in their preferred U.S. presidential candidates and important League Baseball, National Football League, countrywide Collegiate Athletic Affiliation (NCAA) basketball, and NCAA hockey groups. in excess of 45% of NCAA fans in experiments 5 and 6, For example, turned down a "free" serious $5 bet towards their group. from the psychological point of view, such a "hedge" produces an interdependence Predicament – a motivational conflict between a short-phrase monetary achieve along with the prolonged-phrase Advantages accrued from emotions of identification with and loyalty to your place, person, or team whom the bettor desires to thrive.
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Bettors tend to choose to guess on favorites in athletic competitions, and sometimes will accept even bets on favorites when offered much more favorable bets on the more unlikely end result (e.g., an underdog crew).[fifty six]
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