It’s no secret that we generally tend to remember the good, and quickly forget the bad.
They’ve even got a scientific name for it. It’s called the fading affect bias and it’s been proven to definitely exist in a number of experiments.
One of the experiments looked at a number of groups of people going on holidays. Each of the people in the groups was interviewed before during and after their holiday. They typically found that most people followed the same pattern of experiencing initial anticipation followed by mild disappointment.
What’s interesting though is the results from the interviews after their holidays.
The experiment found that most people described their holiday as being a more enjoyable experience after they were on holiday than they did when they were actually on holiday.
It’s strange how the mind works.
The same affect can easily take place in your betting if your not careful.
It’s all too easy to remember the winners and quickly forget the losers and end up thinking you’re doing better than you really are. That’s why it’s important you keep a record of all your results.
How you go about doing it is up to you. I’d recommend using a spreadsheet, but if you just want to use a pen and paper then it’s better than nothing.
You can click here to download a template spreadsheet to record your results in, to get yourself started.
Until next time,
Kenny Turnbull
