The law of small numbers promotes the idea, to players, that by following tipsters they are likely to reach the pot of gold at the end of the rainbow, however, this can work in an operator's favour.
Many players believe that tipsters offer invaluable numbers, statistics and data to the point that they will likely place a bet based on the ‘predictions’ of these tipsters. Altenar, a sportsbook software provider, believes that by taking a closer look at the law of small numbers, an operator can gauge how influential tipsters can be to the betting landscape.
With the age of social media, tipsters often gain large followings, and this further colours the world of sports betting because it promotes the idea that a player has the chance to win, and it’s not always tipped towards ‘the house’.
With players believing that a small number of observations are representative of outcomes, operators can benefit from the previously perceived ‘negative’ aspect of the betting world and incorporate tipster culture into the overall experience for players.
Altenar, a sportsbook software provider, has researched how players are becoming more data-centric when placing bets, and these articles and findings can be found on Altenar's blog.
You can employ Altenar's far-reaching and global expertise by contacting the award-winning team today and starting your Altenar-created and tailored-for-you journey into sports betting!
