The law of large numbers suggests that, over time, the average outcome of a repeatable event will move closer to its expected value. For example, if a team wins the majority of its matches, a bettor may assume this trend will continue more often than not.
Altenar, a sportsbook software provider, recognizes how this principle can help protect bettors from blind betting trends—and ultimately boost player retention for operators.
As bettors increasingly focus on research and analytics to guide their betting behavior, the law of large numbers aligns with these skill sets by reinforcing patterns in popular global sports such as football, basketball, cricket, and more—all of which are available through Altenar’s software solutions.
With the perceived advantage of this theory—where a player believes their bet is statistically favored—they’re more likely to enjoy the betting experience and fully engage with the entertainment aspect of iGaming.
You can learn more about bettor psychology by visiting Altenar’s blog, which explores how bettors place their bets, what operators can do to improve retention rates, and offers a wide range of content—from case studies to regulatory insights and operating countries.
Start your sportsbook journey today with Altenar!
