Last updated on November 12th, 2021
Some betting strategies are famous and well-understood enough to be known by almost every bettor out there. VOdds sports trading platform understands that there are punters who are flexible enough to advance further beyond the status quo and excel over other bettors in the field, while there is also a significant number of people who are ideologically rigid and are comfortable with the old methods of how they place stakes.
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Here is why the punter should not settle with traditional methods of betting
A parallel in biology
Bats and insects have evolved tactics and counter-tactics during the course of their long history of predator-prey relationship.
Bats evolved a echolocation to effectively detect and catch their food which are mostly insects, notably moths. To counter this advance method of catching prey, moths have evolved more sensitive organs to detect echolocation waves from bats, allowing them to develop more mature behaviours of evasion.
Now, some moths started to evolve ultrasonic clicks that are loud enough to confuse and counter the bat’s echolocation calls.
In order to catch up with the moths’ advance mode of evasion, bats began to develop lower or higher frequency echolocation that are out of range of the moths’ hearing ability.
In turn, the moths developed an ability to hear higher and lower frequencies of echolocation sounds, warning themselves of the impending danger.
Why you should step up your game
The arms races are pretty common in the wild, especially among animals with a predator-prey relationship. If the bats preserved the frequency of their echolocation while the moths stepped up their tactics on detection and evasion, the bats would be left with no food to feed themselves.
In the same way, if moths do not develop their hearing abilities while the bats are already using higher or lower frequency waves, their whole species will become one large buffet for the predators.
Just like bats and moths, sports bettors and bookies alike are ever developing more advanced strategies to step up their game. New methods born and die in each generation of punters and those who stick with the same mannerisms are left out from the tides.
Look for newer betting methods
There has been a time when bettors are left to their guts to decide which decision to make on betting. In the development of different strategies and tactics on how to minimise losses and maximise profits in sport trading, a small group of people stood up among the rest.
However, as more and more bettors are became aware of these advance methods, equilibrium was gradually established among them, beating the purpose of the tactics.
The Kelly Criterion for instance might be the most advanced method when it was first released, but it has since been the norm as virtually every professional punter is aware of the said theory. Thus, the thirst for a fresher ways of stepping up the game followed.
The advent of Big Data
Some bettors are using technology to their advantage. In the advent of digital forms of gathering information, some bettors are using big data and algorithms processed by supercomputers to calculate odds and generate predictions with stunning precision.
For example, statisticians in Cardiff University have used big data to look into perceived contradictions in odds from hundreds of football matches, and use this information to bet. Those who are able to exploit this development in technology in sports betting would significantly advanced way ahead from other bettors.
However, there will be a time when this advancement would be countered by a similarly advanced method. This technology might pose a serious threat to bookmakers if made widely available to punters, which may force bookies to develop more sophisticated algorithms to counter the tactic. This would thus equalize the game.
People who want to excel way further would then find newer ways to step up from the rest. They will have their time, but there will always be a time of equilibrium and so on. Such is the way of the arms race.
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