Reality TV Gambling - A Matter Of Luck?
As we have seen the reality TV market grown, we have also seen the introduction on reality TV gambling - an event which you can watch from your own arm chair and use your personal opinion to “win” - well that’s the theory - but is it really that simple?
Unfortunately, reality TV gambling has become one of the most difficult markets to predict, and often the hardest to try to “fix”, as many betting syndicates have found out to their dismay. It seems that there is nothing more unpredictable as the public vote, with many people voting with their hearts rather than their heads - a recipe for disaster in the gambling industry.
While there is no doubt that we have the seen the betting markets indicate some of the many to leave for example the Big Brother house, these are often “dead certs”, where the press and public have vocally displayed their displeasure. It is the more general reality TV gambles which are harder to predict, the one out of ten to win, the one out of ten to leave - markets in which public opinion will over run any attempted betting “coups”. As a consequence, these difficult to predict markets also offer the largest potential rewards if the gambler is able to “tap in” to the public opinion.
Despite numerous high profile attempts to influence the result of various reality TV programs, it is proving a market which the professional gamblers are leaving alone. They seem to have been left to the “Grand National” posse, those who only have a couple of bets a year.
Even though the professional gambler likes to see a degree of uncertainty in a betting market to make the best returns, voting with your heart rather than your head can blow many betting strategies out of the water - something which many are looking to avoid more and more.