Hellmuth woes echo Sports Bettors woes Time Magazine recently published...
[I]Hellmuth says his change in fortune is not attributable to the cards. He blames the new breed of players: math nerds who use a mountain of sortable data from the millions of hands played online to dominate the game. "The reason I won 11 bracelets is my ability to read opponents," he explains. "These new guys are focused on the math, and they are changing everything."
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The same thing has already happened in sports betting. Old-Time Sports handicappers that WERE successful simply by reading the newspaper and watching the games are finding it more difficult to be successful today because the "math nerds" have made the lines sharper than ever.
The same thing has happened in the Stock Market. Wall Street has hired hundreds of PhD physicists -- guys who know the difference between random noise and real signal -- guys who aren't fooled by randomness -- guys who know the importance of getting the best possible line -- guys like Steve Fezzik.
The most potent handicapper, of course, will have BOTH the ability to crunch the numbers AND the ability to know what they mean. One of the two is no longer enough.
It's going to get harder and harder to be a successful handicapper without having the ability to thoroughly interrogate the past results.
Prof Meyer