Betting Knowledge

How does Wisdom of the Crowd affect odds?

wisdom of the crowd

Wisdom of the Crowd refers to the phenomenon that a large number of individuals in a group, will usually be able to make better decisions than any individual in that group. This happens, because individual noise is filtered out.

What is an Each-Way Bet?

Each-Way Bet

If you place an each-way bet on a single event, you are effectively making two separate bets. One bet is on a win only basis, and one is on a place basis.