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.

How do Moneyline Odds work?

moneyline odds

We have already explained how to understand the Fractional Odds system used by UK bookmakers, as well as the popular Decimal Odds system. For completeness, we thought we would also explain the ins and outs of Moneyline Odds. This system is popular in the USA, and as such we will use dollars in the examples …

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What are Decimal Odds?

What are Decimal Odds?

Having understood the ins and outs of Fractional Odds (traditionally used by UK bookmakers), we think it will be a useful exercise for you to understand the Decimal Odds system as well. Decimal Odds show how many times your original stake (INCLUDING your original stake) you will get back if your bet wins. Obviously, this …

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Fractional Odds explained in detail

fractional odds explained

Bookmakers in the United Kingdom (and Ireland) usually quote prices using fractional odds (i.e. 5/1, 1/2, etc). How much do you really know about Fractional odds? Fractional odds show how much the bettor can profit, relative to their stake, IF their bet wins. In this article ‘Fractional Odds explained in detail’ we explain everything you …

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