Betting Tips Using Crowdsourcing

Betting Tips

As many of you know crowdsourcing is enlisting the services of a number of people, often associated with raising funds. 

On OLBG we have a crowd or group of tipsters who add tips.

Betting Tips is what OLBG is all about. 

Members add their tips with helpful reasoning so that:

• 1. Readers can benefit from the members sporting and betting knowledge.
• 2. The member can qualify for monthly cash prizes depending on how well their monthly tips perform.

On the main Betting Tips pages, you can view the most popular selections on a range of sports and events, and see the most popular tips of the day. 

Members take their tipping seriously because they know monthly cash prizes are on offer as well as their betting reputations. 

OLBG v The Bookies

We ran an experiment many years back called OLBG Vs The Bookies where on the forum we discussed, debated and then voted using this Wisdom Of Crowds theory as our guide.

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The more members who supported the bet was the bet we chose. 

We now have the tipping competition as our guide to the popular crowd bets.

Wisdom Of Crowds

When you see a selection that is being supported by many members it got me thinking about the Wisdom of Crowds. 

This was a book written by James Surowiecki that argues that decisions are often better and more accurate with a crowd than could have been made by any single member. 

This theory could have been designed for OLBG as we have a crowd of tipsters.

You can see an explanation of this crowd theory on You Tube by Professor Marcus du Sautoy from a BBC programme a few years back.

So when you see a horse or team or bet being selected by the "OLBG Crowd" then you can have a degree of confidence (not overconfidence) that the accuracy of the group is far greater than the individual.

Now with betting we have another facet to take into consideration and that is the price of the selection.

We need to make sure the price offers betting value in the specific event, but a good starting point for your daily betting studies are the Betting Tips pages on OLBG and this crowd theory.

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To assist you with crowd betting, the OLBG sports betting tips app shows which tips are the most popular and also how much confidence is behind each selection.