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Crowdsourcing is the process of gathering information for decision making from multiple sources, a collective, or crowd. The benefits of crowdsourcing include achieving a broad range of opinion, harnessing multiple levels of talent, lower costs and faster results. In the context of sports betting, how can crowdsourcing be used, does it provide any advantages, and can it be developed into a sports betting system. In the article we discuss these issues and present a way for crowdsourcing to be used to develop a winning betting system.
Studies have shown that collaboration from multiple, diverse sources, in the form of crowdsourcing, can produce fast and efficient answers to a variety of problems. In a recent competition, the university MIT successfully used the power of crowdsourcing to win a DARPA balloon location challenge. Without the power of crowdsourcing MIT would surely not have succeeded.
A common betting system is one that looks to take advantage of discrepancies in the odds and lines offered by bookmakers when compared with predicted results. The challenge for a sports bettor lies in identifying these discrepancies, as one must act fast as they are often quickly corrected by bookmakers. This challenge can be solved by employing the power of crowdsourcing. By using the power of the collective a sports bettor can quickly and efficiently identify any discrepancies and take advantage of these before the bookmaker is able to correct them fun88.
So how does a sports bettor use crowdsourcing to help identify any bookmaker discrepancies? One way to use crowdsourcing is to get access to a wide variety of opinion on the sports bet topic at hand. The best method to do this is by getting access to the daily picks from over 500 sports handicappers. The daily picks from over 500 sports handicappers becomes your "crowd" from which you can analyse the information and "source" the discrepancies fun88.
If you would like to read more about crowdsourcing, sports betting and how to develop a sports betting system, click the links below.
Spend anytime looking for sport betting systems and you will see some outlandish claims about sky rocketing your bankroll fast. Do these sport betting systems really work in the long run or are they just as risky and costly to your back pocket as impulsive betting?
If you are like people that loves to bet on your favorite sports you probably daydream about the day you can become a professional sports bettor. The reality is that making a living out of sports betting is indeed possible when you approach things with the right mind set and with proven sport betting systems.
First you need to assess how much you are willing to gamble, a bankroll that will fund your betting career. How much money you have is not important when you are starting, you goal should be increasing your bankroll overtime so patience is critical. Your bankroll should be money that you can afford to put aside and used solely for betting and your sport betting systems.
You will hear a lot about unit sizes, bet size ratios and other fundamental betting principles related to your bankroll. Typically most will advocate wagering 1-2% of your bankroll on any bet. While this works, the professional sports bettors take things one step further.
Professional sports bettors are not the luckiest people in the world. There is nothing magical about their abilities to make money over time.