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When a player needs to make a betting decision, he sometimes resorts to the opinion of others: he reads the opinion of experts and interviews fellow bettors. Let's look at the influence of the collective mind on specific examples and find out when brainstorming is worth listening to and at what moments - to run away from it.
In the intricate world of sports betting, where every decision can tip the scales of fortune, the quest for a reliable source of information is perpetual. For bettors seeking an edge, integrating technology such as the Bet9ja Mobile Apps offers a beacon of insight and convenience. These platforms not only provide real-time data but also embody the concept of collective intelligence by aggregating the wisdom of the masses into actionable betting strategies. When a player needs to make a betting decision, he sometimes resorts to the opinion of others: he reads the opinion of experts and interviews fellow bettors. Let's look at the influence of the collective mind on specific examples and find out when brainstorming is worth listening to and at what moments - to run away from it.
The essence of collective intelligence
Collective intelligence implies a higher efficiency of decision-making compared to individual intelligence. A large number of people give a prediction for a particular event. The average of these statements will be optimal and the closest to the real outcome. This approach does not guarantee a 100% result but increases the probability of a bet going in (if we talk about betting).
American journalist James Surowiecki's book "The Wisdom of Crowds", concluded that collective intelligence works effectively in many areas of life. The most striking example is the search for the submarine Scorpion, which disappeared in the Atlantic in the spring of 1968.
The search radius was 20 miles. The distance is large, and there was no time to think. Naval officer John Craven questioned other officers about the possible location of the submarine. The majority opinion was correct - the submarine was found 200 metres from this place.
Collective Intelligence in Betting
Betting is like looking for a sunken submarine. Collective intelligence can correctly predict the outcome of a match (or not). Betting line quotes are also adjusted by the "opinion of the crowd". Let's look at a few examples from the world of sports.
Harry Rednapp and the England National Team
In 2012, Fabio Capello stepped down as head coach of the England national team. Many bettors placed bets on Harry Rednapp joining the team, although his chances were not very high.
The large amount of betting on Dirty Harry triggered a market shift in the wrong direction. Betting customers and the media were confident of Rednapp's appointment. Imagine their disappointment when Roy Hodgson takes the head coach post.
Germany national football team (2018)
"German machine" was considered one of the leading contenders to win the 2018 World Cup. Experts, players and bookmakers agreed that the German national team should take the gold. The arguments were weighty:
- Germans at that time were the reigning champions;
- the team was on the second line of the FIFA ranking and almost always made the playoffs of major tournaments.
Only a few people thoroughly analysed the situation and came to the most optimistic conclusions. It turned out that the German national team won only one game out of six (before the 2018 World Cup), and the head coach did not include many key players, thanks to whom the Eagles won major championships.
Bastian Schweinsteiger, Philipp Lahm, Miroslav Klose and other stars of German football "flew" past the 2018 World Cup. The group of Joachim Löw's wards (at that time) was difficult. The quartet included Sweden, Mexico and South Korea.
The German national team finished in last place in the group and failed to qualify for the play-offs. Fans, experts, and bettors were shocked - it seemed that such a scenario was simply impossible! The winners were those who carefully analysed the information rather than blindly trusting the majority.
These examples show that real analysis of what was happening did not confirm people's opinions and bets. The second case is particularly revealing. The majority of participants were orientated on the German national team's past achievements and did not consider many important factors that caused the Germans to fail at the World Cup.
Conclusion
You should not rely on collective intelligence in betting. Many bettors study matches superficially, not wanting to dig into statistics and identify patterns. Question any statement and analyse the meeting yourself.
In sports betting, take responsibility for yourself. Win - great, move on. Lose - take a step back and consider why the bet lost.
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