this post was submitted on 03 Aug 2024
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But sports games don't pay even odds. You can't just bet $10 on the favourite in every game, win 60% of the time, and come out ahead. You might only get paid $1.10 per dollar for a win. I'm not sure I understand how it's helpful. Maybe only apply to games that pay enough?
Wisdom of crowds is a thing, but that isn't how this ex-Valve dude's example was structured. You can't reward someone in particular for getting it right if you are averaging the crowd.