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.
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.