A consensus pick is a collection of data that tells what way the betting has been going on a particular game. The data is collected from a wide range of different bookmakers and shows the number and value of bets placed on individual games. This is solid factual data which can provide you with an insight into what a broad selection of football fans are thinking and what they think the result of a game will be. The data does not tell you if they are correct, simply that they have bet a certain way. A consensus is also a betting market, you can bet with or against it.
Champions League Consensus
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Betting against the Public Consensus in Champions League
The Champions League generates massive betting markets around the world and people are always looking for additional information to help give their betting strategy a competitive edge. With thousands of daily bets placed on it, it is good to know that you have a resource which indicates the general state of wagering. This is where public betting and consensus picks comes into play.
As a market, the value of betting the public consensus is simple: it is an opportunity for you to win money by betting with it or against it. Betting with suggest you agree with where the popular money is going and betting against suggest you have a hunch the wider public has got it wrong and there is a surprise result coming. So, you can view a consensus pick as an opportunity to engage in some strategic betting.
The Champions League can throw up some surprising results and a lot of bettors like to gauge the general mood of the betting public via a consensus pick. It can be a useful benchmark and help you decide which side of the fence you are going to fall on. You can side with the majority and bet with the consensus. Or you can decide that the majority have got it wrong! Perhaps you know something they don’t, maybe you have a hunch, or you could be a person who like to go against the grain. Whatever your reason, if you bet against the public consensus, you are considered to be “fading” the public. This can work for you or against you, but this is the case with any bet!
A thing to note about consensus data is that it can change. It is often the case that a large volume of bets come in the day of the game that alter the consensus. The consensus data a week before the game can look different to the data 1 hour before kick-off.