Tag Archives: Bet
You can’t have accumulator bets on the weather of neighboring regions…
… because “if it snows in one city, it’s likely to snow in another city.” In other words, these weren’t independent events.
Via Barry Ritholtz (author of Bailout Nation)
Ben Shannon’s bad Corzine bet.
Ben Shannon (who blogs as “Jesse Livermore” at “Wiser Than The Crowd”) did bet on Jon Corzine — “buying around 65-68″, at the end of October 2009. Bad bet. Once again.
Professor Thomas Rietz (Iowa Electronic Markets) was so wrong on the usefulness of prediction markets about the 2016 Summer Olympics in Chicago.
Chicago Olympic Market Might Have Value, Says Reitz (Chicago Tribune, April 17)
A credible source of information about Chicago’s chances of hosting the 2016 Olympics would have value, says columnist Bill Barnhart. Local real estate developers, hotel operators, employment agencies, vendors of products and services to major events and others have a direct stake in whether [...]
Matt Drudge links to a NY Post story about InTrade’s VP prediction markets.
Drudge Report: GAMBLERS BET ON HILL & MITT FOR VEEP…
New York Post: GAMBLERS BET ON HILL & MITT FOR VEEP.
-
Betfair partner goes to the wall.
ON 20 August 2007 Interactive Gaming Holdings (IGH) announced that its online betting companies had ceased taking bets pending clarification of the company’s financial health. IGH’s shares had been suspended on August 17, after a mooted financial loan had failed to materialise. The death of another online bookmaker, may not have warranted a mention, had [...]
Harry Potter will NOT die? Don’t Bet on It.
Prediction markets work well in some cases and less well in others. The Justin Wolfers and Andrew Leigh article appearing in The Melborne Review states the pertinent point: “attempts to set up markets on topics where there are insiders with substantial information advantages have typically failed” because the presence of highly informed insiders will [...]
Recent Comments