Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: corporate site

BetFair Malta outputs a simplistic prediction game (about the 2008 European soccer tournament). I’m not impressed at all.

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Simplistic enough. Sounds more like a promotion trick than a real game.
The Sporting Exchange has outsourced the development of this game (and others) to a Swedish team.
The Swedish people won a “multi-year” contract. I don’t understand which partner is responsible for the creation of future games. Probably both, but it’s not clear. To get new [...]

Should prediction exchanges publish content, too?

Should prediction exchanges (betting exchanges) run prediction market media within their corporate site? I discussed this issue in an earlier blog post.
I was totally damn wrong, and I will tell you why. The criterion I had in mind was the quality of web journalism produced. It turned out that’s not the criterion that matters, for [...]

Masse launches personal attack on Betfair’s YU…

… wrote Niall O’Connor, in his fantastically rich list of social favorites (at Delicious) —where I come up as a “tag”, now.
#1. I have the highest esteem for BetFair’s David Yu.
#2. The main BetFair site and its sub-sites are near perfect —I would like the odds and the volumes displayed on a single page, somewhere, [...]

BetFair’s explainer on betting exchanges

… (a.k.a. real-money prediction exchanges).
From the BetFair’s Help sub-website:
How do betting exchanges work?
A betting exchange is a bookie which uses technology to make sure you get a better price. It does that by reducing its risk, which means it doesn’t have to build in extra margin as a safety cushion. The effect is that punters [...]

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