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- Jason Ruspini rebuts Eric Zitzewitz on the regulation of political prediction markets. — [COMMENT]
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- NASA has finally understood the theorical basis of LENR (low-energy nuclear reactions). — [VIDEO]
Tag Archives: decimal odds
Expressing betting prices as percentages
Smarkets: Can I choose my style of odds? We show percentage odds by default, but you can select the odds display of your choice from the top of every page. We offer American, fractional, decimal and percentage odds. Because we … Continue reading
Posted in Betting
Tagged American odds, Betting, decimal odds, fractional odds, percentage odds, probabilities, Smarkets
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BetFair are impermeable to the prediction market approach.
BetFair seem to be stuck with the betting approach, as far as I can see. The prediction market approach would require that you present to the public (as opposed to the small population of bettors) the probabilities expressed in percentage. … Continue reading
Why the BetFair model is partially obsolete
I like BetFair and the BetFair people very much. I was the only blogger to talk up the BetFair starting price system and the BetFair brand-new bet-matching logic. But the other face of the coin is that 2 aspects of … Continue reading
Posted in All Best Posts Ever, Analysis (Industry), Exchanges & Markets, Internet Marketing - Internet Commerce
Tagged BetFair, business models, decimal odds, digital odds, Google, Google Search, Google Web Search, Internet search engine, Internet search engines, odds, prediction market approach, prediction markets, probabilistic predictions, probabilities, Search Engine
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Londoners (among them many faithful Midas Oracle readers) go voting today. Spot, in the first chart, that British political betting expert Mike Smithson serves some (IMPLIED) PROBABILITIES EXPRESSED IN PERCENTAGES to his readers —and not those fu***ng fractional odds, or those equally fu***ng digital / decimal odds.
- Boris Johnson, next mayor of London: – RELATED: BetFair’s “percentage vote share” prediction markets are illiquid, alas. – BetFair blog’s London page — Tabloid style. I don’t like it much. I think politics should be treated more seriously. Mike … Continue reading
Posted in Exchanges & Markets, Market Liquidity, Market Prices & Probabilities, Politics
Tagged Bath, BetFair, Boris Johnson, Bristol, decimal odds, digital odds, elections, event derivative markets, event derivatives, fractional odds, Google, Ken Livingstone, London, mayor, Mike Robb, Mike Smithson, New York Times, percentages, prediction markets, probabilities
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