Midas Oracle .ORG » gambling addiction

How the obsession with InTrade and BetFair’s prediction markets destroyed some careers

Chris F. Masse — Wed, 22 Jul 2009 06:31:06 +0000

It is an untold story on Midas Oracle.

There has been a carefully orchestrated plan to keep me out of the loop —so that I don’t report anything to you.
I have censored myself so as not to tell you what I know.

If you know anything, and want it published, contact me.

Was Larry King a horse racing betting addict in the late 60s and early 70s?

Chris F. Masse — Sat, 23 May 2009 07:58:40 +0000

In the video, he denies. He suggests (if I understand well) that his passion for betting on ponies didn’t prevent him to have a normal productive life.

The Daily Show With Jon Stewart

M – Th 11p / 10c

Larry King

thedailyshow.com

Daily Show
Full Episodes

Economic Crisis

Political Humor

Download this post to watch the video if your feed reader doesn’t show it to you.

Type “Gambling Help” on Google UK (so as to get help to cure your gambling addiction), and what you’ll get is a sponsored link for a British bookmaker that offers you 10 bucks (“quids” as they say) for free.

Chris F. Masse — Sat, 18 Oct 2008 09:13:54 +0000

Betting Market:

TradeFair was first branded as a serious financial prediction exchange, but it didn’t work out, and TradeFair is now actually an operator that applies gambling (not betting) to the financial markets.

Chris F. Masse — Mon, 13 Oct 2008 13:03:12 +0000

Take a look at their ad:

Three remarks:

They got carried away from the prediction market approach (which, unlike InTrade, they never understood fully, anyway).
This gambling approach of the marketing of the prediction markets is very interesting in terms of potential revenue growth. I encourage InTrade, TradeSports, BetFair, NewsFutures and HubDub to adopt it.
However, it remains to be seen whether TradeFair is the right venue for gambling. TradeFair was supposed to be a serious financial prediction exchange (the British equivalent of HedgeStreet), and it is now the online equivalent of Macao or Las Vegas. Hummm… Will these 2 different worlds mix well together? Could La Callas sell pork sausages? Could Yehudi Menuhin sell used condoms?
And I won’t mention the issue of problem gambling, which I predict will be made worse thanks to TradeFair Hi & Lo and BetFair Arcades.

Once the previous bet is resolved, you can start off anew with another 5-minute bet on the FTSE —from the level that was the basis for the settlement of the previous bet.

BetFair Arcade seems to be a play-money / real-money gambling product that is going to bring problem gambling to a higher level —if the testimony of this recent winner (Â£11K) is to be taken seriously.

Chris F. Masse — Wed, 24 Sep 2008 19:38:06 +0000

BetFair Arcade