Mark Davies of BetFair (PDF file):
International Leaders in Sport conference, Auckland, New Zealand. April 3-4th 2008.
Keynote speech, April 4th. Mark Davies, Betfair.
“New Understandings in Sports Betting”
Minister, ladies and gentlemen… Thank you very much for your kind invitation to speak to you today. I have once before been asked by sport to address it, as a [...]
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International Olympic Committee head Jacques Rogge
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Olympics @ Wikipedia
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Contract Rules
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This contract will settle (expire) at 100 ($10.00) if there is an official boycott of the 2008 Olympic games in Beijing announced before the commencement of the games.
The contract will settle (expire) at 0 ($0.00) if there is NOT an official boycott of the 2008 [...]
The Guardian:
The International Olympic Committee is to attempt to forge a unified approach to sports betting across the Olympic disciplines, working with governments and international federations to prevent corruption associated with gambling [and betting].
Jacques Rogge, the IOC president, announced yesterday that he will try to introduce an early-warning system to alert sports to suspicious betting [...]
US Attorney General Alberto Gonzales resigns. More. (Good riddance, by the way.)
Doug Mills / The New York Times
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Once again, Chris Masse was right on the money:
[...] Just like the Olympic City prediction markets, the resignation prediction markets are rarely predictive because there aren’t any reliable advanced indicators to guide the traders. The Olympic committee is [...]
Karl Rove will resign from the White House.
Emile Servan-Schreiber:
Chris, how exactly do you define “predictive”? If your criterion is “last trading price above 50%”, that would betray a very limited understanding of the nature of both probability and binary markets. That’s a debate you and I have had ever since the first days of chrisfmasse.com [...]
The NewsFutures prediction market on Harry Potter still believes (at 75%) that the most reasonable outcome will be that J.K. Rowling lets Harry Potter survives the 7-book series. Which does not mean that that’s going to happen. The prediction market gives us an objective probability for this outcome, that’s all.
Niall O’Connor of Betting Market believes [...]
[This two-part article from David Stalcup is cross-posted from MajorWager: Part I + Part II. See disclosure at the bottom of this blog post.]
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Pinnacle Sports introduced the serious and casual American bettor to reduced pricing, and betting has not been the same since. Even the most casual bettor could see the long term advantage of [...]
If the British legal betting companies offer bets on the sport, it is because there is demand for bets on the sport —and if that demand were not offered in a regulated environment, it would be filled in an unregulated one (like what we see with TradeSports-InTrade and MatchBook in the US market).
Mark Davies of BetFair (PDF file):
International Leaders in Sport conference, Auckland, New Zealand. April 3-4th 2008.
Keynote speech, April 4th. Mark Davies, Betfair.
“New Understandings in Sports Betting”
Minister, ladies and gentlemen… Thank you very much for your kind invitation to speak to you today. I have once before been asked by sport to address it, as a [...]