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Tag Archives: percentages
Smarkets better than BetFair and InTrade
Smarkets now allows you to set your own odds in the format of your choice — percentages, fractions, decimals, or American odds. External Link: Smarkets
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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British blogger Mike Smithson uses probabilities expressed in percentages, not digital odds, for his charts.
Probabilities expressed in percentages are easier to convey to the public. If Mike Smithson got it, why can’t BetFair get it?