Tag Archives: sports betting markets

POLLS VERSUS PREDICTION MARKETS: Justin Wolfers retorts to Bob Erikson.

Posted on June 9, 2008 by Chris F. Masse

Justin Wolfers (in January 2008): 1. Bob and Chris has four elections in their data, so it is hard to draw too much from it. That said, I draw two conclusions. First, markets beat an unconditional use of polls as … Continue reading →

Posted in All Best Posts Ever, Analysis (Accuracy & Precision), Exchanges & Markets, Forecasting (Science & Practice) | Tagged , , , , , , , , , , , , , , , , , | 7 Comments

Betfair must display its revolutionary credentials.

Posted on October 5, 2007 by Niall O'Connor

When publishing its results for the year ended 30 April 2007, Betfair said that it was in a “Very strong cash position with 180m stg of corporate funds at the year end in addition to 174m of client funds held … Continue reading →

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Justin Wolfers wants America’s sports bodies to allow sports betting so as to outlaw the quirky bets that induce corruption.

Posted on July 27, 2007 by Chris F. Masse

Justin Wolfers in the New York Times (Blow the Whistle on Betting Scandals) [...] Point-shaving is a crime of opportunity, and the opportunity comes from the structure of sports betting markets. The commissioners of the major sports need to address … Continue reading →

Posted in Analysis (Industry), Betting, Regulations | Tagged , , , , , , , | 2 Comments

BetFair Case Study – Betting Exchange – Prediction Markets

Posted on February 1, 2007 by Chris F. Masse

Nisan Gabbay: Flutter was initially envisioned as an online betting community, where users could place bets against their friends and other members of the community. It could almost be thought of as the eBay for betting – users would list … Continue reading →

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Betting, Entrepreneurship, Exchanges & Markets, History, Internet Marketing - Internet Commerce, Inventions & Innovations | Tagged , , , , , , , , | 3 Comments

Reality Check on TradeSports-InTrade John Delaney’s Exil Statement

Posted on January 22, 2007 by Chris F. Masse

Speaking via Skype from Ireland, E.U., where he is now in exile, TEN CEO John Delaney made a number of points. Let’s check. (Note: This is the second version of his statement, on another URL.) — We have become regarded … Continue reading →

Posted in Analysis (Industry), Analysis (Meta), Ethics, Exchanges & Markets, Internet Marketing - Internet Commerce, Regulations, Software | Tagged , , , , , , , , , , , , , , , , , , , , | 3 Comments

Benefits and non-benefits of sports betting markets

Posted on October 30, 2006 by Andrew Gelman

Chris Masse wrote this about ways in which sports betting markets could be used to catch fixed matches. He wrote this as a refutation to my comment that I enjoy gambling in semi-skill-based settings (poker, sports betting, election pools, etc.), … Continue reading →

Posted in All Guest Authors's Posts, Analysis (Meta), Betting | Tagged , , , | 2 Comments

Carving a legal niche for prediction exchanges in the U.S.

Posted on October 17, 2006 by Chris F. Masse

David Pennock favors the Hahn–Tetlock economic purpose test, “in the current legal and political environment”. Hahn and Tetlock argue that presidential betting would pass their economic purpose test, and that sports betting would not pass their test. However, one can … Continue reading →

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