Tag Archives: sports bettors

Mathematically speaking, as the saying goes, no one wins the lottery. Sports betting, by contrast, involves skill, and it is possible, although very difficult, to consistently win money on it. Sports bettors are closer to stock or commodities buyers than to people who buy lottery tickets. How much difference is there, after all, between betting on the future price of wheat (an activity banned in some states in the nineteenth century) and betting on the performance of a baseball team?

Posted on April 30, 2008 by Chris F. Masse

Guess who said that in 2006. – Previously: BetFair’s Mark Davies on sports betting -

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Can InTrade traders correct their own biases?

Posted on February 14, 2008 by Chris F. Masse

Jed Christiansen talks back to Tyler Cowen: The biggest problem with people assessing the “success” of most prediction markets is that most people have problems understanding probabilities. If every [favorite] won, the market would actually be pretty inaccurate! Sports bettors … Continue reading →

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Slate publishes a BetFair explainer for the Americans.

Posted on November 28, 2007 by Chris F. Masse

YouBet – The wonders and dangers of online sports wagering. – (page 2) – [BetFair explained to the Americans] – by Slate’s T.D. Thornton – 2007-11-28 [...] Betfair, which opened for business in 2000, is best described as day trading … Continue reading →

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Will InTrade-TradeSpots lose big after the (hypothetical) passing of the 2007 Internet Gambling Regulation and Enforcement Act???

Posted on May 3, 2007 by Chris F. Masse

Internet Gambling Regulation and Enforcement Act: WINNERS AND LOSERS Aaron Todd: WINNERS 1. States That’s right, the biggest winners aren’t Internet gambling companies, nor is it the Internet gambler. It’s states, and states’ rights. Gambling has traditionally been regulated by … Continue reading →

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User Interface & Target Audience: BetFair, TradeSports-InTrade, MatchBook, etc.

Posted on April 27, 2007 by Chris F. Masse

Yahoo! research scientist David Pennock comes to the rescue of British prediction market consultant Jed Christiansen. Yahoo! research scientist David Pennock comments: I think Jed Christiansen is correct to a large degree. Betfair speaks the punter’s (gambler’s) language. TradeSports speaks … Continue reading →

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Betting Exchange MatchBook: Antigua or Ireland??

Posted on April 21, 2007 by Chris F. Masse

Matchbook Officially Launches Exchange Betting Site in North America 05 Dec 2005 (PRESS RELEASE) — Matchbook (www.matchbook.com) announced today that it has officially launched its online exchange betting gaming site, following its successful spring 2005 beta launch. The organization is … Continue reading →

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