[I]f [Paul The Octopus] had started with €10 stake and bet it on all his picks [via BetFair or else], he would have made about €14,000. Posted on July 13, 2010 by admin Dixit Mike Robb. –- The TelegraphHere’-s from Wikipedia: Related PostsCold Fusion Prediction Markets – [HISTORY]Wall Street analystss view is too short term.Professor Thomas Rietz (Iowa Electronic Markets) was so wrong on the usefulness of prediction markets about the 2016 Summer Olympics in Chicago.
Perhaps Mr Robb would be happy to provide us with the maths; for if we are talking about an accumlulator the bet most certainly went down when Paul was wrong (in fact he was wrong on two occassions …see Wikipedia). I have looked at the historical odds vis a vis his predictions and I cannot for the life of me see where this figure of 14K has come from. Over to you Betfair!
World Cup final: punters ‘could have reaped thousands’ betting on Paul the octopus
Paul the psychic Octupus could have netted his keepers thousands of pounds had they bet on his flawless World Cup predictions, bookmakers revealed.
Paul the Octopus could have won more than ?8,700 ($13,100) with just a ?10 accumulator bet on his World Cup predictions, according to research by Gaming Supermarket.
And here we have William Hill saying that a ten pounds accumulator on all of his World Cup selections would have paid 2900.##
The headline is simply wrong; it requires a correction. The Betfair spokesperson either needs to come up with the numbers or else to post an apology? Is he not aware of his legal requirements vis a vis such posts?
1. He said “I heard”.
2. He will come from vacation later on.