BetFair Education
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- The navigation is easy —-see the menu on the left-side sidebar.
- I encountered only one 404.
- They are using Movable Type, and not WordPress, alas.
- The list of posts is comprehensive.
- They could have integrated their events with Google Calendar —-just like the BetFair FireFox add-on does.
- The only bit of criticism I’-d make is that their betting “-knowledge”-, which they want to “-educate”- their traders with, is not based on economic science. I think the next revolution in betting is science-based betting knowledge and science-based betting tips. That’-ll happen outside of BetFair, I guess.
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Both InTrade and NewsFutures are in the process of overhauling their website. We’-ll see within the next weeks what they have to offer.
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I wouldn’t want to be the one associating Betfair’s educational ventures with science, but they did point out the relevance of statistics, somewhere.
However, it seems to me betfair are more interested in selling the “lay in the first half, back in the second half” casino-type system or strategy, which will undoubtedly serve the majority of their customer base. All we need now is another set of members willing to back in the first half and lay in the second half, and we’re in business. Life can be so simple.
Science doesn’t always apply IMO. How to predict the winner of the Eurovision Song Contest for instance ? Now, that’s interesting… and I can’t restrain myself from betting on it heavily.
It was a hard lesson for me 2 years ago when Finland came out of the blue and claimed victory. All the polls were way off, and my guess is they will be this year as well. Last year I paid more attention and made some decent money on Serbia, the winner, which had been my favorite all along.
This year my money is going to Romania because I think it’s the “new sound we’re looking for” this time. It’s a long shot but that means I won’t lose a lot of money when they fail. Another outsider is Azerbajan IMO (can’t be bothered about the spelling, lol).
@medemi: “they did point out the relevance of statistics, somewhere.”. OK. However, I’d like to know who their economic scientist is, if that were the case.
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“Science doesn’t always apply IMO. How to predict the winner of the Eurovision Song Contest for instance ?”. You can’t. But you can say that scientifically to bettors.
You can’t. But you can say that scientifically to bettors.
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I don’t know what you mean. Maybe a couple of Einstein quotes could shed some light on this:
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“The whole of science is nothing more than a refinement of everyday thinking.”
“The most beautiful thing we can experience is the mysterious. It is the source of all true art and all science. He to whom this emotion is a stranger, who can no longer pause to wonder and stand rapt in awe, is as good as dead: his eyes are closed.”
@medemi: I meant you can educate traders with the science of probabilities.
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I like Einstein.