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YooPick = an innovation in spread betting markets
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Category Archives: Betting
All against the BetFair premium charges
Excellent analysis from the “-Punt”- blogger.
Serial bet winners are accused (that’-s the word) to withdraw money from the BetFair machine, compelling BetFair to attract new money from newbies at a high marketing cost, and thus BetFair has decided to tax those serial bet winners.
I wonder what a Harvard or Wharton MBA would think of this reasoning.
It is my understanding that, in the betting and gambling business, you are always trying to attract new blood to make up for the disillusioned gamblers that you are losing on a daily basis.
Am I correct, folks?
Why don’-t BetFair raise moderately the trading fees for everybody, or try to reduce the cost of the BetFair IT architecture by slashing out what has been unnecessary added by their IT maniacs?
Previously: BetFair impose new “Premium Charges”, and their very active traders are up in arms. – 2008-09-09
Some vocal event derivative traders reject the new BetFair premium charges -as a matter of principle.
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PREVIOUSLY: BetFair impose new “Premium Charges”… Do BetFair gag the critics, too?
UPDATE: They announce a Q&-A.
Computer beats human experts at poker…
Previous blog posts by Chris F. Masse:
- 48 hours after the launch of the “Prediction Markets” group at LinkedIn, we have already 52 members —both prediction market luminaries and simple people (trading the event derivatives or collecting the market-generated probabilities).
- The John Edwards Non-Affair gives us an opportunity to look deep into the caldron of the wisdom of crowds.
- We Plug This British Betting Blog On Midas Oracle Because We Like Its Name.
- 24 hours after the launch of the “Prediction Markets” group at LinkedIn, we have already 39 members —both prediction market luminaries and simple people (trading the event derivatives or collecting the market-generated probabilities).
- That was ubber world star Barack Obama in Berlin, during his July 2008 speech at the Victory Column. Spot all the digital cameras pointing to the socialist Messiah. Snatching something to bring at home — “see, I was there”.
- If you want your affiliation with the “Prediction Markets” group to appear on your LinkedIn profile, then click on “Edit Public Profile Settings”, and check the “Groups” option.
- If you want to connect with InTrade CEO John Delaney on LinkedIn…
Will those 2 exchanges be affected by the upcoming CFTC ruling?
– YooNew
– FirstDibz
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Previous blog posts by Chris F. Masse:
- The FaceBook profiles of the 2 most important men of the field of prediction markets
- THE HUMAN GADFLY WHOSE OBJECTIONS ROBIN HANSON IS DUCKING…???…
- Google now considers Midas Oracle as a major blog.
- Horizon 2015: A long-term strategic perspective for the real-money prediction markets
- Join our group at LinkedIn to have your “Prediction Markets” badge on your profile. It’s ‘chic’. (“Groups” info should be set as “visible”, in your profile options.) We are 63 this early Saturday morning —keeps growing.
- If you have been using PayPal to fund your InTrade, TradeSports or BetFair account, please, check that horror story.
- 48 hours after the launch of the “Prediction Markets” group at LinkedIn, we have already 52 members —both prediction market luminaries and simple people (trading the event derivatives or collecting the market-generated probabilities).
I no longer recommend BetFair.
Writes the “-Hundred Percent Gambling”- blogger.
Let’-s hope that his/her grievances will find their resolution.
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The marketing association between BetFair and TOTE Tasmania works better than expected.
Mercury
Old MO post on that.
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Previous blog posts by Chris F. Masse:
- Psstt… Spot that comment, on Google News, about… “bellwethers”… from a political scientist.
- INSIDER’s STORY: The insightful strategic business report about The Evil Empire that Henry Berg does not want you to see
- Prediction markets are about lowering transaction costs. That’s how sports come in.
- The birth certificate of the next president of the United States of America –maybe
- The term “event markets” sucks —and the uncritical thinkers using this crappy term suck too.
- CLIMBING HIS WAY TO THE TOP: Erik Snowberg is now Assistant Professor of Economics and Political Science at California Institute of Technology.
- Unlike other countries, the United States of America defends the freedom to offend in speech.
2 days after my ringing the alarm bell… THE FREE FALL
– My first warning: June 4. + My second warning: June 4, later that day. + My third warning: June 5.
– Now, spot the timeline in the event derivative chart below.
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Take that, Mike R. 
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TAKEAWAY: If you are a UK-based or British trader on prediction markets, don’-t believe a single word of what UK-based or British bloggers say about US politics. Go to US-based or American blogs to get the information you need to inform your US bets.
If you followed that British blogger, you’-d be in the red today.
Get your information from sources close to the action —-not one ocean away.
Get your information from vibrant sources who use intelligently both the information technology and the wisdom of crowds to comprehend the news —-see my point #5 on yesterday’-s post.
Pay attention to what I’-m going to say in the coming weeks about “-prediction market journalism“-. Thanks.
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New discussion thread about the BBC documentary about sports betting…
At Ed’-s request…-
BBC TV report on sports betting —- (only for UK-based people 
)
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Previous blog posts by Chris F. Masse:
- IIF’s SIG on Prediction Markets
- Science
- Why did prediction markets do well in the pre-polling era, professor Strumpf?
- Mozilla FireFox users, do you have trouble downloading academic papers (as PDF files) from SSRN?
- “Impact Matrix. Used to collect and gauge the likelihood and business impact of various events in the very long term.”
- Ends and Means of Prediction Markets — Tom W. Bell Edition
- How to run enterprise prediction markets… legally
Clueless Mike Smithson is betting that Barack Obama will take Hillary Clinton on the Democratic ticket.
Wouarf.
He will lose his bet.
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