I have been browsing thru the excellent Smarkets prediction markets on soccer (a.k.a. association football). You have 3 possibilities for betting:
– the home team wins-
– the home team loses-
– there is a draw.
The soccer rules (which allow for a draw) make me uncomfortable for betting on the outcome of a match. How can you assess the probability of a draw? I don’-t get it. The Soccer Federation (FIFA) should get rid of “-draws”- in soccer. As for forecasting and betting, it is annoying.