Heres how to create a huge buzz in the Blogosphere about the prediction markets and multiply the web links pointing to the InTrade, TradeSports, BetFair, TradeFair, Betdaq, Iowa Electonic Markets, Hollywood Stock Exchange, NewsFutures, Reality Markets, YooPick or HubDub websites.

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Create a &#8220-friending&#8221- system, on the side of your prediction exchange, so that traders can share their readings, trades and tips with their web acquaintances and friends.

Invite some big bloggers into the system. It is not necessary that those big bloggers use the service.

Put the names of these bloggers as the by-default choice in the landing page of your &#8220-friending&#8221- system, so that each newbie is prompted to become a &#8220-friend&#8221- of those big bloggers.

– Of course, the number of &#8220-friends&#8221- of those big bloggers will grow dramatically by the minute. After a while, the numbers of &#8220-friends&#8221- of those big bloggers will become impressive.

– Then, what happens is that those big, infatuated bloggers will notice the big number of &#8220-friends&#8221- they got on that &#8220-friending&#8221- service (which they don&#8217-t use), and they are going to start bragging about that on their respective blog &#8212-linking to that &#8220-friending&#8221- website, and thus, sending more newbies to it, and injecting PageRank juice into it.

– The best scenario is one where that &#8220-friending&#8221- service is seen as prestigious, and there is a competition going on between the big bloggers about who is going to have the longest.

– Success guaranteed.

If you wondered why the big bloggers in the field of information technology are all talking about FriendFeed, then watch that video.

Previous blog posts by Chris F. Masse:

  • 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…
  • Do join the “Prediction Markets” group at LinkedIn, if you have a strong interest in the prediction markets or if you work in the prediction market industry. It’s free, and that’s a way for the LinkedIn visitors browsing stuff about prediction markets to stumble upon your resume / profile.

Kudos to BetFairs e-mail marketing team?

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Previous blog posts by Chris F. Masse:

  • The letter David Pennock will never send out —well, we hope.
  • Monitor the web traffic of TradeSports.com, InTrade.com, BetFair.com, Betdaq.com, NewsFutures.com, HubDub.com, etc. —thanks to Google Trends.
  • Here’s the way to promote innovation for entry-order and analysis software packages —separate the 2 functions.
  • Ugly things happened before BetFair was invented
  • Tiny API delay for non-UK customers of BetFair —since all international BetFair bettors, traders and gamblers are now served from Malta, not from London.
  • CLOCK IS RUNNING FAST: 17 days to go, if we want to counter AEI’s push for not-for-profit prediction exchanges.
  • In the for-profit vs not-for-profit debate, our prediction market luminaries, doctored by Bob, are on the wrong side of the issue.

The First One, The Free One, and The Good One.

No GravatarSteven Frank:

My current hypothesis is that there are at least three positions of prominence in each segment &#8212- three ways to be number one, if you will: The First One, The Free One, and The Good One.

I like his short essay.

Previous blog posts by Chris F. Masse:

  • 50% of our prediction market luminaries have a MacBook.
  • STRAIGHT FROM OUR TRUISM DEPARTMENT: Money buys happiness.
  • Ron Paul (R) and Barney Frank (D) ally together to attack “the practical hurdles of the federal law, known as the Unlawful Internet Gambling Enforcement Act, rather than its legitimacy”.
  • Clicking on the “SPHERE: RELATED CONTENT” button, at the bottom of each Midas Oracle post, will bring you a list of external webspots.
  • FRIGHTENING: Jed Christiansen’s prediction market blog was briefly overtaken by web spammers, who inserted invisible links to their commercial sites so as to game the Google PageRank system.
  • InTrade ditch market-leader Bloomberg for low-cost, second-tier data provider eSignal.
  • Drawing a parallel between our reluctance to seek advice and the experts’ reluctance to take the market-generated probabilistic predictions in an un-discriminating, un-critical fashion

Market to the market aficionados, first.

David Pennock:

Markets and betting suffer from an image problem and a learning curve — they appeal strongly to a certain demographic but are repelled by others. As much as I’d like this mentality to change, I don’t see it happening in the near future.

In my view, the prediction market consultants should focus on the market-literate people out there (the sophisticated users of markets) before branching out to other forecasting techniques (&#8221-competitive forecasting&#8221-), which the other (i.e., non-market) forecasting professionals do master better.

Read the last blog posts by Chris. F. Masse: