- Aug 31, 2012
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Re: Re:
In brief, it's the same reason the media keep mentioning how the financial markets react to any news concerning the Grexit, or why credit default swaps are looked at to asses the probability of default. Market prices resulting from ivestors trading assets that pay out when an event happens can be seen as the probability that event is going to happen. For gambling markets in sport, the accuracy of those predictions has been researched extensively, with the conclusion that the betting odds outperform any other mode of prediction.
So, posting the odds is like posting some guy's opinion on what's going to happen in the Tour, only more likely to be correct.
Though this is just passive aggressively saying I should stop posting, I'm going to explain why the odds should be interesting to anyone who cares about prediction in case someone's wondering.LaFlorecita said:Do you think anyone cares about the betting markets, besides you of course?SeriousSam said:Strong performance. Pending a very strong showing from Quintana or Contador, he's the favourite for the Tour with the markets.
In brief, it's the same reason the media keep mentioning how the financial markets react to any news concerning the Grexit, or why credit default swaps are looked at to asses the probability of default. Market prices resulting from ivestors trading assets that pay out when an event happens can be seen as the probability that event is going to happen. For gambling markets in sport, the accuracy of those predictions has been researched extensively, with the conclusion that the betting odds outperform any other mode of prediction.
So, posting the odds is like posting some guy's opinion on what's going to happen in the Tour, only more likely to be correct.