The favourite in the betting won has almost every single US presidential election since 1868 and more recently the Academy Awards. But how well can the market predict the Nobel Prize winners?
At least 75% of those with a gambling problem have it because of poker machines in clubs or pubs. Yet we see little concern from the government about this group.
What if the worst thing a problem poker machine gambler could lose was time, instead of their mortgage? Welcome to the concept of actuarially fair gambling.
When considering US elections it pays to “follow the money” – and not just the campaign donations. Head to the bookies, not the polls, to see who’s really in with a shout.
Joan Kirner was persuaded by an eager pro-gambling lobby that the financial benefits would save Victoria – and her government. But they certainly didn’t save her government.
Beyond polls and betting markets, how else can we gauge how people feel ahead of future elections? Social media is a goldmine, and one of the newer ways to tap into it is with a “social mood reader”.
Australia’s greyhound industry is reeling from the ABC’s Four Corners expose, featuring graphic footage of racing dogs tearing other mammals apart in the illegal training practice of live baiting. The…
Professor of Economics and Finance. Director of the Betting Research Unit and the Political Forecasting Unit at Nottingham Business School, Nottingham Trent University