Early writers on probability had explained how the ‘house advantage’ didn’t need to be large for a gambling enterprise to profit enormously. But gamblers and gambling operators were slow to catch on.
Articles on betting odds
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The bookies have got it right in all but two elections since 1868.
A look at the past results shows there is some advantage to a team playing at home and winning the first game in State of Origin.
Online bookies can tap into the wisdom of the crowd better than pollsters.
Some football bets are 50 times more harmful than others.
With a proposition bet, the odds are always against you.
There were red faces all round after the wrong film was given the award for Best Picture. But stranger things have happened.
If you want to know who’s going to win the Oscars, your best bet is the bookmakers.
A games experts explains the more complex ways to gamble on Euro 2016 and what the risks are.
The swing in betting sentiment the month before the Scottish indyref tells us Boris has his work cut out.
Egg roulette, terrible passing stats and the odd pizza. The psychology that builds success.
Sorry Boris, those with a bet at stake think we’re staying put.
Instead of fixating on polling and pundits, you might as well go straight to the bookies.
At first glance, US$1.5 billion seems like a lot of money. But that’s before taxes and a tendency for winners to spend it unwisely.
You are now three times less likely to win the big prize. So why don’t we run for the hills?
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”.
The stock market looks a good bet, despite reaching an all-time high late last month. But until the UK election is out of the way, you might want to steer clear.
An important milestone for political junkies is fast approaching: on Friday November 7 it will be six months to go until next year’s UK general election. At this stage it looks almost impossible to call…
Top contributors
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Emeritus Professor, University of Nottingham, (currently Vice-Chancellor at MILA University, Malaysia), University of Nottingham
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Professor of Economics and Finance. Director of the Betting Research Unit and the Political Forecasting Unit at Nottingham Business School, Nottingham Trent University
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Professor of Economics, University of Stirling
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Associate Professor of Mathematical Sciences, University of Technology Sydney
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PhD researcher in elite team psychology, University of Sussex
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Associate Professor of Business, Boston University
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Adjunct Research Fellow; Journalist, University of Notre Dame Australia
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Lecturer in the School of Psychological Science, University of Bristol
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Lecturer in Finance, University of Bath
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Professor of History, University of Montana
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Head, The Cyber Academy, Edinburgh Napier University
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Scientia Professor of Economics, UNSW
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University of Newcastle
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Principal Lecturer of Economics and Finance, University of Portsmouth
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Director of the International Gaming Research Unit and Professor of Behavioural Addiction, Nottingham Trent University