Wagering

A prediction market is a market where bets are performed on predictions of events such as elections, changes in stock prices or business of sales. There is no need for representative samples instead of a poll. All bets form a … Read More

These days one can bet on almost anything: from whether it will snow on Christmas day, to which volcano will erupt next, to outcomes in worldwide presidential elections. While these may seem rather random and whilst you may be wondering … Read More

A sucker bet is a bet based on something other than expected return including: parlays: One bet ticket written with at least two wagers (all must win for the ticket to cash). teaser: A sucker wager that allows bettors to … Read More

Understanding that Simon wanted to bet again, Ehrlich and climatologist Stephen Schneider counter-offered, challenging Simon to bet on 15 current trends, betting $1000 that each will get worse (as in the previous wager) over a ten year future period. The … Read More

In accordance with Paul Ehrlich’s website: “In 1980, Julian Simon repeatedly challenged environmental scientists to bet against him on trends in prices of commodities, asserting that humanity would never run out of anything. Paul and the other scientists knew that … Read More

Julian L. Simon and Paul Ehrlich entered in a famous wager in 1980, betting on a mutually agreed upon measure of resource scarcity over the decade leading up to 1990. Simon had Ehrlich choose five of several commodity metals. Ehrlich … Read More

A scientific wager is usually a wager whose outcome is settled by scientific process. They normally consist of an give to spend a specific sum of dollars on the scientific proof or disproof of some at present uncertain statement. Some … Read More

Starting price or SP bookmaking literally refers to taking bets at fixed odds, i.e. a fixed starting price, as opposed to the totalisator model of betting. This form of gambling was only legal in Australia for bookmakers operating on the … Read More

In gambling, a proposition bet (also called a prop bet) is any bet made for a sum of money that involves a proposition. An example is the professional poker player, Howard “The Professor” Lederer, a vegetarian who wagered $10,000 with … Read More

A pick 6 is a type of wager offered by horse racing tracks. It requires bettors to select the winners of six consecutive races. Because of the great difficulty in picking six straight winners, plus the number of betting interests … Read More

A parlay is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual … Read More

An over-under or over/under bet is a wager in which a sportsbook will predict a number for a statistic in a given game (usually the combined score of the two teams), and bettors wager that the actual number in the … Read More