Another great read . Modern economic theory determines that where there is a free market in which goods and services are freely tradable the market will generally determine a market price that is "efficient". On modern betting exchanges the same forces exist. The betting exchange is simply a meeting of minds and opinions on which prices are formed. There is no obligation to accept the offered price... Read more

Origination of the article, here . What is a bookie? Many people ask this question and it was indeed one of the first "puzzles" I solved when looking at betting exchanges. Curiously I found no explanations anywhere on the internet or in bookshops. So here is an explanation.... The art of making a book is to 'balance' it so that a profit is made no matter what the outcome. Bookmakers make money by... Read more

As per the definition of a hedge: [quote] To hedge a bet, to bet upon both sides; that is, after having bet on one side, to bet also on the other, thus guarding against loss.[/quote] The question arises, and it comes with great validity. When is it a good time to hedge a bet? For one, and this happend frequently, when one plays a parlay, and all the games win, except the last one, which is pending. Fantastic way to clear... Read more

It's been a long-time awaiting. Finally, I'll be able to write a little regarding my thoughts on everything going on the the world, ranging from sports to the economy. Heck, maybe I'll write about our new Pepsi logo, which I was involved with. Going forward, hopefully, I'll be able to learn from every one of you. This forum is all about feedback, good or bad. Criticism is what drives me, so if there is anything... Read more