Apr

8

The sports books are moving to online betting where you can bet bet during the progress of the game, like after the second inning or the first basket, or the first half, as to what the outcome might be. It reminds me of what happens when a company like Alcoa reports with the market first going up on the idea that Alcoa is going to report positive, then down in the 3:55 to 3:59 timeslot on fears it will be bad, then up as the friends with precognition and future emoluments to give take action, then up as their precognition is realized, then up because it's the first report and it signifies that things aren't as bad as thought, then down as people realize it's just one metals company reporting from the last quarter, then of course up, because what do the first quarter earnings have to do with the price of stocks anyway?


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3 Comments so far

  1. Craig Bowles on April 8, 2009 8:16 am

    I’ve thought horseracing needs something similar to revive interest and make going to the track (other than Saratoga) more fun. Some sort of handheld device would allow bets throughout the race with the odds constantly changing. A 6-furlong race and the favorite stumbles out of the gate…all the sudden you can bet the favorite at 10-1.

  2. Bob O'Byrne on April 8, 2009 2:12 pm

    Many years ago the public company trying to market this technology was International Sports Wagering Inc. Alas, they could not figure how to get this out of the Vegas sports book due to restrictions getting ouside of Nevada. I see they are a penny stock today.

  3. david on April 8, 2009 6:50 pm

    first quarter earnings these days means all the world to a company and you can wrap that in foil…

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