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Betting markets in everything, Super Bowl edition
I have found odds on how long Jordin Sparks will take to sing "The Star Spangled Banner'' (wager under or over one minute and 42 seconds) and which advertisement shown during Super Bowl will top USA Today's Ad Meter popularity contest. Budweiser is the -200 favorite (bet $200 to make $100 profit), followed by Go Daddy at +300 and Pepsi at +600.
Looking through betting Web sites I have found more than 2,000 different "proposition bets,'' the name bookmakers give to markets that are about what happens around the game rather than on the result.
Here is the full story, and thanks to John De Palma for the pointer. But in baseball, regulators are shutting down one nascent market.
Posted by Tyler Cowen on February 3, 2008 at 06:58 AM in Sports | Permalink
Comments
It's a shame for Newsom that his plan is being shut down. It's a bigger shame that the MLBPA hasn't figured out a way to include minor league players in its union or that the minors haven't created their own separate union.
My fantasy: minor leaguers join the MLBPA, but the MLBPA develops an internal revenue sharing plan in which the top earning players have to contribute to a pool for minor league players, which would be used to enhance their salaries. Not unlike strike funds or contributions to retired players' pensions. What's good for the goose...
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