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73 sats \ 2 replies \ @grayruby 23 Jan \ parent \ on: Why prediction markets aren’t popular oracle
Yes that makes sense. They just need to have something every month for people to be hyped about betting on.
Sports betting sites capitalized on this by introducing "live betting" (aka in-game betting).
So not only can you bet on winner/loser - over/under....but you can bet play by play. "Team A will fumble the ball X times", "Team B will be next team to score", etc...
This has produced lots of interesting situations for bettors who may pick Team A to win, but upon seeing a bad first quarter, will then hedge against them by betting that Team B will have higher half-time score. Or sometimes bettors may bet for Team A to win, but also hoping that they fumble the ball X number of times so that their multi-layered bets can all hit....