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Strategies & Market Trends : Predictive Markets
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To: Glenn Petersen who wrote (78)7/5/2007 1:36:40 AM
From: ~digs  Read Replies (1) of 137
 
-nathan's 4th of july hotdog eating contest-

score another victory for 'accurate prediction market theory'

[despite this being an obscure, disgusting event]

the japanese fella had won it for seven straight years, and yet an american named chestnut was the odds-on favorite..







there was also an over/under for the winner's total dogs consumed.. the equilibrium was set at 57.5

..fitting that chestnut went way over and broke a record by sending 66 franks down the hatch in 12 mins
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