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Date: 13 Feb 2007 17:44:22
From: ilan
Subject: Conflict of interest
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I was curious, so I went to the Unibet.com website, and might even
have tried it, since I'm in France and
would like to spite the government, but then I noticed that they take
bets on pro tour bike racing, which
seems to be a conflict of interest, since they are part of it.
-ilan
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Date: 15 Feb 2007 09:38:04
From: Curtis L. Russell
Subject: Re: Conflict of interest
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On 13 Feb 2007 17:44:22 -0800, "ilan" <ilanpi@yahoo.com > wrote:
>I was curious, so I went to the Unibet.com website, and might even
>have tried it, since I'm in France and
>would like to spite the government, but then I noticed that they take
>bets on pro tour bike racing, which
>seems to be a conflict of interest, since they are part of it.
What conflict? It looks as if they have it all worked out.
Curtis L. Russell
Odenton, MD (USA)
Just someone on two wheels...
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Date: 13 Feb 2007 21:29:52
From: bjw@mambo.ucolick.org
Subject: Re: Conflict of interest
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On Feb 13, 6:44 pm, "ilan" <ila...@yahoo.com > wrote:
> I was curious, so I went to the Unibet.com website, and might even
> have tried it, since I'm in France and
> would like to spite the government, but then I noticed that they take
> bets on pro tour bike racing, which
> seems to be a conflict of interest, since they are part of it.
Well, at first I thought that this suggests they must think
bike racing is fair (in the sense of not being fixed) since
presumably they allow you to bet multiple ways on an event.
But then I thought, they could examine their line on a race
and the bets that have been placed, figure out how much they
stood to win or lose if rider X or Y won, and if a Unibet
rider made the final and if the team were really sophisticated,
they could have the DS instruct the rider whom to support
or attack or how much to offer to pay for a victory to
maximize profit. Keeping in mind that making it too
obvious could decrease future revenue. Sort of like arbitrage;
game theorists should love it, but I can see where it
might cause problems.
Ben
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