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  2. Prediction market - Wikipedia

    en.wikipedia.org/wiki/Prediction_market

    The virtual dollar drop in the market successfully forecasted the lateness of the business and prevented the company from extra money loss. Although prediction markets are often fairly accurate and successful, there are many times the market fails in making the right prediction or making one at all.

  3. Online casino - Wikipedia

    en.wikipedia.org/wiki/Online_casino

    Online casinos, also known as virtual casinos or Internet casinos, are online versions of traditional ("brick and mortar") casinos. Online casinos enable gamblers to play and wager on casino games through the Internet .

  4. Online gambling - Wikipedia

    en.wikipedia.org/wiki/Online_gambling

    Sports betting is the activity of predicting sports results and placing a wager on the outcome. Usually, the wager is in the form of money. Many online sports betting websites offer in-play gambling, which is a feature that allows the user to bet while the event is in progress. A benefit of live in-play gambling is that there are much more markets.

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  6. Tipster - Wikipedia

    en.wikipedia.org/wiki/Tipster

    Many newspapers and other betting journals such as the Racing Post track the leading newspapers' tipsters and see how well their predictions match the actual outcome, by assuming a nominal £1 bet on every tip that the tipster makes, and calculating the theoretical return. Thus, tipsters themselves can be "tipped" as being a good or bad tipster.

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  8. Gambling and information theory - Wikipedia

    en.wikipedia.org/wiki/Gambling_and_information...

    The point of betting is to rationally assess all relevant variables of an uncertain game/race/match, then compare them to the bookmaker's assessments, which usually comes in the form of odds or spreads and place the proper bet if the assessments differ sufficiently. [5] The area of gambling where this has the most use is sports betting.

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