

Only a minuscule amount of critical thinking is required to reject the hypothesis that cumulative betting odds on news items are predictive of real outcomes. He mentioned sports betting as a similar case, do sports betters think increased betting odds (say on a specific horse to win) increase the likelihood that that horse wins? I kind of feel like they understand what the numbers represent but I’m not super steeped in gambling culture so I’m genuinely curious.
News outlets framing betting odds as useful stats for predicting events is worrisome though. Readers expect journalists to provide only relevant information so mixing in stuff you’re paid to include breaks the expectation between writer and reader since the expected intention of the article (information on a topic) is different than the actual one (fulfilling an advertising obligation to a gambling company).








They’re kind of a live mixing engineer, it’s really hard to coordinate a piece between more than about 6 others without a conductor to give feedback, cues, and tend to the overall sound (tone, dynamics, rhythm).