Display:
will open a book on two snails sliming up a wall if there is public interest or a potential market.  The fact they have done so demonstrates the public interest, and the odds on offer give a sense of where the money is being laid based on current public perceptions - within their market - i.e. mostly UK and Ireland.

Thus looking at how those odds change over time will be one indicator of how public perceptions are changing (and perhaps also some semi-informed insider trading).

The very fact that Mary Robinson is on the list at the present time is a good start.  Lets see how the odds change...

notes from no w here

by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Thu Oct 15th, 2009 at 08:24:07 AM EST
[ Parent ]
Sure Paddy Power will offer odds on anything. But on half a field of non-starters, and with a possible front-runner missing? If they did that in horse-racing they'd be up in court.

It's also the use made of it by one or two eager beavers in the political press, who didn't even notice there was anything wrong with Paddy Power's crap.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Oct 15th, 2009 at 10:48:50 AM EST
[ Parent ]
afew:
But on half a field of non-starters, and with a possible front-runner missing? If they did that in horse-racing they'd be up in court.

Not at all.  The runners haven't been declared yet and anyone can propose anyone at the moment - Mary Robinson probably coming from left field as far as many Heads of Government are concerned.  The fact that Lipponen isn't mentioned merely means few in Ireland/UK have heard of him and none have asked to lay a bet. (There's an opening for you - you'll get good odds on a first bet...;-))

The fact that this qualifies as "news" on a slow news day in the MSM (which repeats the "President of Europe" crap) says more about the MSM than the PP marketing strategy which specialises in quirky news attention grabbing stunts.  It's in the entertainment business, not Europolitics, and shouldn't be taken any more seriously than that.  

I suspect the MSM seized on it because it does offer some kind of list and some way of measuring the relative perceived chances of many of the key players - late entrants notwithstanding.  As I said above it will be interesting to see how the odds change based on where the bets are laid based on what the MSM say based on what some would be insiders say based on what some insiders may or may not have said.

notes from no w here

by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Thu Oct 15th, 2009 at 12:10:44 PM EST
[ Parent ]
It's not of much interest why PP did it, except that a spokesperson said reading the newspapers and making an educated guess was how they arrived at their pile of crap. In other words, that was an opening list and quite possibly they hadn't received any money on most of the "field". (Have you read the exchange linked to in the diary and followed the links?)

As for the "political commentary" people that featured it, I don't think people who are paid to do political analysis and commentary are unaware of what they are doing.

interesting to see how the odds change

Can you be serious?

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Oct 15th, 2009 at 02:46:02 PM EST
[ Parent ]
If you check their other bets, you'll see that they have one for the next Pope, with odds 1000:1 for Bono. I think that says it all....
by gk (g k quattro due due sette "at" gmail.com) on Fri Oct 16th, 2009 at 02:27:32 AM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series