Horse racing systems
Horse racing betting systems are based on a number of criteria, some of which include analysis of the horses' form.
Often horse racing systems are based on financial systems such as hedging (betting on multiple outcomes in a race) and arbitrage (lay the horse a low price and back it at a high price). Other horse racing systems exist which are based on items such as horse name, jockey form, trainer form, and lane draw. Modern horse racing systems can rely on specific betting possibilities only offered on betting exchanges.
Loss recovery systems such as Martingale can also be applied to horse racing.
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.
Carr–Benkler wager
Yochai Benkler speaking at UC Berkeley Boalt Hall School of law on 27 April 2006.
Nicholas Carr speaking at the VINT Symposium held in Utrecht, Netherlands on June 17, 2008.
The Carr-Benkler wager is between Yochai Benkler and Nicholas Carr about whether the most influential sites on the Internet will be peer-produced or price-incentivized systems.
History
The wager was proposed by Benkler in July 2006 in a comment to a blog post where Carr criticizes Benkler's views about volunteer peer-production. Benkler believes that by 2010 the major sites will have content provided by volunteers in what Benkler calls commons-based peer production, as in Wikipedia, reddit, Flickr and YouTube. Carr argues that the trend will favor content provided by paid workers, as in most traditional news outlets.[1][2][3][4]
References
- ^ "What is the Carr-Benkler wager?". The Guardian. "On the two sides: Nicholas Carr, a former executive editor of the Harvard Business Review; and Yochai Benkler, a professor of law at Yale University whose book, The Wealth of Networks: How Social Production Transforms Markets and Freedom, suggests that new types of collaboration let people be more productive than profit-seeking ventures."
- ^ Fox, Justin (February 15, 2007). "Getting Rich off Those Who Work for Free.". Time (magazine). "In other fields, it's not so clear. In a critique of Benkler's work last summer, business writer Nicholas Carr speculated that Web 2.0 media sites like Digg, Flickr and YouTube are able to rely on volunteer contributions simply because a market has yet to emerge to price this "new kind of labor." He and Benkler then entered into what has come to be widely known in Web circles as the "Carr-Benkler wager": a bet on whether, by 2011, such sites will be driven primarily by volunteers or by professionals."
- ^ Carr, Nicholas. "Calacanis's wallet and the Web 2.0 dream.".
- ^ Benkler, Yochai. "Benkler on Calacanis's wallet.".
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.
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