And the Winner Is….

There’s been some pixels spilt lately on the efficiency of betting markets in predicting various things. So it seemed perhaps timely to point out that the markets performed pretty darn well in predicting the Oscars, with the bookies’ favourites winning best actor, best actress, best supporting actor, best supporting actress, best director and best documentary. The only notable exception was best picture, where Million Dollar Baby wasn’t favourite (it paid $3). See here for a full roundup on the Oscar betting markets.

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