How Business Insider got it wrong with the Tiger Woods divorce cost odds

[admin]

PaddyPower is a bookmaker, not a prediction exchange. Hence, the Tiger Woods divorce cost odds are computed by an analyst, not by the market.

1. It is not the “punters” who have fabricated the odds, but a PaddyPower employee.

2. It is not a set of “market odds”, but a set of bookmaker odds.

3. The bookmaker analyst does not have access to any confidential contract. So, the PaddyPower press release is aimed at suckers in the media.


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