Sunday, August 16, 2009

Buying into Media Hype

According to this article, some gambling folks went ahead and paid out about 1.25 million pounds on a Tiger Woods victory at the PGA even before Tiger had teed off today.

How much could the media have contributed to this with their constant adoration of Tiger and their endless one-sided reporting of statistics?

Sure Tiger had some kind of statistic about leading going into the final round of a major. But every tournament is different. That's why they are played to their conclusion. Otherwise, they wouldn't even play the tournament. They would just give the trophy to whoever the stats suggest would win. Sort of like paying out the money on the bets before the final round starts.

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