Partner Sites: SportsCardDatabase | SigningsHotlineHome | Contact Us | Help | Login



SPORTSCOLLECTORS.NET BLOG

It's Awesome Baby... pick the March Madness tourney winners
Monday, March 12, 2007
Posted by jaygross
Comments: 0

PicksPal is a fantasy sports betting site where well over 100,000 members bet their friends and coworkers on the outcome of sporting events (and they just launched a nifty March Madness site as well). No money changes hands, but top users can win various prizes.

It’s all for fun, but the company started selling the top picks of its best users in October. For $10, you can get the collective picks of the top 30 users on five games. The idea was that people could use these for-fun picks to win bets in Vegas. The question was, would PicksPal be able to consistently beat Vegas odds, and the spread, with these picks.

So far, yes. By a lot. PicksPal’s overall record, against the spread, has been 562-338, or a 63% win rate. In college basketball, the win rate is 66%. In pro football, 62%. They are even getting a 52% win rate in pro hockey, their worst sport. Some of the recent results can be viewed here.

PicksPal is a fascinating human experiment in predictive markets. The people making the picks (the elite users) don’t know they are doing it - they are simply making bets with their friends for bragging rights. If they did know that their picks were being used as part of an average to give advice to actual Vegas betters, they may choose games differently. Perhaps they would be more conservative, for example. If PicksPal’s win rate over the long run remains over 50% against the spread, they will begin to disrupt the betting markets.



Picks are made via an Ajax interface by clicking on the winners through to the Final Four. Once you’ve selected winners for all of the games, you can invite friends to participate as well, and create a widget showing your picks to put on a blog or social networking site. Users can also set up private leagues to compete directly with friends and office workers.

There are a number of prizes that the company is giving away each round (iPods, Nintendo DSs, Slingboxes, PS3s 37? TVs and two Mini Coopers) . If anyone you’ve invited wins any prize, you get that same prize as well.

VIEW COMMENTS  |  PRINT  |  PERMALINK    Digg this    Post page to del.icio.us


Topps to be sold to Eisner group
Tuesday, March 6, 2007
Posted by jaygross
Comments: 0

Group led by Eisner buying card maker Topps

I was reading headlines from ESPN this morning and noticed the news. I have been completely turned off by where the sportscard market has gone the past few years with the game used 1/1 annoying chase stuff. I can't even remember the last time I bought a new unopened pack - must be at least 10 years. So I am desperately hoping someone with new ideas can bring excitement back to the hobby so many of us grew up with. New leadership from other industries (like Disney) could do just that. Only time will tell.



VIEW COMMENTS  |  PRINT  |  PERMALINK    Digg this    Post page to del.icio.us


Fun Facts for Online Auction Buyers
Sunday, February 18, 2007
Posted by jaygross
Comments: 0

I have menitoned in this blog before that I launched a FREE site dedicated to providing buyers with information to get the best deals in online auctions - http://www.AuctionCapture.com.

Over the past few months, more and more people have started using it and winning auctions. We've taken samples* and done analysis, and  we've seen some interesting trends:

  • Auctions that end from 6-11pm EST on Sundays have the highest closing prices. This is the time window that seems produce the lowest percentage of auctions that end without any bids.

  • Auctions that end from 3-8am EST on Tuesday, Wednesday, and Thursday have the lowest closing prices.

  • Auctions posted in the wrong category generally close at 15-20% lower than similar items in more closely related categories.
     
  • Auctions posted with misspellings of key words in the titles close at 25% lower than similar items with correct spellings.

  • Auctions from sellers with low starting bids and very high feedback have higher ending prices than similar auctions from sellers with lower feedback/newer accounts. It would seem that when sellers get a good reputation, more people visit and bid on their auctions. 

  • There is more buyer loyalty than we expected. We saw a trend of repeat bidders and winners on auctions from sellers that they had previously won an auction from.

Summary:

I'd suggest that you consider buying at off peak times, creating saved searches with misspellings, and consider buying from new sellers.

* The representative sample used was a subset of data collected from November 2006-January 2007 in the Sports Memorabilia, Collectibles, and Cards categories across the multiple auction sites available on AuctionCapture. Results may vary using a larger sample over a longer period of time. 



VIEW COMMENTS  |  PRINT  |  PERMALINK    Digg this    Post page to del.icio.us


<< First < Prev  34  35  36  37  38  39  40  Next > Last >>

Recent Topics

MEMBER SPOTLIGHT: SIGNED 1989 PEREZ-STEELE CELEBRATION SET

LOOKING BACK AT ONE OF MY FAVORITE SUCCESSES - TERRY ALLEN

SCN 2020 YEAR IN REVIEW

NEW FEATURE: LEAVING BULK FEEDBACK

NEW FEATURE: TRADING DASHBOARD, LEADERBOARD, AND TRADE MANAGER ENHANCEMENTS

Month List

2021
  • January (2)

    2020
  • May (1)
  • June (4)
  • July (1)
  • September (3)
  • October (1)
  • November (1)
  • December (3)

    2018
  • January (1)

    2014
  • January (1)
  • December (1)

    2013
  • December (1)

    2012
  • January (1)
  • April (1)
  • August (1)
  • December (1)

    2011
  • January (2)
  • February (1)
  • December (1)

    2010
  • February (1)
  • March (1)
  • June (1)
  • August (2)
  • September (1)
  • December (1)

    2009
  • January (1)
  • February (1)
  • March (2)
  • May (2)
  • August (1)
  • September (1)
  • December (1)

    2008
  • January (7)
  • February (1)
  • March (5)
  • April (3)
  • May (3)
  • June (2)
  • August (1)
  • October (1)
  • December (2)

    2007
  • January (5)
  • February (2)
  • March (2)
  • April (1)
  • May (1)
  • June (4)
  • July (9)
  • August (6)
  • September (2)
  • October (3)
  • November (4)
  • December (9)

    2006
  • October (8)
  • November (11)
  • December (2)
  • Home | About SportsCollectors.Net | Blog | Contact Us | Help | Advertise

    Copyright © 1998-2021 SportsCollectors.net, All rights reserved.
    Designated trademarks and brands are the property of their respective owners.
    Use of this Web site constitutes acceptance of the
    SportsCollectors.net User Agreement & Privacy Policy.