Introduction to Prediction Markets
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About this listen
What Are Prediction Markets? A Cricket Fan's Introduction
You've spent years watching cricket — analyzing players, understanding pitches, predicting match outcomes before they happen. But what if that knowledge could actually be worth something?
In this first episode of The Hunch, we break down prediction markets from scratch. No jargon, no complicated finance speak — just a simple explanation designed for cricket fans who want to understand this powerful new concept.
What we cover:
→ The basic mechanics: How buying and selling "shares" on outcomes works
→ A cricket example: If you think India will win the World Cup, here's exactly how you'd express that — and profit if you're right
→ Why the price IS the probability — the key insight that changes everything
→ Real-world examples: How prediction markets predicted the US election better than polls
→ The "wisdom of crowds" — why millions of cricket fans together know more than any single expert
→ Why this matters for cricket lovers in India, Pakistan, and beyond
Think of this episode as your foundation. Whether you've never heard of prediction markets or you're curious how they apply to cricket, start here.
By the end, you'll understand why your cricket knowledge — built over a lifetime of watching matches, following players, and arguing with friends — finally has a way to prove its value.
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