Predictalot: A game that takes NCAA tournament pick 'em

Yahoo! Labs invite to join a new experiment called “Predictalot,” a game that takes NCAA tournament pick ‘em to entirely new extremes. “Here’s how it works. You can invest virtual points on almost any prediction you can think of about the men’s college basketball tournament, like “Duke will advance further than Texas,” or “Every final […]

Yahoo! Labs invite to join a new experiment called “Predictalot,” a game that takes NCAA tournament pick ‘em to entirely new extremes. “Here’s how it works. You can invest virtual points on almost any prediction you can think of about the men’s college basketball tournament, like “Duke will advance further than Texas,” or “Every final four team’s name will start with the letter U.” For e.g., you can invest one point predicting that “there'll be exactly 2 upsets in Elite Eight” and, according to current Predictalot odds, you’ll win ten points if you’re right. You can keep your predictions and see how they turn out, or you can sell them at any time, even while you’re following action on court. How does that work? Think of your predictions like stocks that can be priced, sold and traded (for virtual points, of course) just like you’d buy and sell stocks, options and futures on financial exchanges of the world. Predictalot offers hundreds of millions of such predictions, constantly computing prices for them all,” explain Yahoo.

More info: Testing the Wisdom of Crowds on the Madness of NCAA Basketball