Is Betting on Reality TV Easy?
Television, the drug of the nation, is all over the futures market now that the fall season is upon us: Kid Nation, Survivor 16, Survivor 17, Dancing with the Stars 5, and The Biggest Loser 4 are all on the betting menu.
Some of these bets have a greater degree of difficulty than others. For example, the Kid Nation offering asks if the show will be cancelled before it airs its final episode. “No” was the favorite at –600. To get an edge on these kind of bets, you can dig into the gossip rags to see what kind of ratings are being generated and what the TV bigwigs are saying.
Bets asking who will actually win the show are tougher to crack. These are all subjective contests; even The Biggest Loser is up to the voting preferences of the contestants more than the scale. Maybe Bill James can come up with a statistic for that.
