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Technology

Bookies Predict the Future of Tech 50

First time accepted submitter machineghost (622031) writes "It's one thing to make predictions about the future of tech; that happens all the time on Slashdot. But it's quite a different thing to put money on the line to back up those predictions, which is exactly what this British bookie has done. Think you know whether Google Glass will beat the iPhone, or whether we'll be ready to go to Mars and back by 2020? Now's your chance to capitalize on those predictions!" Or you could, y'know, invest money in at least some of them, and thereby increase their chances of succeeding.
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Bookies Predict the Future of Tech

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  • by lucm ( 889690 ) on Friday April 18, 2014 @11:58PM (#46793067)

    You can short the loser side and get an immensely bigger payout if you are right. Options are pennies on the dollar compared to a bet or actual shares.

    And in any event, unless you buy in at the IPO, you don't "help" a company or technology by buying their stock since the said stock is owned by some other dude and the sale does not bring a single more dollar to the company; if anything there is administrative overhead for them. The only marginal impact you may have is that by buying or selling you have a tiny influence over the stock price, which may please or displease other shareholders, who can reward or punish executives accordingly.

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