Lebron James is moving to the Miami Heat and leaving the Cleveland Cavaliers. At least that is what Intrade, a prediction betting market says. James will tell the public about his plans on ESPN tonight.
The James hype says a great deal about what has happened to celebrity observations. There was a time, not long ago, when the media could speculate about the plans of actors, sports heroes, movies, and TV shows. Now, the wisdom of the crowd has take over, much as it did long ago with the betting that goes with predicting the outcomes of sporting events. There is not a way to make money on LeBron and the performance of his team and Labron’s plans for his future.
The betting system is probably just as risky as roulette or Black Jack, but the fun is in the betting, as long as people can afford it.
Douglas A. McIntyre
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