Friday, January 30, 2009

Good news for the economy!

It only contracted 3.8%! No seriously... people were predicting 5.5%. But...
Although the initial result was better than economists expected, the figure is likely to be revised even lower in the months ahead and some believe the economy is contracting in the current quarter at a pace of around 5 percent. The current January-March period, they said, will probably turn out to be the worse quarter for the recession.

"The downturn is intensifying. The fourth quarter is worse than it looks," said Mark Zandi, chief economist at Moody's
OK, so maybe that isn't very good news.



  1. If you’re new to betting, one of the first things you should do is learn how betting odds work.
    It’s critically important because it allows you to understand how likely an event is to happen, and what your potential winnings will be.
    At first, it may appear confusing, however, read our guide and let us explain it to you.
    The most basic level, betting provides you with the ability to predict the outcome of a certain event, and if your prediction is correct, you will win money.
    For any given event, there are a certain number of outcomes. Take rolling a dice for instance. If someone rolls a dice, there are six possible outcomes.
    Therefore, if you bet that the person rolls a ‘one’, there is a 16.67% chance that will happen.
    What betting odds merely do is present how likely the event is to happen.
    Bookies most frequently in the UK do this as a fraction, i.e. 4/7, whilst the vast majority also offer the ability to view them as decimals.

  2. Whenever you see two numbers separated by a trailing slash, i.e. 10/1, this is known as fractional odds.
    From this, you can calculate how likely a given event is to happen with a calculation.
    For ease of explanation, let’s replace the numbers with letters i.e. 4/1 becomes A/B. Here is the calculation: Probability (%) = B / (A+B).
    Betting odds allow you to calculate how much money you will win if you make a bet.
    With the same replacement of numbers for letters, i.e. 4/1 becomes A/B.
    Quite simply, for every value of B that you bet, you will win A, plus the return of your stake.
    Decimals are far more common on exchanges, such as Betfair, but all leading betting sites do give you the option to view betting odds in this format.
    They are an alternative to seeing betting odds in the fraction format, and in our opinion, are easier to work out.