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2min chapter
The Man Who Bet His House on a Pop Song - A Eurovision Tale
Cautionary Tales with Tim Harford
How to Bet on Eurovision
In Eurovision you can't vote for your own country. But if you're a person of Polish descent who is living in the UK, then you can certainly vote for Poland's song. By looking at historical patterns of migration across Europe, you could anticipate where some countries will get votes from other countries. Daniel started to bet on Norway to win Eurovision before Norway had even chosen this song to represent it. And because he'd spotted the song early, the odds were still good, 16 to 1. So for every dollar you bet, you win 16. That was when Daniel realised that he could make some serious money from Eurovision.
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