Wednesday, June 25, 2014
short term courses
Tuesday, June 24, 2014
Spot Admission
The Course aims to furnish the learning skills of student in using web and internet as a main medium for journalism. This will include Blogging, journalistic writing for internet, online articles, packaging, designing, interactive and cross media options for websites.
A perfect blend of theory and practical training aims to equip the participants with skill to produce online articles, audio, video, pictures using various multimedia packages.
Objective of the course:
Duration of the Program:- Three months.
Fee:- Rs. 15000 at the time of admission.
Teaching/Training Hours:-6 hours per week.
Exercises/ Assignments:
Sports industry is expanding at a fast pace all over the world. From an economic perspective, the sports media is a multi-billion dollars industry. Broadcast and cable networks currently have billion contracts to televise sports programs. The rapid growth of sports in India is evidence to this fact. The sports programs have made its large space in media industry. Today, every news channel is presenting special programs on sports. Not only cricket, other games are also gaining popularity in India day by day. In view of the fact that India is a host country of 2010 Commonwealth Games, a major sports event in the world, and virtual absence of any specialized training in the field of Sports Management, there is an immediate need with trained professions in the management of Sports Business. Despite the general economic slowdown in the world economy, growing sports business necessitates sports centric management skills which can only be provided through a specialized course in Sports Economics. & Marketing.
Three-month course.
Eligibility
Pursuing graduation in any stream
Admission will be done on first come first serve basis.
Under the circumstances that the number of applicants is large, the college reserves right to conduct entrance examination/interview to select deserving candidates.
Availability Of Application Form
Application forms can be obtained from SGTB Khalsa College, University of Delhi on any working day or can be downloaded from the website of the college www.sgtbkhalsadu.ac.in
Important Information
Wednesday, June 18, 2014
Understanding the Wager Pricing Policy of Bookmakers at the 2014 FIFA World Cup
I came across an interesting observation during this world cup, this time in relation to the pricing mechanism followed by the bookmakers.
This graphic shows the betting quotes on bet365.com of an outright WC win for each of the participating teams. Going by the law of demand, ceteris paribus, the bet price of an event is an inverse function of its probability. Hence, we can clearly see Brazil, Argentina and Germany are the obvious favorites of the bookies. Now an intelligent investor/gambler would be one who can compare the actual winning probability of a team vis-à-vis its speculative probability of winning. This is similar to arbitrage trading where the price difference is discovered between a security's fair value forward rate and its existing market value forward rate and thereupon arbitraging the price differential to earn profit. However in case of stock market, the inefficiencies decrease with time and the market price tends to move towards the actual fair value whereas in a betting exchange (which consists of more 'emotional gamblers' rather than 'wise investors'), the bookmaker would allow certain inefficiencies to exist so as to attract high volume of transactions.
In the current context, the actual winning probability of teams like Brazil and Argentina might be less than their speculative probabilities (as based on bet365 quotes) especially considering a likely Group 16 Brazil-Spain clash and Argentina's below par performance against Bosnia. On the other hand, teams like Italy and France who are coming at the back of decent performances are being traded at high prices i.e., the bookies want to make you feel that Italy is six times less likely to win the WC than Brazil. That's not right, is it?
Now before I end, I need to make an important disclaimer. Wagering agreements are illegal in India. I do not profess or encourage any sort of irresponsible gambling whatsoever. The above observation is just to share the application of basic statistics and investment fundamentals in sports. Enjoy the game!
For more such feeds, check my blog at investmentcalculus.blogspot.com